Anyone who has ever worn a gold chain must have felt the itch to buy a pendant, at some time or the other. What makes gold pendants so irresistible is the fact that they are so diverse. Big, small, traditional, funky, plain, jewel encrusted, engraved or plain - the variety is enough to make your head turn.
Gold pendants make excellent gifts, particularly for women. So, whether it's a wedding anniversary, a birthday or Valentine's, you can find just the right pendant to gift someone you love. Why, you even find 'broken hearted' pendants which help you say 'au revoir' in style!
Whether you want to purchase a gold pendant for someone else or for yourself, it pays to have some idea about what you're going to buy. With gold becoming dearer by the day, it is quite easy to fall for scams and frauds. Here are a few tips that will help you buy gold pendants, the smart way!
The first thing you have to understand when you decide to
buy gold pendants is that pendants are not the same as charms, though the terms are used interchangeably. A charm is smaller in size and is designed to hang from a bracelet or a chain. On the other hand, pendants are larger and are designed to hang from chains or necklaces. A more important difference is this: charms are generally used for luck; pendants do not really have any such significance.
Where to shop: You have two choices- your local store or the e-store. Both have their advantages. With the local store, you can be 100% sure of quality. When you shop online, the risks are more unless you choose very carefully. However, the great advantage of online shopping is the fantastic price discounts you can avail of. Online shops offer you the same quality at hefty discounts - sometimes up to 65% off. And you don't even have to step out of your house to make your purchase.
Get gold savvy: If you're buying gold, you need to know your karats. 24k (or marked as '999') is pure gold and you won't be buying 24k gold pendants because 24K gold is malleable and soft. 14k is the most popular variety of gold sold in the US. Gold that is designated as 14k contains approximately 59% gold. The rest is an added alloy, which helps to make the jewelry durable and strong.
White gold: Yes, gold comes in white color too! This is because manufacturers add palladium or nickel to it. White gold pendants are stunning and look wonderful when they are encrusted with diamonds or pearls.
Understand value: The price of gold pendants depends on two things: the rate of gold and the artistic value. On most websites, the total cost is listed per item. However, at times, you may also find the cost per gram. In that case, you will have to add the cost of the total weight of gold and the cost of design/cutting to get the total cost of the pendant. In this regard, please keep in mind that some finished items may have an artistic value that is greater than the cost of gold in it!
Understand compatibility: The weight of the pendant you choose must be in keeping with the chain or the necklace. So, a huge pendant will not sit well on a delicate chain. Besides, such a pendant will break the delicate chain in the course of time.
Frequently Asked Questions
-
QUESTION:
Is it Profitable to buy 24K gold in US and to sell it in India.?
The reason for this question is in India, the gold rate has been increasing highly,,..Any advices?
-
ANSWER:
No. The reason being is that these opportunities are always arbitraged out of the market almost the instant after they appear. Goldman Sachs, JP Morgan, Barclays, and almost every large bank have a desk devoted to finding price discrepancies in markets and cash in on them as soon as they find them. Supply and demand will quickly correct themselves and you will essentially never be able to buy a commodity here for cheap and sell it at a premium in India.
The large banks also have the advantage of working with huge amounts of capital, so even if you found an opportunity for arbitrage, you would probably only get a return on the order of a fraction of a percent. Any profit you would see would get gobbled up by trading costs. You would need millions of dollars to realize much profit, and you would need to be able to spot the opportunities before the big players do.It's in your best interest to not bother yourself with arbitrage. It is exceedingly rare these days for private investors to ever make any money using it.
-
-
QUESTION:
Where can I buy 24K gold jewelry in Kansas City, MO or Omaha, NE?
Usually, asian jewellers sell 24K gold but I don't know of any stores in these two cities. Does anyone know of any asian jewellers in any of these two cities? If so, please let me know! Thanks!! =D-
ANSWER:
here you can have a look:http://www.jewelrybase.com/home.php?cat=318&catexp=318
http://www.jewelrybase.com/home.php?cat=23
http://www.jewelrybase.com/home.php?cat=233
Hope you will love it.
-
-
QUESTION:
If you buy 7 24K 1oz gold would you have to pay taxes?
