which is best gold or diamond..?

[pihujain]

Hello friends,

which is best gold or diamond..?

 

 

[Nilde Lucchese]

Indicator preference is highly important for traders because an ineffective indicator serves traders with wrong signals. I use fibonacchi to find out important trading points on the market and it works as a guideline. It shows traders with different trading angles and points. Moving average and RSI are good indicators. FXOpulence puts no restrictions on using indicators.

[⭐ Peter]

On 3/5/2022 at 6:38 AM, pihujain said:

Hello friends,

which is best gold or diamond..?

One big difference is that - historically - Gold is money, diamonds were never money.

That means that gold is more liquid than diamonds, you can sell gold very easily, it's accepted all around the world, against goods, services or currencies.

Diamonds aren't that liquid, they can be only an investment.

 

 

[maspluto]

Analytical skills play a significantly crucial role. That's why I consistently work on developing my analytical abilities, aiming for continuous growth and the ability to trade at my maximum potential.

[Hanan Öberg]

Gold and diamond both hold unique value, but their worth depends on purpose. Gold is timeless, liquid, and widely used for investment, making it easier to trade or store wealth. Diamonds, on the other hand, symbolize luxury and rarity, valued more for beauty than liquidity. For investment, gold is safer; for elegance, diamonds shine.

[sendong]

gold all the way, diamonds are kind of a scam, and their value after sales fall drastically since its not really that rare and lab grown are easily done. unlike gold the supply is steady and it can only be mined thats is. 

[tradesprint]

Gold can be in reach of many however the diamonds might not be in reach of everyone. Also we can trade gold in various markets and still make money like gold future contracts, cfds, etf etc on many brokers and exchanges like hfm, xm, lmfx etc.

[pradegxs]

Gold is money and far more liquid, while diamonds have retail spreads and resale friction. From a trading/investing lens, XAU wins - deep markets and multiple vehicles (futures/CFDs/ETFs); diamonds are for luxury, not execution

[yungtrippo]

I think gold, but you if you know what youre doing you can invest in other Mining Stocks too, this is good niche BUT only if you know what are you doing this is very important! 

[Zeologic]

It probably depends on the purpose of ownership. Gold is more liquid and known as a safe-haven asset amidst global economic uncertainty. Diamonds are considered a luxury item, expensive but rarely in demand. Personally, I prefer gold because it's easy to sell and can act as a hedge. I also trade XAUUSD, which represents gold and the USD for short-term trading on the FXOpen platform.