sam_m
Well-known
Wait, so how much is my M8 worth now????
Used M8 prices getting very attractive?
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yanidel
Well-known
See, two seconds later .... capitalism is back 😉
Olsen
Well-known
Ah, in gold? Dollars? British Pounds...? It's worth a lot. You can't have a 2.hand here in Norway for less than 24.000 NOK, that's 4,000 $. That equals 27,58 barrels of crude oil, Brent Blend. That will keep your SUV running for a year. Or three lorries full of scrap metal. Where do you want it delivered?
kevin m
Veteran
Yeah, our master of the universe financial buccaneers become socialists really quickly once their schemes unravel, don't they? Then, suddenly, "we're all in this together" and taxpayer money comes to the rescue.
You can't believe how much pressure there was to take one of these bogus home mortgage "products" in the last decade in this country. No money down. Interest only payments. Adjustable rate mortgages with "teaser" introductory rates. And they absolutely preyed on those financially less savvy.
And speaking of "products," don't you love when people who don't actually make anything appropriate the language of an earlier, more productive era. But what's a grown man to do in a country that's outsourced all its real industry to China? 🙁
jaapv
RFF Sponsoring Member.
Please correct me if I am wrong - But I thought this was a photographic forum that has something to do with a camera called the Leica M8 😕😕🙄
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pphuang
brain drain...
You are correct. My apologies for the indiscretion...
BTW, I still think the M8 is too expensive 😀
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jaapv
RFF Sponsoring Member.
Expensive - well, it is just a small part of the equation:
Camera: 5000 Euro
3 lenses 10.000 Euro
Computer 1250 Euro (you need a fairly hefty one for Photoshop)
Monitor 1200 Euro (for instance an Eizo)
Software 1000 Euro (CS3 and plugins)
Printer 800 Euro
Accessories 1250 Euro (Tripod,batteries,Sd cards,paper,inks, camerabags, screen calibrator,etc...)
So what is 1000 Euro more or less?...😛
Camera: 5000 Euro
3 lenses 10.000 Euro
Computer 1250 Euro (you need a fairly hefty one for Photoshop)
Monitor 1200 Euro (for instance an Eizo)
Software 1000 Euro (CS3 and plugins)
Printer 800 Euro
Accessories 1250 Euro (Tripod,batteries,Sd cards,paper,inks, camerabags, screen calibrator,etc...)
So what is 1000 Euro more or less?...😛
kevin m
Veteran
OK. You're wrong. People wander off topic from time to time. That's the way it goes.
tomasis
Well-known
rxmd
May contain traces of nut
Easy. Hyperinflation in Germany lasted for a few months between 1922 and 1923. As long as you bought anything non-perishable for that period, your wealth would have been safe, no matter whether it would have been dollars, pounds, francs, guns, bricks, gold, a house, antique paintings, boxes of cigarettes, whatever. The only thing you mustn't do back then was keep around wads of bank notes.
That may actually not be transferable to 2008 (but why bring up the example, if one thought it wasn't transferable to anything?)
What I do notice, though, is that in the US general public there is currently a certain tendency to panic, and that some of the panickers, as panicking people generally do, claim that they are the only prudent ones and that everybody else is swallowing the propaganda hook, line and sinker. In general this tends to lead to rather unrewarding discourse.
If there's nothing left to buy it with, there's also nothing left to sell it for. In this case inflation is actually the least of your worries.
There's no problem imagining a fictional world where there's only, say, cans of Campbell soup and bricks of gold. People might think gold is a great investment, so brick-per-can exchange rate rises (the bubble); then they find they can't eat it, and the gold price drops again (the bubble bursts).
Either you can exchange gold for something, or you can't. If you can't, gold is utterly useless (because there's very little that you can actually do with gold, if you're not into engineering.) If you can, your gold can be in a bubble.
Personally I don't care much about money anyway. My head, knowledge and experience is worth more than all the assets I hold put together. To protect myself from the effects of inflation, this is better than any gold brick.
Philipp
user237428934
User deletion pending
Hm. You have too much money. My "Low tech" calculation:
Camera: 3995 Euro at the moment in Germany
3 CV lenses: 1200 Euro
Computer 1300 Euro (iMac incl. Monitor)
Software 400 Euro (Lightroom + PS Elements)
Printer 300 Euro (A4 is enough for me)
Accesories 400 Euro
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tomasis
Well-known
as you calculated, m8 is only 50% of whole equipment price. Computers, hardwares, softwares have to be upgraded whole time. Colors, papers are not cheap for printing. I think M8 users have some sense not to upgrade every time as Canon users of Rebell XTI for single extra feature 🙂
Olsen
Well-known
This is very true. To develop a new camera with a new sensor that 'can do it all' is so expensive that; 'just forget it'. The question is the Leica managment must ask themselves is: 'how good a M camera can we deliver to a price that the market is willing to pay'. They asked this question to themselves before launching M8, I am sure, but failed to foresee the fall of the dollar...
Krosya
Konicaze
What about in Heroin? I was watching National geographic and they had a story on Heroin - how Oslo now is a heroin capital of Europe. So how much Heroin one can get for a used M8? 😉
here is an article too:
http://www2.hs.fi/english/archive/news.asp?id=20020812IE4
jaapv
RFF Sponsoring Member.
Hmm. looking at this you probably have more money left than I...🙄
I was not quite describing my system, just a typical one. I could, of course, have said: one lens in cigar box: 10.000 Euro.😀
The point of the Leica M8 is that it does take out beloved Leica lenses. Used ones can go as low as 300 Euro, and the Noctilux Special, as I said, up to 10.000.
I guess the fairest comparison would be the Elmarit asph 28, Summarit /35 and Summarit 75. which means 3750 Euro. In fact, you are saying the same thing I am, the price of the M8 seems to be fair and a large part of the cost of the system comes from other sources.
Btw, two batteries, a decent tripod+ballhead, flash , one UV/IR filter, polfilter/Leicagoodies adapter and bag cannot be had for 400 Euro. More like 1250.
iridium7777
Established
that was exactly my point, if we get to that time and place having gold bars won't help you any. buy guns and ammo.
Olsen
Well-known
The link you found leads to an article which is 6 years old. Although, things arn't so bad anymore (no of deaths etc.), Oslo can still be called 'the Heroin Capital of Europe'. I have pointed to this at earlier posts, if you have noticed. Even the sister of our prime minister is an ex. heroin addict. Although heroin is traded a few blocks from where I live, - all around the city, really, I have no idea of the street value of the white powder. But I would guess that a 2.hand M8 is worth 20 - 25 user dozes, - about.
