One question I receive frequently from clients, “is gold in a bubble?” Gold has been the best performing asset class since 2001 with an average 11% annual return and not one negative or down year over this period. So it isn’t a silly question, especially considering we have experienced a tech stock and real estate bubble within the past decade. Additionally, many folks remember the gold bubble from the 1970s and 1980s so it is natural to assume this meteoric rise could easily crash.
Stored gold is another way to purchase gold without the problems of storage. Companies like the Perth Mint and Bullionvault allow you to purchase gold which is then stored in your name in their vaults.
This is especially relevant for stacking rings, wedding bands, engagement rings. It’s also important if you’re buying a online gold chain and a pendant separately.
There are many different types of gold available from regular jewelry stores and online jewelery stores in Australia and around the world. Understanding the difference will help you make a better informed decision when purchasing your next piece of fine karat gold jewelry.
Gold has been the currency of nations long before fiat money such as the greenback was introduced. As commodity money, the value of gold coins depended on the amount of gold they actually contained. Now that the ‘bullion by post standard’ has been removed, no gold can be redeemed for legal tender. The use of gold is now limited to circuits in electronics and jewelry. Centuries ago, to control international transactions and establish stable foreign exchange rates, gold was used as single standard… Today the average man recognizes only the dollar bill and the checking account as money.
The benefit is that every time your ring is rhodium plated, it gets a whole new surface and can appear almost like-new. Minor scuffs and scratches will disappear. The downside is, of course, the cost and time required. Most people choose white gold over platinum to save money. But when you factor in the future expense of maintaining white gold, platinum is often cheaper.
The factors that generally determine the prices of gold jewelry are the number of karats, the weight of the jewelry, and the price of gold. Next, you should determine the gram weight of your jewelry using a scale. Determine the current price per troy ounce (31.1 grams). There are calculators and resources that you can find online or offline that will help you to determine the value of the gold jewelry you wish to sell.
Jewelry lovers can save beaucoup bucks on gold rings and bracelets that contain more copper (or another alloy) and less gold. A 14k or 10k ornament can be purchased for hundreds, even thousands less than one is 22k or 18k gold. Furthermore, these accessories are virtually indistinguishable from each other.