They say that all that glisters is not gold! True indeed, but much of it is gold! It has been considered a precious metal for centuries and battles have been won and lost over it. Because of its many uses when compared with other metals, the demand for gold is high which of course, drives its price even higher. Gold is measured in carats; twenty-four carat gold is considered the purest, followed by twenty-two carat – and its purity decreases as the gold content decreases. Twenty-four carat gold is soft which permits it to be used for almost any project where gold is required.
From an investment point of view, gold is undoubtedly the best choice. Its value will always go up and on occasion, the increase in the value of gold has been as much as one hundred percent over a relatively short period of time. And because of predatory income tax laws, there are those who prefer to keep their gold investments to themselves – and for these people, gold is the best investment.
In India, gold is in high demand especially during Festival Season, with the result that the price of gold increases significantly. Dhanteras, a five-day Diwali festival in northern India places a huge demand on gold supplies as massive buying of the metal is almost guaranteed, forcing the price of gold to astronomical heights. And in Diwali, the purchase of gold is considered auspicious, bringing wealth and good fortune to the family.
During the wedding season in India, the price of gold is at its highest, year after year! In addition, certain seasons are considered favorable for purchasing gold, while others are not. And therefore, as with any commodity, the price of gold will vary depending on the demand for it. If demand is high, the gold price will increase – and if demand lessens, so does the price of gold, accordingly.
Gold jewellery is coveted by all women! If you and your wife have had a disagreement, a piece of gold jewellery can often set things straight! And even if it costs you more than you had planned, gold is always a good investment. Of course, the amount you pay for it depends on the piece itself as the purer the gold the more you pay. And if it has precious stones set in it, the higher the value and the price. Of course, it’s not easy to judge the quality of a precious stone once it is set in the gold jewellery and not all “precious” stones are precious or valuable.
Purchasing a piece of gold jewellery, set with precious stones is not something to be undertaken by those who are inexperienced in judging the value of the stones – it is strongly recommended that a qualified person examine the piece before buying it. Unfortunately, there are always those unscrupulous jewellers who will try to cheat the buyer in order to increase profits.
Therefore, investing in gold is more advantageous to the buyer as its purity is easily identified and as history has taught us – the value is forever.
