How Owning Gold Jewelry Can Benefit You In The Long Run?
People usually own gold jewelry for two major reasons. The first reason is quite obvious; gold jewelry is visually appealing. A stylish piece of jewelry made from gold can help you attract instant attention no matter where you go. The second reason they do is that jewelry is a good financial investment. Owning a certain amount of gold is a wise way to store a part of your assets.
Normally, there are two major audiences for this type of jewelry-investors and wearers. The former are usually invested in stocks and gold coins. The latter was usually attracted by the glamor and look of gold jewelry. If you are interested in investing in gold, then purchasing gold jewelry is a suitable option. It is a great way to diversify the gold portfolio that you possess.
What makes gold a great investment is that it has store of value. Throughout history, the rise and fall of countries has been based on it. This is because gold is the single universal store of value. Regardless of what happens to the economy, gold is always regarded as valuable. So, what type of jewelry should you invest in? Should it be rings, necklaces or gold bracelets? According to experts, bracelets and necklaces are the best. Due to their small size, rings don’t have sufficient store value.
Always keep one thing in mind. Gold is of three types-yellow, rose, and white. It is always wise to opt for yellow gold. Though the other varieties of gold have gained popularity in recent years, their popularity will phase out over a period. Moreover, white and rose gold are often mistaken for cheap metals. It would be therefore wise to stick to yellow gold as yellow is the most widely recognized type of gold all over the world. Moreover, you will always find a strong market for yellow gold jewelry.
Gold jewelry is usually available in 12, 14 and 18 carat, but 14 would be the ideal option. But keep one thing in mind. The lower the carat rate, the cheaper will its price be. While pricing jewelry, you will need to multiply the weight of actual gold vs present spot gold price. What makes 14 carat gold the best option is that is has high durability and sufficient gold content when compared to its great luster. The key to shopping for gold jewelry is to have a clear understanding of the investment aspect that will give you a useful edge over most jewelers. Go for high-quality, understated gold jewelry. This will make sure that you get the best returns from your prized jewelry pieces in the long run.