Pros and Cons of Investing in Gold Jewelry
By the time goes, Gold is also easier to hold. Unlike the old time, where gold still belongs to certain people. One appeal of gold as an investment is the price tends to be stable. The purpose of the investment is to increase the coffers of money, right? Then the question arises in the minds is, which one is the most profitable? Gold jewelry or bullion? Visit our website if you are interested in buying gold in any form because we sell gold st paul mn.
Gold products are often the target for investment who was struggling in jewelry and bullion. This time we will discuss the pros and cons of investing in gold jewelry:
Gold jewelry is interesting, especially for those who are very concerned about the prestige and appearance. Thus gold jewelry has a dual function, accessories, and investment vehicles. There is no harm if you choose gold jewelry as an investment to you but first, consider the pros and cons.
One thing to consider is, there are gold jewelry manufacturing costs that accompany. So when you buy gold jewelry, you're charged not only the levels of gold alone but also the cost of making gold into jewelry as well. This means extra expenditure.
For information, the cost of gold into jewelry manufacture of mass-produced around 1-7 percent of the total price of the gold. Meanwhile, the cost of manufacture of gold jewelry by craftsman home or accept individual orders around 15-20 percent. Upscale jeweler gold for fashion purposes famous jewelry stores can range from 30 percent! Imagine how much money is needed to make gold jewelry.
The price of gold jewelry products will also tend to decrease. So that at the time of resale, you will not get a higher price than when you first bought it. This meant you did not make a profit. Note also the form of gold jewelry. The more complex the shape, the more expensive. Gold jewelry is also easy to come by because many stores that sell both in traditional and modern shopping centers. This convenience can be a disadvantage as well because you have to be extra careful. Do not buy any jewelry in the store, because maybe the gold jewelry that you buy is a fake. Do not be sad, because gold jewelry still can be an option for you to invest. You can save gold jewelry that you bought as physical saving and used as a reserve fund anytime you need. Although the selling price less profitable, gold jewelry can be sold, either with or without documents.