I normally defend Ken Rockwell

Started Jun 2, 2011 | Discussions thread
mamallama
mamallama Forum Pro • Posts: 53,339
Re: Tape

Bill Force wrote:

Regardless, they have appreciated at least mine have. I don't need justification only results. I couldn't care less WHY as long as mine have increased in value while other commodities have been in the toilet. In reality though, if I had used the money to buy gold initially I would have made more but I was afraid of where gold was going, I would never have believed the current price.
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Not really a justification, but the reason De Beers can manipulate the diamond market upwards is because the wealth distribution is becoming increasingly unbalanced with the rich getting richer and the poor getting poorer. Really a shame, IMO. We all know that investment grade diamonds have no useful purpose and are only trinkets for the wealthy.

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