Actually, turkeys are an incredibly inaccurate comparison.
Here's a more apt metaphor...
Joe Bloggs goes out into the countryside and buys up various parcels of land dirt cheap because they're not near anywhere at all - no roads, no railway, no utilities. Some he is buying because he believes there might be exploitable resources under them (minerals, oil, precious metals etc.) and some because he predicts - based on his research efforts, local knowledge and expertise - that people will one day want to live there, that the local railway line will be extended past his property etc.
At the same time, he buys up dead-end properties in various towns and cities, and then waits, trading some, redecorating some and renting some out.
Fundamental take-away point is this: DOMAINS ARE THE PROPERTY OF THE INTERNET. They're not a "commodity" (like turkeys) but they're a unique investment (like a specific property, an original work of art etc.) since no two domains can ever be the same.
Most people can afford to buy a painting done by a local artist. Very very few people can afford to buy a Picasso. Some art dealers make millions buying cheap and selling high - others earn enough to just about make ends meet.
Same with domains.
A prime domain can also be compared to a prime piece of land in the heart of the shopping district of a busy town. Even undeveloped, that land is worth a small fortune - yet it was once possible to pick up the same piece of land for peanuts (timing is everything).
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