Diamonds Safer than Gold
The collapse of gold prices earlier this spring seems to have been met with a kind of muted elation from those promoting the idea that diamonds, like the precious metal, can become a recognized asset class and another form of “safe haven” investment. It’s perfect timing for the diamond industry: With an exchangetraded fund backed by diamonds due to roll out sometime next year, once it has received the stamp of approval from the U.S. Securities & Exchange Commission, supporters of the idea admit that they need to educate investors in North America on the advantages of diamonds as investments.
Ian Gallachers Blog
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