- Posted by GBM Blog
- On October 2, 2014
- 0 Comments
These days, there are so many ways to invest your money that it’s hard to know which option is best. But investing some of your savings into gold jewellery can be a good strategy for a variety of reasons. Gold is well-known to hold its value. In fact, throughout history it’s proven itself to be a stable investment because the ups and downs of other types of asset haven’t influenced gold’s own value.
Quality is Everything
As you’d probably expect, the quality of the jewellery you buy is vital. It’s generally not worth investing your money on an inferior product quite simply because it’s unlikely to gain great value. Opting for solid gold jewellery is best. If you can, aim for a minimum of 18k.Make sure you take a closer look at the quality of the workmanship, as well. Depending on your savings, try and buy the very best quality piece you can afford. That way, there’s far more chance of it gaining value through the years.
Choose a Reputable Brand or Designer
You’ll also want to consider the quality of the brand or the prestige of the designer whose jewellery you’re buying. Look at current trends and up and coming designers who are gaining notoriety. Early on in the career of a promising designer, you may well be able to buy their jewellery at a lower price, then sell on for a lot more than you paid further down the line.
Do your research
It kind of goes without saying, but the initial price you pay is crucial. A lot of the time, you’re paying a good deal extra for the craftsmanship of the jewellery. When it comes to selling on your investment, what you really need to know is how much the gold itself is worth. Your best bet is to check out the daily gold market price before you buy. That way, you can compare the price of your jewellery with the current gold market price. Ultimately, it comes down to timing your investment right. So although what you buy is essential, so is when you buy. Get these two factors right and you’ll be giving yourself the best chance of making a sound investment.
Buy Jewellery You Personally Like
This might sound obvious, but when you’re weighing up the merits of a piece of jewellery as an investment you might lose sight of this important point. After all, most investment options out there involve putting money away and waiting for a potential return, with no reward until that day arrives some time in the future. The beauty of jewellery is that you can wear it every day and actively enjoy your investment here and now. Remember, investing in gold jewellery should be seen as a long-term strategy. So choose an item that you personally like and know you’ll get a lot of pleasure from. That way, it’ll instantly become a purchase well worth making.