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06:55 PM
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ASTRONOMERS discover PLANET made of DIAMOND!!! Race to space 5,4,3,2,..
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[quote:Anonymous Coward 1067996:MV8xNjExNjcwXzI2NjE2NjcwXzE0M0VCQzJD] [quote:RPR:MV8xNjExNjcwXzI2NjE2MzUyX0NFQ0Q3RDY5] [quote:A Nonny Musc Oward 1067996:MV8xNjExNjcwXzI2NjE2MjUxXzU2MDY0NkU0] With your understanding of the concepts of supply and demand, I'll just bet you are super wealthy. [/quote] Who? [/quote] The person who thinks that increasing the supply to outstrip any possible demand would somehow make an item MORE valuable, rather than less. Value is increased by two things: Short Supply or Panic (Bubble) buying. Gold, for instance, has a limited supply (on earth anyway), but it's not really good for much. So the increase in price at this moment is all panic/bubble buying. If the Moon was suddenly discovered to be pure gold, the gold on Earth would be worth absolutely nothing. $0 dollas. Diamonds are exactly the same. There are plenty of them, but the diamond cartels drive up the price by keeping the supply low and by using Hollywood (and other mass media markets) to promote their product. If cartels did not run the diamond market and people were allowed to just mine and refine diamonds, they would be worth pennies. Literally. They have almost no value other than some industrial uses. [/quote]
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link to www.tgdaily.com
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I bet there will be a race to space now lol!!!
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