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diamond bullion?

derrybderryb Posts: 36,265 ✭✭✭✭✭
in Precious Metals

Diamond Bullion is a credit card-sized package of diamonds sourced at wholesale prices on the Singapore Diamond Investment Exchange

“The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto

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    DrBusterDrBuster Posts: 5,319 ✭✭✭✭✭

    Talk about a market manipulated!

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    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    Golly, that will be amazingly liquid, and also really hard to counterfeit!

    Liberty: Parent of Science & Industry

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    rickoricko Posts: 98,724 ✭✭✭✭✭

    Considering how the price of diamonds is controlled by a non-governmental group and the markup is phenomenal, I would say this will be a narrow market, subject to as much or more manipulation and will never be as liquid as gold and silver. Cheers, RickO

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    derrybderryb Posts: 36,265 ✭✭✭✭✭

    Agree, but diamond investors and those crossing borders will probably love the added features.

    “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto

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    derrybderryb Posts: 36,265 ✭✭✭✭✭
    edited October 25, 2017 8:26AM

    @DrBuster said:
    Talk about a market manipulated!

    Markets are manipulated?

    “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.” - Satoshi Nakamoto

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    KbKardsKbKards Posts: 1,782 ✭✭✭

    Great idea. Now if only they can store them for me so I don't have to take physical possession.

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    PerryHallPerryHall Posts: 45,516 ✭✭✭✭✭

    No thank you. :D

    Worry is the interest you pay on a debt you may not owe.

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    cohodkcohodk Posts: 18,676 ✭✭✭✭✭

    I guess the diamond marketeers are having a hard time moving excess inventory?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    What next !!! :s

    Timbuk3
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    GRANDAMGRANDAM Posts: 8,391 ✭✭✭✭✭
    edited October 25, 2017 3:13PM

    Maybe not,,,,, ;)

    GrandAm :)
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    bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭
    edited October 26, 2017 5:30AM

    Grade A Diamonds!!!!! better than flushing your money down a toilet

    I bet the diamonds come from the trash pails of we buy gold stores that smash them out of rings people bring in :D

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    jmski52jmski52 Posts: 22,426 ✭✭✭✭✭

    Not for me. You'd have to crack them out just to have them graded and certified. :)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    dpooledpoole Posts: 5,940 ✭✭✭✭✭

    Ridiculous.


    Here's a warning parable for coin collectors...



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    tyler267tyler267 Posts: 1,234 ✭✭✭✭

    Crazy as this is someone will buy them

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    bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭

    wasn't provident selling these things?

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