- Joined
- Jan 7, 2009
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Little more detail....
For those who've been to my home- the vaunted 47th Street Diamond District in New York City will be familiar with this.....
As you walk down the street, the stores have "barkers" outside. As you stroll past they aggressively ask " You buying, You selling????
Of course, it's easy to understand the buying question.....but these guys and gals make MORE if they snare a sucker....... I mean person, selling.
There are people with stacks of benjamins. Ready to use. IF they can buy at .10cents on the dollar. The ONLY reason for them to buy is if it makes NO sense not to.
Apparently, a lot of folks are in such a weak position, they're willing to sell to them ...so the barkers have been there for 50 years and never left.......
I feel badly for people who were sold diamonds based on their resale value.
And yet I still get newsletters all the time telling me how Argyle diamonds are better than NVIDIA.......sheesh
For those who've been to my home- the vaunted 47th Street Diamond District in New York City will be familiar with this.....
As you walk down the street, the stores have "barkers" outside. As you stroll past they aggressively ask " You buying, You selling????
Of course, it's easy to understand the buying question.....but these guys and gals make MORE if they snare a sucker....... I mean person, selling.
There are people with stacks of benjamins. Ready to use. IF they can buy at .10cents on the dollar. The ONLY reason for them to buy is if it makes NO sense not to.
Apparently, a lot of folks are in such a weak position, they're willing to sell to them ...so the barkers have been there for 50 years and never left.......
I feel badly for people who were sold diamonds based on their resale value.
And yet I still get newsletters all the time telling me how Argyle diamonds are better than NVIDIA.......sheesh