investing in jewelry
Jewelry is an important part of an investor’s basket. Its value increases with time, just like other investments. Gold, in particular, rises in value especially in times where investors become concerned with paper assets and prefer to invest in real assets. Jewelry could also be a very good “pamana” or heirloom that will be treasured by your descendants. It is a tangible investment; you can see it, hold it, wear it (try wearing a stock certificate around your neck) and appreciate its beauty over and over again. Jewelry can be pawned in times of fiscal emergencies. It is readily convertible to anything and it has inherent value in itself. I have read somewhere that during the war, when paper money became nearly worthless, you can still exchange bits of gold for bread, fish or meat. It is good for the investor’s psyche that should banks collapse, stock market plunges and all hell breaks loose, he still has this type of investment to rely on
Just remember to purchase jewelry from reputable sources. Have it appraised so you know how much its worth. Keep it in a safe place too. Investing in jewelry with aesthetic value is a plus, since this would add value to your investment. Rare pieces become collector’s item in the long run and become more valuable should you plan to sell them. So if you have spare cash, why not consider paying your friendly jeweler a visit.
how to avoid falling into investment schemes
People sell anything these days but what catches our attention are opportunities to make money. But we must be careful in placing our hard earned money. They might be offering incredible returns but at what cost. Such high returns at regular intervals could probably be what is called a Ponzi scheme. According to the wikipedia: A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. This is also called pyramid scheme, since what is paid to the top investors of the pyramid are the investments of those at the bottom and so on until the pyramid becomes too large and without new investors, it collapses. The title of this post is quite misleading because it is very difficult to spot these schemes. These are perpetuated by professionals, they have beautiful offices and your friends are also investing their money with them. It only becomes clear if we look at it in retrospect, when our investments with them have vanished.
