topic Re: Gold is going way up in Jewelry

Gold is going way up

SharkE — Thu, 24 Feb 2022 16:53:26 GMT

Now, is the time to sell. Almost 2000/oz. My Aunt sold off some old gold rings and pulled in 1,000. I'm not selling don't need to, but, if your buying gold jewelry believe I'd wait LOL

sell good

buy bad

Re: Gold is going way up

sarahpanda — Thu, 24 Feb 2022 17:16:27 GMT

@SharkE I'm confused - Why should I wait to buy gold now - if in fact as you said it's ''going way up''?

Re: Gold is going way up

geezerette — Thu, 24 Feb 2022 17:25:43 GMT

@sarahpanda wrote:
@SharkE I'm confused - Why should I wait to buy gold now - if in fact as you said it's ''going way up''?

@sarahpanda

I think you may have misread the original post. @SharkE is saying to sell now, not buy.

Re: Gold is going way up

amyb — Fri, 25 Feb 2022 14:54:55 GMT

I sold some old, some broken pieces last year when it was $1800..made about $650.00.

Don't need to sell anything, didn't need to then, just thought it was a good idea since they weren't things I wanted to fix, or wear.

At that time everyone thought it was at an "all time high" and I was thinking sell, before it goes down again. I don't regret not holding onto those few pieces.

I did get everything newly appraised finally, last year...my insurance listed items' premium went up by a lot, but at least it's "protected" now. My appraisels were over 20 years old and some things not appraised, newly inherited.

As for retail....I was watching some of the recent QVC jewelry day shows..and for comparison.. I was wearing, a beautiful Affinity champagne diamond ring my mom had splurged to buy me over 10, maybe 14 years ago. A nice 14k gold setting, it is a puffed heart, covered in champagne diamonds. That was back when we were both new to Affinity, and some pieces were beautiful then. The diamonds on this ring are very sparkly. But to compare...I remember my mom spent about $360.00 for it. I looked at an Affinity heart shaped ring they were selling this year, not nearly as pretty a setting, or heart. The heart was flat and not attractively designed. $999.00. And the diamonds were "white" but Affinity diamonds aren't often very white. So yes...not the time to buy, and I, personally would want to go to a brick and mortar store and know what I'm getting, not off tv...especially these days.

Re: Gold is going way up

millieshops — Thu, 24 Feb 2022 17:31:11 GMT

@geezerette Lol. I also missed that part of the post when I first read it.

Now that I did, I am not sure today would be a bad time to buy gold jewelry because what's for sale now was bought at lesser prices than what will come onto the market a year from now.

Seems like every day I find another reason to stick to my resolve to wear the gold I already have instead of shopping for more.

Re: Gold is going way up

Sooner — Thu, 24 Feb 2022 17:40:31 GMT

Gold goes up and down. I don't think we are near the high now depending on how things go. I don't need the money, so I'm not thinking of selling unless I do.

Also remember 14 kt. is worth about half of the market price for gold. So a lot of USA jewelry really isn't worth that much now.

Re: Gold is going way up

KingstonsMom — Thu, 24 Feb 2022 17:43:20 GMT

I'll hoard any gold I have, it may be the only thing with monetary value.

Re: Gold is going way up

ThinkingOutLoud — Thu, 24 Feb 2022 17:55:59 GMT

Considering the dollar is going to tank, I don't think I'd sell it unless the money is needed now.

Re: Gold is going way up

Snowpuppy — Thu, 24 Feb 2022 18:02:24 GMT

@KingstonsMom wrote:
I'll hoard any gold I have, it may be the only thing with monetary value.

That and a few chickens, you'll be set!! 😂

Re: Gold is going way up

KingstonsMom — Thu, 24 Feb 2022 18:13:48 GMT

As far as buying gold now because it was originally bought/sold at a lower price than now means nothing, IMO.

Trust me that fingers are working to the bone to increase the prices of what retailers already have in inventory, to bring it to the current gold prices.

It only makes sense to a retailer.

