Invest in Diamonds or Gold in 2011?
If you had asked this question two years ago then the answer would be simple. If you had asked this question just last year the answer wouldn’t have been so simple, but this year the answer has completely tilted to the other side.
Gold is no longer king!
Diamonds are back! The diamond consumers are increasing everywhere. China and India are more and more buying diamonds nationally and internationally and diamond production and value has increased by 50% in 2010, and it keeps increasing at an even faster rate in 2011!
Right now, at this very moment, is the moment to buy diamonds. There may never be such a better time to buy diamonds. Don’t be surprised if diamond prices double by 2012 and triple by 2013. The fact is, if you have a big diamond, you have something of incredible value that many people will want to invest in.
How much money do you have to invest? If you have less than $400 to invest, perhaps consider investing in gold or silver, although I seriously recommend that you start looking into the diamond market right now, and that you especially consider buying diamonds online (They are usually 40% cheaper and of a higher quality due to the competitive nature of the Internet).
If you’re going to invest in a diamond, it is recommended that you invest at least $2500. You can, of course, invest less, but remember that the higher-end diamonds are rarer, and thus, much more valuable. A $300,000 diamond today can be sold for $600,000 in a year.
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