[meteorite-list] Moroccan business meteorite is suffering

From: Adam Hupe <raremeteorites_at_meteoritecentral.com>
Date: Mon, 30 May 2011 12:00:43 -0700 (PDT)
Message-ID: <158194.90293.qm_at_web30707.mail.mud.yahoo.com>

Yes, most Moroccan dealers fail to realize the world economy is in the worst
downturn since the great depression and barely showing signs of recovery. For
example, they are stilling asking $10.00/gram for Eucrites when only $5.00/gram
can be realized on eBay, even after suffering a cutting loss. In the end, they
will find out how tough a market it really is. No amount of hype or press will
bring the prices up on the open market. It is a supply and demand issue. Maybe
once the stockpiles which are dwindling are exhausted the prices will go back
up. Until then, I will be purchasing older U.S. finds which are priced most
reasonably at a few dollars per gram.

Happy Hunting,

Adam
Received on Mon 30 May 2011 03:00:43 PM PDT