Why is Jewelry a Good Investment - The Filipino Rambler

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Wednesday, August 31, 2022

Why is Jewelry a Good Investment




They say gold jewelry has been in existence since time immemorial. It dates back as far as 4000 B.C. The affluent society of Ancient Egypt wore gold jewelry to show wealth and power. Ancient Greeks wore these to symbolize upper class wealth. In Ancient China, it is said to protect wearers. During pre-colonial Philippines, datus and their wives adorned themselves with gold and jewelry. Even belts were woven from gold wires making it more elaborate. Indeed, gold and jewelry has been part of mankind even before history was written. 

JEWELRY IS A GOOD INVESTMENT


In our family, it is my mom who loves collecting gold and jewelry. I remember when we were kids, some neighbors would approach her and pawn their jewelry-and if it is gold and she has some savings to spare, expect her to get it. She'd say it's a good investment because it maintains its value over time even when the market is fluctuating. On occasions when it was hard to make ends meet, my mom's gold and jewelry had been our saving grace.


Here are other reasons why it is a good investment:


  • Gold can easily be converted into cash anywhere in the world.
  • During inflation, gold rises in value. It is a much stable investment in cash.
  • It's an investment that you can wear and also sells at a profit. It can work as an emergency stash for a rainy day.
  • Gold jewelry also survives deflation. Deflation is when the economy is burdened by excessive debt and slow business activities. Its value continues to soar while other prices decreased sharply. 

HOW TO BUY GOLD JEWELRY


It is important to buy authentic items from reputable sources and reliable suppliers. I'm sure most of you has come across online sellers but you have to be wary of scammers. There are reputable stores in malls and you can also check those stalls in Binondo if you're looking for one. Some buys abroad and others deal with private traders and antique collectors. 


CEBUANA LHUILLIER JEWELRY




I like to check Cebuana Lhuillier Jewelry online to scout for preloved jewelry retail. I once pawned a ring in Cebuana Lhuillier so I'm sure the items are authentic because they have a strict gold appraisal standards. (Check my pawning experience HERE.) It's been a trustworthy household brand for over 30 years so one is guaranteed na walang scam. Whether you're looking for necklaces, pendants, bracelets or rings- they have a vast array of items at an affordable price. If you prefer new items that are authentic, unique and has good value for money, check Cebuana Lhuillier Premium.


This yellow gold necklace (18K, 1.5g, 18cm) is on sale and is priced at 4,185 Php only! Check here.


Shout mine because they also do Online selling on their Facebook page. Enjoy discounts and purchase items at a very low price. It's very convenient to buy gold items anytime, anywhere- you just have to check them online or visit any CLH branch anywhere. Pro-TIP: Make friends with the Cebuana Lhuillier staff so they can advise once there's a 'rematado' sale coming up. I also joined Cebuana Lhuillier online community group because they sell items there everyday! One caution though, browsing items can be very addictive! It inspires me to save for money so I can check out the item soon.


Planning to save money to buy this and give as a gift to my mom.


FINAL THOUGHTS


You deserve a reward with your hard-earned money. Some eye gadgets, I prefer to save and invest in gold and jewelry aside from insurance and bonds. We've seen how the pandemic has greatly affected the lives of many, investing in gold jewelry can help cover during these uncertainties. It is an investment worth well considering.


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