Diamonds: A New Commodity for the Average Investor | Making Money With Matt McCall

On today's episode of Making Money With Matt McCall, Matt sits down with Cormac Kinney – the founder of the world's first producer of diamond commodities. His company is Diamond Standard, which is a technology developer, diamond market maker, and commodity producer in New York City. In other words, it created a whole new asset class and made diamond investing possible for the average investor. That gave Kinney and Matt a lot to talk about, including diamonds' impressive performance throughout history, where the market stands today, and where Kinney sees it heading in the future. Learn more at https://diamondstandard.co/ #diamond #investing #gold 00:00 What is Diamond Standard? 03:26 Price of a Diamond Standard coin 5:39 Can diamonds be a hedge against inflation? 10:00 Can investors buy diamonds through IRA? 10:41 How will the diamond be taxed? 11:50 Lab-grown diamonds v.s. natural diamonds 13:44 Diamond ESG 15:44 Diamond Standard bar vs coin 16:36 Gold v.s. diamond ➡️ Follow us on Facebook: https://www.facebook.com/StansberryResearch ➡️ Follow us on Twitter: https://twitter.com/stansberry ➡️ Follow us on Instagram: https://www.instagram.com/stansberry_research ➡️ Follow us on LinkedIn: https://www.linkedin.com/company/stanberry-research