Would it be the same thing if you bought 24K 1oz gold from a bank?-
ANSWER:
not when you buy it...when you sell it you'll have to pay taxes on any gains from the sale.
-
-
QUESTION:
Where can I buy 21-24k gold online for a reasonable price?
Help! Preferably easter looking gold. Arabic, Indian of that style.-
ANSWER:
www.ebay.com
www.overstock.com
-
-
QUESTION:
is it a good idea to buy the 24k solid gold earrings for my lover?
i really like the 24k solid pure gold eardrop stud earrings 0141 from www.finejewellerys.com.and i want to buy it for my lover.but i am not sure is it a god idear to give her this gift.lol.any ideas-
ANSWER:
Why not? It’s always a great idea to buy your lover jewelryJ 24K gold is the best you can fine. It’s more pure in metal than 10K and the gold is much more vivid and bright.Good luck!
-
-
QUESTION:
Do gold dealers buy 24k gold music CDs?
I have 2 Neil Young CD's that are 24K gold. Im not sure if they are solid, plated, etc.-
ANSWER:
you could probably get more for them as cds then as gold
-
-
QUESTION:
Will be going on a tour to new delhi and want to buy a lot of gold how do I know if it is real 24k gold and?
will be going on a tour to new delhi and want to buy a lot of gold how do I know if it is real 24k gold and a good price.-
ANSWER:
Any gold store will tell you if it is real 24 K gold and if you want to know whether it is a good price, the best thing to do is find out what gold is selling for and compare the weight and price proportionally to that. This does require math skills and some people do not like math. However, I love math.
-
-
QUESTION:
Hi all, can i know which typ of gold should i buy, 22k, thai gold 23k,or 24k gold for necklace?which is worth?
Hi all, can i know which typ of gold should i buy, 22k, thai gold 23k,or 24k gold for necklace? which is worth to invest or sell worldwide? Which typ of gold is more recognise in e world? Thanks all:)-
ANSWER:
22 carat gold is that bit harder, and I recommend that as the highest carat for jewellery, especially chains. 24 carat is too soft unless it's very thick.18 carat is most popular in the West, or in the UK even 9 carat is popular.
www.goldpalace.com is a good place to see some 22 carat stuff. Big Indian population in the UK too that all choose 22carat.
Personally I only have 22 carat except for one 24 carat ring that is thick and custom made, and it scratches and dents really easil but I like the 'patina' it has gained from wear. It wouldn't at all be a good idea on a chain with such small components.
You might want to consider Palladium because that's becoming increasingly valuable lately!!! just remember, Platinum started off the same way until it became popular in jewellery.
-
-
QUESTION:
I want to buy a 24k gold plated bracelet, and i wanted to know if it will turn my skin green?-
ANSWER:
Gold does not tarnish, and is very difficult to corrode. Real gold will not turn your skin green. Many people who think that are allergic to gold are in fact allergic to nickel or various other metals used in gold alloys.Grandpa
-
-
QUESTION:
where can i buy cheap 24k gold earrings?
or nickel-free earrings?i'm allergic to nickel so i need good pairs of earrings but i don't want to spend alot of $$
i was thinking kohls...can u think of any others?
thxs
-
ANSWER:
H Sammuels
-
-
QUESTION:
Can I melt 24k gold leaf into a ingot?
So can I buy some 24k gold leaf and then melt it down into an ingot? Would I have to use acids to refine it so its just gold? What are some other ways to get scrap gold then melt it down? I just want the experience, not for money.-
ANSWER:
24 k gold leaf is pure gold already, so there is no need for refining it.
But with a melting point of 1068 C, this is not something that you can easily melt down (true story: while in high school, in chemistry class, a fried of mine and I extracted gold from a compound and then tried to melt the resulting dust to form a small chip. It took several hours days before we managed to get the refractory electric oven of the lab to a high enough temperature -- we tried for 3 days, in the end, the oven was the first thing he turned on when arriving at school).That said, gold leaves would tend to 'stick' to themselves, so you could fold and clump them up and then beat them down to turn them into some sort of ingot; no melting necessary.
-
-
QUESTION:
where can i buy scrap gold,24k?
need to buy it at 20 dlls a gram or a little more,where or is it possible-
ANSWER:
Your local pawn shop is one place.
