Canon 5D Mark III Rumors

And I thought this was a 5DIII forum

^ yeah, i was getting a little confused reading the end of the thread

It's a rumors thread. Unless there are rumors to speak of, people are going to sidetracked within the thread at the mention of other subjects that interest them and PM boxes here at POTN fill up so quickly for active users that sometimes we neglect (or forget) to use them for off-topic posts.

It happens (and I'm still waiting for my response).

P.S.
aboss3, I like your choice of lenses. Very minimalist but does not sacrifice performance output (except maybe the EF 50mm 1.8).

I was absolutely in love with my Toki 11-16mm 2.8 and 10-17mm /FE in every way.

Now if I wanted one again, I'd have to pay double what I did two years ago (ref. Toki 11-16mm 2.8)

aboss3 wrote in post #10388672
And I thought this was a 5DIII forum

It´s the only 5DIII forum (out of 16) where you can find useful information.

Luminodio wrote in post #10388625
I am going to be diversifying into palladium as well (seeing as it is presently cheap right now and is the metal used to manifest White Gold). What are your thoughts on that, chum?

As a long term investment I would buy silver, when you look at gold/silver exchange rate, silver is quite cheap compared to gold (about 66:1 while 30 years ago it was 15:1).
As a short term investment palladium looks great as its price dropped few weeks ago but now continues going up.

Luminodio wrote in post #10388625
Peter Schiff predicted that gold would reach $2,000 an ounce a year ago and it's beginning to look that way. Some have gone further to suggest $3,000 an ounce based on the G10 summits topics of discussion for the better part of this year has been about global currency implementation -- primarily backed by Russia and China.

I don't know what me living in the US to do with the value of gold. The USD is not backed by gold but is simply a legal tender for a debt public and private. The Federal Reserve Act of 1913 was when this all began. If I am missing a variable that I should keep in mind, feel free to educate me.

Gold has always had marginal peaks and valleys and only lately has seen it seen high peaks and with, again, good days and bad days. I am going to be diversifying into palladium as well (seeing as it is presently cheap right now and is the metal used to manifest White Gold). What are your thoughts on that, chum?

I'm not sure if that was a snide salutation, or you think I'm a relative of pink salmon; I didn't really go into details on why i made that recomendation, but it has reasoning behind it; you sound like you're heavily invested in precious metals, betting an constant inflation and a generaly stable (predictable) world ecconomy; and that the reasons that gold is considered valuable remain static.

I wish all my clients the best of luck, and offer the best advice avalible to me; ultimately it is their decision, this holds true even if i'm not billing you. Invest as you wish, but i would consider looking into WHY gold has historically been held as valuable, and understand that if somthing changes in those reason, it is quite possible it will lose its mystic.

(btw i'm not just a photographer)

dwarfcow wrote in post #10391331
I'm not sure if that was a snide salutation, or you think I'm a relative of pink salmon; I didn't really go into details on why i made that recomendation, but it has reasoning behind it; you sound like you're heavily invested in precious metals, betting an constant inflation and a generaly stable (predictable) world ecconomy; and that the reasons that gold is considered valuable remain static.

I wish all my clients the best of luck, and offer the best advice avalible to me; ultimately it is their decision, this holds true even if i'm not billing you. Invest as you wish, but i would consider looking into WHY gold has historically been held as valuable, and understand that if somthing changes in those reason, it is quite possible it will lose its mystic.

(btw i'm not just a photographer)

It was not snide whatsoever in intent and I do mean that. I was just curious as to how the USD dollar could impact the value of something it has no affiliation with but a currency you collect can use to buy/sell the precious metal.

I am inclined to pay to hear what you have to say because the amount of 24k .9999 fine gold is rather immense in value now and seriously want to make the best of my investment, but I have to know the reasoning behind my decision to sell was logical so that in the event of remorse I have a foundation to bring myself back to baseline.

YGPM

Luminodio wrote in post #10392225
It was not snide whatsoever in intent and I do mean that. I was just curious as to how the USD dollar could impact the value of something it has no affiliation with but a currency you collect can use to buy/sell the precious metal.

