are diamonds a good investment
I have been reading more about investing because I realized I have no actual plan. Just some cash sitting around losing value to inflation. The thought crossed my mind the other day, trying to be smart with my savings, are diamonds a good investment right now compared to other assets?
A friend of mine bought a loose diamond a few years back and swears it was a genius move. But when I asked how he would sell it, he kind of shrugged. That part stuck with me. It feels like something that sounds stable, but I am not sure how liquid it really is.
Also I keep seeing mixed opinions online. Some people say diamonds are rare and will always have demand. Others say the supply is more controlled than people think. I am not against the idea, I just dont want to park money somewhere I cant easily access if life happens. Not sure if I am being cautious or just clueless.