bob shark
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You do not buy gold jewellery as an investment.
First of all, the gold is an alloy, 10K, 14K, 22K....Real gold is 24K
Jewellery is sold on the basis of looks, and the cost of gold in the jewellery is a small part of the selling price of the jewellery.
If you wanted to sell the jewellery based on gold content, you would sell at a discount to gold value due to refining costs and profit, to get the gold into pure (24K) form
If you want to have gold that will go up with price of gold, buy One ounce gold Coins that are 99.99% pure, Like Canadian Maple leaf, Or Austrian Philharmonic, Or South African Kruggerand.
But if you want to make money, Buy Shares in Gold producing companies through a precious metals mutual fund. |
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Spence
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In general no gold jewellery does not go up in value!! It would only go up in value if the design of the jewllery is a very rare piece and very sought after !! Most designs are mass produced however, so unless you have knowledge about what is likely to become valuable their is no point in collecting it because you will just lose out!! |
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JJ London
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When buying jewellery, the price consists of metal, stones, labour, markup & VAT. When selling the jewellery, you only get the value of the metal and stones (less wastage). If you are speculating that the price of gold will go up, then dont buy jewellery, just by bullion. |
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jackson
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There is no payoff in buying jewelry. For one when you buy it the markup is phenominal. You buy something for $3000 and if your were to sell it you might get a few hundred.
As others have said if you had the money to buy a significant piece yes it might work. But to just buy jewelry think that you could bling up and make money....... there is no way. |
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Christine
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My friend works in a jewellers, she said the price of gold and precious stones have gone up dramatically in the recent past, but as the others were saying, you'd be better off getting a good brand name gold jewellery if you want it to have future selling power. |
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ny2fl
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there are better ways to invest in gold without paying a jeweler's markup, which in many cases is 300%. look into gold funds or buy from a refiner who will sell you pure gold. |
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budding author
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To invest in gold you don't actually buy a suitcase full of the stuff, you buy shares.
Jewellery is worth nothing, when I worked in Saudi They used to bung it on a scale and charge by the weight.
Buy shares. |
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jduck1979
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Probably not the greatest of ideas, as the gold used in jewellery is mixed up with all kinds of other things to make it suitable for use as jewellery & last (or something along those lines).
If you want to invest in gold in it's physical form, you'd be best off buying Gold bullion bars, or well known forms of gold coin such as British Sovereigns, South African Krugerands, etc
For these, check out:
http://www.taxfreegold.co.uk/investmentadvice.html
http://www.24carat.co.uk/goldbullioncoins.html
http://www.investmentmetals.co.uk/ |
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John Becker
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real gold or natural gems (diamonds, topaz, emeralds, etc)
you ever see the "gold scrap" commercial? they ask for your old gold in exchange for a check.
They do this because old gold is expensive and not many people know how valuable their old gold is.
My suggestion is to keep what is valuable now and you can resell for way over MSRP at the time. Also if you'd like to invest for the future, just make sure you know a lot about them and can protect yourself. Just keeping something for the future will cost alot. (i.e a 250,000 diamond will be wanted more in 2 years) |
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vegas_iwish
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Do not buy coins or jewelry - just the metal but nothing physically held. IAU & DGL solid etfs for gold. No more than 5% of portfolio. Is a good time - yes |
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filip
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Buy gold plates instead! They have standard value and the product is guaranteed! The jewels have the "manufacturer" factor which gives them that "extra value". But, sometimes causes problems in the "amount" and the "quality" of gold. This may reduce the value of your investment. |
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NONAME
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SO DO IT YOU'LL ONLY END UP WITH 1P ANYWAY |
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Littlemiss Me
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no the bible speaks of a day when ppl will literally throw there gold into the streets b/c its worthless.... |
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