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Lived_1978-2043
Stranger

Registered: 01/09/15
Posts: 357
Last seen: 8 years, 4 months
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Industries
#22052078 - 08/06/15 07:30 AM (8 years, 5 months ago) |
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In general, which industry makes the most money, between the oil industry and the diamond industry?
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,342
Loc: attending Snake Church
Last seen: 6 hours, 44 minutes
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The value of the oil industry is the largest in the world.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Diamonds aren't worth a terribly lot. Their price is set by the de beers cartel that has 80% of of production and warehouses of supply to artificially inflate prices. Diamonds weren't even used in engagement rings until the 1930s as part of de beers marketing campaign.
Rubies and saffires have traditionally been much more valuable.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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TravelerOfSorts
sober pro


Registered: 06/29/11
Posts: 492
Last seen: 2 years, 4 months
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How about this thread? I would like to be investing in the future of markets, so basically not even electricity but like mushroom technologies which will be the thing.
-------------------- a soul of solitude but a master of ecstacy in waiting for my rebirth cycle i have hopes that when mushrooms find me it will occur then and i can go about the world as a medicine man walking staff in one hand spaceship in the other a journeyman of nature soon to be stepping up to novice hopefully i will have time to become an expert, and i believe only in death will i become a master
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Ahab, you are right. Diamonds are a racket controlled by a mafia type group. They have such an oversupply of diamonds that if they were all put on the market at once prices would drop drastically and never recover. They divvy up quotas and only sell as many as the market will absorb. When large diamonds became scarce and small ones were plentiful from recent mines, they shifted advertising to show clusters of small diamonds so they could sell them.
It worked, people are brainwashed and think they are a good investment. Gem quality diamonds should sell for around $50 to $100 a carat and industrial diamonds for a tenth of that or less. They even are able to make flawless diamonds in the laboratory now. It takes a lot of equipment and the details are secret but its been done. They are just pretty rock crystals and not that rare.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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