[meteorite-list] Tangible assets

From: Darren Garrison <cynapse_at_meteoritecentral.com>
Date: Mon, 13 Oct 2008 02:01:57 -0400
Message-ID: <eso5f4t6s3gjfgdjna247rd8u4qbh4n9k3_at_4ax.com>

On Mon, 13 Oct 2008 00:48:12 -0500, you wrote:

>
>As rare as they are, the intrinsic value is only as great as the number of people that place a great esoteric value in them. That number dwindles when mortgages and savings crash.
>

Reminds me of an article on the stock market from yesterday:

http://www.foxnews.com/story/0,2933,436435,00.html

"It's in people's minds," Shiller explains. "We're just recording a measure of
what people think the stock market is worth. What the people who are willing to
trade today ? who are very, very few people ? are actually trading at. So we're
just extrapolating that and thinking, well, maybe that's what everyone thinks
it's worth."

Works the same way for meteorites, I'd say.
Received on Mon 13 Oct 2008 02:01:57 AM PDT