[meteorite-list] The Market Market (not Eric's site).
From: Bill Mason III <bmason3_at_meteoritecentral.com>
Date: Thu Apr 22 10:00:04 2004 Message-ID: <000b01c220bd$d2616060$0c02a8c0_at_WorkGroup> This is a multi-part message in MIME format. ------=_NextPart_000_0008_01C22083.25C70600 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Aaaaaaaaaaaaaa and the light shines and the truth of supply and = demand,passion and spare cash reveal life and reality. Mason=20 ----- Original Message -----=20 From: Walter Branch=20 To: Meteorite-list_at_meteoritecentral.com=20 Sent: Sunday, June 30, 2002 7:12 PM Subject: [meteorite-list] The Market Market (not Eric's site). Everyone, The meteorite market IS in ruin! I had 6 great meteorite specimens go = off auction tonight and I only got $429.00 for my meteorites. The = market is just in ruin (sniff, sniff). But Walter, couldn't it be that since market forces determine the = actual prices of goods, the free market economic system was just telling = you how much your meteorites were worth, regardless of how much you = thought they were worth? No. Those meteorites were worth far more than the final bid price. I = know. Well Walt, could it be that you simply made a bad business decision, = an error in judgment perhaps. When you originally bought the = meteorites, could you have overpaid to begin with, and then you expect = everyone else to do the same? No. I take no responsibility. It's the market. It's the buyers. = They really don't know a good deal when they see one. Besides, they = really don't appreciate meteorites anyway unless they buy expensive ones = from me, which in doing so proves they are knowledgeable and serious = about their collecting. But Walt, might it also be that the US economy and indeed, economies = worldwide are in a recession/depression. People are being laid off by = the thousands. I mean, lets face it, meteorites are a discretionary = expenditure. You can't pay your mortgage with them, you can't eat them = (though there are rumors....), and they won't buy clothes for you kids. = Those things come first, right. No. If people don't pay what I think they are worth then they just = aren't serious collectors and that's what is important. But Walt, you have bid on auctions with a low ball bid and won. By = doing so, aren't you contributing to the market's ruin? No. It's okay for me to buy low and sell (really) high but when = others try to buy low or balk at paying high prices they are just = ruining the market. (sigh) Okay. Well, just try to console yourself with the knowledge = that in a discretionary market, it's buyers who dictate the prices at = which goods are sold, not sellers. The only thing about buyers is, they = don't band together as a group and refuse to pay what they feel are = excessive prices for goods they really don't need but desire. There = will always be a few individual who will be willing to pay excessive = prices which tend to keep prices high for everyone. =20 Hey. You know, I feel better already! -Walter ----------------------------------------------- Walter Branch, Ph.D. Branch Meteorites 322 Stephenson Ave., Suite B Savannah, GA 31405 USA www.branchmeteorites.com ------=_NextPart_000_0008_01C22083.25C70600 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2>Aaaaaaaaaaaaaa and the light shines and = the truth=20 of supply and demand,passion and spare cash reveal life and=20 reality. Mason </FONT></DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dbranchw_at_bellsouth.net = href=3D"mailto:branchw_at_bellsouth.net">Walter=20 Branch</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20 title=3DMeteorite-list_at_meteoritecentral.com=20 = href=3D"mailto:Meteorite-list_at_meteoritecentral.com">Meteorite-list@meteor= itecentral.com</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, June 30, 2002 = 7:12 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [meteorite-list] The = Market=20 Market (not Eric's site).</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2>Everyone,</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>The meteorite market IS in = ruin! I had 6=20 great meteorite specimens go off auction tonight and I only got = $429.00 for my=20 meteorites. The market is just in ruin (sniff, = sniff).</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><EM><FONT face=3DArial size=3D2>But Walter, couldn't it be that = since market=20 forces determine the actual prices of goods, the free market economic = system=20 was just telling you how much your meteorites were worth, regardless = of how=20 much you thought they were worth?</FONT></EM></DIV> <DIV><EM><FONT face=3DArial size=3D2></FONT></EM> </DIV> <DIV><FONT face=3DArial size=3D2>No. Those meteorites were worth = far more=20 than the final bid price. I know.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><EM><FONT face=3DArial size=3D2>Well Walt, could it be that you = simply made a=20 bad business decision, an error in judgment perhaps. When you = originally=20 bought the meteorites, could you have overpaid to begin with, and then = you=20 expect everyone else to do the same?</FONT></EM></DIV> <DIV><EM><FONT face=3DArial size=3D2></FONT></EM> </DIV> <DIV><FONT face=3DArial size=3D2>No. I take no = responsibility. It's=20 the market. It's the buyers. They really don't know a good = deal=20 when they see one. Besides, they really don't appreciate = meteorites=20 anyway unless they buy expensive ones from me, which in doing so = proves=20 they are knowledgeable and serious about their = collecting.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><EM>But Walt, might it also be that = the US=20 economy and indeed, economies worldwide are in a = recession/depression. =20 People are being laid off by the thousands. I mean, lets face it, = meteorites=20 are a discretionary expenditure. You can't pay your mortgage = with them,=20 you can't eat them (though there are rumors....), and they won't buy = clothes=20 for you kids. Those things come first, right.</EM></FONT></DIV> <DIV><FONT face=3DArial size=3D2><EM></EM></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>No. If people don't pay what I = think they=20 are worth then they just aren't serious collectors and that's what is=20 important.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><EM>But Walt, you have bid on = auctions with a low=20 ball bid and won. By doing so, aren't you contributing to the = market's=20 ruin?</EM></FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>No. It's okay for me to buy low = and sell=20 (really) high but when others try to buy low or balk at paying = high=20 prices they are just ruining the market.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><EM>(sigh) Okay. Well, just try = to console=20 yourself with the knowledge that in a discretionary market, = it's buyers=20 who dictate the prices at which goods are sold, not sellers. The = only=20 thing about buyers is, they don't band together as a group and = refuse to=20 pay what they feel are excessive prices for goods they really don't = need but=20 desire. There will always be a few individual who will be = willing to pay=20 excessive prices which tend to keep prices high for=20 everyone. </EM></FONT></DIV> <DIV><FONT face=3DArial size=3D2><EM></EM></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Hey. You know, I feel better=20 already!</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>-Walter</DIV> <DIV><BR>-----------------------------------------------<BR>Walter = Branch,=20 Ph.D.<BR>Branch Meteorites<BR>322 Stephenson Ave., Suite = B<BR>Savannah,=20 GA 31405 USA<BR><A=20 = href=3D"http://www.branchmeteorites.com">www.branchmeteorites.com</A></FO= NT></DIV></BLOCKQUOTE></BODY></HTML> ------=_NextPart_000_0008_01C22083.25C70600-- Received on Mon 01 Jul 2002 01:11:56 AM PDT |
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