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Diamonds are a scam and everyone knows it. They are an over inflated good held by a monopoly of handful producers that tightly control the supply. And nobody g
by me_me_me 5y ago
Diamonds are a scam and everyone knows it.
They are an over inflated good held by a monopoly of handful producers that tightly control the supply.
And nobody gives a fuck.
> I see no value being created in these "investments".
And stock market is any better? At the inception stock market was a tool to invest and prop up businesses for long term dividend gains. No its pure speculation tool that doesn't benefit anyone but the concentrated wealth, it is so removed from reality (but you already mentioned that).
At least I made money of crypto, before the blob of ultraweathly descends on it.
- reader_mode 5y agoI don't invest in diamonds (I had to buy a few, but that was an investment of different kind), and I don't really invest in the stockmarket either for the reasons you mentioned. I can make enough money to live comfortably through work, admitedly I would be a lot safer if I had more, I prefer investing in realestate that I can potentially monetise by renting and I can leave to my children. It's probably not the most efficient but I don't want to spend time and effort on investing in to stockmarket, crypto or w/e - I chose SW development because I like to build things that solve problems and be creative - at this point crypto/stocks feel like the exact opposite (initially I gave it the benefit of a doubt but at this point I'm almost certain it's a bubble built on spreading bullshit)