[meteorite-list] Effect of fall of dollar against Euro/ dirham's

From: Andreas Gren <info_at_meteoritecentral.com>
Date: Tue, 8 Apr 2008 17:18:41 +0200
Message-ID: <z026e0k38F9wVS.RZmta_at_mo-p07-ob.rzone.de>

Because the European dealers have had and did lower their prices to stay in
business .

Andi


-----Urspr?ngliche Nachricht-----
Von: meteorite-list-bounces at meteoritecentral.com
[mailto:meteorite-list-bounces at meteoritecentral.com] Im Auftrag von Michael
L Blood
Gesendet: Dienstag, 8. April 2008 16:44
An: habibi abdelaziz; Meteorite List
Betreff: Re: [meteorite-list] Effect of fall of dollar against Euro/
dirham's

on 4/8/08 6:44 AM, habibi abdelaziz at azizhabibi at yahoo.com wrote:
> let's hope the dollar will be back high , if not and the trend of the
dollar
> continue this way ; we will have a closed market in nwa.or an expenssive
> meteorite market.
Hi Aziz,
        We have a strange shift going on in the US. The Republican Party
Used to stand for "conservative" economic spending by the government
And the Democratic Party had a reputation of "tax and spend" on social
Programs. However, the past 15 years everything is turning upside down.
Clinton brought the national debt down to "only" 1 trillion $(from a
previous 4 when he took office). That made the dollar strong. However, we
have had someone who was supposed to be a "conservative" drive up the
national debt to over 7 TRILLION Dollars over the last 7 years, and the
result is a very weak dollar. (this is quite easily accomplished when you
cut taxes and expand spending) So much for "small government" - though
We do "hire out" for some of the more important functions.
        Unfortunately, your comment about what will happen if the dollar
Does not get stronger has already happened. It was plain as day at the
Last Tucson Show. Prices were the highest I have ever seen since the
Flood of African material started. Prices on much of the historic material
was actually higher than before the NWA flood and, of course, the NWA
Material is at an all time low in volume and high in prices.
        Someone actually complained that my auction was "ruined" because
So many dealers were buying so much (actually, only about 30%) that
They were outbidding collectors. The difference was that the dealers SEE
What is happening - and when things are "cheaper" at the auction than can
Be had "wholesale" they have to bid on it. Clearly, many collectors are in
denial and just don't accept that market prices bottomed out 2 years ago
And have been on the climb and that cline has steepened the last year
Quite a bit. Before long, I don't think anything will be available "cheaper"
Than it was at the height of the market 7 or 8 years ago. Of course, bread,
Butter, rent and certainly gas are not nearly as cheap as they were 8 years
Ago, either.
        I just hope Clinton wasn't a one time aberration and at least one of
the parties will be financially conservative! If the government wants to
Spend $ they will have to tax to pay for it - or, do what they have done the
Last 7 years and just print more, which MUST result in a decline in the
Value of the dollar. You can't have it both ways - they have been acting
like a 15 year old with a credit card.
        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.
        Any Europeans out there got an answer?
        Best wishes, Michael

 

'Your living is determined not so much by what life brings to you as by the
attitude you bring to life; not so much by what happens to you as by the way
your mind looks at what happens.' --Kahlil Gibran





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Received on Tue 08 Apr 2008 11:18:41 AM PDT