As ALWAYS... Wayne IS Right PLUS Porsche market is unique due to the fact that is it worldwide and Long Hoods are rusting away FOREVER !!!...
... and for living I am working with many investors that buying assets like no tomorrow... just saying...
PS:
I hope all you noticed this thread started with car that has been SOLD for...
Winning bid:US $132,500.00 [ 43 bids ]
Quote:
Originally Posted by Wayne at Pelican Parts
I've mentioned this before in posts, and it's just my opinion, but I think that inflation is here and active in the high end of almost all collectible markets. With the stock market at all time highs (due to cheap money floating around), and banks actually charging people to store their money (see article Friday in WSJ), there's no incentive to "save" money via traditional channels (interest bearing accounts, bonds, etc.). So, this money has to go somewhere. So, people with money appear to be purchasing hard assets (cars, art, real estate) which is then pushing prices higher every day. I've been buying cars now heavily for the past 5 years because I thought they were better investments than the stock market or bonds, etc. I've also bought some real estate. The mantra is to borrow as much as you can at low *fixed* rates these days, as the impending inflation is coming soon. There's all this talk about deflation, and the like, but the fact of the matter is that the money supply has been expanded significantly, and there's more money now chasing a fixed number of assets. That is why, in my opinion, we've seen such gains in the car market. It's a neat asset that is appreciating, and it's way more fun to own than stocks or bonds! 
-Wayne |