• TopRamenBinLaden
    link
    fedilink
    English
    arrow-up
    8
    ·
    edit-2
    1 year ago

    I’ll also add that diamonds don’t expire or go down in price. Storage costs are also very cheap compared to pretty much any other product. Basically, they are extremely cheap to hoard until they sell for the price that the owner wants them to sell for.

      • TopRamenBinLaden
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        1 year ago

        You are right. I guess I meant to say that there is no incentive to lower the price, because storing them is dirt cheap. The people that are hoarding them are able to keep the price high, unlike most other goods that have some sort of a shelf life or a smaller period of time to make profit.