Gold is a precious, highly valuable metal since the old times. I believe it is the most popular metal in the world.
It doesn’t tarnish or corrode unlike any other metals. It has also many uses like for jewelry, as an investment and many other useful benefits.
I have only one gold object: my wedding ring. I chose it because it is beautiful and it is the typical choice for couples who want to marry. However, I’m not convinced that buying gold jewelry is a good investment.
Why I said this really depends on my notion about it. For example, many people are buying gold jewelry just for the sake of appearing rich.
Actually, you cannot measure how rich a person is on what you see on the outside. Most of the wealthy or I say millionaires don’t buy gold as a jewelry or really don’t appear good.
For me, gold jewelry is not an investment, or a good one to put your money. Why? Simply because it doesn’t create a valuable thing or product but there’s also an exception here. Unless you are very rich, you should stay away form buying gold jewelries just to appear good or wealthy.
I noticed that some OFW are doing this kind of perception, especially the seaman. It is not bad to have those yellow necklaces or rings since it is their own money.
However, think of this scenario, you have many gold jewelries but you don’t have any savings or other investments. When emergency times come, you will be forced to sell it in a much lower price, maybe half of its price. The investment you considers is now become a liability since you loss money when you sell that jewelry.
Gold is not a good investment when you buy it as a jewelry. There are many legitimate and good investments where you can spend your money which will give a regular income to you. You should study and learn these things such as mutual funds, UITF, stocks or bonds.