Discussion of Forex Trading and Currency Trading

Would diamonds, theoretically, be the ideal resource to back up a currency with?

talia, Amanda, thank you for your prompt response, i asked it in social science- economics and it was there for two days with 1 answer… you girls rock… jeje… be good. peace out.
Hey, hey, hey, PLEASE everyone STOP right there. Is something WORTH because of it's PROPERTIES or because they find much or less of it in this world????? Good. Thanks. So, would you rather back up the US Dollar with diamonds (carbon) or with gold (metal)???

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4 Responses to “Would diamonds, theoretically, be the ideal resource to back up a currency with?”

  1. t a l i a (again!!) Says:
    January 12th, 2009 at 6:59 am

    no, because it can be man made.

  2. no cause they are too small. its a lot harder to steal gold bars, they are heavy and bulky.

  3. NO.
    Value for diamonds is also size (carat wt) based.
    ie. a 4cw diamond is more than 4 times costlier than a 1cw.

  4. ideal in case no more diamond mines are found - same is true
    for gold. the more there are the more they lose in value.

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