RE: In the SO THE FUCK WHAT FILES
November 21, 2015 at 6:33 am
(This post was last modified: November 21, 2015 at 6:46 am by Homeless Nutter.)
I believe diamonds are essentially a scam. Or at least a racket. The mining of diamonds in the 20-th century has been monopolized by DeBeers Group and they've been effectively controlling the prices worldwide, by limiting supply. In the 80's the group's market share was as high as 90%. It fell to 35% recently.
Diamonds used for tools and industry are mostly artificial diamonds. Because they're actually better in terms of hardness, thermal conductivity and electron mobility. The natural ones are just eye-candy for people, who are susceptible to marketing campaigns.
Try selling a diamond you just bought. You'll find out how much it's really worth...
Precious metals are a bit of a different story, because they're elements, there's finite supply of them, we do actually have use for them other than making shiny things and we can't as of yet synthesize suitable substitutes.
Although apparently we can now extract gold from sh*t, so...
http://www.bbc.co.uk/news/science-environment-32026636
Diamonds used for tools and industry are mostly artificial diamonds. Because they're actually better in terms of hardness, thermal conductivity and electron mobility. The natural ones are just eye-candy for people, who are susceptible to marketing campaigns.
Try selling a diamond you just bought. You'll find out how much it's really worth...
Precious metals are a bit of a different story, because they're elements, there's finite supply of them, we do actually have use for them other than making shiny things and we can't as of yet synthesize suitable substitutes.
Although apparently we can now extract gold from sh*t, so...
http://www.bbc.co.uk/news/science-environment-32026636
"The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one." - George Bernard Shaw
