
Michael Wilkerson
1.1K posts

Michael Wilkerson
@MW_Stormwall
Founder of Stormwall Advisors, host of https://t.co/ldhiK70zuT, and author of Why America Matters. egoz.eth









The Diamond Cartel Panics How lab-grown diamonds are cannibalizing the overpriced luxury market Something strange has been happening in the diamond market in recent years. In an inflationary period where other “store of value” commodities such as gold and silver have been appreciating in value, diamond prices have been in free fall. Since peaking in March 2022, an index of diamond prices has declined by over 40 percent. Over the same three year period, gold and silver prices are up by 42 percent and 25 percent, respectively. What explains the relatively sudden and fairly dramatic drop in diamond prices? Is it demand? Do women no longer see diamonds as “a girl’s best friend”? The drop in diamond prices does not appear to be part of a normal demand cycle of highs and lows, one which eventually reverts to an upward trend. Rather than a cyclical decline, the three year plunge in diamond prices may reflect the beginning of a long-term, secular decline. If so, this epoch marks the end of a hundred-year-long, marketing driven bubble in diamond prices. The answer as to why this may be the case lies in the supply chain, not in a shift in demand. Read the rest of the article paywall-free on my website here: stormwall.com/the-diamond-ca…








🚨🇺🇸Chamath nailed it: if you're not energy independent, you're always one crisis away from getting screwed: “I think two things, and the president kind of alluded to one that I think is very important, which is that if you are not energy independent, you are at risk." I don’t know how many more examples world leaders need to be shown to get their acts together.” Source: @theallinpod @chamath