-
-
QUESTION:
were can you buy the original master recordings of queen- a day at the races mfsl 24k gold,?
and queen- a day at the races mfsl 24k gold, and john lennon- double fantasy 1980 mfsl 24k gold? do they sell this cd's at any stores? such as bestbuy or fye?-
ANSWER:
This forum deals with Royalty not records.
-
-
QUESTION:
Why buy gold if you have a hard time selling it?
When you buy expensive golden jewelry, like a ring
(for instance I had this ring made of complete real 24K 999 pure gold, wich was very soft and bendable)
When you try to sell it again to get money for it. It is very difficult, if not
very difficult to get good value for it that equals its worth in money.
Let alone a value that comes near the buying price.So what good is it then to BUY gold?
-
ANSWER:
You don't buy gold Jewelry for as an investment. Gold Bullion is what you should have purchased.Check out APMEX.com. I have bot Gold Bullion from them several times. It's easy and every thing is insured.
-
-
QUESTION:
Where can I buy a gold bar, gold coins?
Could anybody tell me where can I buy gold from internet and it is possible to get the 22 and 24k gold which website is trust one and cheap one plz. I live in Birmingham UK.-
ANSWER:
Hong kong sells pure gold but I do remember seeing a shop in Lindon Chinatown selling pure gold, Im sure they can customize it, pure gold is easy to melt
-
-
QUESTION:
Is is worth buying 24K gold-plated jewellery?
I understand that you have to keep them dry but how long do they last? What if I drop my jewellery on the toilet floor, say, the public toilet and I insist on washing it?Or should I spend more money and buy 18K gold jewellery instead?
-
ANSWER:
Of you could, best try to avoid any gold plated jewellery cos it will eventually fade. Put some money instead into a 918 gold jewellery. If that is out of your budget then take an 18k gold jewellery cos it won't tanished like 23k gold plated jewellery. Hope this helps.
-
-
QUESTION:
How much money will I get right now if I sell 1 lb worth of 24k gold?
CNN says gold is now worth 1300 dollars per ounce. Does that mean if I go to a legit place that buys gold and sell the gold, will i get 1300 per ounce which equals to about 20,000 in total?
player one, my mom inherited it from her in-laws as dowry (sp?)...in india, it's a must for women to wear gold.-
ANSWER:
-
-
QUESTION:
Can you tell me how durable 24K gold filled is? Should I buy this necklace(read through)?
I was on Ebay and I came across this nice "GOLD FILLED" necklace that would otherwise be thousands of dollars (which I don't have) if it was pure gold. It's a 24K Gold Filled Large Double Curb Chain Link necklace and I was wondering if it's worth buying because I don't want something that'll turn my skin a different color but I assumed It's nice enough since it's 24K gold filled and not any less. What do you think? Would I be able to refurbish it when it tarnishes, or will it tarnish if I take good care of it and clean it?-
ANSWER:
-
-
QUESTION:
I need to know how much 24k gold plated playing cards are worth and how can i tell if they are real?
I am looking it to buy a deck of gold playing cards for I need some information before i buy.-
ANSWER:
have them appraised at a local jeweler. they would have the equipment/chemicals to help determine that they are real gold plated.
-
-
QUESTION:
I want to buy Gold as investment which is best 24K or 22K?I want to buy Gold Biscuits for atleast 2-3 Months and then i'll sell them as rates are increasing in market. So for i understood that i should buy 24K. Any other instructions plz?
-
ANSWER:
if you wish to BUY jewellery then 22k from any reputed jeweller with his label ,as he will then buy it back when you wish to sell it
if you want for long term investment then 24 k for sure
again you have to specify 99.5 or 99.9% purity the latter is best and offers great value
-
-
QUESTION:
How to separate gold and silver?
I am currently getting interested in buying gold in a minimal quantity. I bought a bullion silver 24k gold EP. Is there anyway I can separate the gold and the silver?-
ANSWER:
They are already separated until mixed together
-
-
QUESTION:
buying gold bars by either a gram or grain would that be a decent investment?
I bought a 24k 1 gram gold bar. Is this a good investment or just a waste of money?-
ANSWER:
The overhead on small quantity bullion is enormous so it certainly won't be an investment as there would have to be a tremendous gain to overcome the overhead. Plus it's only about even at the spot rate. I would say it's a waste of money. Hopefully, your gold chip is attractively packaged.
