[meteorite-list] Meteorite prices as a gauge of economic health

From: Matson, Rob D. <ROBERT.D.MATSON_at_meteoritecentral.com>
Date: Tue, 23 Dec 2014 19:29:38 +0000
Message-ID: <4A4FA25E4DFE584AA580F4F069F9B4407C2BAEFD_at_EMP-EXMR104.corp.leidos.com>

To make this discussion a little more meteorite-specific, in a truly healthy economy
meteorites could not be purchased for the low prices they currently command. The
economy is doing fine if your gauge of the economy is the stock market. If
you're wealthy, you're probably having a good year. But if you're right out of
college any time in the last five years, you are probably not doing so well.

GDP growth was 5% for the 3rd quarter -- not for the year. It remains to be seen
whether that admittedly impressive level is sustained. A few other factors to keep
in mind. The stock market and most commodities are priced in dollars; what
happens to the price of stocks when the dollar falls in value? Another sign of a
struggling economy is the ratio of the price of platinum to the price of gold. Mined
platinum is far rarer and more valuable to industry than gold. It is also more expensive
to extract, and is mined in far fewer places in the world than is gold. (South Africa
accounts for over 70% of annual production; no one country accounts for more than
~15% of gold production.) Gold is perceived as a safe haven and a hedge against
inflation or recession; platinum, by contrast, is sensitive to economic cycles, precisely
because of its heavy use in industry (e.g. automobiles). When economic times are
bad, the price of platinum can fall as low as gold, or even below it (as it did for most
of 2012). As recently as last week, gold and platinum were at parity, which is a sign
of questionable economic health. As proof, this latest GDP number has given
platinum a boost, but done nothing to the price of gold. Compare here:

http://www.kitco.com/charts/livegold.html
http://www.kitco.com/charts/liveplatinum.html

The graphs are virtually identical up until 6 hours ago.

As for the unemployment rate, you are referring to the commonly reported U3
number which does not include people who have given up looking for work, but
*does* include people who work part-time (not by choice) as little as one hour
a week. The U6 number is more representative of the true employment
situation, and while it has been falling since 2010, the U6 number was lower
from 1994 all the way until late 2008. --Rob


-----Original Message-----
From: Meteorite-list [mailto:meteorite-list-bounces at meteoritecentral.com] On Behalf Of Raremeteorites via Meteorite-list
Sent: Tuesday, December 23, 2014 10:26 AM
To: meteorite-list at meteoritecentral.com
Subject: Re: [meteorite-list] Most expensive watches of the year -Meteoritewatch priced over 4M.

Simply ask how many people are better off these days. Nearly 50% of the houses in my neighborhood are vacant and remain on the market. In a booming economy these houses would be occupied! I do not listen to false reports and twisted numbers. I observe what is really happening.

Adam

----- Original Message -----
From: "Michael Farmer" <mike at meteoriteguy.com>
To: "Raremeteorites" <raremeteorites at centurylink.net>
Cc: <meteorite-list at meteoritecentral.com>
Sent: Tuesday, December 23, 2014 10:15 AM
Subject: Re: [meteorite-list] Most expensive watches of the year -Meteoritewatch priced over 4M.


Poor economy? Stock market crashing through record highs, GDP growth of 5% this year, best since 2003, fuel prices collapsing, unemployment rate lowest in 10 years.
What planet are you living on?
Turn off Fox News.


