With much of the global economy suffering terrible financial losses due to troubled tangible and intangible assets (much of it real estate and commercial paper), one might ask “what assets are now worth hanging on to and investing in?” Here we also ask “are hobbies and collectible items becoming big business again?” The easy answer is yes, they always have and they always will be.
For generations people have collected everything from spoons, to spinning wheels, art and tools, stamps, baseball cards, coins and jewelry. These treasures rarely loose their value unless they’re significantly damaged or altered. Well preserved and cared for antiques and collectibles become a part of a family and are rarely let go of. Sometimes the sentimental value of an object outweighs the price tag of what it might command at an estate sale or auction.
Many rare and unique items tend to hold their value and gain value much better than some homes and even blue chip stocks. Not only do these items tell a story of generations past, but they also provide you with an experience to touch a piece of the past. So with the global and national economy in the dumps (temporarily) we see people shifting gears and holding onto coveted and valuable antiques and collectibles through the years. Although the buying and selling of these goods may have slowed, their values only increase. This is great news for the hobby collector and the pack rats. As the years go by, many items that we may have once taken for granted are becoming a growing gold mine.
And with that we conclude with “they don’t make ’em like they used to!” Keep on collecting, it’s a fun pastime where you can get the whole family involved with something they each enjoy and grow wealthy at the same time!