It’s no secret that the economy is uncertain right now. The stock market is up and down, housing prices fluctuate on a weekly and monthly basis, and the job market is beginning to trend into the unsteady. So it might seem like a bad time to invest in anything. But there are still some things that offer stability in a shaky economy-and jewelry is one of them. Here are three reasons why investing in jewelry in 2022 makes sense even in today’s economic climate.
1. The Value of Gold & Silver are Rising
Gold and silver have always been popular investments, but their value has risen even more in recent years. In fact, gold hit an all-time high in August 2020. And silver isn’t far behind-it’s currently at its highest price since 2013. So if you’re looking to invest in precious metals, now is a great time to do it.
When selling jewelry made of gold or silver, you’ll typically be offered the market price for those metals. This means that the price will vary depending on how much of that metal is currently available in the market. So if gold is in high demand, the price will be higher than if it’s not. However, this also means that the value of your jewelry could potentially go up over time. So if you’re thinking of investing in jewelry, it might be a good idea to choose pieces made of gold or silver-they’re likely to hold their value better than other materials.
2. Jewelry is a Tangible & Portable Asset
Another reason to invest in jewelry is that it’s a tangible asset. Unlike stocks or bonds, you can hold it in your hand and see it every day. It is also very portable. You can take it with you wherever you go, which is not the case with stocks or bonds. And if you decide to sell it – you can do so quickly and easily.
Jewelry is often passed down from one generation to the next. If you invest in a good quality piece, there’s a good chance that your children or grandchildren will likely inherit it one day. So not only will you be able to enjoy your jewelry while you’re alive, but you’ll also be passing on tangible wealth to your loved ones.
So if you’re looking for a safe and reliable investment, consider investing in jewelry.
3. Jewelry is Easy to Trade & Sell
When you are ready to sell your jewelry and cash in on any investment made – doing so is relatively painless. Estate jewelry stores like La Maison Yamron will purchase outright your jewelry for current fair market value. Regardless of where you live, your investment will have rapid liquidity.
If you’re looking to sell your jewelry, La Maison Yamron is the perfect place to do it. We work with the world’s highest recognizable jewelry brands and often purchase lots of jewelry, including estate lots. We are always buying. So if you’re ready to sell, come see us today! We are located at the Waterside Shops in Naples, FL.