Your Questions About Is It Wise To Invest In Diamonds

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James asks…

Is it wise to invest in gold coins?

I’m looking into investing in African gold 1 oz. Krugerrand’s.
Do you think that would be a good investment ??
I know right now they are about $ 930.00 each.
I have 200 lbs of silver But I’m now looking and gold, and Diamonds.

financi4 answers:

I invested in gold, silver and diamonds as well. But instead of gold coins, I invested in pure gold nuggets. The best come from Australia. When you invest in gold, you have to look at the price per grain, or gram. Before I’d invest in gold coins for $930.00 each, I’d want to know their weight. Gold is always a good investment, although just like stocks their value go up and down constantly.

I was recently told that silver is almost a better investment right now because there is a shortage of pure sterling silver, even though it’s much cheaper than gold.

Diamonds are also a good investment, but it’s so easy to get ripped off, as people usually sell them for much more than what they’re worth.

The downside is when I’ve sold in the past, I rarely got more than what I paid and often got less.

Charles asks…

Should I invest in diamond foods stock?

It went down a lot on Friday and more today, would it be wise to invest while they’re so low? Or do you think they could go out of business?

financi4 answers:

Risky business until more is known about what went wrong with their accounting. The top 2 officers were fired from the company for cooking the books. After a thorough investigation revised new financials must be filed for the last 2 years, and may possibly really look bad in which case the stock can drop much further. Then there will be lawsuits flying on whom to blame and that is expensive.

Thomas asks…

Should I invest in diamond food stock?

It went down a lot on Friday and more today, would it be wise to invest while they’re so low? Or do you think they could go out of business?
its not for real investing.. its for investopedia

so fuck you

financi4 answers:

Their accounting is garbage. Management was forced out.

They have already said that they would re-state past financial information. Without that data there is no way anyone can properly value the company.

Important Wall Street lesson: Just because a stock drops does not make it a buy.

Joseph asks…

Resale value of diamonds?

What is the resale value of diamonds? What I meant is that suppose of I purchase a diamond of certain quality at 8000 now, what is the market value(the price I would I if I sale it) some time in the future, 5 years from now for example?

Do diamonds hold their values?

The reason I am asking this is that I know all about the hype, inflated value of diamonds(where diamonds are actually very abudant in nature and should be relatively cheatp if not were the price control put up by diamonds conglomerates.) So if I were to give my girlfriend an engagement ring, wouldn’t it be wiser to invest in some othe gemstone that is actually more valuable than diamonds(my girl has absolutely NO PROBLEM with that)?

financi4 answers:

A diamond is very inflated. It only has”trinsic ( probably spelt wrong) ” value. This meaning its only worth much as new. If you want a good value diamond ring , go to a pawn shop and buy a high end diamond ring (do your research) and get a jeweller to put the diamonds in a new setting(ring) You could buy a 8000 dollar ring from a crack head, for 100 $ a new setting for 400$ and spend the money on a good gold smith maybe even 1000 $ . There you just got your girl a 8000$ ring for 1500$ Diamonds are forever for a reason. They don’t get old or dull with age. A 100 year old diamond that’s of high quality has much more fire than a brand new cheaper one. A good friend of mine is a gold smith and he said if you want to buy a diamond buy it before its set. This way you can compare it to several diamonds on the counter. 10 diamonds all the same size,cut , clarity ,and colour sitting on the counter . One will look way better than all the rest.

Ken asks…

When is the best time (investment wise) to buy an engagement ring?

This is admittingly an odd question, especially considering this is an investment forum. I was curious when is the best time to buy an engagement ring, investment wise. The salesmen at the jewelry store tell me to buy now because diamonds and gold is always appreciating.

Obviously no one has a crystal ball that can see into the future, but would it be worth investing a diamond ring now by putting it on lay away or interest free financing and be able to get more for my money? Or are the prices of diamonds and gold constant enough that I’d be better off saving the money in a bank account or maybe a short term CD?
My fear is the price of diamonds will go up where say a ring worth $1,500 now will be worth $2,000 in say.. a year Do diamonds really appreciate that much?
As far as the question of if she’ll say yes, That’s not really an issue. It‘s more of a question of when, not if.

financi4 answers:

Go the savings account or short-term CD route. It is not a great time to be purchasing any commodities including gold or diamonds. I also would not let your significant other know that this is an “investment” or you will feel the pain. 😉

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