Connect with us


Jewellery – Is It Worth It?

Jewellery – Is It Worth It?

Most people love jewellery, either to wear it themselves or to present it to someone they truly care about. Although the majority of gold jewellery is mainly used by women, even men find jewellery fashionable enough. However buying jewellery for the sake of owning something nice is an acceptable initiative, buying jewellery as a form of investment is not a wise decision.

Jewellery – Is It Worth It?

As mentioned earlier, although it is always nice to have gold jewellery, when it comes to selling them, the entire scenario flips over. The reason behind this fact is due to the gold content that is in the jewellery and the workmanship involved in creating the piece. Gold jewellery normally contains different amounts of gold as, gold is too soft to be made into jewellery that lasts thus, the goldsmiths usually add other metals to it to make them harder and durable depending on the ‘karat’ the lowest being 10 karats and the highest being 22 karats which is 91.6 % gold. 24 karats is pure gold and these are only used for gold bullions and gold coins. Coming back to when you sell gold jewellery, an individual takes a piece of gold jewellery to the gold dealers, they must be essentially prepared to lose the money that they paid for the workmanship and the money they paid for the content of the other metals as the gold dealers would only compensate them for the total gold content in the item based on the world market price of gold.

To buy or sell gold jewellery is not a viable ‘investment act’ because people who own gold jewellery actually stand to lose a lot when they sell them due to jewellers high margins. Instead of buying gold jewellery, it is often better to buy silver jewellery as they are relatively much cheaper and they still look good, basically buying gold in general should be an investment act and the best way to invest in gold is by buying bullions or gold coins (although gold coins do carry a small premium that is the cost of minting – it is negligible). There are 2 ways that one is able to buy gold related investments; one is by actually buying the gold physically from dealers and keeping them and the other is buying a piece of paper that declares you are the owner of a piece of gold stored in some vault somewhere across the ocean. Buying bullions is the best way to make ‘gold investments’ only because the price of gold has always been going upwards according to its ‘real value’, although the prices of gold to fluctuate now and then the general trend is constantly going up on average. It would be safe to say that in 10 years the price of gold may be 3,000 dollars an ounce based on the price movements of gold. So the moral of the story is that buying gold jewellery as investments – again- is not a very good idea. If buying jewellery is the only option you have towards owning physical gold and you would not have it any other way, buy 2nd hand jewellery and pay no more than 80 % of the value of spot gold prices if you are planning to hold them as investments. This way, you avoid paying for the workmanship as well as the other metal content in the piece.

Continue Reading

Recent Posts

Autos2 days ago

In a Car Accident? Here’s How to Find a Great Lawyer

If you’ve recently been in a car accident, you know that it can be an overwhelming experience. Not only do...

Education3 days ago

Considering Therapy? Here’s a Few Common Therapy Techniques Explained

If you’re considering therapy as a means to improve your mental health, you may be curious about the type of...

home repairs home repairs
Home Improvement4 days ago

Top 5 Home Repairs You Should Never DIY

DIY home repairs are all the rage these days. But before you jump on the bandwagon, there are some things...

Health2 weeks ago

The Power of CBD Oil for Relaxation: How to Use it for Sleep and Stress Relief

If you’re struggling to get a good night’s sleep or feeling stressed, try CBD oil. CBD oil has a moment...

General2 weeks ago

Benefits of Getting your Mobile Phone Repair

Mobile phone repair is a task that needs high skills and experience. That is why we always recommend users trust...

Home Improvement2 weeks ago

Great Ways To Clean To Get Your Security Deposit Back In Full

Moving is almost always stressful as there are tons of things to plan and do. Getting your security deposit back...

Home Improvement2 weeks ago

DIY Garage Door Repair: Tips and Tricks for Fixing Common Problems and Maintaining Your System

If your garage door needs to be fixed, wait to call a repairer. Many common problems can be fixed quickly...

Education4 weeks ago

7 Tips to Choosing the Right University for You

Are you considering continuing your education at university? If so, it can be overwhelming to decide which school is right...

Finance1 month ago

3 Ways Loans from Credit Unions Are Different From Major Banks

If you’re in the loan market, you may wonder if a credit union is the right choice. Here are three...

Food1 month ago

The World of Coffee: Exploring the Aromas, Flavors, and Benefits of the World’s Most Popular Beverage

Coffee is one of the world’s most popular beverages, enjoyed by people of all ages and backgrounds. It’s also one...

Education2 months ago

New Driver? 5 Things to Consider When Looking for Driving School

When it comes to choosing a driving school, there are many factors to consider. Not all driving schools are created...

Home Improvement2 months ago

Landscape Irrigation Systems: The Basics

If you’re a homeowner, you know that keeping your lawn and landscaping looking nice can be a lot of work....

Travel2 months ago

5 Things to Look for in Luxury Hotels

When it comes to luxury hotels, there is a lot to look out for. Here are five key things that...

Home Improvement2 months ago

Is There a Difference Between Commercial and Residential Concrete?

If you’re a contractor, you know that concrete is a versatile construction material. But did you know that there are...

Law2 months ago

5 Tips to Find the Right Litigation Firm

When it comes to selecting the right litigation firm for your legal needs, choosing wisely is of utmost importance. It’s...