Investing in gold is one great way to build a secure financial future for yourself and your family. You can invest in gold in several ways: through gold exchange traded funds, by buying gold coins, through buying gold bullion, and by buying gold jewelry. Many people don’t think of gold jewelry as an investment, but it can definitely be.
Gold jewelry can make a good investment simply because of its melt-down value, or the value of the gold it contains. The more gold a piece of jewelry contains, the more it costs, but the more it will be worth when you sell it later on. Classic gold jewelry is also a good investment because of the craftsmanship that can go into it.
In many countries, investing in gold jewelry is a way to pass down money through a family legacy. This is less common in the United States, but it can still be done if you shop for jewelry wisely. Buying jewelry for under market value is one important way that you can make a good investment that will bring good returns over time.
There are a couple of problems with investing in gold jewelry. One issue is that you have to pay more per ounce of gold for jewelry because it is heavily processed and crafted. Another disadvantage is that styles change so frequently that you may be unable to sell an old-fashioned piece of jewelry for anything but its melt down value in twenty years or so.