Opinion on jewelry
Hi friends,
I generally stay away from jewelry as an investment because you pay quite a bit over the underlying metal value for the piece.
That being said, I was at JC Penny looking for Mother’s Day inspiration (lol - yes, I am desprate at this point and am wandering around stores trying to find something to make my wife feel special for Mother’s Day, on behalf of my kids) and they are having a Mother’s Day blowout sale on jewelry, with many pieces 75% off.
Naturally, I stopped and asked to see some pieces. I found a solid 14 carat gold link necklace at 17 inches that was normally $5,600 on sale for $1,400 with some extra codes and discounts. I found it online as well:
I ended up passing at the time, but the sale is ongoing through Mothers Day, so I still have a chance if I want to pick it up - both as an investment and as a necklace my wife could wear.
I asked what the weight was and they couldn’t find any info on that, and they didn’t have a jewelry scale. Maybe I should go back with mine and calculate what the gold content of the necklace is at the current spot price of over $2,000 - sure felt pretty heavy.
What is your opinion on buying jewelry for investment purposes?
Thanks for coming by,
Brian
it's a shame if we have to sell at a low price if I think it's stored until the gold price increases it will be better,
Your thoughts are excellent. In which it would be good to buy. Thanks for sharing 🙏
I bought a few pieces from mene a long time back, but decided to stop and spend it on gold and silver rounds, btc and coin collecting instead.