Amidst financial uncertainty and a sluggish global economy, it’s only natural that people look for sound investment options to make their money fructify. While trading stocks and buying bonds has been the go-to for a long time, these operations are highly risky and largely inaccessible for most.
So, today, rather than playing stock market wizardry and risk losing everything, people prefer to purchase jewelry in the form of gold, silver, precious metals, or even diamonds. They’re not simply used as adornment pieces; buying jewelry can have you reap some lucrative benefits over time. Here’s a practical guide to help you understand why and how jewelry investment has long days ahead.
Technically speaking, an investment is any item or asset that is acquired with the purpose of generating future income. We speak of appreciation when the value of that asset rises in time. Anything that gains value throughout the years, let’s say, a great vintage or a gold bar, is considered an investment. As such, it only stands to reason that any jewelry that you purchase to wear yourself or for your beloved spouse qualifies as a long-term investment.
The great thing about investing in jewelry is that you can buy virtually anything. The only requisite is that it be authentic and in high-demand. For instance, a silver ring, a golden bracelet, a pair of diamond earrings, or a pearl necklace will certainly appreciate over time. Even luxury watches qualify as investment.
What’s more, the precious metal experts over at Cmi-gold-silver.com go to great lengths to explain that buying gold and silver coins and bars can help you secure your financial portfolio and start building wealth. In any case, it’s advised to find a trusted website that lets you track the value of your precious metal investment.
It goes without saying that any specialized store will welcome you with open arms if you’re looking to buy jewelry. That said, beware; not all establishments have the same rates for the same precious metals or items. Essentially, your goal is to buy that piece of prized jewelry for as low as possible, in order to turn a profit as soon as time allows. If you’re serious about investing in jewelry, hop on a flight to Dubai, India, or China; these locations have the world’s largest gold and jewelry markets, and traders practice some of the most competitives prices.
The short answer is: It depends. For starters, the quality of the jewelry you acquire will have a major impact on its appreciation and final resale value. That is why it’s imperative not to stint on quality and allow yourself a comfortable envelope for purchasing. Second, your return on investment will be determined by supply and demand and price fluctuations in the future; the higher the demand, the better it will be for your wallet.
As far as gold is concerned, one of the rarest and most sought after metals, you’re guaranteed to see a return after just a few months. Obviously, the quantity you buy also influences your final return; the more of it you’ve initially acquired, the better, which is all the reason why it’s recommended to diversify your investment.
As any investor, you seek security most of all. Purchasing jewelry as investment is a surefire way to shield yourself from the volatility of market stocks and the real estate market. When you buy precious stones, gold or silver coins, or any other rare metals, you build yourself a financial safety net for future rainy days.
Whenever the economy is tanking, the job market is saturated, or a natural catastrophe hits, you can safely rely on your jewelry to help you and your family survive the storm. Besides, who can pride themselves on being able to wear their investment? We advise caution in that regard, though. Your jewelry will be best protected in an anti-intrusion vault or from the safety of the bank.
All things considered, yes, buying jewelry can safely be considered an investment. Whether it’s to wear as ornamental pieces, preparing for the future, or ensuring yourself a hedge against inflation, you can rest assured that acquiring rings, necklaces, or earrings made from precious metals will be beneficial.
If you’d rather head to the gold market than pour money in buying shares and bonds, continue documenting yourself and doing research on the most lucrative and in-demand jewelry pieces. Thankfully, the world of investment jewelry abounds with options that will make you rich starting today!