Many individuals consider jewelry as luxury or purely for purposes of vanity; however, they fail to realize that owning authentic jewelry is a form of wealth preservation. But this does not mean that all kinds of jewelry fall under investment since it must contain a high percentage of pure gold. Most jewelries contain 18 karat gold and is typically found in necklaces, rings, bracelets and earrings. Some jewelry is made of 24 karat gold or almost as close to pure gold. These are the kinds of jewelries that are worth your money and which can be preserved to pass from generation to generation.
The value of gold jewelry including precious stones has been realized by people since the ancient times. The wealthy used gold to preserve their wealth since it does not lose its monetary value even in terms of economic crisis and political instabilities. Many of the jewelries nowadays have history dating back to the 18th century or even earlier. The prices of this jewelry are no longer dependent upon the gold content but its rarity and historical significance. Most of this jewelry is now contained in private collections and museums as reminders of the past generations.
Jewelry while recognized as an investment can be a source of happiness since owners have a chance to use it on their persons when an event calls for it. This can be considered better than some forms of physical gold which cannot be enjoyed the same way as jewelry. Another advantage of jewelry investment is the ease with which it can be converted to cash through Jewelry Buyer Chicago. In case of an unfortunate financial crisis that hits the family, a portion of the jewelry investment can be sold since there is never a scarcity of eager buyers.
However, there is always an element of risk when selling jewelries since people know about its considerable value; hence the need to transact with only reliable Jewelry Buyer Chicago to ensure that you are receiving the real value of the investment. On the other hand, it is also a good idea to have a good relationship with jewelry buyers if you are a collector since you will be notified immediately once an interesting item is available. Aside from jewelries, the reliable companies also deal in gold coins and other precious stones which you can easily add to your investment portfolio.
Gold jewelry can easily be accumulated during a travel to countries where gold is considered to be cheaper. Middle East countries are known for the intricately designed jewelry whether in 24 karat, 21 karat or 18 karat gold. While there is an element of risk in transporting this jewelry, the returns on the investment are particularly good. While you can buy antique gold jewelry, the cost is somehow overwhelming since you are not only paying for the gold content but its rarity and history. Heirlooms are valued more than their actual gold content and they need to be valued and authenticated. These kinds of jewelries are more worthwhile for collectors rather than a short term investment.
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