Investment in precious metal like gold has been a traditional way of saving. It has a great ornamental value and can be traded at any place any time to meet sudden cash requirements, as well. You may also be following the similar approach inherited over the period of time from your well wishers and conventional financial adviser. But, have you ever thought of any other investment options that give you better returns. You will agree that gold jewelry, except the routine wear items, is kept in lockers and used only on special occasions. Depending upon the inventory of this metal, you can sell gold jewelry in parts and invest the proceeds in other financial instruments. In case you have five necklaces, you can sell two.
Times have changed and so are our needs. These days, there are varieties of alternate means to meet your cash needs in uncertain scenarios. Depending up the cash amount, sell gold jewelry to any reliable and approved jeweler to ensure you get proper weight and measurement value.
The return on investment in equity market through stock exchange is far greater. There are several financial instruments such as secured bonds, growth funds and government approved securities. Investing in these securities has also become very easy and return is also guaranteed. There are specialized and qualified professionals, who act as fund manager on your behalf and take care of your investment.
Another dimension that prompts to sell gold jewelry is the change in lifestyle, fashion and living trends. The use of diamond as well as Platinum jewelry has increased. The frequent changes in jewelry designs and other factors such as fluctuation in gold rates, labor rate etc has also made investment in gold jewelry less attractive. The gold plated artificial jewelry is a good substitute considering these points. You will also be free from fear of losing costly original gold articles in case any burglary. At the same time, you have spare cash which can be utilized to prepare a high return financial portfolio.
These financial stocks do provide instant reimbursement of cash in case of immediate needs. The applicability of latest high end technology tools have made investment in these financial instruments secure and protected. The use of digital signatures and online transaction facilities available round the clock has resulted in a secure and transparent system.In earlier times, the heavy weight gold jewelry was a status symbol and a means of exchange but these days the luster is reduced. The urban citizen would prefer light weight gold jewelry with minimum investment. The bank loans and insurance agencies fulfill the requirement of securing your and your family’s future, education, medical, business and accidental needs.
So, consult your financial planner today, sell gold jewelry that is occupying your locker space for years now and invest other than gold to get better rate of returns.