CSX 4331 for $199,500

[REAL 1]

So then if Mr. Wheaton says what a willing buyer and a willing seller exchange at doesn't set the value of the item then perhaps he has a new definition of value? Please enlighten us.

If a person pays $10 for a $1 dollar bill, then that $1 dollar bill has a value of $10 to at least that person or perhaps that $1 bill has other intrinsic value such as being a $1 bill from JFK's wallet (assuming you could document it) as an example.

Original Cobras have trade up and down the scale as far as price over years. Now they're on a high.

Values of aluminum continuation Cobras have increased from 2000-2001 to present. Fact. Fact, they are difficult to find and there is a lengthly wait.

While some "people" choose to post pictures of crack addicts to express their "view of the value of the car", thats their view but unfortunately for them not the value of the car.

If the car previously sold for $170K the asking price is only 15% above its prevoius selling price. If the car doesn't fetch $200K then its not worth $200K. If it does, it is.

I do agree that values of continuaiton series will likely not soar like originals unless production stops on all or at least aluminum cars but regardless I'd rather have my money in a Shelby original or continuation series then a replica of a Shelby any day of the week.

[Chaplin]

Evan, of course, is like a moth to light, but I would be disappointed if it were otherwise.

But Wheaton does raise an interesting point regarding intrinsic value v. market value. Another example- If I am selling gold and the current market price of gold is $500/ounce, but someone pays me $600/ounce for the gold I'm selling, does that make the gold I sold worth $100 more an ounce than all the other gold out there, or is the buyer simply an idiot?

[REAL 1]

Maybe he knows something you don't. Like the market going to $700.00.

Market values are set by buyers and sellers. Sometimes it just takes one buyer/seller to set the market (other buyers and sellers) going.

If buyers are willing to pay $600.00 for $500.00 dollars worth of gold then that gold is now worth $600.00.

Intrinsic value is completely different from market value. Gold doesn't have an intrinic value it has a value set by the market. Otherwise it has no greater value then lead.

I didn't see JWheatons point as a good point.

Of course I saw my point as a good point though!

[JWheaton]

Originally Posted by REAL 1

Maybe he knows something you don't. Like the market going to $700.00.

Market values are set by buyers and sellers. Sometimes it just takes one buyer/seller to set the market (other buyers and sellers) going.

If buyers are willing to pay $600.00 for $500.00 dollars worth of gold then that gold is now worth $600.00.

Intrinsic value is completely different from market value. Gold doesn't have an intrinic value it has a value set by the market. Otherwise it has no greater value then lead.

I didn't see JWheatons point as a good point.

Of course I saw my point as a good point though!

Do you EVER see anyone else's point as good?

[Jamo]

Originally Posted by JWheaton

Do you EVER see anyone else's point as good?

Point made.

[REAL 1]

Originally Posted by JWheaton

Do you EVER see anyone else's point as good?

Answer: Around here?...about as often as they see my points as good.

[Chaplin]

Originally Posted by REAL 1

Answer: Around here?...about as often as they see my points as good.

Let us know next time you have a good one

[REAL 1]

Thats easy. Just look for my next one.