Time to get greedy
In just over two weeks, we will officially be halfway through calendar year 2023.
So far, it’s been something of a mixed bag for investors, with inflation still problematic, the economy slowing down, interest rate rises hurting people with a mortgage, housing in the doldrums for the first part of the year, and the Australian dollar falling.
On the flipside, equity markets have been very strong (indeed too strong as we highlight below, given how greedy everyone appears to have become) and housing has begun to recover, for now at least.
Most importantly for our readership, niche assets like pink diamonds have continued to stay strong in price, with the performance of pink diamonds in fact boosted by the decline in the value of the Australian dollar vs the US dollar.
Below, we highlight why of all the things we’ve mentioned above, it’s the continued strength in the pink diamond market that we are most confident about.
Brand New Year. Same Old Story!
The clock has officially ticked over into the new financial year, with July often marking the point where investors reassess their portfolios, looking at what assets to trim, as well as which ones to buy.
Inevitably, it also marks the time where market commentators issue a plethora of news updates, many hoping to highlight ‘the next big thing’ that investors should be chasing.
From our perspective, despite it being a new financial year, it’s going to be largely the same story when it comes to the key drivers of financial markets, as well as property and commodity prices, with the risks and opportunities for investors essentially unchanged.
And that story, at a high level, is as follows:
We highlight why the above backdrop will continue to favour pink diamonds in detail below.
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