Understanding the Value of Gold Jewellery Pieces

What do you think about gold? How much do you know about it? What does it mean to you? Do you understand the overarching benefit of owning gold, and not necessarily the jewellery? Gold means a lot to many different people. Some people will buy and invest in gold coins, stocking up on the different kinds. Others will get bold bars if they can afford them and put them in banks for safe keeping. This is what banks, governments and other central financial houses do. They are fully aware and all about saving and preparing for things the bad things that will happen tomorrow. And since this financial crisis in the first part of the twenty-first century, many have been storing up on gold.

Now you have other people, mainly celebrity and entertainers who buy gold simply to flash around and show or improve their status. They buy the biggest and best, and have the most incredulous gold pieces. Depending on the purity of the gold piece, these are very good investments as well, but do they really understand this; maybe, maybe not.

Gold jewellery has been worn by kings and queens for many, many years. From as early as there were kings to wear them, gold was being fashioned. Archaeologists have dug around places that had these early civilizations, like Asia and Africa, and discovered some of the most exquisite gold pieces from that time. Egypt is not to be forgotten in this, with their pyramids hiding some of the best of treasures. And among these pieces are gold chains, bangles and earrings.

Gold chains can be worn on almost any part of the body. The most popular part on which they are worn is around the neck. Hip hop entertainers are known to ‘bling out’ in their massive jewellery. These pieces are typically engraved and have the best precious stones like diamonds, in them; but not only hip hop starts where them. The ordinary, everyday man has a little gold jewellery; either in the form of a chain, watch or earring. Men like their gold chains around eighteen to twenty-two inches; women have different preferences based on many factors. Women use gold pieces to adorn everything and anything that they can.

Now gold can be altered to have different colours; these can range from white, blue, pink, green or even black. The chain pieces will be made to the thickness and length as the wearer dictates. They are also designed in different ways; such as the Cuban link worn many worn by models, both male and female. Then you have the wheat designed chain; these links are fashioned as wheat grains. There is also the snake pattern chain; this follows the sleek design of the snake’s body. And then you have the rope design chain, which is twisted and resembles those of the Singapore chain.

Getting What You Want With Cash in Your Gold

What can you buy with gold? Definitely, you can’t use gold nowadays to buy prime commodities such as food, clothing, medicine, etc unless you turn it into cash. Selling gold for cash is the trend nowadays because people realize that money is more important than gold.

There is cash in your gold and you can buy a lot of things that you want. You can have extra clothes with money. You can buy a lot of extra food. You can even treat yourself with the latest gadgets. With gold, you can only use it during important occasions. Some are even afraid to wear jewelry because of the fear of being mugged. In short, those pieces of gold in your jewelry box are just kept there forever.

Investing in gold is a wise decision. Gold is considered as a precious metal before and even until now. If you own gold, you are considered rich. The history of gold can be traced back to the ancient times where it is used to glorify the gods. This was the start of branding gold as precious since it symbolizes beauty, power, and affluence.

Now, if you own gold, you are considered lucky because you can do a lot of things such as investing it for future use or exchanging it for cash.

How does selling gold work? It’s simple. With the help of the internet, you can sell your gold at the most convenient way. You don’t even have to go out and deposit them to the local jewelry store. Right at your own home, you can receive instant money just by sending your gold.

If you are always surfing the internet, you probably have an idea as to how selling of gold is done online. You just need to email the website, wait for your free form and package where you will put your jewelry, mail them to the return address, and wait for your check to arrive. The steps are very easy and you don’t even need to worry how much you will receive because you are well-assured that the gold you sell is valued according to the current market price.

Once you have your check from the gold you traded, you can now buy what you need and want. You can have your stocks of groceries. You can buy extra medicine for your family’s health. You can also purchase gadgets which you desperately need. With cash on hand, you have the freedom to buy what you want and that’s the advantage of turning your gold to cash.

Nobody Loses When They Invest In Gold

Exactly as buying gold has its staunch advocates, it has equally strong adversaries. Why? Because some feel and argue that gold too is prone to bubbles, giving the classic example of the 1980’s, when it cost 850 dollars an ounce, and then its price plummeted and had not risen again for over two decades. But what they don’t seem to notice or deliberately ignore is that the inflation was soaring at the time and everyone bought gold out of fear. The USSR’s invasion of Afghanistan and the outbreak of the Islamic revolution in Iran were key factors in the sweeping political changes that made people confused and afraid. Therefore, they invested heavily in gold to protect themselves against what it seemed a global crisis (but it wasn’t).

While this is the example that detractors use against investing in gold, they also have ‘evidence’ against the advantage of using gold as currency, giving again the classic example of its price being manipulated by the US government when the national currency was backed by gold. But what really happened was that President Roosevelt obliged the American citizens to sell the gold they owned at the official price and, once the government had the entire gold safe in its reserves, it raised its price to the real rate, which was some 15 dollars per ounce higher. In this way, its price became consistent with the overall inflationary prices, and this unpopular measure actually helped the country to overcome the great depression.

