Accy cyclist
Legendary Member
- Location
- The hills of Accrington
As the thread suggests, do you own any gold or silver and if so did you buy it as an investment in these bank account scrutinised times, as a way of hiding your assets, or did you buy it or receive it simply to wear as jewelry? I hear folk say they are buying gold now as a form of investment due to its expected rise in price/value, whereas money in the bank stagnates and doesn't accrue value due to relatively low interest rates. Not so much silver, as silver is low value compared to gold, with today's silver price at a mere 61 pence per gram, compared to 18 Carat gold at £38 a gram. I've been looking round those usually untidy shops that sell old coins, banknotes, medals, stuffed animals, 78 rpm records etc etc. I've found one where the owner sells 9 Carat gold at £20 per gram which is just slightly above the current scrap rate. If you buy say a 10 gram ring from this shop it'll cost approximately £200. If you bought a brand new 10 gram 9 Carat gold ring it's cost approximately £500. The shop in question has this 18 Carat gold ring for sale at £500.
It weighs 12.2 grams, so if it was new in a reputable jewelers it'd set you back approximately £1,220. Yes, the stone looks like it could weigh 1 gram, so the ring probably has 11.2 grams of 18 Carat gold costing £1,120 if new.
Your thoughts on buying/wearing gold please!
It weighs 12.2 grams, so if it was new in a reputable jewelers it'd set you back approximately £1,220. Yes, the stone looks like it could weigh 1 gram, so the ring probably has 11.2 grams of 18 Carat gold costing £1,120 if new.
Your thoughts on buying/wearing gold please!
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