It’s not hard to be gloomy these days. Just a quick look at the news should be reason enough to get the long face going. Not too long ago in June, California was in celebration mode as it threw all virus restrictions away and put all their fears to rest in the hopes of opening the economy up back to its robust form pre-pandemic. Just recently, however, due to the massive number of infections, the state is back to masks and to heightened alert levels. It’s sad but true.
The same can be told of your financial struggles during these times. Your savings could be down low. And it would seem like there’s nothing good coming out of the pandemic. Everywhere you look is a downturn.
However, don’t fret. There may be one investment item that you’ve missed. We’re talking about jewelry. Truth be told, this is a profitable industry as the prices tend to go up during a recession. And you need to scan history for examples. America’s recent bout with the Great Depression in the 1930s revealed that stocks, real estate, and other investments may go down, but gold keeps steady in value and for the most part, may even go up.
The good news is jewelry may just offer the same great benefit for you during this pandemic. If you are not sure of this investment route, keep reading as we’ll show you just how special getting into jewelry during these trying times is.
Jewelry is a Long Term Investment
Know, the value of silver, gold, and diamond increases with time. You can purchase it when the prices are down, and sell when it rises. This kind of investment is very strategic. It can certainly be long-term for you as it will pay you huge dividends in the end. This is why some people auction their jewelry to multiply their profits.
Just a quick look at the top auction companies these days should be enough to tell you how profitable pieces of jewelry are. And yes, Sotheby’s just had one with jewelry commanding prices reaching hundreds of thousands of dollars.
Buying a gold earring today can be a very good decision in years to come. Just keep monitoring the prices through the years and see when it’s the best time to sell especially in a recession.
Unlike landed properties that you can not move from one location to another, pieces of jewelry are very portable. You can carry them with you anywhere you go, that is, if you want. This also means that you can get a good deal from the best jewelers in town. With the right store, you know you can get the most bang for your bucks.
And though you may also choose to purchase jewelry online, buying in person is wise. It allows you to check the item’s beauty and authenticity. If you will do buy online, make sure you get a reputable online store. Indeed, you do not want to lose your money in a fake deal.
Safe and Stable Investment
We live in a global village where the prices of things fluctuate easily. However, jewelry is one of the few assets that maintain a stable price for a long period. It does not matter what the exchange rate is, diamonds and gold prices do not tumble.
This makes jewelry a wise investment option. You don’t even have to check for daily or weekly updates on the value like you would for hard currencies. Investing in jewelry will preserve your wealth for a long time. The economic situation of the world will not trouble you as you can rest assured in your secure jewelry.
Another reason why you may want to consider purchasing jewelry during this pandemic is that the prices are not dependent on the government. The price of gold in America will be the same in Asia. This is certainly different from other investment options that are tightly controlled by the government. Such investments are both risky and difficult to make returns or invest in.
And that means jewelry investors can hold on to their assets no matter the governmental changes and regulations. Your investment is safe with you and you can choose to sell them at any time at a most agreeable price.
Diversify to Decrease Risks
Currently, the world’s economy isn’t so good. Many who invested decades ago erroneously turned into a pauper just like that. They lost their houses and business because their investments turned sour.
A good way not to lose everything in one fell swoop is to diversify your investment. Do not put all your eggs into one basket. And investing in jewelry could give you just that.
Jewelry investments come with fewer risks and like we already stated, their prices do not just collapse irrespective of the economy. If you are looking for a good means to financial security consider purchasing jewelry. Keep them until a time when you wish to sell it off, you could even pass it on to the next generation as an heirloom. Nowadays, people auction off heirlooms to get a sizable amount of cash.
At a time of great risks, having something that is not as affected by all the downturns is a blessing. And that’s what makes jewelry so special.