Heirlooms that have been passed down from your great-great-grandmother down to your mother and now to you is done so because of its sentimental value. But aside from the memories, those gold jewellery set is entrusted to you because of its continuously increasing value. Something that not all people are aware of.
High value of gold
Most people know that gold is valuable. But not most people know why.
In the height of Brexit, the price of gold once again increased as the demand for the valuable metal increases. Gold is considered a “security blanket”, something people can always pull out and sell during tough times. This is the reason people who have money to spare, businessmen and even countries like South Korea and Thailand have hugely invested in gold.
The value of gold is affected by the movement of the economy, political events (i.e. Brexit, Trump triumph) and demands of different countries (i.e. continuous increase in demand of China). While people in the business know the value of gold, thus the demand, ordinary people see it as a luxury and is using the metal as a safety blanket literally. This is something you should avoid as much as possible.
Do not sell your gold
Do not sell those heirlooms for cash as you would definitely get way less that the price for your jewellery, especially if you are like the majority of the population who does not truly understand the gold market.
Instead, give those pieces new life and shape. Casting jewellery, especially those of high values like gold more common than you think. Cast them to your liking to be able to match today’s latest trend or shape them into something you can eventually pass down to your children.
It would not hurt to keep your gold pieces with you as long as possible, especially now that you know the real value of those pieces you tucked away for so long.