Gold rush, Chinese New Year sees new demand for gold

Retailers across Asia are gearing up for a round of last minute shopping as the Chinese New Year draws closer, and as the Ashleigh Nghiem reports, people aren't just stocking up on clothes and food, but a precious metal as well.

Retailers are gearing up for a round of last minute shopping as the Lunar New Year draws closer.

According to the Chinese zodiac, the Year of the Dragon starts Monday, 23 January.

And as the BBC's Ashleigh Nghiem reports, people aren't just stocking up on new clothes and food but gold as well.

http://www.bbc.co.uk/news/business-16643789


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Gold for Investment?

In modern times, investment has been considered as one of the best methods of making money because people are not only having less income but they also need more freedom of choice over their earnings. One such form of investment is jewelry as this is one commodity that has been the most stable and longstanding investment of all times. This is due to the price and financial returns which rely on several factors and not only on the stones or precious metal it is made of. All over the world jewelry has always survived economical collapses, like what's happening now. Since it is not susceptible to the fluctuations that take place in shares and stocks or even in the currency market, jewelry does not lose its value. The current hotspot in this field is investment in gold jewelry. Based on recent global reports, every year there is a rise of approximately 19% in the demand for gold jewelry. This is a record breaking amount and it has been predicted to rise more in the coming years. This is not only collectible and convertible but its worth also increases with time.

Jewelry can be a very enjoyable investment because it also makes a visual statement about the wearer. In ancient times, gold jewelry was associated with wealth and power, giving the wearer a confident and powerful demeanor. As an investment it has several advantages associated to it, such as for a quick turnover, antique jewelry could be bought and sold quickly. The price of jewelry is subject to trends. The demand of yellow gold is very high in countries like Europe and US. However, because of the nature of the fashion industry white gold will also become very popular. The best way of investing in jewelry is to have a good idea about where and how you will buy it. With the advancement in technology and Internet becoming accessible to everyone, it has become easy to contact dealers and complete your business no matter where you are. Internet has also increased the chances for jewelry wholesalers as they are able to advertise their good easily. This in turn means that the investors would be getting more for their investment. You can obtain a great deal of information through a jewelry dealer on the quality and style of a jewelry piece but make sure that you also consult with an investment professional or gold advisor for better advice. They will be able to help you out in a better to manner and determine whether a deal would be good or not.

Karat is the most important factor you need to take into consideration when buying gold jewelry. Pure gold is 24 karats and it is available in a strong orange yellow color. However, white gold cannot be considered a less wise investment as compared to yellow gold. Make sure that you buy pure gold from a well established gold jewelry store. Invest in gold and let the gold work for you. Make it at http://www.jewelrydays.com/

-Ann

JewelryDays

Source: money-zine magazine