Originally Posted by
AlohaDaveKennedy
Why would there be a mad rush? So long as I can manufacture miles for free to meet anticipated demand, I need not buy them for 1 to 1.5 cents. But when my need for miles suddenly increases beyond the capacity of my generating systems, then I buy miles in that price range. The problem is that stockpiling miles is not like stockpiling gold, but rather like stockpiling milk.
Well you obviously then think the miles are worth even less than 1-1.5 cents. Generally not the consensus of FT. Almost every "Should I use miles or pay thread" generally suggest purchase until about 2 cents. No point in spending $500 cash to save 25,000 miles when you could replace those miles for $375.