Durability. Some people actually use the jewelry and 24 karat is quite soft, it bends and bangs easily. But jewelry is a lousy investment, if bought new, it loses 90% of its value as soon as it leaves the store unless it is "designer" and then any bends and imperfections make it worth less.
Hello there @metzli! Great to meet you:) Normal that stat you mentioned is absolutely correct. I implore you to learn about Mene, a new 24k jewelry company that I discuss every day here. Mene uses 24k jewelry sold by gram weight with a transparent design of roughly 20%.
Almost every single person who has purchased gold jewelry from mene since inception (the company is around 2 years old) is actually up quite a bit on their investment
Anyway, if you are interested, please check out my blog for more info or ask me any question!
Thanks for the tip. I used to work at a "jewelry shop" which was actually just a pawn shop that had lost its zoning. Day in and day out people would come in to sell their "investment" only to find out that their investment was nearly worthless. Thanks for the tip. I will surely be checking out the shop. I love buying jewelry for my kids and usually stick to used small silver pieces that are "well priced" but gold sure sounds better.
Durability. Some people actually use the jewelry and 24 karat is quite soft, it bends and bangs easily. But jewelry is a lousy investment, if bought new, it loses 90% of its value as soon as it leaves the store unless it is "designer" and then any bends and imperfections make it worth less.
Hello there @metzli! Great to meet you:) Normal that stat you mentioned is absolutely correct. I implore you to learn about Mene, a new 24k jewelry company that I discuss every day here. Mene uses 24k jewelry sold by gram weight with a transparent design of roughly 20%.
Almost every single person who has purchased gold jewelry from mene since inception (the company is around 2 years old) is actually up quite a bit on their investment
Anyway, if you are interested, please check out my blog for more info or ask me any question!
Goldmatters
Thanks for the tip. I used to work at a "jewelry shop" which was actually just a pawn shop that had lost its zoning. Day in and day out people would come in to sell their "investment" only to find out that their investment was nearly worthless. Thanks for the tip. I will surely be checking out the shop. I love buying jewelry for my kids and usually stick to used small silver pieces that are "well priced" but gold sure sounds better.
Thank you so much for your open mindedness and for your interest. Please let me know if you have any questions at all about Mene :)
Once I do any math I need a beer and a lay-z-boy.
!BEER
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BEER.BEERHey @summertooth, here is a little bit of from @davedickeyyall for you. Enjoy it!