18 Nov
2009
18 Nov
'09
12:04 a.m.
Very good point Will -- DeBeers regulates just how many diamonds are out
in the open market at any time, hence keeping demand at a high and
keeping diamonds from devaluing... all the while hording immense
amounts of diamonds in its private stash and releasing them at a
controlled rate.
William Donzelli wrote:
I was thinking
about this while I was on the bus the other day. Diamond I
can see going for a significant amount (it has a fair few industrial and
commercial uses)
Diamond is a bad example. Thank DeBeers.
though the only use I could come up with for gold
was the
plating on edge connectors...
Plating on a whole lot of other things as well.
Didn't manage to think of a single commercial
or
industrial use for silver at all...
Plating and contacts. I think (much) more silver is used by industry than gold.
Wiki for more info.
--
Will