Diamonds as inflation hedge draw investor interest
James M. Howard of American Diamond Co. argues investment grade diamonds offer a strong hedge amid uncertainty. He notes a two carat D flawless diamond bought 25 years ago for 4000 could be worth 200000 now, and rubies are rarer and likely to rise. He cites a 10 carat ruby for 550000 and says many clients start at 10000.
MENTIONED IN THIS ARTICLE
Rocky River
James M. Howard
Cleveland
American Diamond Co
ADC
Howard
London
Paris
Israel
Investment diamonds touted as smart long term buy
The American Diamond Co. pitches investment grade diamonds as prudent assets with high past appreciation. They claim diamonds outperform gold and stocks over a decade, noting low supply, private sales, and favorable tax treatment. Inflation, tax, and market comparisons are discussed with various studies cited.
Market Opens Higher on Hopes for Rate Cut
New York stocks rise as hopes grow for lower interest rates. Dow Jones gains 411 points to 96.73 in early trading with more advancers than decliners on the NYSE. Investors note the Fed’s money supply decline signals inflation fighting progress. Sony, LTV, International Paper, and General Motors show mixed initial moves.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Ohio grain prices and death with dignity bill hearing notes
Prices show northeast Ohio and central values for No 2 wheat corn oats and soybeans with mixed changes. Akron judge Spicer and Dr Gene Samuelson will speak at 2 15 p m Tuesday in Columbus before the House Civil and Commercial Law Committee supporting the death with dignity bill now in its fourth hearing.
MENTIONED IN THIS ARTICLE
Ohio
W.F. Spicer
Akron
Edna Leach
Gene H. Samuelson
East Liverpool
House Committee On Civil and Commercial Law
Columbus
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Robert Penick
Business News
Smithsonian Institute
New York Times
General Motors
Scarsdale
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Fed
Sony
International Paper
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Ally
Ing Cdn
le Chrysler Coaly Cin Gas
Cora Cala
Y Colgate
Calumbia Gas
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Can Edison
Consumwr
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He Cook
Curtiss Wr
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East Kodak Ja
Smucker
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Athett Umroy Inc
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Bendix
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Gyp
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Ind
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the Southern Co
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Lorain
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Frm
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Hunter
James Head
Callec
PARKER/HUNTER INCORPORATED
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New York Stock Exchange & Other Leading Exchanges
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Em TL
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Simpson
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Cleve
AYRIA
Brood S
Petrocelli
Givenchy
Cricketeer
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Enro
Napens Midway Mall
Pierre Cardin
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Silton
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