/biz/ - Business & Finance

I guess

I've never looked, but I assume the prices are way over spot. And there's no guarantee you'll be able to get that same premium when you try to sell.

>>54779761
no it's not, it's usually overpriced because of craftsmanship I guess. If you do decide to do this then man sure check the weight of the gold jewelry against the market price of gold.

You'd be better off using the investment money to start a trendy young person jewellery brand and dump most of the money into advertising and trends

the benefit is that you can buy it unregistered and for cash
the government wont know you have it

>>54779811
>>54779818
Purer and cheaper in Asia and a lot less over spot than a gold eagle.

>>54779761
No, because you pay a premium for 12g of gold being in the form of a ring. You'll pay 3-4x the spot price.

2nd hand jewellery, as long as you are comfortable verifying its authenticity and purity, can be an okay investment. As in, it'll be priced more than spot but less than the equivalent amount of metal in coins (which also have a premium above spot because of talmudic exchange voodoo).

why do u keep posting this ugly girl

>>54779963
You will get close to the spot price for the eagle, for jewellery you will get scrap price.

>>54779761
What stops someone from buying gold from an illegal mine for way less than spot?

>>54779761
Fionafoxmfc

Background scan reveals it lacks a benis and is a biofem.

>>54779811
if you have gold you can always melt it down. It can be some 14k gold earrings. It doesn't matter, the refineries will gladly take it and give you gold bullion for a fee. (10% or so)

>>54780813
scrap and spot price are the same, are they not?

>>54779761
no. absolutely not.

Depens where u buy it.
Buy in the asian gold shops and its on spot or under.
By in the west and its hard to get better than 18c and its over priced.
A good cheat is buy silver or gold plate and do reverse electrolysis at home. Its lots of fun although quite an effort. Set up your own anti silver/gold plate battery.

>>54779761
No, just buy bullion you stupid nigger.

No. You'll never get them for above melt when you sell. Worst way to buy gold for financial purposes. Good for wearing tho

>>54779761
Pretty good desu
bought for 500 €
now the same piece costs about 850
fucking priced out of another, not byuing anytime soon for these prices

>>54779761
I buy used wedding rings. I usually get them for a little over spot but it comes with a free diamond usually. I also like to wear them while masturbating since emotional trauma is kind of a turnon

>>54780813
>You will get close to the spot price for the eagle
I talked to my local LCS and he charges 7%. You'll pay even more online. If you buy 24k gold jewelry in Asia you'll pay 2.5-5%.

>>54781223
So same as bullion then where you will never sell above spot?

>>54779761
There are a couple websites I know of that basically make "investment jewelry" where they will openly tell you the spot value of the gold which is nice, but they come with huge premiums and usually cant avoid the tax

>>54783934
You'll at least get spot unless you're selling to an Asian or a pawn shop.

>>54779761
gold jewellery is for niggers
99.9% gold is for jews who want to dodge taxes

the choice is yours

short answer NO

buy bullion

Check out Menē fren. It's 24k and sold by weight. And they're upfront about the premiums they charge

This thread is peak retard.

>pay $5,000 for $2,000 of gold because "you can wear it." By the way it loses half of its value the moment you buy it because no one wants to buy used jewelry.

Peak women and peak retard.

>>54784370
Basically the same as buying silver

>>54784212
>>54784285
>>54784370
>no one wants to buy used jewelry.
If you buy jewelry at scrap weight you can x10 your money, even more if it's designer or from a certain time period/has a certain style. Guilted (plated) art nouveau jewelry from the 1920s is several hundred dollars. Solid gold pieces no more than $300 in weigh, no known designer, go into the thousands. Fucking idiots

>>54779761
Is that a lighter in the background? God I want to fuck this trashy slut so bad

>>54784630

>>54784630
im just giving my honest to God opinion, good luck with hustling people out of their money for JEWelry

>>54779761
mene.com

24k 'investment' jewelry. The cost is over spot (they call it 'Mene Premium') by ~30%. As an investment it is not going to perform better than almost anything you'd find in a balanced portfolio over the next 10 years. But long term? If you're a jewelry wearer and you want it to retain value, 24k IS pure gold. Buying 24k gold jewelry will ensure that when you go to sell it that you're not getting hosed.

