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Gemstones are not a good value store at all, since there is no liquid market for them and the first-sale price is artificially inflated through marketing. Buy
by brazzy 15y ago
Gemstones are not a good value store at all, since there is no liquid market for them and the first-sale price is artificially inflated through marketing.
Buy a diamond today and sell it tomorrow, and you'll make a loss of 30% or more.
- nl 15y agoIn the "government collapse and you need to run from nazis" scenario, if you somehow manage to only lose 30% of your value you are doing well. I'd note that Wikipedia says: A high quality diamond weighing as little as 2 or 3 grams could be worth as much as 100 kilos of gold. This extremely condensed value and portability does bestow diamonds as a form of emergency funding. People and populations displaced by war or extreme upheaval have utilised this portable asset successfully.[1] [1] http://en.wikipedia.org/wiki/Diamonds_as_an_investment http://en.wikipedia.org/wiki/Diamonds_as_an_investment (yes, it says citation needed, but nevertheless it did work in WW2.)