Commodities that aren't tied to a specific currency are still subject to the world's relative wealth. Here is an over simplified (emphasis on over simplified) example of how the US Dollar's relative strength against another currency can come into play.

lets assume the USD is worth 1 euro again. And an ounce of gold cost $50. Let's also assume that for these purposes there are only two currencies in the world, and the US and Europe are all that exist, and each has equal total wealth, and equal demand for goods and services that require gold (computers, jewelers etc)

so. Greece decides one day, its broke, and starts printing more euros to buy its way out of debt; to keep up with with inflation that Greece is creating in the euro; meanwhile France and Germany start doing the same because their money is losing just as much value as Greece's but Greece is increasing its supply of funds, so its total nation wealth is going up relative to the rest of Europe; Due to this increase in inflation (devaluing of the euro) the relative strength of the euro to the USD goes down, and the US dollar becomes "Stronger" relative to the Euro. Well, consumers in Briton and Spain are still making the same amount of money as they were prior to Greece, Germany and France spewing out money; since their government decided not to follow suit (they are acting as somewhat of an anchor to hyperinflation by abstaining) however, their citizens are hurt on the international level, as they now have less buying power.

As a result, we will say the euro went to 1.25 euros to the dollar, however, the price of gold is going to be based on the prevailing amount people are willing to pay for it across the globe, while people in America might be willing to pay $50/oz still, people in Briton might have a hard time copping up the 62.50EU that it would take to buy the same amount of gold; since gold isn't based on USD the tenancy would be for the median price to fall somewhere in the middle, between 50-62.5 euros' (40-50USD). all buying power and wealth equal, free market would place the new price of gold at $45USD, even though its relative value and scarcity did not change, its price in dollars went down.

over simplified, but currency strengths can dramatically affect commodities vales, if we inflated that $50/oz premium to say $1500, and a change in value of significantly more (if the euro melts down, there is no telling what the exchange rate would be, or be easy to determine the buying power of the entire euro zone to calculate potentials for loss)

The only solution is to diversify diversify diversify.


I'm really hoping for a $5000/oz on gold, as i have some american eagles i would like to trade for a pair of 5D III's, but if it doesnt happen, i'll just sell some of the $4000 in BP stock i just bought that 3 months ago was worth nearly $10,000 for around $6 grand in 2 months.

shanni wrote in post #10378406
Oh and PS - My 5D MKII came a day early (yesterday). What a great surprise and WOW - awesome camera!!!! I'm so glad I didn't wait.

My first shot!

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Nice one! Congrats on the new camera, it is truley awesome!

So tonight I invested into two 12 oz red bulls with some Ben and Jerrys ice cream, the new ones they have with brownie pieces inside, I got a bag of doritos and duracell double a (four per pack) batteries,for my apple wireless keyboard thoughhhh I only need three,so that fourth one is a wild card.I'm thinking the Sanyo batteries everyone likes to favor may have longer life to them after all. I also went to McDonalds drive thru and picked up an Angus Deluxe worth $4.30 without a doubt.oh I forgot to mention I did a poor choice of investment on that blockbuster from Paris with love as I've yet to watch it and it's been sitting inside the PS3 blue Ray DVD player since Sunday.woahh!! think I should have just got Alice in wonderland.....oh and Shanni* nice pic! Congrats on your new toy!

dwarfcow wrote in post #10393002
Commodities that aren't tied to a specific currency are still subject to the world's relative wealth. Here is an over simplified (emphasis on over simplified) example of how the US Dollar's relative strength against another currency can come into play.

lets assume the USD is worth 1 euro again. And an ounce of gold cost $50. Let's also assume that for these purposes there are only two currencies in the world, and the US and Europe are all that exist, and each has equal total wealth, and equal demand for goods and services that require gold (computers, jewelers etc)

so. Greece decides one day, its broke, and starts printing more euros to buy its way out of debt; to keep up with with inflation that Greece is creating in the euro; meanwhile France and Germany start doing the same because their money is losing just as much value as Greece's but Greece is increasing its supply of funds, so its total nation wealth is going up relative to the rest of Europe; Due to this increase in inflation (devaluing of the euro) the relative strength of the euro to the USD goes down, and the US dollar becomes "Stronger" relative to the Euro. Well, consumers in Briton and Spain are still making the same amount of money as they were prior to Greece, Germany and France spewing out money; since their government decided not to follow suit (they are acting as somewhat of an anchor to hyperinflation by abstaining) however, their citizens are hurt on the international level, as they now have less buying power.

