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<blockquote data-quote="Dannyalcatraz" data-source="post: 9832673" data-attributes="member: 19675"><p>Yes. I’m selling something I own that I acquired by 100% legal means.</p><p></p><p>Yes. In my case, it’s classic buy low- then <em>wait</em>- then sell high.</p><p></p><p>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.</p><p></p><p>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.</p><p></p><p></p><p>$50k in a day ain’t bad, but it’s not sustainable <em>for me</em>. So no, I can’t get rich this way.</p><p></p><p>But someone with more resources and connections at their disposal, potentially yes.</p><p></p><p>(The specter of the ethics of mining operations looms large, however.)</p><p></p><p></p><p>No clue. But I made most of my gemstone purchases at trade shows that took me about 5-6 work days per year.</p><p></p><p>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.</p><p></p><p>And I knowingly passed on deals that would have had ridiculous ROIs because I couldn’t afford to stretch my budget any more <em>at that moment in time</em>. I’ve handled stones that went from $3000 to $30,000 in 6 months.</p><p></p><p>Superman, with education & training, could easily make himself pretty rich as a miner using his powers. He could literally <em>see</em> 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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="Dannyalcatraz, post: 9832673, member: 19675"] Yes. I’m selling something I own that I acquired by 100% legal means. Yes. In my case, it’s classic buy low- then [I]wait[/I]- then sell high. 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 [I]for me[/I]. So no, I can’t get rich this way. 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. 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. And I knowingly passed on deals that would have had ridiculous ROIs because I couldn’t afford to stretch my budget any more [I]at that moment in time[/I]. 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 [I]see[/I] 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. [/QUOTE]
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