How to Invest in Gold Jewelry

Investing in gold jewelry is a wise and well-accepted financial practice around the world, and has been for thousands of years. Gold jewelry should be one of the first things you consider when you're looking to invest. Gold is a low-risk investment, because gold jewelry is always fashionable, the price of gold is always high, and gold has lasting value even when the stock market is down.

Instructions

things you'll need:

• Capital for investment
• Safe for storage

1. • 1
     Decide how much money you plan to invest in gold jewelry before you venture into the actual investment. Find out how much gold is worth in the current day's market. Using a calculator, divide the amount you will invest by the price of gold. You will be able to determine an estimate of the amount of gold jewelry you will be able to purchase. Remember that gold jewelry is more than just the metal it's made of. Gold jewelry requires design and workmanship, and these things are included in its cost.
   • 2
     Seek out and identify reliable jewelry dealers and other contacts in the business. Look for well-established local dealers who have been in the business for years. Or choose dealers with good ratings from customers, dealers recommended by trusted friends, or dealers respected by industry insiders.
   • 3
     Consider the jewelry's weight-to-cost ratio and other factors that may affect the value for each piece of gold jewelry you consider purchasing. In general, opt for high-quality gold, and simpler designs that won't easily be damaged when worn.
   • 4
     Purchase the jewelry that you've carefully determined to be a good investment. Be sure you are given all proper paperwork for each piece you purchase. Store receipts and other paperwork in a safe place, or along with the jewelry in your safe. Keep copies on file in a second location as an extra precaution. If desired, insure the jewelry for its full value with your insurance company.
   • 5
     Store your gold jewelry in a home safe, bank safe deposit box, or other protected place, to secure your investment for years to come. If you do choose to wear it, remember that you're wearing your investment, and keep it safe when worn.