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
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Recent Posts

Autos2 days ago

Choosing the Right Tail Lights for Your Car or Bike

If you need new tail lights for your car or bike, you’ll want to take several factors into consideration so...

End of lease cleaning in Melbourne End of lease cleaning in Melbourne
Home Improvement2 days ago

End of lease cleaning in Melbourne – Move in and Move out easily

If you are a tenant, you are sure to be aware of the fact that you get to move into...

team in Sydney team in Sydney
Lifestyle2 days ago

Tips in finding a trustworthy removalists team in Sydney

Relocating to a newly rented or leased house space can be a tedious and time-consuming process to perform on your...

Lifestyle4 days ago

4 Fashion Additions to Complete Your Outfit

A wonderful outfit can make you appear and feel like someone who can conquer the world without even breaking a...

Autos5 days ago

How to Go about Selling an Old Car for Parts

Selling an old car for parts is easier than most people realize, and your junker could be worth quite a...

Business2 weeks ago

4 Things to Consider Before Choosing a Feed Tank for Your Manufacturing

In every day manufacturing you may find that you need a feed tank for your operation. Selecting the right feed...

Tech2 weeks ago

How to Find a Phone that Fits your Needs

Are you looking to buy a phone that may suit your needs without poking a hole in your wallet? You...

Lifestyle2 weeks ago

Elegant Dinner: 4 Ways to Fancify Your Next Get-Together

Throwing a social gathering in the comfort of your own home can be a joy. If you want your upcoming...

Autos2 weeks ago

5 Issues You May Face in the Aftermath of an Auto Accident

Being involved in a motor vehicle accident is something we all would like to avoid. However, no matter how safe...

Business3 weeks ago

5 Ways Guest Posting Can Help Grow Your Online Audience

Guest blogging is the process of posting your original content on someone else’s website. This might seem like a counterproductive...

Home Improvement3 weeks ago

4 Important Ways You Can Update Your Decades-Old Home

Modernizing an older house doesn’t need to be a time-consuming or expensive process. With a few simple upgrades and a...

General3 weeks ago

3 Ways to Strive Toward Better Sexual Health

September is World Sexual Health Month! A critical part of our overall well-being is sexual health. This month is the...

Finance4 weeks ago

Strapped for Cash? 5 Ways to Earn Money Quickly

The dream is to be in a position where you don’t have to worry about money. Until that dream becomes...

Autos1 month ago

4 Signs Your Transmission May Be Going Out

Of all the mechanical problems that your vehicle might have, a transmission issue is perhaps the most dreaded. If you...

Ideas to Increase Attendance Ideas to Increase Attendance
Tech1 month ago

Creative Event Promotion Ideas to Increase Attendance

In modern and challenging world technology integration is considered as the crown of the successful business. Technology revealed the consistent...