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Thread: Diamond prices to crash - Trillions of carots found

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    Re: Diamond prices to crash - Trillions of carots found

    Quote Originally Posted by Rainman05 View Post
    ok... so.

    Russia also has a lot of that good expensive caviar. It is in fact the #1 caviar exporter in the world. In Russia and Ukraine, caviar is very, very cheap. I mean... really cheap. However, in the EU and the USA, it is expensive. Why? because Russia limits the export. low export -> high prices.
    Partially, but then lobster is mega-cheap in Nova Scotia. For proof I offer the existence of the "McLobster"



    It's always cheaper at the source.


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    Re: Diamond prices to crash - Trillions of carots found

    Diamonds have never been rare; their prices are preposterous.

    There are hundreds, if not thousands, of them in 5-6 stores in every mall in North America ALONE.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Diamond prices to crash - Trillions of carots found

    Quote Originally Posted by Fisher View Post
    DeBeers will buy them and sell them at twice the price as current diamonds.
    Yeah, there has been a glut of diamonds ever since the Australian pipe mines were discovered. DeBeers or someone in the consortium buys them up and then limit release to keep the price high.

    Interestingly enough it was also DeBeers that made diamonds the wedding stone through excellent advertising. Diamonds were once considered the ugly duckling of gem stones and no one who loved their girlfriend would even consider giving them as a gift. .

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    Re: Diamond prices to crash - Trillions of carots found

    Had a friend and customer in last week telling me about gold investment. He thought it might be a good idea to pick some up so he researched it. What with all the advertisement (You've got to have gold! ZOMG) you'd think it was a good deal, but in his research he found that if you sell gold (over a certain dollar amount) you are subject to a 28% TAX on it. Really?

    I'm pretty well invested in precious metals. Mostly lead and brass....

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    Re: Diamond prices to crash - Trillions of carots found

    Quote Originally Posted by tech30528 View Post
    Had a friend and customer in last week telling me about gold investment. He thought it might be a good idea to pick some up so he researched it. What with all the advertisement (You've got to have gold! ZOMG) you'd think it was a good deal, but in his research he found that if you sell gold (over a certain dollar amount) you are subject to a 28% TAX on it. Really?

    I'm pretty well invested in precious metals. Mostly lead and brass....
    Well, from 1933 to 1974 it was illegal for individuals to own gold bullion. The best way to invest in gold is through gold funds.

    But if you want to collect precious metals, your best bets are platinum and rhodium. They are rare metals and their prices don't fluctuate with near the extreme swings as gold.

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    Re: Diamond prices to crash - Trillions of carots found

    Quote Originally Posted by clownboy View Post
    Well, from 1933 to 1974 it was illegal for individuals to own gold bullion. The best way to invest in gold is through gold funds.

    But if you want to collect precious metals, your best bets are platinum and rhodium. They are rare metals and their prices don't fluctuate with near the extreme swings as gold.
    I think you missed it. I was referring to bullets.

    I just can't quite buy in to the argument for metals if what they are worried about is collapse. After Katrina a water filter was worth much more than gold or silver. Yeah, I get that the value of precious metals will go up in the markets, but a decent rifle would be worth much more after a natural or man made disaster.

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    Re: Diamond prices to crash - Trillions of carots found

    Mankind is deprived of cheap, abundant, and valuable resources because of the insane absoluteness of property rights. Why shoud we agree to that? What kind of pushovers are we for allowing this? And only a hired liar would try to say that the alternative is the abolition of private property. There must be an equilibrium where possession doesn't lead to tyranny.

    Where did these rights come from originally? An agreement that benefited both the owners and the public. The possessing class's only justification for existence instead of becoming guillotine fodder is that the public benefits from the activity motivated by profit. But as time goes on and people are not vigilant, the privileges are perverted into unlimited rights, which are propagandized by the well-financed, self-justifying claim of the possessing class that the more they gain, the more everyone else gains. Instead of their lazy-fairy tale image, a rising yacht in reality creates waves that sink all other boats. When property rights lose track of their original justification and become anti-social, our slavish attitude towards owners must be changed in order to promote the public's self-preservation. Laws and rights are granted as sort of a peace treaty to end anarchy and theft. But when the laws establish limiting of supply in order to force people to accept price-gouging, the property must be confiscated by force and given to people who do not abuse their privileges.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

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    Re: Diamond prices to crash - Trillions of carots found

    5 easy payments on QVC. All the fake rox you want. LOL

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    Re: Diamond prices to crash - Trillions of carots found

    Quote Originally Posted by specklebang View Post
    Wonder how they overlooked it until now. 35 million years is a long time not to notice something
    Possibly because they used the same method my children did when looking for their shoes in the morning on school days

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    Re: Diamond prices to crash - Trillions of carots found

    Quote Originally Posted by tech30528 View Post
    I think you missed it. I was referring to bullets.

    I just can't quite buy in to the argument for metals if what they are worried about is collapse. After Katrina a water filter was worth much more than gold or silver. Yeah, I get that the value of precious metals will go up in the markets, but a decent rifle would be worth much more after a natural or man made disaster.
    I've been saying this for a long time. If you are looking at a complete collapse of the economy or society, a shiny and very heavy metal of no real practical use isn't what I want as my investment. This is even more true if you don't actually have your gold in your possession but it is being held by some broker.

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