The gold in jewelry is not just an opportunity to gift something precious for someone special or to yourself, but it is an opportunity to invest, to save your money and take care of it in times of economic crisis.
Finance expert, Alister Clare from Credit Capital says, “Jewelry is not only used for decoration, but certain items can also serve as great investments and will hold their value indefinitely. A jewelry collection can be a great security fund. She adds, “Buying jewelry investment pieces, especially the expensive ones, allows you to buy what you love, however you must ensure that you are buying from reputable sources.”
Gold is a precious metal, and gold bracelets, rings, and necklaces can easily be melted down and turned into bullion bars and new pieces of jewelry. The value of gold remains relatively stable unlike that of cash, which fluctuates depending on economic factors. Jewelry with high gold content will always have a high value. For instance, the current global economic crisis is not having an impact on gold prices, which continues to increase
Also the legendary investor Byron Wien has predicted that gold could make a surprise 20% surge this year as investors flock to the yellow metal for protection against inflation and market volatility. Wien said new billionaires are likely to invest in gold, many investors have long touted gold as a hedge against inflation. They argue the commodity holds its value over the medium to long term, even as price rises erode the value of other assets.