What are you saying? I said the price of high end equipment “is worth it” to “some” people. That simply implies that to “some” people, it is not.If the question was, is gold worth the money? Would your answer still be, to some it is?
In our global economy, value is determined by the market, not by one’s personal preferences.
If I choose to buy something or not, the value of that product does not change.
The point is hifi gear is worth it because a market exists for it.
Perhaps you would argue that you can walk into a store and bargain for a better price with the sales person. You walk out of the store with your purchase feeling good about making a great deal. Then you go online and see the average selling price for your purchase is exactly what you paid.
If you say, that product is not worth it to me. Again, that is a personal decision and does not affect market value. Now if no one is willing to purchase a particular product at a given price, then the market value must be adjusted. Turntables are a good example. By 2000 turntable values were at their lowest. Some great hifi turntables could be had for some bargain prices. These days turntables are more expensive than ever.
You ask me “if the question was, is gold worth the money?” What are you trying to say? I have no idea what my view that high end is worth the price to some (meaning not all) people has to do with the trading value of gold. Please explain your gold reference.
You then say that the high cost of high-end gear is worth it “because a market for it exists”.
The fact that “some” people are willing and able to spend large sums on gear, [some of which has been proven to be bettered by much less expensive equipment (see atmasphere #38 above)], doesn’t say that the high prices are justified, but perhaps suggests validity to those sayings of P.T. Barnum when he said “no man ever went broke overestimating the ignorance of the American public”, and “you can fool most of the people most of the time”.
Last edited: