Investing In Gold Jewelry: 3 Valuable Tips
When it comes to amassing wealth, making the choice to invest in precious metals can be beneficial. Metals tend to retain their value over time, making them the perfect option for your long-term investment strategy. To ensure that you invest in pieces that will hold their value, you need to know what to look for.
Here are three tips that you should keep in mind to help you find the most valuable pieces of gold jewelry within your budget.
1. Check for purity.
Since pure gold can be very soft, many jewelers add other metals to their gold in order to increase the durability of the jewelry item they are creating. If you are looking to purchase jewelry items as an investment, it's essential that you pay close attention to the purity of the gold.
All gold jewelry will be marked with specialized symbols that indicate the carat of the gold used to craft the piece. The higher the number included in these markings, the purer the gold. Look for jewelry that has a high carat when purchasing jewelry as an investment, as these pieces will retain their value over time.
2. Consider the color.
Jewelry items now come in a variety of metal colors. While a white gold or rose gold piece might appeal to your sense of style, it's important to recognize that these colors are achieved by mixing other elements in with the gold used to create the jewelry item.
White gold requires the addition of palladium or silver, while rose gold requires that copper be added to the gold. If you are purchasing a jewelry piece as an investment, it's best to stick with yellow gold items, as these will contain the highest concentration of pure gold.
3. Take design into account.
Jewelry items are often designed to reflect current fashions. As a result, the unique design of a piece of jewelry could affect its aesthetic value. Jewelry makes a great investment because it can be valuable due to the gold content and its individual style.
When searching for investment pieces, look for items that have a simple and timeless design. These jewelry items will always remain in fashion, helping your pieces retain their value over time.
Being able to invest in gold jewelry can be a great way to grow your personal wealth. Be sure that you are considering the carat, the color, and the design when investing in jewelry to ensure your purchase will retain its value in the future. Contact a dealer, like Coins Plus, for more help.