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> How is gold superior to diamonds really? Both are stores of value, but their value based only on others' willingness to trade for them. Because gold is (rela
by frostmatthew 11y ago
> How is gold superior to diamonds really? Both are stores of value, but their value based only on others' willingness to trade for them.
Because gold is (relatively) easy to sell but "Selling individual diamonds at a profit, even those held over long periods of time, can be surprisingly difficult"[1]
[1] http://www.theatlantic.com/past/issues/82feb/8202diamond2.htm http://www.theatlantic.com/past/issues/82feb/8202diamond2.ht...