-
-
QUESTION:
Is the 24K Gold on amazon really 24K Gold?
Should I buy gold jewellry at amazon.com? I am looking at this http://www.amazon.com/02-50-Yellow-Gold-Comfort-Band/dp/B00302YXMG/ref=sr_1_10?ie=UTF8&s=jewelry&qid=1279345720&sr=1-10Do you think it is 24K gold? I thought that 24K gold was very soft and cannot be molded into a ring? If I buy it today and sell after a few months what value will I get? Is there some way that I can determine that it is real 24K gold?
-
ANSWER:
if amazon says it is 24K gold then it is because amazon is a world renowned authentic source. it is rather hard to work with 24K gold and normally silver is added to make it malleable but it retains its 24k quality.
-
-
QUESTION:
Which is the best gold to buy as investment 916(22K) or 999 (24K)?
for investment and getting maximum benefits on selling back the gold which is the purity of gold best suited for easy and profitable liquidity-
ANSWER:
24K is more pure. 22K is stronger. Take your pick.
-
-
QUESTION:
How much is this gold necklace?
I bought a 24k gold necklace about 8 years ago for 300 dollars. How much is it worth now and how much could I sell it for?-
ANSWER:
Are you sure that it is 24k, and not 22k or 23k(24k is rarely used in jewelery because it is too soft), the factor determining the value is the price of gold per oz , or gram. 0 will be about 1/3 of an oz of 24k chain. it would have a greater value to someone as an item of jewelery.If you bought the chain at retail value 8 years ago you might only have 6 grams so you will only get about 0 now.
It would have been nice to know the weight of your chain.
-
-
QUESTION:
is 24k gold ok to have?
i just bought a 24k gold belly button ring and i'm wondering if it is okay to wear.
http://www.bodycandy.com/detail_9991__68.html
do you like?-
ANSWER:
Its fine, it's easier to keep to keep clean and the least reactive metal you can use for piercings. It is also distinctly different in color from gold- silver alloys.The only possible problem is that pure gold is very soft. It will easily be deformed by pressure and the surface can be scratched easily. SO you have to consciously protect it. ANd because it is so soft you should not try to remove it often.
-
-
QUESTION:
I have a mint 24k gold plated Jerome Bettis Card from is 06 Super bowl year still in plastic it worth anything?
I bought the Card a couple weeks after the Super Bowl game was won. It's still in the plastic case and the card is untouched. It's 24k gold plate and it has his stats from his '05 -06 season. I have been trying to find anything on the card over the internet, but i can't even find a picture of it. I was just wondering if it would be worth anything.-
ANSWER:
If you can't find a picture of it, that could be a good sign it's somewhat rare, but don't get your hopes up too high. I have a Brett Favre Falcons rookie card that's barely worth the paper it's printed on. Football cards are generally less valuable than baseball cards.
-
-
QUESTION:
Is there such thing as buying gold from a bank?or some bank of some sort?
Is there such thing as buying 24K 1oz gold from a bank?Or a bank of some sort?Like a more sure place where you know/can trust what your buying a honest 24K 1oz gold.....-
ANSWER:
You can use any of these:www.bulliondirect.com
www.nwtmint.com
www.monex.com
-
-
QUESTION:
what is the gold price in U.S for 1 gram 24k gold?
i am from india and hjave decided to buy gold for my bro.s marriage please suggest me wether it is good to buy in u.s or india (considering quality and PRICE)? if u have suggetions about other country gold rates please do give me. thank you so much!!!!
-
ANSWER:
The price is .03/gram. I know of no place that sells grams of gold. The most common way to buy gold in the U.S. is coins. Several coins are available and easy to buy and sell. The most popular ones are the U.S. Double Eagle, the Canadian Maple leaf and the South African Krugerrand. All of those coins run about ,000. My only warning to you would be find a trustworthy dealer that will sell you a coin(any dealer will sell you a coin) and buy it back(some won't) without problems. Many rare coin dealers handle bullion type coins. I would try to find a local dealer that has a shop you can walk into.
-
-
QUESTION:
Where can I buy high-end Native American gold jewelry?
