Buying and selling old in its different forms is an exciting yet relatively secure form of investing and realizing returns on these investments. Gold has long been a form of safely investing in a category that is relatively risk free, is something tangible and physical, as opposed to stocks, debt and treasury bills or bonds and can come in a variety of forms.
SELL / TRADE
There is often a taboo around buying second hand items or previously owned items in this day and age where consumerism, image and status all create an unfortunate conflict of having to have the latest and the greatest. But this doesn’t really have to be the case. There are of course those that recognize that previously owned items can be extremely valuable and rare and have more history and character than anything that you buy today. These people have realized that the fun is both in owning something rare and unique but also in the search for that elusive item.
Jewelry has always been largely bought to be worn, to be shown off at work or on social occasions, to complement the clothes you are wearing. Jewelry is largely aesthetic and is bought in the same shopping impulse as a set of clothes. But is this always the case? Many jewelry items have inherent value as a result of the precious metals and precious stones that can be found in the more expensive or higher end jewelry.
Gold has been used as a determinant of value, as an investment and for currency ever since the metal was dug up from the stone and ground and could be heated and molded into a bar or a coin. Trade using gold was established thousands of years ago in Europe and China and spread quickly through the world as civilizations and cultures expanded and started trading with each other.