On the comments on why the Europeans have not picked up too much slack
that resulted from the erosion of US buying power:
Dear Listees,
Just a stab, but the European (Franco-Germanic) buying culture seems
much less speculative (more conservative) than the corresponding
American (Las Vegas) buying culture. When the pressure is put on the
speculators in any market, sales tend to get sluggish as no one wants
to take paper losses and the market simply looses its momentum.
The situation I see is that a few grams (or disturbingly, milligrams)
weekly are used as price benchmarks for tons of material, and in plenty
of cases in sales to buyers who are not "market-savvy". The nice man
(or lady) that sells you the piece claims that it is worth millions -
just trust them and appeals to our love of space and astronomy (how
could we possibly say no?!). How is that for investment advice?
In such overall economic slowdowns, situations price normally
re-adjusts lower and the demand picks up, people grumble a bit, some
get caught with their pants down, some new ones appear who are better
suited, and everyone remaining gets back to figuring how to make money.
But since meteorites are so far from being a perfect market,
macroeconomics becomes a square peg in a round market.
So hopefully, everyone just relaxes and acquires whatever makes them
happy with offers they consider fair, and to relieve some pressures,
speculators avoid counting all their chickens before they hatch.
That's my stab at it. As meteorites are not an investment approved by
the Securities and Exchange commission, no 10-K or proxy statement is
in the works and it's still each man (and woman) for themself...
One thing is a safe bet: If you truly love meteorites, everything is
just fine. These are great times to be alive...
Best wishes and Great Health
Doug
-----Original Message-----
From: Greg Hupe <[EMAIL PROTECTED]>
To: Mark Crawford <[EMAIL PROTECTED]>
Cc: [email protected]
Sent: Tue, 8 Apr 2008 12:18 pm
Subject: Re: [meteorite-list] Effect of fall of dollar against Euro/
dirham's
Hi Mark,
Mark wrote:
"We're working on it, guys, we're working on it :)"
We definately appreciate it!! Thank you!
Best regards,
Greg
====================
Greg Hupe
The Hupe Collection
NaturesVault (eBay)
[EMAIL PROTECTED]
www.LunarRock.com
IMCA 3163
====================
Click here for my current eBay auctions:
http://search.ebay.com/_W0QQsassZnaturesvault
----- Original Message ----- From: "Mark Crawford" <[EMAIL PROTECTED]>
To: "Greg Hupe" <[EMAIL PROTECTED]>
Cc: "Michael L Blood" <[EMAIL PROTECTED]>;
<[email protected]>
Sent: Tuesday, April 08, 2008 1:07 PM
Subject: Re: [meteorite-list] Effect of fall of dollar against Euro/
dirham's
We're working on it, guys, we're working on it :)
Greg Hupe wrote:
"What I don't understand is why there are not more Europeans buying
>> Meteorites from US dealers? With the Euro so strong against the
dollar, >> what
An opportunity."
I was thinking the same exact thing! With the Dollar so low and the
>> Moroccan "wholesale" pricing WAY, WAY high, any collectors outside
of the >> US buying meteorites priced in "US" Dollars are getting a
serious >> bargain, many serious bargains!!!
-- > Mark's Meteorite Pages: http://meteorites.cc
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