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.
2001-2008: Dissent is the highest form of patriotism.
2009-2016: Dissent is the highest form of racism.
2017-? (Probably): Dissent is the highest form of misogyny.
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. .
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....
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 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.
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.
5 easy payments on QVC. All the fake rox you want. LOL
I do not agree with what you have to say, but I'll defend to the death your right to say it. Voltaire
When you make your peace with authority, you become an authority.- Jim Morrison