If you need quick cash and you are strapped for assets and credit, similarly consider pawning or selling your old gold. Although you must accept the fact that wholesale gold prices and retail jewelry prices radically differ, you nevertheless can get the cash you need without paying high interest on credit card advances or payday loans. Checkout gold per ounce.
If you plan to buy jewelry as a gift, first, expect to pay more than you have paid in the past; in fact, expect to pay considerably more for high-end gold pieces. But buy the very best jewelry you can afford, treating it as an investment and expecting it to become a family heirloom. High quality gold and precious stones will always stand out as your very best protection against inflation and economic uncertainty-what professional investors call ”a good hedge”. The rule of thumb for engagement rings has always been ”the equivalent of three months’ salary”. Plan on spending at least that much, and plan on buying eighteen-carat gold instead of less expensive and therefore less valuable fourteen-carat jewelry. Similarly, if you can stretch to include rubies and sapphires in your jewelry, invest.
If you have money to invest for the long haul, work with a trustworthy commodities broker to secure gold. Although you should never invest all your money in any single instrument or product, radically diversifying instead, you should hold some precious metals in your portfolio. Precious metal investments protect you against big fluctuations in other markets; and typically gold prices rise when other markets fall, because demand for gold surges in the economic cycle’s downturns. So check gold prices today and see if gold makes a good investment for you.