>>54779761
no, only pawn shops will buy used jewelry and they'll pay bottom dollar for it

>>54779761

Only if it's 24k. But, the premiums are 20% above spot price. So, if you're willing to take the hit upfront to wear your precious metals, then go for it. Don't expect to get rich though.

BTW, only my comment matters and I'll be ignoring the rest of this thread.

>>54779761
I bought some silver jewelry for the future because I know and believe it’s going to significantly go up in price soon. I am currently single but that’s changing even sooner than I realize

Why does /biz/ hate 24k gold jewelry and why do they think paying over 20% spot is normal? You only buy 24k gold jewelry from SEA or India where they charge a small labor fee. Mene is shit btw because of their outrageous premiums. It's fairly normal for Asians to buy/sell 24k gold jewelry.

This is 18k and is 125grams, so about 5k spot value, it was made in early 1900s so no clue if that effects value but it’s a heavy piece, feels great to hold
I didn’t buy this, it was inherited

>>54779761
A gold rolex is about the only jewelry you'd buy as an investment.
I wear a couple 24k gold chains with pendants because I like the look, but also I could get a few hundred bucks for them in an emergency.
I always wear a nice mechanical watch as well because in an emergency, I could trade it for a car or something to get me out of a bad situation.

not really, its better than nothing but you should get bullion instead

>>54779761
I buy estate sale jewelry for pennies on the dollar. Some people bid shit up, but it's a good buy if you just buy it for the melt value. Old rich people often have shit taste.

>>54779761
Imo, It is never a good investment, but some consider it a store of value. Why would I invest in something tied to little appreciation in value when there are other better opportunities to benefit from fractionalized assets or tokenized RWA, either run by Cefi like William Tree or DeFi like Mnicorp? Well, it all boils down to an individual's perception and mindset as regards risk appetite, but some folks are just so retarded with cluster reasoning.


>>54786285
Golf jewelries?

>>54786433
Whatever horseshit they have at auction. I pre inspect, and offer bids way below spot. I get great joy in dissolving their "fine jewelry" in hot acid.

>>54786476
Now I understand why you said this.

>Old rich people often have shit taste.


I have zero freak in jewelry but have high taste in cars. I keep wondering why folks who spend a lot of money on jewelry end up broke and in debt. Displacement of priorities, better still invest.

Jewelry is barely above spot. Quit being a cheap bastard. It wouldn't surprise if that comex shit rips off boomers.

>>54786832
I will buy your jewelry at 20% below spot, purify it in acid, and melt it into pleasant little beads. And if not me, my children.

I have a mene 24k chain. Happy with the quality and how it has held up. Thai gold shops have really nice 23k gold. I plan on buying a bigger one there my next trip.

>>54786813
>I have zero freak in jewelry but have high taste in cars. I keep wondering why folks who spend a lot of money on jewelry end up broke and in debt.
buy car depreciates in 5 years
buy 24k gold chain appreciates in 5 years

>>54787679
Do you prefer gold over internet money?

You should have read the thread to understand what I'm insinuating. As much as we are faced with the hussle of government, I don't joke about cutting costs just to attain my financial goal. It's good to have a diversified portfolio; gold is one of them, but in terms of ROI, I'm rooting for internet money.

>>54779761
I fucked a bitch that looked exactly like. She was eyeing since we first met. One night we got drunk, and I asked if she wanted to go somewhere. She said sure. We wound up back at her place which was a shithole. She let me fuck her up the ass and begged me to stop cuz it hurt but I kept going until I nutted raw up her ass. As soon as I nutted, I told her I had to go and ghosted her. She still calls me from time to time 3 years later.

>>54779761

No, bullion is way better. Especially bullion that is near impossible to counterfeit like gold maple leaf coins.

>>54784630
>Guilted

>>54784351
stop shilling this shit