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 ARE DIAMONDS A INVESTOR'S BEST FRIEND ?

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joefrank
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joefrank

Number of posts : 8210
Registration date : 2008-11-04
Age : 71
Location : Santa Fe, New Mexico, USA

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PostSubject: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyWed Mar 30, 2011 6:39 am

3/30/2011

Are diamonds an investor's best friend ?

http://www.cnn.com/video/#/video/business/2011/03/25/taylor.harry.winston.diamonds.cnn

https://www.youtube.com/watch?v=PluRW3_FEt0

Cheers..Joe
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alice
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alice

Number of posts : 15672
Registration date : 2008-10-22
Age : 72
Location : Redmond, WA

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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyWed Mar 30, 2011 7:52 am

Diamonds are a poor investment. They are only worth a lot when you are buyiing them and worth about 10 to 20 percent when you resell.

You cannot eat them, they do not keep you warm. They have great sentimental value. I like them, but would never invest in them.
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dkchristi
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dkchristi

Number of posts : 8594
Registration date : 2008-12-29
Location : Florida

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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyWed Mar 30, 2011 10:20 am

The value given diamonds is the greatest Madison Avenue selling game of all time. The value of diamonds equated to love and excess is so ingrained in our psyche that we all covet them, men and women alike, as an outward symbol that we are loved (timeless love, forever after love, solid love, sparkling love, valuable love, perfect love, etc. etc.) or have the money to pay for our own symbol of love.

I sold my gold to help my son. It was all I had left from a past life of wealth except for one diamond. I did not sell the diamond. Alice is right. It has no sale value compared to its retail cost. At least the gold sold for more than its cost at purchase.

I love diamonds as a gift - they represent wonton abandon of reason to please the recipient.
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joefrank
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joefrank

Number of posts : 8210
Registration date : 2008-11-04
Age : 71
Location : Santa Fe, New Mexico, USA

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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyWed Mar 30, 2011 10:20 am

3/30/2011


Alice..

This is how to invest when you win millions
in the lottery, Diamonds worth a million or more ,
valuable art, real estate, the first two never loose
their value, real estate ? Goes up and down...


Cheers..Joe
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alice
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alice

Number of posts : 15672
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Age : 72
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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyWed Mar 30, 2011 11:08 am

I'd prefer to help the poor and the starving children anywhere. A life saved is worth more than a diamond. art or real estate.
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joefrank
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joefrank

Number of posts : 8210
Registration date : 2008-11-04
Age : 71
Location : Santa Fe, New Mexico, USA

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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyWed Mar 30, 2011 5:24 pm

3/30/2011

Alice..

What I really would do is start a foundation in my
Mother , and brothers names to give to certain charities,
such as St. Jude, Open Hands, etc....

Cheers..Joe.. Very Happy
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alice
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alice

Number of posts : 15672
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Age : 72
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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyWed Mar 30, 2011 5:31 pm

Joe,


That would beat diamonds any day.
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LC
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LC

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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyWed Mar 30, 2011 9:03 pm

Didn't watch the video -won't sit through the half minute commercial -but I saw Harry Winston in the URL. If you're Harry Winston, diamonds are a great investment! For everyone else, not so much.

But I also never got why gold is a good investment. It has little practical value and is almost entirely ornamental. Mining it tears up giant chunks of the earth to extract just a little bit, and the chemicals used in its process poison the rivers. What does that say about our vanity, being as its greatest use is to show status?
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dmondeo
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dmondeo

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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyThu Mar 31, 2011 4:18 am

This is my take on the subject:
Cool
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dkchristi
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dkchristi

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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyThu Mar 31, 2011 5:05 am

I'll add to the Madison Avenue hype - gold. However, gold in its purest and from the ground form was used in past centuries because it could be fashioned so easily into things that could be worn. Many cultures use pure gold items as a "bank" for their savings that is easily carried, especially nomadic people.

Long before Madison Avenue, gold and jewels adorned the idols that people worshiped. Both diamonds and gold have industrial uses.

Gold and diamonds are natural gifts from the earth. It is how we use those gifts that make a difference. So much of what we do with the earth's gifts today also represents harm. Perhaps future generations will learn lessons from the wasteful generations that have destroyed so much in the name of progress.
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alj
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alj

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PostSubject: Re: ARE DIAMONDS A INVESTOR'S BEST FRIEND ?   ARE DIAMONDS A INVESTOR'S BEST FRIEND ? EmptyThu Mar 31, 2011 5:21 am

Gold was one of the first items that was used as a substitute for bartering products - like grain or bearskins, when the early tribes started to communicate with each other in a peaceful way rather than simply killing and taking, so, in those early stages, it carried a religious significance, just as the plants and animals that it represented were considered holy and signs of the gods' protection and favor.

Gold was and is a rare commodity - something not easily found, and its rarity, along with its beauty (it was shiny like the sun), made it a valuable commodity - one that was relatively light and easy to carry.

A whole different concept from paper money, which still had more real substance than an electronic transfer, which has no real substance whatsoever.

Ann
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