No. Debeers only increased the price of diamonds by creating an artificial scarcity on the market shutting down rivals and not putting as many gems on the market.
Diamonds are plentiful in many areas, dotting the soil layers when they are found. And we can manufacture them, too. Gold is a better choice because we can't make it, and even that is a bad choice as an investment.
If you're concerned about currency collapse / devaluation, stock up on beans, rice, bandages, supplies you need in an emergency. Hold cash that will have value even if the banks limit your ability to transfer money, or pay off debt so that limits on cash transfers don't make you unable to pay your car payment.
by qwark7 years ago
The price of an oz. of gold is almost $1200.00's.Why would anyone buy gold at it's peak price?Would you buy a stock at the highest price it has historically reached?
by Marisa Hammond Olivares5 years ago
Is committing to a mortgage still a good investment in today's economy?Is a 30 year mortgage realistic for those considering buying a home? Is 15 years better? Why? When is renting better than buying?
by iwancahyo6 years ago
In my opinion there are three main factors supporting the strengthening gold price, for while it is, the uncertainty of conflict in Libya and the MENA, the focus of sovereign debt situation in Euro Zone, and rising oil...
by Daddy Paul7 years ago
What would make a good investment hub? I am running out of ideas.
by David Stillwell3 years ago
Is gold still a good investment for 2012?
by Mr Tindle5 years ago
Is Groupon A Good Investment Under $10?Groupon is, of course, an extremely popular coupon / daily deals website. However the stock has done nothing but crash since the company went public. So far the collapse has been...
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