Why Invest in Gold Jewelry Pieces
You have probably seen a late night gold jewelry buyer commercial. Most of these commercials are for places that want to convince you to move your jewelry fast. They don’t even try hard to hide it a good portion of the time. You may be wondering why then you should follow the advice of investing in gold jewelry pieces. There are plenty of good reasons as to why you should invest in gold jewelry.
There Are Good Gold Buyers
Despite the cheesy infomercials there are gold buyers that are legitimate. There are plenty of places that will buy your gold at reasonable prices. To find one of these turn to a service such as Yelp or Google Maps to locate gold buyers nearby. Once you have some company names nearby you turn to the Better Business Bureau and TrustLink to investigate the businesses. Both of these websites take customer experiences and complaints and rate businesses.
Gold Is A Strong Investment
It is true that gold is currently at a very low cost but that is because the stock market is alright. This is the phase during which you want to invest in gold. It is part of the gold trend. As the stock market starts to go down the prices of gold start to go up, making gold the perfect investment for those who want certainty during bad times. This trend has held up over many years.
Gold Jewelry is Easy To Store
Gold jewelry doesn’t come in large forms such as bricks and sometimes is even smaller than coins making it extremely easy to store. Many people choose to put it in a safety deposit box at their local bank or in a fireproof safe at their houses. Depending on your home owners insurance you may or may not be covered for gold stored on your property.
Gold is The Oldest Currency
There have been many currencies around the world, most recently we have been using paper, plastic, and digital currencies to represent something don’t have a real value, only an assigned one. Gold sits in the background used by only a few but it is the original currency. Since the beginning of time people have been using gold as a currency.
There are a variety of options for those looking to invest in gold jewelry. That means that no matter how much money you have there is an option for you. The value of gold is determined by two factors, the karat number and the ounces. Karat represents the percentage of gold that is in an item and for jewelry varies from 24K (pure gold) to around 10K (41.7% gold). The actual value of your gold is a combination of the Karat number and how much your gold weighs in ounces.
Jewelry is Attractive
Jewelry typically stands a better chance of selling because it is attractive to buyers, even in bad times. You don’t just have the option of selling it to potential investors, you can also sell it to those who are looking for jewelry to wear. When you buy gold jewelry invest in stuff that you would wear, not just stuff that is worth a lot of money for the gold. This will increase the salability when it comes time to offload it.
Sometimes gold jewelry can get a higher than market value sale price because it not only is an investment but is wearable.
No Special Requirements
When investing in gold jewelry there are no special requirements for buying it. When you got to invest in a gold IRA rollover or another similar gold investment you have to set up an account and pay fees. Jewelry has no fees unless you choose to store it in a safety deposit box or gold storage facility.
The only thing that you need to do before buying gold is to do some basic research. There are many websites out there that will help you understand how to pick a good piece of gold jewelry. You will want to learn to understand the various Karat stamps on the jewelry and what makes a durable piece of gold jewelry. This helps you to get the most out of your investment and doesn’t take long to learn.
Gold jewelry is a smart investment for you and your family. You are safeguarding your family’s financial state in an easy way. You only invest in the amount of gold that you chose to and can sell it any time you wish. Even in hard times your gold investment will help to protect you and your family.