jmackro
Well-Known Member
Store? I assume people invest in gold through an ETF, no need to store ingots.
Well, OK. Physical gold is cheaper to store than vintage cars, and ETF's are cheaper (and safer, absent a nuclear melt-down) to store than physical gold.
But back to cars: I have observed that many of the BaT auctions that I have followed for their entertainment value have ended with the reserve not met. So either the overall market is getting soft, or sellers have overly-optimistic views of their cars' values. In thinking about it, I suppose those two conditions are different ways of saying the same thing.