How Will the Current World Economic Crisis Affect Stamp Collecting?

No one can say.

It's a pretty safe bet that, as a general rule, people will be much more conservative in spending their money since the price of necessities such as food and gasoline has skyrocketed. High prices for necessities leave less money available for adding to stamp collections. And now, with the current stock market in turmoil and major banks failing and otherwise in financial trouble, the situation will only become worse.

But.

Collectible stamps can also be seen as a hedge against a falling stock market and rising prices for goods. They aren't as liquid as gold (which has seen a huge jump in its prices) but stamps - especially classic, vintage stamps - historically have risen in value over time. There are thousands of examples of stamps that are worth 10 or 20 or 100 times as much today as they were 20 or 30 years ago. These types of stamps can be considered an investment. And they're an investment that won't decline in value the way stocks or mutual funds will.

It's too soon to tell how the current global crisis will affect stamp collecting. But don't panic.