Edit: anyway. I think the value of gold is overpriced
The value of anything is dictated by supply and demand. Feel free to find a huge gold motherlode and see its price drop overnight. Or yourself killed, whichever comes first.
The value of anything is dictated by supply and demand. Feel free to find a huge gold motherlode and see its price drop overnight. Or yourself killed, whichever comes first.
Not unless you're DeBeers. They've managed to keep diamond prices sky high despite it not really being all that "rare" of an object.
But that does not contradict what I said. By controlling either supply or demand, you control the price. DeBeers managed to control both.
They marketed it as rare. It’s not. They didn’t create demand. They marketed it as the ultimate gift.
That is the key difference. The supply is huge. They created a demand. They controlled the price.
You know what? **** it. That’s enough verbiage for a pedant to continue. You’re right. I’m wrong. Done talking about faked demand and how marketing really obscured that the supply was not truly the issue.
