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To: Pecos

I have been thinking about buying more gold jewelry as a safety net. Maybe buying jewelry when it is on sale. I don’t know about the resale value of jewelry. Does anybody think this is a good idea? I don’t mean going crazy with jewelry but just buying a piece here and there when it is on sale. Jewelry is a luxury but it also has a practical side since it does not lose its value like so many other things that we spend our money on.


22 posted on 06/06/2011 5:13:47 PM PDT by cradle of freedom (Long live the Republic !)
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To: cradle of freedom

Skip the jewelry and go with recognizable gold and silver coins.


23 posted on 06/06/2011 5:24:00 PM PDT by Godebert
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To: cradle of freedom
Jewelry, as a hedge, has several problems. First - you are buying at retail, and there is a huge mark-up on jewelry because it is usually an emotional purchase and retailers can get a way with it. Second - are you an expert on the different grades of gold and gems? Third - Have you been tracking anything except the price of gold? Gems, especially diamonds, have their own particular cycle. In the past, diamonds were an incredibly controlled market, with De Beers dictating the prices. I don't know the details of the current market.

In summary, don't invest in anything you have not become very knowledgeable about. Someday, I could tell you about the absolutely stupid thing I did with $14,000, but that is a tale for another day.

24 posted on 06/07/2011 6:39:45 AM PDT by Pecos (Constitutionalist. Liberty and Honor will not die on my watch.)
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