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RE: Gold and Silver: How and Why did these curious metals find themselves at the center of the financial universe
Yes diamonds are an interesting example. I am of the opinion that they can't be used as they are not uniform. 1 gram of a clear diamond isn't as valuable as one gram of a cloudy cracked diamond. There is also no easy way of dividing the diamond without affecting reducing it's value considerably (10x0.1 carrat diamonds are worth alot less than 1 carrat)