Monthly Archives: April 2017

How To Buy Gold As An Investment

Gold has been a ubiquitous symbol of prosperity and riches since time immemorial. Kings, nobles and common man alike have always had a strong affinity towards this precious yellow metal and had tried to manifest it in all forms of jewelry, coins and bullion. The admiration and charm of this sunshine metal have only glorified over past thousands of years.

Gold, over the years, has acted as an insurance against fiduciary currency and had been consistent in assisting their relative values. The magnetism of gold has made it all the more desirable as an alternative for investment as well as for ornamental purposes. The gold is actually a mine of investment when it comes to safeguarding one’s future against the uncertainty of global markets.

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Investing in Gold:
Here are certain factors to put into consideration when investing in gold:

  • Gold coins come in 24K and are 90-99% pure gold.
  • Ornaments in gold can be found in 22K, 18K, 14K as well and they contain gold in 92%, 75%, 58% respectively.
  • Investing in Gold bonds(stocks) is a way to earn money in dividends. Although gold bonds do not mean possession of the precious metal.
  • The 90% of the use of gold is done in a manufacturing of gold jewelry.
  • Gold is susceptible to price fluctuations as it is mostly concentrated in a limited number of government banks.

Coins:

The prosperity of gold coins is inversely proportional to the fluctuations in the global market. The gold coin of reputed companies that are certified by the hallmark of gold have purity of gold upto99.9%

Gold Bars and bullion:

The gold bars are available in various weights, sizes and shapes, the starting weight being 1 gram and exceeding so forth. The lighter gold bars and bullion can be used as a barter when planning to purchase gold ornaments. Gold Bars and bullion are available both produced by government mints as well as private companies.

Gold Ornaments:

Gold ornaments and fine jewelry gives double benefits of investment as well as wearability. It acts as an heirloom and can be combined with several other precious metals, diamonds and precious gemstones to enhance its value as well as physical appeal and allure. It also of utmost importance to buy gold of the order of 22K and 24K in order to ensure high returns.

Conclusion

Invest in gold wisely. When purchasing it from jewelry stores, online stores, government or private mints, ensure that it is engraved with the hallmark as well as is worth the standard karat and price. Also, remember the price of gold jewelry and ornaments will always experience more fluctuations as there are taxes as well as making charges are also added. Invest some time in market research and then make a decision.

Visit Sachs Jewelers for selling your old gold and get the value according to the market price.

A complete guide to hassle-free jewelry repair

Fine jewelry is likely to experience a little wear and tear with prolonged wearing over a period of time. It is always advised to get one’s jewelry checked annually for repair of any possible wear and tear caused by wearing it day in and day out. Whenever an accidental damage occurs to our jewelry we get the Goosebumps and there are several questions racing through our mind like how would I get it repaired? How much would it cost me?  And many more questions of the likes. Here we have compiled a complete guide for a hassle-free jewelry. Read on:

 

Custom Jewelry repair:

If you have bought your custom made jewelry from a store near you then, we are sure that they will offer complete professional help in repairing the jewelry. If you do not have the privilege of the same jeweler nearby then it is best to get your jewelry repaired from a jeweler store that has professionally and ethically skilled persons to handle the jewelry along with a reputed name in your area.

 

Know your jewelry

It’s always good to k now the basics about your jewelry when taking it for repair

Like the actual weight of the metal, carat weight of the gemstones used so that you

are well aware of the statistics of the jewelry piece that you are handing for repair and should check the same after the repair to match the standards.

 

A little knowledge

A repaired jewelry should not have any visible marks of hammering with any tool. It should be free from any type of seams made by cutting or soldering. Stones should be tightly secured in the prongs.

 

Changing ring size

If you are at a jewelry shop to get a ring resized, it is best done by the following three methods namely Cutting and soldering: in this method, the ring is first cut and then soldered to fit the size of the wearer. Sizing beads are placed on the insides of the ring to fill in any minor size differences.

 

Chain Repair

When getting a chain repaired, remember that it won’t be as strong as it used to be earlier but that doesn’t mean that it will become very fragile to handle a light gemstone. Chain repairs usually charge more than a routine jewelry repair.

 

Prong Repair

Wearing the ring day in and day out results in the wear and tear of the prongs further resulting in the loosening of the diamonds. It is always better to get it repaired on time to avoid any kind of accidental loss of the gemstone.

With this complete guide to repair the jewelry, you are ready to get your jewelry repaired hassle free.