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diamond bullion?
derryb
Posts: 36,265 ✭✭✭✭✭
“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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Talk about a market manipulated!
Golly, that will be amazingly liquid, and also really hard to counterfeit!
Liberty: Parent of Science & Industry
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
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
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
Great idea. Now if only they can store them for me so I don't have to take physical possession.
No thank you.
Worry is the interest you pay on a debt you may not owe.
I guess the diamond marketeers are having a hard time moving excess inventory?
Knowledge is the enemy of fear
What next !!!
Maybe not,,,,,
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
Not for me. You'd have to crack them out just to have them graded and certified.
I knew it would happen.
Ridiculous.
Here's a warning parable for coin collectors...
Crazy as this is someone will buy them
wasn't provident selling these things?