Risk to GB? Market change? (1 Viewer)

[bentax1978]

If you factor in the value of your time, this is also a negitive ROI venture.

I thought about the above as I finally got around to cleaning and oiling the (300) Nooksack $5 chips that will finally get put in play next week. I thought about what a great deal I got on them (thanks!), but then remembered why I swore I'd never buy casino used chips again

 

[timinater]

Anyway, if you host a home game in which you are a winning player, you could look at those winnings as a profit generated in part from your chips! ;^)

I'm going back on this. I think the chips are more like the stock exchange in this analogy. They just keep track of the wins and losses.

 

[surferb]

Lots of feedback on my usage of "investment" versus "collectible". Lots of words put into my mouth from several responses about it being a financial investment. I never was trying to make money with chips. It's not a business or "investment" to me in strict terms. However, as I began to spend more money in the hobby, greatly surpassing the point of what I "need" to play with, the "collectability" becomes a concern. That's how I justify (to myself) spending way more than the chips are inherently "worth". My expectation has been that a strong secondary market exists for trading/reselling. I'd buy a set of two at current prices to play with, then beyond that, the value plays into collectability...for me at least.

I remember seeing a post on how the owner considered that he "borrowed" high end chips.

Real question was about the strength of the community wrt group buys. I perceived it as more solid before and am not getting a good feeling with the recent posts.

Chip sets are a shitty financial investment. If you go into it with the expectation to gain a positive ROI, you are foolish.

 

[Taghkanic]

Still wondering what precipitated this whole thread.

 

[pltrgyst]

Still wondering what precipitated this whole thread.

I hear it was either:

a) Amazon's purchase of Whole Foods, or

b) Tommy's buying ad time for PCF on the Super Bowl.

 

[Taghkanic]

b) Tommy's buying ad time for PCF on the Super Bowl.

Will the ad involve cartoon animals?

 

[BGinGA]

I remember seeing a post on how the owner considered that he "borrowed" high end chips.

That was probably me, although I'm not the only proponent of viewing chips as being 'leased' or 'rented' in terms of long-term personal cost of set ownership, which tends to be very low if at all.

Real question was about the strength of the community wrt group buys. I perceived it as more solid before and am not getting a good feeling with the recent posts.

There will always be a market for high-end (and mid-range to high-end) poker chip sets. New chippers, old chippers upgrading sets, old high-end collectors with changing tastes, etc. The cycle goes on and on, and adding new chips to the market is part of the engine that makes it so.

Only a major recession (or individually, changes in personal disposable income) really has any major effect on the market in general.

 

[Sprinsd]

The cycle goes on and on, and adding new chips to the market is part of the engine that makes it so.

Was there any sort of verbal agreement between GB members that they would not sell to other PCF members until a certain date or something like that? It’s odd not a single set has been posted on the classifieds. I’ve had a Wanted add up for a while with not a single nibble...

 

[BGinGA]

Was there any sort of verbal agreement between GB members that they would not sell to other PCF members until a certain date or something like that? It’s odd not a single set has been posted on the classifieds. I’ve had a Wanted add up for a while with not a single nibble...

With a very few exceptions, I think most participants ordered reasonably-size sets that they planned on keeping, but not huge amounts of excess chips. There was a general understanding that after 1-Jan-2018, any disclosure/sale/discussion/whatever was totally up to each individual. Even prior to that date, some people were actively trading or selling chips, because there was no hard agreement.

Given that public disclosure didn't really occur until about a week ago, it's not surprising (to me, anyway) that no sets have been offered for sale...... yet.

Even those potentially interested in selling (and I have no idea who or how many may fall into that category) may be concerned about the backlash from posting a wts ad, given the current climate. I've not privy to any specifics, but there have been several posts in the past week alluding to offers being extended to members for purchasing chips.

I'm sure that some chips will eventually be offered for sale, but I have no idea what or when.

 

[legend672]

I would of also liked to be included in the GB that was kept secret. Just note that being left out sucks.

I keep thinking of Great Britain when I see GB.

 

[JoeBGo]

I think the real question here is, how in the hell do we convince GPI to re-enter the home market? Someone has to have a contact over there that’s willing to entertain the idea?

 

[AK Chip]

I think the real question here is, how in the hell do we convince GPI to re-enter the home market? Someone has to have a contact over there that’s willing to entertain the idea?

I have no idea but they could make a lot of money if they priced them in the same range as the secondary chips from the Horseshoe sales.

 

[Wils]

I think the real question here is, how in the hell do we convince GPI to re-enter the home market?

I think the answer is, "you couldn't before and you can't now."

Edit: rest of post removed for just recycling stuff