Countless Americans horde Bros confirms that the need to ensure public love diamond ring road so mu

Men in the United States enter adulthood, passing strange patchogue long island ritual - they spend most of their savings on a shiny stone. Having the ability to invest in assets that increase their value over time and act as a nest egg, men still spend money on diamond rings, which, in fact, all assets are not. Once you get out of a jewelry store with freshly bought a diamond, its value falls exactly twice.
Americans will exchange rings with diamonds as a step in the process of engagement, because in 1938, De Beers has decided for them, it should be. Prior to her stunningly successful marketing campaign of the Americans, of course, changed the rings, but it was not accepted phenomenon. Demand for diamonds - the invention patchogue long island of marketing, because they are not so rare: only carefully limiting their availability, patchogue long island De Beers has supported high price jewelry.
Countless Americans horde Bros confirms that the need to ensure public love diamond ring road so much and stressful. But here's the thing: this necessity exists only because it is fueling the company patchogue long island receiving direct benefits from this.
Here's a modest proposal: let's patchogue long island get together on that diamonds - it is nonsense, and begin to deny their role in the marriage. Let us recognize that our society patchogue long island a century durili these shining pieces of carbon. Enough to endure!
In fact there is a financial concept patchogue long island of intrinsic value. Value of the asset, in fact, determined by the value of expected future patchogue long island cash flows (discounted at a reasonable rate), which will bring the asset. For example, when Hertz, the car rental company buys another car, its value to the company is, how much money it will bring during rolling, and then the sale of (residual value). When you buy a car, of course, if you do not use it to earn money, then you its value - the price of its resale. Since the car - it is a depreciating asset, the value that it loses over time, and is your real costs.
Brilliant - it's a depreciating asset, which only pretends to be the best investment. There is a common misconception that the precious stones and metals patchogue long island are assets that retain their value and even grow in value, patchogue long island resisting inflation. In fact, it is not so.
The financial market you can buy gold and silver as a commodity. Their value remains the same or increases with inflation. While they can even dump under the bed, in the case of coins and bars (more expensive by about 10% relative to market rates). patchogue long island But if you are going to store jewels of gold, consider their retail margin is about 100-400% of the cost (apparently this is not the best form of investment in gold).
Let's remember this warning. Overall, the market is liquid gold pretty, patchogue long island but the gold itself interchangeably: You can change a big chunk of gold on ten small as well as, for example, to exchange a five-ruble coin five ruble coins. This property of gold makes it an attractive investment.
The first experiment was aimed at demonstrating the liquidity of the market - is an attempt to resell a diamond. In a famous article published in 1982 in the magazine The Atlantic, Edward Epstein explains why sell a diamond can only be used for pennies:
Retail jewelers, especially the prestigious Fifth Avenue stores, prefer not to buy diamonds from their customers because their products stores will likely offer a ridiculously low price. Cornerstone in this procedure is the retail markup on a diamond, varying from 100 to 200 percent of the base cost depending on the rules of the store. And if the store buying diamonds from customers, he would offer them for wholesale patchogue long island price.
Most jewelers would prefer not to make an offer to his client, which can be perceived as an insult, much less questioning patchogue long island the popular idea that over time the price of diamonds is only growing. Moreover, as sellers tend to get diamonds from the supplier at wholesale prices and not pay for them until you sell, it is unlikely they would risk their money buying diamonds from customers.
When buying a diamond, you make a purchase at retail patchogue long island that includes a margin of 100 to 200% of the cost. If you want to resell it, you need to offer a price below wholesale to get the buyer to risk money. Given the retail margin, the selling price in the end will hit your pocket. This article also surrounds this dilemma figures:
Thanks to this monstrous retail margins, people who buy diamonds at retail and wholesale, unimaginable suffering patchogue long island financial losses. For example, Brod calculated that count