[meteorite-list] Tangible assets

From: Rob McCafferty <rob_mccafferty_at_meteoritecentral.com>
Date: Mon, 13 Oct 2008 16:04:23 -0700 (PDT)
Message-ID: <496658.93061.qm_at_web55202.mail.re4.yahoo.com>

I agree.
Meteorites are tangible and the market will recover at some point. Whatever their value in $/?/Y/Euro/etc following the recovery, meteorites will retain their market value.
A ?1000 piece of moon rock will be worth its equivalent, whether that is $10 or $100,000 following the recovery in much the same way gold would, I believe.

If I'd invested heavily in stocks and shares, I'd be pretty worried right now but my cash is in hard rock and while I wouldn't expect to be able to sell it right now I've been prudent enough (spending within my means) not to need to. I personally think that they're a good investment when it comes to retaining value.

Rob McC


--- On Mon, 10/13/08, Michael Farmer <meteoriteguy at yahoo.com> wrote:

> From: Michael Farmer <meteoriteguy at yahoo.com>
> Subject: Re: [meteorite-list] Tangible assets
> To: meteorite-list at meteoritecentral.com, "bill kies" <parkforestmet at hotmail.com>
> Date: Monday, October 13, 2008, 7:30 AM
> 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 07:04:23 PM PDT