[meteorite-list] Tangible assets

From: Michael Farmer <meteoriteguy_at_meteoritecentral.com>
Date: Sun, 12 Oct 2008 23:30:28 -0700 (PDT)
Message-ID: <215588.62985.qm_at_web33104.mail.mud.yahoo.com>

This is true that meteorites might be low priority during hard times, however, a tangible asset is any object which can be held, enjoyed, and money can buy. I can see someone enjoying a rare artifact or meteorite a lot more than holding a wad of cash, not something you can look at and wonder about. Of course, if the world falls into utter chaos, then meteorites will be of low interest, however, that won't happen, and rare objects will always hold a value.
I tell you this, and all of you would likely agree, I have a large pallasite sitting on my desk, valued at over $25,000. I sure enjoy it, hold it, behold it, and wonder about it. Try that with a $25,000 papar that says you own 1000 shares of XYZ Wall Street financial company. Those can now be used as toilet paper, not much else. This meteorite will be here long after I am gone, in a musuem, or another private collection. It will always be something of interest. Hard times come and they go. Imagine if you had bought a Pasamonte stone in 1935 or so, that was during the dust bowl, and great depression, and people likely thought Nininger was a nut, paying money for black rocks! Well, those same stones now are worth thousands or tens of thousands each.
My money is one space rocks to outperform the DOW for the next 10 years or so. Now, if I had millions to spare.................. There are some beaten down stocks, but too risky these days.
Michael Farmer


--- On Sun, 10/12/08, bill kies <parkforestmet at hotmail.com> wrote:

> From: bill kies <parkforestmet at hotmail.com>
> Subject: [meteorite-list] Tangible assets
> To: meteorite-list at meteoritecentral.com
> Date: Sunday, October 12, 2008, 11:48 PM
> I don't see meteorites as a tangible asset. Tangible of
> course. Asset, iffy. Maybe it's because I don't have
> an enormous investment in them.
>
> 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.
>
>
> A commodity dedicated to the dedicated but never a safe
> harbor. Have fun and buy smart.
>
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Received on Mon 13 Oct 2008 02:30:28 AM PDT