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Serious Business

Business & Finance

Dogloose recommends CurrenScene.com and DiamondBuyersClub.com

The Drunk In The Front Row

Written by: dogloose
Category: Serious Business
Hits: 3917

Back when I was in high school my guitar instructor gave me a lead about a local band that was looking for a guitarist. So I call them them up, speak to the manager and arrange for an audition. On the day of the audition my mom drives me down to Park Slope, which at the time was not such a good part of Brooklyn. I meet the band and the manager and I pass the audition. Boom! I’m in a band!

Read more: The Drunk In The Front Row

The Diamond Invention - Forever Means You Just Can't Sell 'Em

Written by: Edward Jay Epstein
Category: Serious Business
Hits: 4114

In spite of ups and downs over decades the price of diamonds has remained essentially stable and under total control of nothing short of a racket. Created and managed by the De Beers cartel, the value of what were once just rocks in the ground has risen to the point where they are now coveted and revered around the world. And once you buy one, well, it's yours - forever! In the February 1982 issue of The Atlantic magazine, noted author Edward Jay Epstein laid out how it all began in a piece entitled: Have You Ever Tried to Sell a Diamond? The story is both fascinating and revealing.

Read more: The Diamond Invention - Forever Means You Just Can't Sell 'Em

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Currency Blog

  • Will ATM Operators start accepting BitCoin

    In Korea a company called Coinplug allows ATM operators to accept bitcoins. Over 7000 ATMs can now accept bitcoins in Korea thanks to the ATM manufacturer Nautilus Hyosong.

  • Why Africa's mobile money revolution can reduce poverty

    When farmer Isaac Tondo fell on lean times in Liberia's long rainy season, his brother in the capital sent 8,000 Liberian dollars (US$87) to his Lonestar mobile money account, ensuring his children's school fees would still be paid.

  • Is Gold Really A Safe Investment?

    Gold has long been considered a safe haven for investors who wish to insulate themselves from the whims and fancies of the volatile markets of both stocks and bonds. True? Or just another myth promoted by hype-sters who would just love to sell you... well... some gold! Martin Krikorian breaks down the myth with a practical look at the real value of gold.

  • Identifying limits associated with branch cash management

    Over the past few years, industry experts have predicted the end of physical branches and that customers would progressively move away from cash transactions. However, in an article that was published in 2012, McKinsley & Co. showed that the share of cash in all American retail payments was still nearly one-third. This has forced financial institutions to re-think their models to better predict the amount of cash they’ll need to accommodate their account holders.