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Buying gold, particularly jewelry, is a wise investment. Agree? Why?

  1. The Marker profile image61
    The Markerposted 4 years ago

    I was searching through the internet asking if buying gold would be a wise investment and does the value of gold rises as time goes on. Still got no clear answers so I want to ask it here.

    1. vasmenon profile image78
      vasmenonposted 4 years ago in reply to this

      I guess gold is a good investment depending on where you are from. I am from India, and gold is a very important investment option here. Because the amount of gold you give your daughter at the time of marriage is a matter of prestige in most families  here. This has resulted in a permanent demand for gold, resulting in ever increasing prices. By far it is the best  investment option along with mutual funds.
      Even if you do not have anyone in your family wearing gold jewelry the constant upward trend in prices turns out to be your advantage.

    2. Ramsa1 profile image70
      Ramsa1posted 4 years ago in reply to this

      Buying gold might be a good investment in India as Vasmenon said, but it's not an investment generally. If you buy gold jewelry, that's what it is - jewelry. If you're looking to invest in gold, buy gold coins - Krugerrands, Canadian Maple Leafs, etc. or the stock in gold miners. Some of the stock prices are pretty low right now so they're a good buy, in my opinion. Two examples are Goldcorp and Barrick Gold. However, do your own research.

    3. Marisa Wright profile image93
      Marisa Wrightposted 4 years ago in reply to this

      Gold is a good investment, because it tends to go in the opposite direction to the stock market.  So if the stock market crashes, the value of your gold will rise.

      However, the hard part is buying gold at a reasonable price.  If you buy jewelry, you're paying a high premium for the design, the retail markup, etc etc.  You need to be able to buy gold at bullion prices to make a profit on it.

  2. davenmidtown profile image88
    davenmidtownposted 4 years ago

    buying gold jewelry is only a good investment if you buy the piece by weight. Jewelry usually does  not make a good gold investment because you pay for the manufacturing as well as the gold, plus mark up. This means that the price of gold would have to rise significantly higher then an equal weight of gold bullion. Buying gold as in investment should be done carefully and pricing should be researched based on the spot price of gold.

  3. 59
    dynamiclevels4posted 4 years ago

    As gold price trend increases gradually from years it can be expected that it would get increased day by day.And after a period the value of the same amount may get increased double or triple times of previous. So investment on gold specially jewellery is a very good and intelligent idea.

  4. Mighty Mom profile image92
    Mighty Momposted 4 years ago

    Agree jewelry isn't the way to buy gold as an investment.
    Buy jewelry because you want to make someone in your life (even yourself) happy.
    If you have to sell the gold jewelry in the future based on its weight only, you will not get back nearly what you paid for it.

  5. 58
    buygoldbarsposted 14 months ago

    Yes gold is a very profitable investment option. Most of the investors are missing out on the lucrative precious metals investment that will give them much more returns that any ordinary saving device.  Different saving instruments come with various kinds of risks like market volatility and inflation. The valuation of the instrument may drop down due to certain external factors. Gold has always a good market value. Many people buy gold coins , gold bars, silver bars instead of Jewellery. The heavier gold bars are usually available at the lowest premiums over its intrinsic gold value but smaller bars tend to cost more. You have to find out what's the cheapest and trustworthy providers to buy gold? There are many sites who provide gold coins and insist you to buy. Before choosing any one, you should increase your knowledge about gold investment.  When I was new in this field, I went through  where-to-buy-gold-coins.com and got many idea about gold investment.

  6. jacharless profile image81
    jacharlessposted 14 months ago

    Gold, like other metals, is a valuable commodity. And like other commodities, truly depends on the grade you acquire. Crude oil is no different from crude gold, silver, raw diamonds or coffee cherries. Once refined, then it becomes a volatile/valuable item. Pure bullion is very difficult to come by nowadays,  and is quite expensive. If you manage to acquire a higher grade of gold or silver then you have quite an investment. An alternative to precious metals is mineral/gemstones, a very lucrative market even at the crude/raw level.