The bailout bill fails, the stock market takes a big kick and drops -777.68 points today . The one good thing, is OIL dropped to around $95 a barrel. This price will keep going down and in return, people will have more money in their pocket to buy things.
Oil is king for the world. It drives prices for food way up, gas, clothes and on most things produced. As oil keeps going down and down, people will really start seeing savings. Who needs the bailout?
BTW, I hate politicians! I think they are crooked. They smile on TV, and when the camera goes off, the "donations" keep flowing in from companies they assist with bills and so on..
Just like these banks that are failing… It’s their fault. They loaned out money they never should of. Did you ever go and apply for a loan? They don’t care about your bills besides Credit Cards and Loans… They take how much you make, add in your credit card/loans out already and they give you a number… Do they care about the gas bill? Do they care about your food bill? Do they care about your health care bill? Do they care about home repairs? No!
To me, it’s like Banks live in a different world! Well, welcome to reality!
Many people are scared and many of those are domain owners. Right now the domain industry is a strong Buyer Market! Now is the time to find the deals that people are nearly giving away.
Pending Delete lists are looking stronger and stronger each day. People are holding back on Backorders. The auction aftermarket are getting loaded.
Offers coming in are slim, which is stirring the pot for these low prices. Really, it’s the domainers that are making the domain market soft right now. They are the ones sending these domains to auction at low prices. Offering at very low prices, accepting low offers etc.
This WILL turn around as soon as OIL levels out. The market will take care of itself as oil get’s back to what it should be. As oil get’s back to the $40-$50 range, it will be to late and the deals will all be gone in the domain industry. Alternative fuels are coming as well. Natural Gas is one of them. Cars DO and Can run on Natural Gas. Plus their is Lots of it.
Domains are like Gold, most just do not see that yet. Gold always goes up and people buy it as markets go down. The internet is like Gold, it’s here to stay! Without domain names, there is no internet!
The views and opinions expressed herein are those of the author
Damir
Jamie this is a GREAT post – You are COOL.
Domain names are in most aspects better than gold since their is ONLY one domain of a kind (lets say Mother.name) and the demand for it can be UNLIMITED which results that the domain name $ value goes UP.
Do not get me wrong Gold is very valuable but the supply of gold is not limited to one particular product.
Jamie is spot on – Domains are HOT
Oman
Oil is a limited resource, it will run out. Not good being dependent on that.
Ian
Yes and I agree that domain names are special because they are “one of a kind real estate destinations.” However, like anything else they go up and down in price based on demand (not so much supply because that is fixed.) Right now, that demand is going down and hurting domain sale prices!!! Hopefully, we can hang in there until things stabilize and money comes back to our industry.
The supply of Oil and Gold on the other hand is more variable, despite being limited natural resources. Oil may continue to trade lower but don’t count on it going down to $40 or $50. This would only happen if the US economy goes into a depression and the world economy into a recession, neither of which would be good for domain prices. Remember, the United States only accounts for 25% of global oil consumption and there is too much demand growth coming from India, China and other Emerging Markets to warrant a long term decline in the oil price. If anything, oil will trade to $150 and above that as China and India’s populations start to consume more and more like developed markets. This is going to choke our economy which is why we need to diversify away from Oil.
Gold is seen as a defensive play in tough times and it is interesting at the moment. If Congress passes this bill later this week watch out because I bet it will decline sharply.
I still believe that what will lead growth in the US and the World is investment in Renewable Energy, upgrades to infrastructure and conservation of natural resources. We are reaching a tipping point where population growth and development globally are putting huge strains on our environment and governments are responding with Clean Energy Tax Credits: solar, wind, geothermal, nuclear, etc.. And yes I believe T. Boone Pickens and his plan for Natural Gas vehicles will help us reduce our dependency on foreign oil and make us all safer which is why I have invested in domains that relate to the transformation of our energy sector. The Cap-n-Trade market system that both McCain and Obama support is going to guarantee this boom as dollars will rush into the Renewables sector. At least, that is still how I see it.
**Jamie Says**
Thank you for your post Ian. I wish the best for us all.
All the best guys,
Ian
http://www.greendomainmarket.com
Steve
Nice post, some good points indeed.
JS
@ Damir
Domains are better than gold? I think domains have a bright future, but lets be realistic. A declining PPC market, legislation, or just a bad economy could make all but the truly generic names worthless. If all your domain sales dried up (if you have any), ask yourself what your portfolio is worth. This could be a great buying opportunity but lets be realistic. Diversify.
MySite
Domain is KING….it is cheap too
Paradise
You are absolutely right.
Good domain names are becoming hard to find.
Domain name is very important for Internet business and this is only one in the world.
Domains are like wine!
http://www.ParadiseHomes.com