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.
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.
Best Designing Resources Every Kids Book Illustrator Should Read
As business owners in the world of information technology, our wishes always revolve around getting more and more customers to...
What to expect from a Criminal Defense Lawyer?
As a member of the close-knit circle of an alleged crime or who is a sentenced criminal looking for an...
5 Types of High-quality Firewood in Sydney to Buy for Clean Burning
Homeowners who use firewood to keep their place warm during winters know that different types of wood burn differently. From...
Benefits of Xamarin Mobile App Development
Cross-platform apps are the major game changer of the present industry since there is no need to work on multiple...
10 Benefits of Guest Blogging for Online Business
If you own an online business, then you need to add guest blogging to your digital marketing mix. Guest blogging...
10 Best Cities You Need To Visit In Texas
You might have heard a lot of people say that “Everything is bigger in Texas“. Well, there is no doubt...
7 Most Attractive Bookshelves to Adorn Your Home Decor
Whether you’re an avid reader or a design enthusiast, there is nothing you would love more than a stylish and...
Let’s not sit Idle and Paint Something New!
We have already listened countless times that “don’t sit idle” and “try to utilize your time productively.” But did we...
Get the Best things for Thai Bride
Thailand is rich with beautiful girls, and the enormous piece of them wouldn’t fret dating outsiders. These are about the...
10 Largest Cities In Texas By Population (2020)
Western countries are way less populated than eastern ones. But the west is also playing a part in increasing the...
The Greatest Night Clubs in Las Vegas for Bottle Service
Las Vegas is loaded with the dance club and picking one can be a significant undertaking for somebody who is...
Why is Investing in Healthcare is the Best Option for Medical Professionals?
Healthcare industry is considered as one of India’s largest sectors, both regarding employment and revenue generation. It is expected to...
The need and use of the Vial Box
There are a lot of healthcare professionals and caregivers that have to assist the living facilities and there are a...
How To Buy an Abstract Rug Online and Avoid the Mistakes Involved
We are currently living in the golden age of nesting. Especially as part of the millennial generation, we gravitate towards...
Begin Your Love Story With Disabled Dating
We want you to know – you aren’t DISABLED, you are just differently-abled because the only disability in life is...
- Tech5 years ago
Creating An e-Commerce Website
- Tech5 years ago
Design Template Guidelines For Mobile Apps
- Business4 years ago
The Key Types Of Brochure Printing Services
- Travel8 years ago
Who Else Wants Also Nfl Hat
- General5 years ago
Kobe Bryant With His Unique Nba Jerseys
- Tech5 years ago
Climb Google Using These Checklists
- Tech6 years ago
Why Small Businesses Can't Ignore Mobile Technology
- Health6 years ago
Health Supplements For Sports Activities Nutrition