Is gold jewelry a wise investment?

[NeilCartwright]

Im takin going to Kay jewelers (or somewhere similar) and getting say a 14k gold watch, bracelet or necklace?

I turned 22 last month and basically got my first "adult" job a few months ago.

Realistically I'd get a nice necklace (not chain) and either a gold bracket or watch. Not gaudy jewelry, something light I can possibly get in my early 20's and still have it 30 yrs from now.

Should I look into it or just keep my money? I already shop at thrift storesno car payments and I already have a budget for rent/food

 

[Flychologist]

A terrible terrible investment. Jewelry value drops damn near 90% if you have to resell it. Watches keep decent value though but straight jewelry not so much.

 

[NeilCartwright]

A terrible terrible investment. Jewelry value drops damn near 90% if you have to resell it. Watches keep decent value though but straight jewelry not so much.

Even gold? I would think a 14k gold necklace would hold it's value over the years

So you're telling me these necklaces, bracelets, etc Depreciate in value over the years? This may be an ignorant question then why even buy jewelry then, just to flex?

I have a friend who got a 14k gold bracelet like the one in the pic, but its about half the width of the one shown. Even something like that depreciates

 

[Primetime21]

So you're telling me these necklaces, bracelets, etc Depreciate in value over the years? This may be an ignorant question then why even buy jewelry then, just to flex?

Well yea, unless you just have an affinity for jewelry.

 

[Diondon]

Antique jewelry, yes. Better cop watches like homeslice said.

 

[the artist known az]

The price of gold already hit its peak a few years back. At its highest it was like $1800 an oz now its maybe $1100

 

[BaldingSoHard]

If you want to invest in precious metals, jewelry probably isn't the best way to go about it. Look into gold coins if you're interested in an investment. Gold would be a good investment to buy right now, btw.

 

[TLR Is Mental Poison]

No, fake jewelry has come a long way

 

[Kobes Two Jerseys]

Gold? shyts tacky as fukk.

 

[NeilCartwright]

Gold? shyts tacky as fukk.

Put me on on game man. What do you suggest?

I'm young.

 

[GoFlipAPack]

Put me on on game man. What do you suggest?

I'm young.

Platinum breh

 

[definition]

Even gold? I would think a 14k gold necklace would hold it's value over the years

So you're telling me these necklaces, bracelets, etc Depreciate in value over the years? This may be an ignorant question then why even buy jewelry then, just to flex?

Can't tell you about depreciation ... But you pay an enormous markup on jewelry. So even if it held its real "value" per ounce, you'd have already paid more to buy it.

No idea why people buy it. All I know is I don't.

 

[unit321]

Im takin going to Kay jewelers (or somewhere similar) and getting say a 14k gold watch, bracelet or necklace?
I turned 22 last month and basically got my first "adult" job a few months ago.
Realistically I'd get a nice necklace (not chain) and either a gold bracket or watch. Not gaudy jewelry, something light I can possibly get in my early 20's and still have it 30 yrs from now.

Should I look into it or just keep my money? I already shop at thrift storesno car payments and I already have a budget for rent/food

Depends.
If the value of gold goes up in the future, then you can sell it at a profit.
It's about timing. If someone bought gold jewelry back in the 90s and then sold it at peak prices during the early 2010s, then they would have made money. If you bought gold at its peak n the 2010s and then sold it now where the value of gold has gone down, you would lose money.