Besides, when President Nixon gave up the gold standard, the population was allowed to buy back their gold, of course, for market prices; however, the massive government’s sales kept them rather low. As regards this American example, had someone lost? In the first case, all the prices increased due to inflation, except for the gold price – so it had to be adjusted, given it was the true ‘measure’ for money. In the second case, the abandonment of the gold standard meant that US didn’t have to pay in gold their debt to foreign governments and also that citizens were free to invest in it, only the relation between demand and supply driving then gold rates.

Gold prices from 2004 to 2009 were on average circa 717 dollars, while those in 2010 have been above 1,000 dollars. But the context now is completely different. On the one hand, there is an apparent global financial crisis originated in the US with the credit crisis (just look at the fate of major banks and the fluctuations of major currencies!), on the other, the demand not only outpaces the supply but is uncontrollable, constantly increasing.

Gold Advice For Those Looking To Invest

Everyone knows that the current situation of the global economy is not bright at all, and that in one way or another, money problems are just around the corner for either the rich, the poor or the middle class. So everyone is looking for a way to counteract the effects of the economic crisis. One solution, which at this point seems the best of all, is that of investing in gold.

Most people who decide to invest in gold choose either gold sovereign coins or small bars. Both categories come in various weights, purity and prices, so the offer is quite rich. Gold is measured by troy weight or grams and most of the times it is alloyed with other metals. Its purity is also shown in decimal figures varying from 0 to 1 millesimal fineness. If you see gold marked with 0,995 it means that it is extremely pure. However, nowadays given the recent advances in electrolytic refining you can get 99, 99 fine gold bullion.

If you consider investing in gold bars you have several variants to choose from. The first is that of pooled bars, meaning that what you get is only a part of a gold bar. In other words several people choose to buy parts of a bar that are pooled together. Pooled bars are not delivered as opposed to 100 and 250 grams gold bars.

The second variant for gold bars is that of 100gr gold bullion bars. This is the classic gold bullion certified exceptionally pure (999.9 purity) with engraved weight, gold content and minting details. It is sold using real-time pricing and it comes with free vault storage or insured delivery. 250gr gold bullion bars are your third option. They too are certified exceptionally pure and have the weight, the gold content and the minting details engraved on them. When purchasing these bars you benefit from free vault storage and insured delivery just as if you were buying 100gr gold bars. On the other hand if your budget allows it you can go for 500gr, 1 kilo or 12.5 kilo gold bullion bars.

If gold sovereign coins are on your mind then you should know that they too come in various sizes. The Queen Elizabeth II (QEII ) Gold Sovereign Coin contains 7.3224 grams of actual gold which is 0.2354 troy ounces. It is made out of 22 carat gold which is 91.67% pure. It weighs 7.9881 grams and it is 1.52 mm thick. The Queen Elizabeth II Decimal sovereign gold coin is a classic collector’s piece from the official royal mint production line after 1971. It weighs 7.3224 grams of actual gold which is 0.2354 troy ounces and it is made out of 22 carat gold with 91.67% purity. Its weight is of 7.9881 grams with a thickness of 1.52 mm. The Queen Elizabeth II pre-decimal sovereign gold coin comes from the official royal mint production line before 1971 and it is your third option as far as investing in gold coins.

The Meaning of Investing in Gold

Gold is a very special metal. Color is attractive and the difficulty to get it cause it was considered valuable by humans. Apart from jewelry is also made to be the custodian of the most superior wealth. This is because it can not be destroyed and will not lose its value.

Thus, to keep gold as an investment is a very wise action. This is because its value always increases in a long time. Gold investments is to invest gold in physical form or open a savings account at the bank. This metal in physical form of the dinar, bars and jewelry.

Why Must Investing Gold?

1. The symbol of real wealth. Fixed gold value in any form, coins, ingots or powder.

2. The price is increasing in the long run because is a commodity, so there will be up and down price per day. But every 12 months you will be able to feel the intensity.

3. Value notes always occur in the long run. Inflation was the result of the collapse of currency values. The price of gold will not be impressed by this fall.

4. The ultimate liquid assets. You can convert to cash within 30 minutes.

5. It can not be manipulated or added at will by the government. So the price of will not be manipulated.

How to Get Profits When Buy The Gold?

When buy it you can stored then sold at high prices, rent it or you traded.

The price of this metals and other precious metals (silver & platinum) is largely influenced by global supply and demand. In a year or two years, supply has declined while demand continues to increase, particularly by the buyers in India and China. As a result, the upward direction in the long-term market price (the price down and go up in record time). That is the basic thing you need to know how this investment can give you returns. It should be noted that gold is a long-term investment. Period to see the profit is after 12 months because gold is a commodity, so each day there will be ascending and descending prices. We as a investor can use this opportunity to buy at lower prices and wait for the price will be high after 12 months.

Using the concept of buying and wait. The price will continue to rise, and you will be among the fortunate if you have a lot of gold stocks when prices were booming.