While it seems there is nothing but bad news when it comes to COVID-19 that gets any media attention, I for one am hopeful that this week marks a turning point of sorts for Australia, with New South Wales beginning a return (however slowly) to what might be termed normal.
We are certainly looking forward to being able to welcome clients of Australian Diamond Portfolio back to our offices in Sydney, as well as re-open our doors as it were to potential investors who may wish to learn more about the incredible investment opportunity pink diamonds offer today.
To that end, in this week’s market update, we look at an incredible news story that is gaining attention in the United States that highlights the very real risk that we see much higher inflation in the years ahead, and why this supports the investment case for pink diamonds.
We also touch on the just completed, last ever ‘Argyle Pink Diamond Tender’, the results from which we expect to hear about in the media within the next few weeks.
One platinum coin, one trillion reasons to buy pink diamonds
In the United States, the government owes 28.8 trillion dollars to households, businesses and other governments, an amount equal to $228,000 for each and every American taxpayer.
As a share of economic output, the government debt to GDP ratio is over 125%, having risen from just 56% in the year 2000.