Hi stackers! This might sound unusual ... but following an order through Bullion Club, and through a long conversation with one of their employees, my friend was told that they might soon be selling diamonds as an investment in addition to silver and gold... What do you all think of this? Would you ever invest in diamonds? Seems weird to me, but hey... sky is the limit i guess
This question has been asked twice before And basically NO DON'T TOUCH THEM UNLESS You work in the industry & you need to move millions of dollars Diamonds are the biggest con going ,even better & bigger than insurance
No. Their value is too subjective for me to look at them as anything other than a discretionary consumer purchase. I'm not in the jewellery business so I don't know enough to make an informed decision about what's worth buying (and I don't really have the inclination to learn either).
Just remember a Fool and his money are easily parted. If you know heaps about them go for it, hmm otherwise well, read above
Sorry SM i do not agree. The problem is that "most" diamond buyers are playing in the lower/mid range of quality. Diamonds in the the very elite and rare "high end" are the stones that increase in value as the availabilty is far exceeded by demand. The ols supply and demand tale! I'm not talking about the type of every day stone that sits on a girl's finger but the type of stones that command respect! I cannot afford to play in that market! There may be a Silver Stacker or two who can! http://www.luxist.com/tag/pink+diamond/
The only way I would buy diamonds is if they're stuck in some scrap gold I'm buying. Reasoning... The rarity if diamonds is artificially created and controlled by a very small select ethnoreligious group. The majority of diamonds are mined at the expense of the locals and nations who were "lucky" enough to have diamonds to mine. The price of diamonds is as much or more manipulated than silver but in the opposite direction. Diamonds are an arrangement of atoms, the atoms that make up diamond are no different to the atoms making up a graphite pencil lead, they are simply arranged differently. This arrangement can be synthetically reproduced. Compared to precocious metals where sub atomic partials are arranged to make gold/silver etc a process we cannot yet replicate. I don't think holding diamonds is much better than holding paper. They have a perceived value that only exists because corporations and advertising tell us they're valuable. Their very production enslaves nations and funds wars for the sole benefit of some corporate elites who control the market. The supply side of the market is so rigged they can release massive $$ "value" of diamonds into the market every bit as fast as the fed can print it.
"Have You Ever Tried to Sell a Diamond?" http://www.theatlantic.com/magazine...ried-to-sell-a-diamond/4575/?single_page=true Great article!
is there a kitco for diamonds ? diamond buyers kiosks in shopping centres ? if I was to invest in non bullion it would be rare coins
Diamonds can be artificially made, its all carbon. The artificial ones cant be told apart by the eye. Would't touch with a 10 foot pole.
Reletive bought a diamond in Singapore years ago. 10000$ nice certificate all gurenteed when he tryed to cash it in in Aussie best offer was 750$. That was years ago when 10000 was 10000grand. Would not touch them.
Only diamond I would be buying would be for engagements lol. Stick to the metals in bullion form or cheap gold jewelry in simple pieces.
diamonds great to have laying near window seals by confusing criminals so they dont break your glass to try and steal your quartz
