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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (63329)6/11/2006 3:52:30 AM
From: Gib Bogle  Read Replies (1) | Respond to of 110194
 
"that is not as ridiculous as it sounds--diamonds, another store of value, have come under attack from all the excellent synthetic diamonds now available."

Ah, diamonds are carbon, a rather common element with several allotropes. Gold is not a common element.



To: Wyätt Gwyön who wrote (63329)6/11/2006 10:42:09 AM
From: bela_ghoulashi  Respond to of 110194
 
Reminds me of a radio commercial I heard a year or so ago. A local jewelry dealer had closed his store, but had been "authorized" by a former client "to make a small cache of investment-grade diamonds available for sale to the public". This client had bought these diamonds through this dealer back in 1978 as an "investment", and the dealer was now instructed to liquidate them..."at 1978 prices".

I had to smile when I heard that. Little old church ladies with savings bonds killed this guy.