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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (52766)	7/27/2009 9:20:07 PM
From: GPS Info	Respond to of 220272

Allow me to start off by saying that I should have put a <g> in the post – because I knew the TJ meant gold. I removed the <g> for posts to Mqurice, but forgot to put them back. > Diamonds are not fungible. They are difficult to evaluate, test and grade. There are many cities in the world where they can be reasonably well evaluated, tested and graded using fairly simple equipment. They are much easier to transport or hide, and they make nice jewelry, like gold. > They are also not divisible Actually large stolen diamonds are reduced in size and resold in the market quite often. Any laser serial numbers or insignia are removed. > Also, the market is kept artificially high - See Edward Epstein, the Death of the Diamond, and later works. Artificially high prices are good – like gold or oil.<g> > They do have the advantage of small space and light weight, easy to travel with and conceal. Yes that was my primary thought with regard to TJ’s comment about “bury it outofthewaydeep” However, this now seems in contrast to his later statement: “they are freely exchanged into any other currency at any 3d and internet banking time within the same multicurrency banking account. Are “banks” meant to be “out of the way, deep?” So out of the way deep may mean for US purchasers of gold should keep their gold buried in out of the way places, or in HK banks. That does not sound smart to me. Disclosure: I bought a chunk of NGD and HL at 1$ per share. I want some level of panic in the next year to raise the price of gold and silver, at which point I will cash out in US dollars. I’m hoping that this board will help.<g> Just grins, but I'll play some more if you want.