I have been looking online for gold jewelry inspired by Native American art and culture. I am looking for high-end, quality pieces, particularly necklaces and chokers. I want something that gives a nod to the cultures, but is also modern in design, nothing that looks like it should be a souvenir. I would like 22-24K gold. I have been looking online, but have only been able to find sites that sell low-end costume-like jewelry.-
ANSWER:
I recommend checking at the MJSA site: http://mjsa.org/ (Manufacturing Jewelers & Suppliers of America)
Sarit Designs - Handcrafted Israeli Jewelry
http://sarit-jewelry.com
-
-
QUESTION:
can somebody suggest a good spraypaint i can use on my iron chandelier? i want it to look like 24k gold.HELP.?
pls give me a brand of spraypaint that i can buy directly from our local hardwares.-
ANSWER:
If you are looking for a smooth, plated look, there is not a paint in the world that will do that despite what the Diva says, you cant get a plated look with paint.
If you are ok with cheesy metallic that looks like paint go for it, but you can take it to a plating shop and have it electroplated with brass or a gold colored chromium.
-
-
QUESTION:
Can you buy solid 18k or 24k jewelry that is totally solid and non plated?
And if so, does it break easily? I really only see 10k and 14k jewelry when I go jewelry shopping... and I always wondered if You could buy totally solid 18 or 24K jewelry... because it has more gold... but is it too soft or something??? I want some anyway., but where?-
ANSWER:
-
-
QUESTION:
How do I sell gold chain?
I bought a 24K gold chain and a 24K gold dragon carved pendant several years ago. I got them at a jewelry shop and they come with a certificate of 24K gold from that shop. It was about 0 back then. Now, I want to sell them. Where could I sell them? And how much would they sell for? I live in the U.S.-
ANSWER:
If you're selling for the gold value only, than it goes by weight. If you're selling for the aesthetics of the jewelery, than it can go much higher than the cost of the gold, just as it did years ago when you bought it.Ebay or other such site would be your best bet. Ebay has the best reputation, and I highly suggest you open a Paypal account and use that as the only method of acceptable payment. This is the safest method of money transfer on ebay for both buyer and seller.
For a starting/reserve price to list the jewelry at, you could pay the cost of an appraisal, but that probably won't be cost effective for such a small piece. You could, if you wish, consult two or three pawn shops. This should give you an idea of the minimum value at least. Some mom & pop jewelry stores may give you a rough estimate without charging appraisal fees. It couldn't hurt to ask.
-
-
QUESTION:
how to calcuate gold content from 10, 14, 18, 22, 24K gold?
Hi,
Thank you so much for your answers. I really appreciate it.. My main purpose to buy gold jewelry from paw shops as well as online auctions to refine to get the gold content.
I saw two hoops 14k gold (0.6g) = 0.02 ounce..selling for This is how i caluclated please let me know if i am wrong.
0.02/58.5% gold content = 0.01 ounce
2 today spot price * 0.01 = .72 per ounce.. i will get if i melt that hoops..and they are charging for ..
please let me know Did I do right calucalation? or is there somehint else way to do it so i can know before I buy.thank you
have a nice weekend-
ANSWER:
http://www.goldintomoney.com/precious-metals/how-to-read-gold-karats-and-understand-gold-color
-
-
QUESTION:
what is better gold bullion to buy by the ounce 14k or 24k?
curious-
ANSWER:
-
-
QUESTION:
Should I invest in 22k Gold or 24K? for long term.?
I want to invest regularly in Gold. Should I buy 22k or 24K? I use this to buy jewelery for my daughter in future.-
ANSWER:
I suggest that instead of going for physical why don't you check out Gold ETFs like Gold BeES – a gold exchange traded fund by Benchmark mutual fund, its listed and traded on the stock exchange with real time NAV throughout the market hrs., the price of one unit is equal to approximate one gram of gold.Also remember that you will need to rollover your contract every time it expires. The rollover can happen at a premium or discount. If you are a long term holder, then rolling over your futures at a premium every month will add up to a huge expense. It’s better to buy Gold BeES then as you can just hold it perpetually without any rollover tension. Also, there is tendency that because you pay just 15% margin you end up taking leverage which mean in the same Rs.100/- that you have you can take 6 times exposure. Taking leverage is good as long as you make money but if the trade goes against you the loss can be huge so be careful of not taking leverage.