Michael Farmer

> On Dec 23, 2014, at 10:49 AM, Raremeteorites via Meteorite-list
> <meteorite-list at meteoritecentral.com> wrote:
>
> Yes, I have witnessed or heard first-hand of this type of greed and
> lack of respect for others honest work for decades. It only seems to
> be getting worse accelerated by a poor economy. This watch company is
> just an example on the high-end of the spectrum. One of my friends,
> who was working on a survey vessel, witnessed a seaplane wreck on Lake
> Washington and rerouted it to the rescue. Inside the wreckage was
> none other than John Nordstrom who was more concerned with salvaging
> his briefcase than rescuing his wife. I will not let my wife buy her
> shoes or boots from Nordstrom's knowing how unsavory they are.
>
> On the other end, I have given people the opportunity to make an
> honest dollar several times but it never ceases to amaze me how
> quickly they burn out from a little bit of hard work and try to find
> shortcuts (entitlements and outright stealing). Plagiarism and theft are one and the same as far
> as I am concerned. In the once fine,avocation of meteorite collecting,
> piggy-backing, plagiarism, lack of honoring commitments, material
> swapping and theft have become all too common for my tastes.
>
> I could write a book on the subject but feel it would be better to
> focus on other pursuits.
>
> Adam
>
>
>
>
> ----- Original Message ----- From: "Count Deiro"
> <countdeiro at earthlink.net>
> To: "Raremeteorites" <raremeteorites at centurylink.net>;
> <meteorite-list at meteoritecentral.com>
> Sent: Monday, December 22, 2014 11:16 PM
> Subject: Re: [meteorite-list] Most expensive watches of the year
> -Meteoritewatch priced over 4M.
>
>
>
>
> I can confirm what Adam has related. The "Ambassador" slice encased in
> it's cutting edge engineered, airtight portal was, for a short time,
> the most extraordinary object entrusted to me, The piece was perfect
> in every presentation. He who designed the portal was a genius and
> what was presented and contained within was the most intensely
> recognizable, inspiriring slice of the Moon I will ever see in my
> life. To hold it in my arms and gaze at this enormoous, unblemished,
> priceless, celestial object was akin to having a sexual experience.
>
> The idiots who didn't have the education, intellect, or sensitivity to
> realize what they were trying to steal from Adam will remain just
> that....idiots.
>
> Seasons Greetings to all,
>
> Count Deiro
> Imca 3536 MetCom
>
> -----Original Message-----
>> From: Raremeteorites via Meteorite-list
>> <meteorite-list at meteoritecentral.com>
>> Sent: Dec 22, 2014 8:31 PM
>> To: meteorite-list at meteoritecentral.com
>> Subject: Re: [meteorite-list] Most expensive watches of the year -
>> Meteoritewatch priced over 4M.
>>
>> Yes, I proposed the idea to Louis Moinet about a watch with a lunar
>> face using NWA 5000 which actually looks like the Moon. They copied
>> my Jules Verne portal design and name after I provided them with
>> images of the first slice of NWA 5000. The first complete slice of NW
>> 5000 was mounted in a custom machined case which looked like a
>> portal. I renamed the piece from the "Jules Verne Slice" to the
>> "Ambassador Slice" after being plagiarized by this watch company.
>> They named their first lunar watch the "Jules Verne"
>> and even had a mini-portal in the side of it to view a tiny cheap
>> piece of a Dhofar lunar meteorite.
>>
>> Dhofar lunar specimens were the least expensive at the time and yet
>> they want millions of dollars for the watches.
>>
>> How original?
>>
>> Adam
>>
>>
>>
>>
>>
>> ----- Original Message ----- From: "Shawn Alan via Meteorite-list"
>> <meteorite-list at meteoritecentral.com>
>> To: "Meteorite Central" <meteorite-list at meteoritecentral.com>
>> Sent: Monday, December 22, 2014 6:43 PM
>> Subject: [meteorite-list] Most expensive watches of the year -
>> Meteoritewatch priced over 4M.
>>
>>
>>> Hello Listers
>>>
>>> For those of you looking for the must have item for Xmas, look no
>>> further (:
>>>
>>> Enjoy
>>>
>>> Shawn Alan
>>> IMCA 1633
>>> ebay store http://www.ebay.com/sch/imca1633ny/m.html
>>> Website http://meteoritefalls.com
>>>
>>>
>>> Most expensive watches of the year
>>>
>>> "THERE'S NOTHING that conveys your financial status more than what
>>> you wear on your wrist. The world of luxurious timepieces has
>>> expanded in recent times as technology, innovation and ornamentation
>>> combine to produce watches that are truly unique and spell class and
>>> elegance apart from money. Notably, the brand that features the most
>>> is Patek Phillippe, but not as number one. Venture Capital Post has
>>> listed the 10 most expensive watches sold across the globe in 2014:
>>>
>>> *** Louis Moinet
>>> Meteoris watch: The history attached to this watch is what makes it
>>> so valuable. Designer Moinet decided to use pieces of meteorites to
>>> make a set of watches. He collaborated with meteorite hunter Luc
>>> Labenne to collect pieces from the moon, a Mars meteorite and an
>>> asteroid. The result was the creation of four extremely rare
>>> tourbillon watches worth over $4.5 million each."
>>>
>>> Source:
>>> http://www.financialexpress.com/article/personal-finance/most-expens
>>> ive-watches-of-the-year/21606/
>>> ______________________________________________
>>>
>>> Visit the Archives at http://www.meteorite-list-archives.com
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>>
>>
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>>
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>
>
>
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Received on Tue 23 Dec 2014 02:29:38 PM PST