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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (124771)9/21/2001 5:48:05 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
as i said, in that sense, not fungible at all. gold, when pure, is always the same. look at a Rappaport price list for diamonds, there are numerous different qualities (size, purity and color determine the classification)that have huge price differentials.
you could perhaps set a standard by using only 1 ct. WWS stones of color A, but what for? the market looks toward gold to determine in/deflationary pressures, not diamonds. you'd have to eradicate 5,000 years of monetary history at a stroke.
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