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21022736 No.21022736 [Reply] [Original]

>books are an appreciating asset that is safer than cash or the stock market
Is he right?
>>>/lit/16053124

>> No.21022883

>>21022736
E-books create infinite, free, extremely portable supply of any book. Their pricing is completely arbitrary and books would be worthless if left to a free market

>> No.21023546

>>21022883
meh people like to read physical books, they give them a special feel

>> No.21023582

>>21022736
They are niche collectors items and you need to keep them in a humidity controlled environment to make sure they don't degrade

>> No.21023615

>>21022736
No, it's not the middle age anymore.
I bought a kindle and illegally download all my books btw.

>> No.21023646

Might as well collect beanie babies

>> No.21024430

>>21022736
lmao no. Books depreciate like crazy, as soon as you buy it for $10 it's worth about $3. Only collectors care about them, and collectors are rarer by the day (meaning collectors are an appreciating asset, not books; conversely, the lack of collectors meaning more supply and less demand implies books depreciate even faster than they ought to). Moreover, only very specific books are worth anything, and only for pseudo-historical reasons. For example, original manuscripts have value, but random penguin prints have none.
Meanwhile, TSLA went up 5x this year alone, not to mention the countless pennies doing 1000x in a single day.
Stamps are a far better investment vehicle than books and still they're not very useful at all. Special-edition coins are a far surer bet: their value is at minimum the purchase price and will never go down, but if it is a limited edition coin, it will inevitably eventually turn rare, and thus gain significant value. In a long enough time or following a lucky enough event, a single penny coin can be worth a few hundred dollars. If you were immortal, a middle-age coin could be worth one hundred thousand to a million easily.

>> No.21024537

No but MtG, Pokemon and Yu-Gi-Oh cards are

>> No.21024630

>>21024537
Unironically true.

>> No.21024675

>>21022736
No. Some books age like shit and only very specific books become collectors items.

>> No.21024680
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21024680

>>21022736
He's right, but you NEED to know your products and their surrounding culture totally inside-out. While >>21022883 is also correct, the collector's market for physical copies (especially rare editions) is never going to go anywhere. There will always be a demand for physical media, if not as a purely reactionary one against the intangibility and fleeting nature of streaming.

People said the same to me - and still do - when buying rare records, cassettes and CDs which I then flip, sometimes immediately on discogs. If you know your products it's a very secure investment. I generally make anywhere from 1.10x to 3x profit on an item. The only downside is that it's difficult to predict when, if ever, they will sell.

>> No.21024730

>>21024675
If you know what to look for you can probably make some money frequenting yard sales or something to find semi rare books you can flip