Also, remember in every market there is a cash & a derivatives market in which you need to pay just margin. Both trade good volumes for their own reasons.
-
-
QUESTION:
I will pass dubai airport, need to know if I can buy some gold jewllery?
Hi ,
I will be passing on my way to SA, I want to knw where I can buy the gold jewelery and is there any difference in rate when compare to India, as India rate is 17000 per 10grms.I would like to buy Ruby beads also, please let me know where can i get or do you have any site to browse the duty free.
How much is the 22cat or 24K gold in Dubai?...please help me with genuine answers
-
ANSWER:
If you want to buy the gold in duty free then there is a large store loacted in the middle of the duty free where you should be able to find what you're looking for, you wont be able to miss it.
I'm afraid thats the best I can help you.
-
-
QUESTION:
Do gold bullion bars have to stay in there package to keep there value?
Now days almost all the 24k gold bullion bars you find for sale come in a package, like a card they are sealed into from the refinery, I am speaking of smaller bars from 1 gram to like 1 ounce bars some others too. I am curious, if I bought 50 gold bullion 1 gram pieces would they lose value if I took them out of there package or be harder to resale in the future or prove there purity?-
ANSWER:
The only value of a gold or silver bar is its meltdown value. It doesn't matter whether it's dirty or dented or scratched, meltdown value is the same.I can manufacture any package you want to "prove" the purity. The dealer doesn't care about the package.
-
-
QUESTION:
buying gold from pawn shop?
is it cheaper to buy gold from a pawn shop? im looking to buy a 18k-24k gold necklace. would a pawn shop sell u a fake necklace and tell u its real?-
ANSWER:
I would always be cautious, but probably not. I buy a lot of jewelry from one pawnshop I have been dealing with for over 30 years, so I get good prices and good advice from them too. Find a pawnshop that you can ask a lot of questions about the gold and diamond rings. If they give you good advice, I would tend to work with that person more of the time. Right now gold is about .00 to .00 a gram, depending on the carats, item and wear on the item itself. I get charged .00 a gram most of the time and a lot of the time even less, I buy a lot of jewelry for my daughters dowelry. Most shops will always way overprice their lightweight gold jewelry, so do some leg work for a few months before investing in gold jewelry. One last hint would be to read up on it on-line or at your public library. Good Luck and happy hunting....pcr
ps: they will usually let you layaway for free and let you make payment like .00 or .00 a month if they really want your business.
-
-
QUESTION:
CAN I MELT A REAL 24K GOLD FLAKE THAT I BOUGHT FROM EBAY INTO NUGGET? IF CAN, WHAT ARE THE TOOLS &HOW TO DO IT?-
ANSWER:
"Flake"? Gold leaf is about 1/1000 mm thick. What is the volume of your flake?
-
-
QUESTION:
Is thisthe right time invest in gold? if yes, then why?
What is the best rate to buy gold 24k ?-
ANSWER:
-
-
QUESTION:
I'm looking for a 24k gold New york yankees coin set?
My friend has this 24k gold 9 coin set from the Yankees and I want to buy one. I unfortunately can't find one yet. Can anyone help find this item? thanks in advance-
ANSWER:
You could ask your friend where they got theirs.
-
-
QUESTION:
Where is the cheapest place to by gold in the EU?
which country is the cheapest place to buy gold over the counter (24k 1 kilo)? and if possible, where?-
ANSWER:
Nowhere... gold has the same price everywhere.
If something like that could happen (it can't)... others with a lot more money than you would of have done it. You can buy cold in the stock market or if you want to have it in your hands from a sertificated dealer but the prices is fixed according to the stock market.
-
-
QUESTION:
Advise for investing in gold?
