2005-10-26
Gold (and Diamonds) Is for Losers
If I ever get married, it's stainless steel bands for both of us, and a cubic zorkonia on hers. This article reveals to me that gold jewelry is at least as stupid, tasteless, and unconsionable as I already know diamonds are.
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4 comments:
Yeah, read about this yesterday. Pretty damn disturbing.
Have you read about diamonds yet? People pay $10k for an engagement ring that no non-professional without special equipment can discern from a $300 "manufactured" diamond... and it depreciates.
Well at least gold's value is determined my its scarcity. On the contrary, the value of diamonds is completely artificial, determined by companies such as (mainly/almost entirely) DeBeers. Diamonds are such great supply that if it weren't for the controlled disseminating of them by companies like DeBeers they'd be worthless.
As a matter of fact, according to (60 Minutes I think) TV report from a few years ago, Russia is sitting on a humongous diamond supply that DeBeers is freaked out about. They're (or were) concerned that if the Rushkies ever saturated the diamond market with their stockpile it could drive the value of diamonds to nill.
I haven't heard anything more about this recently.
Our hero and Reformed Leftist John Stossil filed a startling report on this; that might be what you're refering to. He had 10K$ real diamond vs. 100$ fake diamond rings on display at Grand Central Station, and asked people to pick the one that they thought was the more expensive diamond (not telling them that one was a fake), and other people to pick the diamond from the fake. The results: effectively nobody could tell the difference. Anybody how spends thousands on diamond jewelry is either ignorant or tasteless. Of all the stuggles that normal people face in this world, endeavering to devote "two month's salary" for an engagement ring should not be one of them.
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