Yes. I’m selling something I own that I acquired by 100% legal means.But is that a honest day’s work? By which I mean, you make that money because you have those gems and jewellery;
Yes. In my case, it’s classic buy low- then wait- then sell high.do you make a profit compared to where you bought them,
According to a 1998 article in The Lapidary Journal, in the 1960s, DeBeers pitched the concept of the “investment” diamond: $1000 for a 1ct round, brilliant cut stone of the highest clarity & color that would almost certainly increase in value over time. By 1998, such a diamond cost $16,000.
In contrast, that same $1000 would have bought thousands of pounds of gems grade blue chalcedony. Over the same elapsed time period, that purchase would have been worth $2.5M.
$50k in a day ain’t bad, but it’s not sustainable for me. So no, I can’t get rich this way.and if so is it enough to get rich (whatever that means in this case)?
But someone with more resources and connections at their disposal, potentially yes.
(The specter of the ethics of mining operations looms large, however.)
No clue. But I made most of my gemstone purchases at trade shows that took me about 5-6 work days per year.Your labour is, of course, finding and buying those pieces and then finding someone who will pay more for them - what’s that as an hourly rate?
I made my first purchases on a budget of $500…which I stretched to $1000. The most I ever spent at a single exhibition was $6000.How much initial cash do you need to make a decent profit? And is it something that our Superman can do (or indeed do better because he’s Superman)?
And I knowingly passed on deals that would have had ridiculous ROIs because I couldn’t afford to stretch my budget any more at that moment in time. I’ve handled stones that went from $3000 to $30,000 in 6 months.
Superman, with education & training, could easily make himself pretty rich as a miner using his powers. He could literally see where to mine. He could reach deposits without using unethical labor practices, heavy mining equipment or strip mining. Arguably, his suite of powers might make him a hell of a stonecutter, too.
But considering that the largest nuggets of gold (a bit over 100lbs) have been valued in the 10s of millions, he wouldn’t have to be.


