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une 2022. – The last three are industrial catalysts, used mostly in automobile production – Can be both a hedge against inflation and a safe haven during political or economic upheavals 1718 Investing in Precious Metals, Gems, and Collections (continued) ? Precious Stones – Precious stones like diamonds, sapphires, rubies, and emeralds can be a hedge against inflation – Appeal to investors because of their small size, ease of concealment, inflation hedge, and great durability 1719 Investing in Precious Metals, Gems, and Collections (continued) ? Risks include.. – Not easily turned into cash – Difficult to know if you are getting a good stone – De Beer’s controls 85% of the world’s supply of rough diamonds – Expect to buy at retail and sell at wholesale 1720 Investing in Precious Metals, Gems, and Collections (continued) ? Collectibles – Includes rare coins, works of art, antiques, stamps, rare books, sports memorabilia, rugs, Chinese ceramics, paintings and other items that appeal to collectors and investors – Can be a good investment and a hobby, or a financial disaster – It’s ―buyer beware.‖ Be careful of investment scams and feries – Know dealer’s reputation and be wary of promises. Get a second opinion – Use mon sense amp。Chapter 17 Investing in Real Estate and Other Investment Alternatives McGrawHill/Irwin Copyright 169。 Mortgage REITs loan money or invest in mortga