Why buy gold if you have a hard time selling it?

Question

When you buy expensive golden jewelry, like a ring
(for instance I had this ring made of complete real 24K 999 pure gold, wich was very soft and bendable)
When you try to sell it again to get money for it. It is very difficult, if not
very difficult to get good value for it that equals its worth in money.
Let alone a value that comes near the buying price.

So what good is it then to BUY gold?

Answer 1

You don't buy gold Jewelry for as an investment. Gold Bullion is what you should have purchased.

Check out APMEX.com. I have bot Gold Bullion from them several times. It's easy and every thing is insured.

Answer 2

Gold jewelry is very expensive to buy, but if you have gold, it is easy to carry, over international borders in time of crises, and accepted without need to show id. in sort it is a good source of emergency cash, as are diamonds.

when approaching a dodgy boarder. both can be swollowed in times of crises, and recovered later, cleaned up and sold for much needed cash once away from danger.

unlike credit cards and notes, it is safe from somach acid, and unlike coins, will not poision you on the ay through.

Answer 3

You know me personally would buy gold to wear and keep. I wouldn't sell it to make profit out of it.

You could just pass it on if you cant sell it.

I think you'd make better profit out of the white gold.

Answer 4

you don't have to buy jewelry to invest in gold. the gold ETF (ticker GLD) alows you to invest in gold and be able to trade it on the stock market. (buy and sell whenever you want). buying the ETF makes it easier to invest. the price of gold fluctuates like any other commodity. everyone should hold a little gold in their portfolio

Answer 5

I think gold is pointless in this day & age, it was all well & good in earlier times, ie Egyptians.. But now pointless, just another metal, the stock market used to value gold, they still do, but not as much as words or coffee. I preffer Silver myself. Even britain doesn't have a gold reserve anymore, it doesn't need it, so gold jewellery, is just that, jewellery, like plastic, wooden, silver, fake, or costume.. i would say no good at all my friend.

Answer 6

Erm, people usually buy gold jewelry to wear, not to sell it off for a profit.
If you want to profit off gold, then you should be looking at futures or unit trust etc...

Answer 7

Pay retail prices for modern jewelery and you will never get your money back. Buy it close to scrap value or have some knowledge of what you are buying (and where best to buy it) and you might fare better

Answer 8

Exactly. So the only reason to buy gold is for its beauty and for your enjoyment... when it comes to selling it, you will indeed nearly always get far less than what you paid for it.

Answer 9

purchase gold even as the cost is low promote gold even as the cost is severe.. call me once you may anticipate those 2 activities... ask your self....why did the guy who bought you the gold come to a call to promote it if the cost replaced into "low"?

Answer 10

if you want to buy gold for resale , buy gold coins or bar