re: who is paying attention to womens diamond wedding rings

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Not really. It’s no different than investing in gold.

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To my knowledge, no nation has ever pegged its currency to diamonds. Even South Africa. As noted earlier, the ridiculous value on diamonds is a fairly recent thing, less than a century old, not a cultural tradition, but an astroturfed Madison Avenue campaign.

When things go to hell again and empires fall... and they always eventually do... it'll be gold, once again, that's the standard for value. I'm not a gold bug, but its hard to argue with human history. Humanity, for whatever reason, has always equated that shiny yellow metal with wealth.