From Marc to Market:
....Bitcoins and cryptocurrencies are only currencies because they say they are. They do not fulfill the economists' definition of money: a means of exchange, a store of value, and a unit of account. The rapid appreciation says nothing about its moneyness or store of value. The first issue of Action Comics that featured Superman sold for 10 cents in 1938, which would be the equivalent of $2 in 2019. The Comic Buyer Guide estimated that only 50-100 original copies still exist. One with a rating of 9.0 was sold for $3.2 mln in 2014, and one with a rating of 8.0 sold for a little more than $2 mln in 2018. Yet, despite the scarcity and price appreciation, no one will confuse a comic for money.
A new asset will soon be available to investors that overcomes the short-coming of crypto. Until now, diamonds lacked standardization. Cormac Kinney and his team at Diamond Standard have solved the riddle. They have standardized natural diamonds, stepping up as the world's first market maker, forcing the industry to discover the value of millions of diamond varieties regularly. The diamonds are independently graded by the Gemological Institute of America (GIA).
A diamond coin looks a bit like a petri dish with 4.5 carats of diamonds, and importantly, a computer chip inside. That computer chip contains a blockchain token that enables authenticity, remote audit, and internet transactions.
The diamond market is estimated to be about $1.2 trillion, larger than the silver and platinum market put together. Investment accounts for around 15-20% of the already mined rhodium, palladium, platinum, and silver. Investment may account for as much as 30% of the mined gold. Until now, the lack of standardization and other challenges have kept investment at around 1% of natural diamonds....
....MUCH MORE
As noted in the intro to 2019's "These Rare Stones Are About To Become Priceless":
We've looked at the 'fancy's' as they are known a few times, links after the jump.
This post is not an offer to sell nor a solicitation of an offer to buy any pretty pink hunks of carbon.
Please contact your beloved, your investment counsel or your personal deity for further insight.
If interested see also:
Paper Diamonds: How Do You Standardize Rocks So They'll Fit Inside An ETF Wrapper?
You Thought the Rio Tinto Red Diamonds Were Baubles, You Dismissed the 118 Carat 'Perfect' Being Auctioned Tomorrow as Crass, Perhaps Monsieur et Madame Would be Interested In...
...The Pink Star
Diamonds: Have You Been Depressed Since DeBeers Was Delisted? Hangdog Since Harry Winston Split? Cheer Up Bunky, There's Always Alrosa
And many, many more.
