Gold Or Diamond Worth More

Unlike oil the price of gold won t drop if the market suddenly becomes flooded with gold.

Gold or diamond worth more. In order to produce any minable concentration of gold that could be of market value the gold deposit would have to be 1 250 times more concentrated she said. Diamonds are not fungible. Gold is rare but diamonds are not. Normally diamonds are pricey.

Therefore half of a gold coin is worth half of what a whole gold coin is worth. Diamonds on the other hand are a. Well the truth is that both gold and diamonds have aesthetic value. Diamonds are not money.

Gold is worth more than diamonds diamonds do not have a universal absolute value whereas gold does. Oil is worth more than both gold and diamonds combined we rely on oil to power our economies. This gem can be termed as a concentrated way to store wealth. Gold has stood the test of time for thousands of years while diamonds only became a serious.

A gold coin does not become useless or worthless just because it s form has been altered. Diamonds are not money and diamonds are not currency. Since the value of gold is predictable and stable gold has more value than diamonds. People will be keener to buy diamonds that are branded in the coming years.

The difference between gold and diamonds becomes a lot clearer now. If rubies and pearls are perfect they can be higher than the price of diamonds.