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https://boards.fool.com/uh-this-was-a-joke-right-gold-jewelry-isnt-an-28941735.aspx
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| Subject: Re: A Big Gold Chain as an investment? | Date: 12/7/2010 9:00 PM | |
| Author: DonnaPawl | Number: 67815 of 100969 | |
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Uh, this was a joke, right? Gold jewelry isn't an investment ... you pay a premium for the gold, PLUS you pay for the design element and the manufacturing. When you sell it, the value of the design element (unless it is by some fabulously famous person like Harry Winston) is discounted and the value of the item is whatever the gold content is .. period. You want to buy gold, buy solid gold coins or ingots. At $1,400 an ounce, there are LOTS of better investments than gold out there. JMHO-YMMV DP |
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