What are Diamonds Really Worth? Zero, Zilch, Nada

Diamonds are not rare

Diamonds are not rare in the least. In 1982, more than 100 million women were estimated to be wearing diamond rings. Millions more were storing them in safe-deposit boxes, In that year, the general public owned about 500 million carats of diamonds. In 1983, the largest diamond mines in the world by volume were discovered in the Argyle mines of Australia. The Argyle mines has processed over 800 million carats and is the largest supplier of colored diamonds.  Yet those mines already have too many unprocessed diamonds and not enough demand. The Argyle diamond mine is set to close in 2020. Imagine that. A diamond mine that can’t make a business out of selling diamonds.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Click here

Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
Learn more
5 / 7
Next ❯

Leave a Reply

*