Posted by:
Paul Edwards
at Thu Jun 16 23:44:23 2005 [ Email Message ] [ Show All Posts by Paul Edwards ]
1) Supply and demand...the more demand, the less supply, the higher the price (which tends to build even further demand.
2)Rarity...what commands the highest prices in this world ? The rarer things...like Michael Jordans ability to play basketball - very rare to be anywhere near that good, hence the high salarie. Diamonds are more rare then granite so it commands a higher price. How many of (you name the morph) have been found in the wild - only one in a lot of cases, only a few in others.
3)Perception...perception runs our economy and it runs our markets here for us too...if we thought the world was coming to an end the stock market would crash again. It's all about perception and which way people think something will go, like the prices of pork bellies due to the fact that there was record rain fall in Iowa this year for example. Or Piebald futures for example. If the morph buyers out there think something is worth $35,000 and it will be a good investment, then it keeps the price up because someone's paid it, and if someone paid it, maybe they know something I don't. In the end though what it's worth is what someone is willing to pay for it. But that is a "perception", someones opinion, or maybe we can call it a market speculation...a lot of this is highly speculation on a lot of peoples part. But just remember, if we don't like it, we can go back to $35 corn snakes !
Paul Edwards
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