Precious Metals Market Update
Special Alert From Tom Cloud: The Hardest Asset Just Became Liquid
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:11:30
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In this latest episode of our Precious Metals Market Update, precious metals advisor Tom Cloud discusses the value of investing in diamonds. Watch this episode on Youtube here: https://www.youtube.com/watch?v=o93nmxrV7JMWant to speak with Tom Cloud by phone?Call him today at (912) 771-9353Many of our viewers may not be aware that Tom Cloud actually launched a diamond and gem business (Turamali, Inc.) one year before he opened his precious metals business (Cloud Hard Assets.) As an expert in the diamond market, Tom has sold millions of dollars of physical diamonds over the years.However, as Tom explains, the diamond market has long been a tough space for investors due to extreme illiquidity, large bid/ask spreads, and no price transparency. Further, because each diamond is unique, they are not fungible, which makes the market very challenging for investors. However, all of this has recently changed as the hardest asset (diamonds) has now become liquid thanks to blockchain technology and NFTs (non-fungible toke