I would like to begin buying gold, primarily for investment purposes. Is the purchase of 24K gold coins from the US mint, such as the American Eagle, a good way to go? Are there any draw backs to buying gold in this way, aside from the obvious need to keep it secure? I would appreciate any advise. Thanks.-
ANSWER:
Your best bet is to buy from a reputable (in business a long time) local coin dealer. This way, you can see and feel the weight of the coins before you buy. Also, it's probably best to buy coins issued by a sovereign government and not the 1 oz. bullion (or 10 oz.) that are out there. In some cases, the bullion would need to be assayed or tested (with acid or shaving) to check that it is real (unless it's encapsulated by a the issuing company in a tamper-evident case) whereas if you purchase an American Eagle or Buffalo or Canadian Maple Leaf or other foreign government issue, there's no question of it's gold content. If you do buy gold, understand that it is a very long-term proposition since once you have it, it doesn't do much - it doesn't pay interest or dividends but I would think that it is nice to take out and look at from time to time. You will likely lose money in the short term until inflation increases it's value over a long period of time. The recommended allocation that I've heard is no more than 5% of your total portfolio's value should be in precious metals. Also, when you're at the dealer, you should not be charged any more than around 10% over the spot value of the metal. Below is a link you can check to see the daily spot value. Keep the coins, or bullion, encased in protective plastic Air-Tites since condition (in the distant future) may be important when selling. Below is a link with the spot values of the most common precious metals. Good Luck!
-
-
QUESTION:
Is investing in gold a smart decision right now?
And if so, is better to buy gold coins or gold bars? And which is more valuable 24k or 10k?-
ANSWER:
It really depends on what your portfolio looks like and how long until you retire. Diversification is important as is an asset allocation based upon your age and future expectations. Gold is a long term investment which will not provide a substantial return for several years. Actually I would say decades. Remember the saying.....buy low sell high. Well, right now it is really high.If you do decide to invest in gold you may consider gold shares in a mining company or Gold SPDR shares. Physical gold does not pay dividends while your shares would. Also keep in mind the gold market is extremely volatile. It's not for the weak stomached investor.
Without knowing your age, current investments, and value of your portfolio it's really hard to say yes or no if this is a good idea. If you are young with a portfolio less than 0,000 I would consider ETF's and skip your thoughts of gold. ETF's are diversified and can provide a substantial rate of return. You will have ups and downs but if you pick the right one, it can payoff. In case you already haven't, I would suggest contacting a investment agency for additional details.
-
-
QUESTION:
Which is better in order of durability-- 2 layers of 24K gold over silver,14K over jewelers brass, or 9K gold?
I want to buy charms for a charm bracelet which is worn occasionally, even though alot of the other charms on the bracelet are 14K. Will the gold wear off when worn against my acidic skin?-
ANSWER:
2 layers of 24K gold over silver, the higher the karat is, the more durable it is..
-
-
QUESTION:
Preserving roses in gold?
I have heard that there is a way to dip roses and other flowers on 24k gold on order to preserve them. I have found plenty of sites on the net where you can buy these gold roses, but i want to find a company that can do it to roses that i already have. i got married on the weekend and want to preserve the roses we used in our rose ceremony. Im in Australia by the way...-
ANSWER:
Look for electroplating in the yellow pages. RScott
-
-
QUESTION:
What are the differences between the types of gold?
For example the 14k gold, 10k gold, 24k gold and so on.
and also same in diamonds?
and what is white metal? if you were to buy jewelry with white metal would it ware off?-
ANSWER:
white gold IS gold. they add something to it to get the color. i prefer yellow gold though.
not sure what white metal is in reference to?
24k is pure gold. The less the k, the less the amount of gold in it.
14k is less gold than 24k or18k.
rose gold is gold with a bit more copper in it.
pure gold is kind of soft, so other metals are added to make it harder.
-
-
QUESTION:
Is gold cheaper in Europe?
Some guy on Skype told me he is buying 18-24k Gold from Italy at a gram. He is having it shipped here and selling 0 worth of gold for 00. I called bullshit but he seems to be telling the truth. He is not asking me to give him money or buy anything so hes not trying to scam me. He wont tell me his source but he told me it is possible.Does anyone know anything about this? Could it actually be true?
-
ANSWER:
-
-
QUESTION:
gold question!?!? easy 10 points!?
I am going to buy 10 24k gold plated wheat pennies. I was wondering if they are worth the 12 dollars and will they have more value in the furture?-
ANSWER:
Yeah
Check this out
http://answers.yahoo.com/question/index;_ylt=AoYVGStQAmNHQQmI57szbnHty6IX;_ylv=3?qid=20090403114539AARU3ZF
-