I read your very good thread
offshorecorptalk.com/threads/investment-matr…msday.28868/
You want to update the part about diamonds, they are worth nothing any longer and not at all as an investment.
The two gentlemen you referring to in your entire thread may know have had the knowledge when they wrote the book, If someone has 1 million in Diamonds back then in 2020 he may realize they are only 200,000 worth today :(
Gold went from $700 in 1980 to $250 in 2000.
Crude oil went sub-zero 2 years ago.
Nothing can support or predict the price of a hard commodity.
It would be great to have a decentralized, non-physical commodity with finite and known supply, governed by mathematical principles ;)
Yes, that's true, but you obviously haven't heard about the diamond market and how it's completely falling apart due to the synthetic diamonds that the market has now embraced, which are up to five times cheaper than regular diamonds.
Moreover, there's no way to see, feel, or in any way measure which diamond is synthetic and which is real.
On top of that, it turns out that the De Beers family has held back immense quantities of diamonds from the public to maintain the belief that they are rare and unique!
Many stores around the world are aware that they are about to lose enormous fortunes on their diamond inventories, and they are not telling their customers anything about it.
The scandal has just begun, and it won't be long before the average person knows about this.
Houdini said:The scandal has just begun,
It is not a scandal, it's called business.
Houdini said:and it won't be long before the average person knows about this.
The average person deserves to lose the money he gambled without any knowledge. Especially today, when you can find every sort of information online
The fact is, I don't think anyone (except De Beers) ever anticipated that diamonds would almost become worthless because a synthetic product could ever replace the originals.
Houdini said:Yes, that's true, but you obviously haven't heard about the diamond market and how it's completely falling apart due to the synthetic diamonds that the market has now embraced, which are up to five times cheaper than regular diamonds.
Moreover, there's no way to see, feel, or in any way measure which diamond is synthetic and which is real.
On top of that, it turns out that the De Beers family has held back immense quantities of diamonds from the public to maintain the belief that they are rare and unique!
Many stores around the world are aware that they are about to lose enormous fortunes on their diamond inventories, and they are not telling their customers anything about it.
The scandal has just begun, and it won't be long before the average person knows about this.
what story is that?
As a diamond hobbyist/seller
Do not buy diamonds for holding funds.
Do that with gold.
There's too many criteria with diamonds. Price depends on them. And you need buyers to buy them after.
Way easier to buy/sell gold and less criteria to follow
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True power moves in silence.
