Connect with us

General

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
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Business23 hours ago

Conveyor Belt Systems: 6 Ways to Improve Efficiency

You might think that conveyor belt systems cannot be improved because of the simplicity of their design. After all, how...

3D Rendering Terminology: Guide For Architects to Communicate With CG Artists 3D Rendering Terminology: Guide For Architects to Communicate With CG Artists
Tech2 weeks ago

3D Rendering Terminology: Guide For Architects to Communicate With CG Artists

When chipping away at a building representation project, a modeler and a 3D delivering worker for hire need to see...

Learn and Become A Professional DevOps Engineer! Learn and Become A Professional DevOps Engineer!
Tech2 weeks ago

Learn and Become A Professional DevOps Engineer!

Have you been having a tough time deciding what you want to do when you grow up? Once your school...

Debunking The Common Myths About Cosmetic Surgery Debunking The Common Myths About Cosmetic Surgery
Health2 weeks ago

Debunking The Common Myths About Cosmetic Surgery

Just a few years back, plastic surgery was thought to be some kind of sorcery or something that existed in...

Home Improvement3 weeks ago

How to Choose The Right Type Of Flooring For Your New Home

Building a house from scratch can be a tedious and stressful process even though you know you are doing something...

3 Ways To Style An Oversized White Shirt This Summer 3 Ways To Style An Oversized White Shirt This Summer
Lifestyle3 weeks ago

3 Ways To Style An Oversized White Shirt This Summer

If there is one staple item you need ready for your summer wardrobe, it’s an oversized white shirt. They are...

5 Tips For Picking The Perfect Wedding Ring 5 Tips For Picking The Perfect Wedding Ring
Lifestyle3 weeks ago

5 Tips For Picking The Perfect Wedding Ring

Your big day is coming up for your wedding day and you set the standards too high with your engagement...

What's That Thing Called? All You Need to Know About Your Car's Lift Struts What's That Thing Called? All You Need to Know About Your Car's Lift Struts
Autos3 weeks ago

What’s That Thing Called? All You Need to Know About Your Car’s Lift Struts

Imagine you’re out for grocery shopping or a weekend outing with family, and you need to load your shopping or...

10 Places to Explore In Ahmedabad Gujarat India 10 Places to Explore In Ahmedabad Gujarat India
Travel4 weeks ago

10 Places to Explore In Ahmedabad Gujarat India

In the state of Gujarat Ahmedabad or Ahmedabad is a significant region and one of the very prominent city areas...

Men’s Top Fashion Trends To Be Following Spring/Summer 2021 Men’s Top Fashion Trends To Be Following Spring/Summer 2021
Lifestyle4 weeks ago

Men’s Top Fashion Trends To Be Following Spring/Summer 2021

With us all being in lockdown on and off for a year, people are starting to get excited for the...

Find Blog Post Ideas Using Google Keyword Planner Find Blog Post Ideas Using Google Keyword Planner
Marketing1 month ago

Find Blog Post Ideas Using Google Keyword Planner

Being a successful blogger means that you have to create captivating and original content that will be helpful to your...

Best Vegan Egg Alternatives For Baking Best Vegan Egg Alternatives For Baking
Life Hacks1 month ago

Best Vegan Egg Alternatives For Baking

In recent years there has been a dramatic increase in veganism due to its numerous health benefits. People are much...

7 Smart Storage Solutions For A Small Bathroom 7 Smart Storage Solutions For A Small Bathroom
Home Improvement1 month ago

7 Smart Storage Solutions For A Small Bathroom

A small bathroom can be such a nuisance. You never have the space you need and everything seems to be...

What Are The Better Ways Of Building Data Lakes? : The Right Way Is Critical What Are The Better Ways Of Building Data Lakes? : The Right Way Is Critical
Tech1 month ago

What Are The Better Ways Of Building Data Lakes? : The Right Way Is Critical

The pattern is the main period that each enterprise needs to be conscious of if they need to generate greater...

Everything You Need to Think About Before The Road Trip Everything You Need to Think About Before The Road Trip
Autos2 months ago

Everything You Need to Think About Before The Road Trip

Road trips are perhaps the most flexible vacation format: they can be as long or fast, intense or relaxed, planned...

Categories

Archives

Trending