Re: Gold is going way up

SharkE — Thu, 24 Feb 2022 18:39:21 GMT

@sarahpanda wrote:
@SharkE I'm confused - Why should I wait to buy gold now - if in fact as you said it's ''going way up''?

cost more to buy it now, but, you get more if you choose to sell it now since the price is way up.

example: would you pay 9 .00 a lb for bacon, when, if you wait the price of hogs will go down and you can get that same pound of bacon for 5.00.

In times of war gold and silver value will go up. paper money 's value goes down.

My portfolio has been going down, down , down this week. I'm not even going to look at it. to depressing. It will go back up in time. waiting game.

Re: Gold is going way up

songbird — Thu, 24 Feb 2022 18:42:45 GMT

I have a lot of 18K gold set in my jewelry. Some platinum too. I haven't sold any of my gold. I'm keeping it. All my jewelry will be gong to my son. He can do what he wants with it. Gold jewelry is different than the price of gold. It has gotten so, that gold is more valuable than diamonds. Which is always kept artificially high. The actual setting of your jewelry is more valuable. We have shares in a gold mine. Now that has skyrocketed. Especially now with war, etc. Gold is going to explode. It's the only thing of real value (along with land) In times of trouble certain things gain in value. Also exploding is the price of oil. That was in the news this morning in addition to the gold going up.

Re: Gold is going way up

chrystaltree — Thu, 24 Feb 2022 19:00:27 GMT

I don't care how high it goes, I won't sell my gold. I did that back in 2008 and it was a terrible decision because gold prices went up so high I wasn't able to replace the gold pieces I sold. I am only now buying gold jewelry again. My advice is, if you aren't starving or if your home isn't in foreclosure, hold on to your gold!

Re: Gold is going way up

deeva — Thu, 24 Feb 2022 19:17:20 GMT

Back in 2008, I took some of my gold to a couple of buyers. I was surprised at how much they offered me.

But I decided not to sell since I didn't need the money. So glad I kept my pieces considering how expensive gold jewelry is these days.

I really enjoy and wear my Imperial Gold bracelets, earrings and rings.

I saw one of my Imperial Gold bracelets listed on QVC for $2400, I paid $400 for mine in 2000.

Re: Gold is going way up

SharkE — Thu, 24 Feb 2022 20:30:33 GMT

yeah, I had my eye on this cheapy bracelet just to go with my watch. put off buying it because I was involved with huge house and car insurance bill

It was 255 now, it's 320-340 something like that. Will wait I got more then I should have. ROFL I snoozed and I lost. LOL

food is up, insurance is up, gas --home and car are both up. House is your biggest investment have to keep insurance just in case of hail, tornado, who knows what these days !

Re: Gold is going way up

Shelbelle — Thu, 24 Feb 2022 21:42:00 GMT

I still have all mine too, wear it proudly!!!

Re: Gold is going way up

SharkE — Thu, 24 Feb 2022 22:58:35 GMT

Be careful !

Re: Gold is going way up

SilleeMee — Thu, 24 Feb 2022 23:10:00 GMT

If anything we should be buying not selling gold right now....unless of course you need the money.

Re: Gold is going way up

SharkE — Fri, 25 Feb 2022 00:17:54 GMT

I'm not paying inflated prices for gold. If you don't wear your gold any more and have nobody to leave it too, that wants it , then nows the tiime to sell it instead of waiting till it goes back down again.

gold is on track to hit 2,000 an oz. Buying new jewelry at this price is only for the folks who don't have to worry about or don't care what they're actually paying for. They can afford to scratch the itch. that's fine, but, it isn't me. LOL

Re: Gold is going way up

patbz — Fri, 25 Feb 2022 02:28:18 GMT

I have a lot of heavy gold jewelry that I purchased in the 60s, 70s, and 80s. Now, except for my wedding ring, I wear none of it ( switched to silver). Just for fun, I periodically check spot gold prices. There are several pieces that I may sell soon ( ex baht 4 seasons bracelet that I paid $150 for in 1978 that routinely goes for $4000-$5000 on ebay).