Jewellery is something that all of us buy at some point in our lives. It serves many purposes. Not only does it make us look pretty but also showcases our social standing. Fine jewellery made of gold, diamond and platinum is expensive. People spend a considerable amount of money to buy them. But they stand to gain by investing in jewellery for several reasons. Here is why most people tend to invest in jewellery over other things like real estate.
The most common items used for making fine jewellery are platinum, gold and diamonds. These metals and stones are expensive and their value tends to appreciate with time. Therefore, buying lab diamond engagement rings having a gold or platinum bands can prove to be very valuable in the long run. Metals such as gold and platinum are excellent investments because they can protect you from the risk of inflation. Due to inflation, the value of the currency decreases over time and therefore investing in currency is not very beneficial. On the other hand gold can serve as an inflation hedge and is therefore an excellent investment option.
The second most important reason why people prefer investing in jewellery rather real estate is because jewellery is easy to buy and easy to sell. Metals like gold and platinum are constantly in demand and will remain so even in future. Therefore, purchasing gold from reputable sources can be a good investment for the future. Liquidating your gold jewellery is very easy and can help you in the times you need immediate cash. All you have to do is go to your local jeweller and sell it. All jewellers recognize gold and will be ready to give you a good value for it.
One of the easiest ways to get loan from the bank is against gold jewellery. Life is unpredictable and if you have an emergency where you need money then gold jewellery will come to your rescue because it can be liquidated easily. Most banks will give you a loan against your gold jewellery and approve it in one day. After you have paid back the loan they will return it to you in perfect condition. Additionally, the interest of this gold loan is considerably lower in comparison to other types of loans.
Another advantage of investing in gold and diamond jewellery is that is doesn’t require much maintenance. Investing in real estate will require you to spend more for the upkeep of the property if you want it to increase in value over time. On the other hand, investing in jewellery such as bespoke engagement rings hatton garden will require minimal to no maintenance and allow you to wear them and look good from time to time. They are also easy to pass on to the next generation which will benefit them in the future when they really need it. Jewellery is a more secure investment as compared to real estate and therefore most people opt for jewellery when it comes to investments.