Is Buying Gold Jewelry a Good Investment


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.


7 thoughts on “Is Buying Gold Jewelry a Good Investment

  • January 14, 2012 at 09:59

    Being not good in english does necessarily follow that one is less intelligent.

  • November 3, 2011 at 04:57

    you hit the bottomline of why many filipinos bought gold
    for a show. i think we are a showy people, to cover of being poor and needy. we are great pretenders

  • August 16, 2011 at 04:26

    not to pick on you, but, my god, you need to learn how to write/speak - you appear less than intelligent

  • August 9, 2011 at 19:55

    Dubaian girl
    Gold, for me is the best investment i had. I bought 18k,21k and 22 k gold respectively in the 80’s and 90’s. They were damn cheap that time. i just sold the 21 and 22karats (bangles, earrings) just this year and i profited immensely. Deal with heavy gold not the lighter one that ismy advice.

    • August 10, 2011 at 16:33

      Really depends. When you get your gold/silver jewelry appraised, it is based on the gold/silver content (by weight and carat) and they don’t really care about the design or brand or where you got it from.

      So, if you bought your jewelry at an expensive shop and it’s branded (like cartier or the like), then you are paying a much larger premium than just the value of the gold/silver content itself. You are also paying for commissions of the sales people etc.

      So, when you get to sell it later on, and it’s only by weight/amount of gold/silver, then you may be at losing end. (Of course, this also assumes gold/silver prices go up.. it may go down… who knows!)

      • January 15, 2012 at 03:37

        gold in form of jewellery is not an investment. As cuteogre says, you are paying for too much premium for the design or craftmanship.

        the true form of gold use as investment are in .999 coins, bars, bullions. other alternatives are gold ETF, gold certificate, gold trust or gold, mining company. Unfortunately, many of these alternative are not available in the Philippines.

  • August 2, 2011 at 07:56

    it depends on where you buy and where to sell your golds. for example, i got a gold earring that my mother in law bought it Riyadh for 400 SAR which is equivalent to 4400 Php (1 SAR= 11Php). when we ak the pawshop how much is their appraisalm with my earring, they said it’s 5500 Php. it’s more than a thousand peso difference. and it’s just at the pawnshop. meaning, the appraisal is just the half of what the gold really cost. so, i belive that is will cost more or less 10000Php. not bad.

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