Challenges of technology and Knife Collecting

The advantages of technology and, more particularly- the Web, to our hobby are tremendous. I see it everyday, both here and over at iKnifeCollector. In addition to allowing makers & collectors the ability to upload and respond to images and video, the Web allows us to span geographic boundaries- to connect, in a personal way.

Well, using technology has its pitfalls too. Bugs, server crashes, hacks, bankrupt providers, etc. Most of which are over our heads and out of our control, and are issues to dread.

Unfortunately, the Custom Knife Collectors Association recently experienced just such an issue with their forum.

forumcollageForums are online discussion areas where you can post and read messages from other users, usually in an organized thread layout.

Here’s what Kevin Jones, the CKCA President said about the interruption in service of their forum-

“…we have an issue with our forum causing a shutdown, from which we may not be able to recover.”

Talk about bad news.

The good news is they are already in the process of obtaining and setting up new v-bulletins forum software and should be up and running now.

What are you doing with your parked savings?

savingsratejune09Government reports have us substantially increasing our savings rate right now. Is that true? Probably. I don’t know about you but when parts of our financial system began collapsing back in Oct 08, I started pulling back and we are into this for what, 8 or 9 months now? So the question is- Where do you have your money parked? I’m talking about money set aside as savings.

Safety is one thing and overcautiousness is another. Now it is time to evaluate our investment options. Do you go back in the stock market? I don’t think we are out of the woods yet. Our banks are under tremendous strain from non-performing loans right now. One of our largest banks is on the verge of failing as we speak. Unemployment is going to continue to inch up at least for 6 more months. I could go on, but better stop here otherwise, I’ll get labeled as “gloom and doom.”

INVESTMENT OPTIONS

savingsA  financial advis0r is going to recommend diversifying your investment portfolio. Depending on your age and cash needs, some money is put in moderate to high risk investments, while other portions are more conservative investments.

The stock market is out for most folks because of its volatility right now, so what about CD’s (certificates of deposit)? Have you checked the rates lately? They are terrible. I’d only put short-term money in a CD right now.

Knives as Investments

voylesauction42dec08Let me ask, have you thought about stocking a portion of your savings into knives? No, I’m not talking about running out and buying $5000 of Spyderco or Benchmade over the counter knives. Instead, I’m talking about doing your homework and seeking out objective opinions from knowledgeable collectors and dealers as to which knives will hold up in tough times and likely increase over time. I’m not talking about a quick flip either.

Many folks caution us against buying knives as investments. I’ve read those opinions since I started collecting. Sure there is an element of risk associated with buying knives when seeking a return on those dollars, but I didn’t say bet your farm.

Another reason knives need looked at really hard right now is the increased likelihood that over the next year high quality knives will come into circulation as collectors reallocate their collections or sell-off knives that are outside the heart of their collection.

While my suggestion here is subject to pot shots, putting a portion of your mid-to-long term money in collectible knives just makes sense to me. If anyone is able to have a feel for which knives, makers or patterns “ought” to be the right choice- it is us. It’s not like someone told you to buy ink pens or glass bottles. After all, we are knife collectors.

Additional readings on the subject:

20 Investments: CollectiblesInvestment Grade Blades (Part 1)- Tactical diversity in your art portfolio.

Photo Credit: Bruce Voyles Auctions