$9 Trillion Pulled From Stock Market

Don’t let the talk of the recession put a cloud over our head regarding the future of knife collecting or declining knife values.

dowjonesConsider this- E*Trade reports at the end of 2008, cash in money markets and bank accounts reached right at $9 Trillion. You read that right, that’s TRILLION with a “T.”

Just think of all those investors who are now looking for another place to park some of those dollars. Plus, though I am not an economist- just a knife collector, we know we will have tremendous inflationary pressure as we begin to come out of this slump, knives can be a tremendous hedge against inflation.

On a related note- The results of the 2009 Knife Community Survey confirm, close to 50% of knife collectors are new collectors- close to 30% have only collected less than 2 years. I’m preparing the report on the survey now, but you will also be surprised to learn, close to 50% of the collectors are under 25 years old. These two stats provide a very healthy future for our wonderful hobby and it flies in the face of the belief that the vast majority of collectors are 50+ years old- that simply isn’t true.

Our hobby is very alive and well, I’m glad to report. Now all we need to do is tap a few hundredths of a point of the $9 Trillion and funnel it our way.

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Published in: on April 22, 2009 at 9:31 am  Leave a Comment  
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