How to Avoid The Pump and Dump SCAM of the Collectibles Industry - Watch Before Your Next Purchase | PSM

The Sports Memorabilia and Collectibles industry has really just been astounding the last year or so. There have been tons and huge deals and the industry just seems to be booming with no signs in sight of slowing down, but with all that great news, comes some downsides as well.Today the huge downside that I'm talking about is the "Pump and Dump" scheme. Now you can see this scheme happen in literally any industry and in any market, and we are all kidding ourselves if we think this kind of market manipulation isn't happening in our very own hobby as well. So what should you do about it? How do you avoid it? You'll hear all those answers, and even how I fell victim to this trap once before, on today's Powers Sports Memorabilia Show!Link to Video Game manipulation video:https://www.youtube.com/watch?v=rvLFEh7V18A&t=5sWebsite: https://www.powerssportsmemorabilia.comInstagram: https://www.instagram.com/powersautographsFacebook: https://www.facebook.com/PowersCollectiblesTwitter: https://twitter.com/powerscoPodcast: https://powerssportsmemorabilia.buzzsprout.com/Want 20% off Sports Card Investors Market Movers software program?  Use my affiliate link below and code POWERS20https://www.sportscardinvestor.com/plans/?ref=49Need jerseys or photos for my upcoming autograph signings?  Fanatics has you covered.  Affiliate link below.If you choose to purchase anything from the above links, please know I may receive a small commission.  Only buy if you will truly use it and it fits into your budget.https://fanatics.ncw6.net/vnN0yj0:00 Coming Up0:31 Today's Topic3:19 How Do We Avoid This?3:31 Know The Background Of Info Source5:50 Lack Of Knowledge11:17 What Should We Do?11:24 Gain Knowledge Before Purchase14:33 Research, Research, Research16:55 Four Questions To Ask Yourself#powerssportsmemorabilia