As a result, we will say the euro went to 1.25 euros to the dollar, however, the price of gold is going to be based on the prevailing amount people are willing to pay for it across the globe, while people in America might be willing to pay $50/oz still, people in Briton might have a hard time copping up the 62.50EU that it would take to buy the same amount of gold; since gold isn't based on USD the tenancy would be for the median price to fall somewhere in the middle, between 50-62.5 euros' (40-50USD). all buying power and wealth equal, free market would place the new price of gold at $45USD, even though its relative value and scarcity did not change, its price in dollars went down.

over simplified, but currency strengths can dramatically affect commodities vales, if we inflated that $50/oz premium to say $1500, and a change in value of significantly more (if the euro melts down, there is no telling what the exchange rate would be, or be easy to determine the buying power of the entire euro zone to calculate potentials for loss)

The only solution is to diversify diversify diversify.


I'm really hoping for a $5000/oz on gold, as i have some american eagles i would like to trade for a pair of 5D III's, but if it doesnt happen, i'll just sell some of the $4000 in BP stock i just bought that 3 months ago was worth nearly $10,000 for around $6 grand in 2 months.

So... Umm....

5DIII... Let's see it Canon!

Heck a 5DIIn would be good enough, everything the same but the AF system improved.

dwarfcow wrote in post #10393002
The only solution is to diversify diversify diversify.


I'm really hoping for a $5000/oz on gold, as i have some american eagles i would like to trade for a pair of 5D III's, but if it doesnt happen, i'll just sell some of the $4000 in BP stock i just bought that 3 months ago was worth nearly $10,000 for around $6 grand in 2 months.

Now that's what I'm talking about, you're right. How much is a share of BP going for right now do you know? (answer based on the time you have, not when this was posted)

- T. John

Stealthy Ninja wrote in post #10393750
So... Umm....

5DIII... Let's see it Canon!

Heck a 5DIIn would be good enough, everything the same but the AF system improved.

That is a very interesting thought. If they only increased the buffer and improved the AF system that would make make things interesting.

Luminado,

BP? 330pence or there abouts, which is half what it was before all hell broke loose.

But be careful, because if Obama does what he's threatening to do (and I hope he does, to make an example) there may well be little left of BP as we know it right now. The smug boss will be going fairly soon is my guess, he will leave to devote more time to "his other interests" (thats gardening and staring at the TV).

Stealthy Ninja wrote in post #10393750
So... Umm....

5DIII... Let's see it Canon!

Heck a 5DIIn would be good enough, everything the same but the AF system improved.

Get rid of the high-ISO banding (some see it at lower ISO if they crank it up enough in PP) and you've got a deal!

dwarfcow wrote in post #10393002
Commodities that aren't tied to a specific currency are still subject to the world's relative wealth. Here is an over simplified (emphasis on over simplified) example of how the US Dollar's relative strength against another currency can come into play.

....over simplified, but currency strengths can dramatically affect commodities vales, if we inflated that $50/oz premium to say $1500, and a change in value of significantly more (if the euro melts down, there is no telling what the exchange rate would be, or be easy to determine the buying power of the entire euro zone to calculate potentials for loss)

The only solution is to diversify diversify diversify.

Of course, the issue is complicated when both currencies are diluting their respective currencies. Which could be part of the reason that gold has increased so drastically while both currencies have not changed at as great an amount relative to each other.

The question is, how much of the increase in the price of gold is related to the value of currencies and how much is due to a possible bubble brought on by folks fleeing a percieved insecurity in monetary-based wealth? Got a few ounces myself - the present price has me reluctant to buy more (not that I can afford to anyway).

The other question is - when will the replacement for the 5D2 come out and how much will it cost?