Throughout human existence, gold remains one of the most precious and valuable metals on earth. Besides, people continue to accept gold payments in exchange for other products or services for millennia. With banks, governments, and individuals using this noble metal as a symbol of wealth, do gold chains hold any value?
THE VALUE OF GOLD CHAINS
Gold chains are products of gold that can either be made from pure gold or combined with other materials. Provided gold chains have karats of 14k or higher, they tend to become more valuable. This is because gold is easily malleable. Several reasons make gold chains worthwhile compared to other precious metals available today.
WHY GOLD CHAINS ARE SO VALUABLE
Generally, gold chains are priced based on karats, whereby higher karats make this gold jewelry more valuable. Furthermore, even when prices fluctuate, they still retain their worth. That said, here are reasons why gold chains hold their value;
Relatively scarce resource: Gold is often available in low concentrations over a wide area or deep in the earth’s crust. Thus, its extraction becomes more complex, making it a rare metal and more valuable than readily available metallic elements.
High production costs: Extraction, refining, and other associated practices in gold production are costly and time-consuming. This makes its sale and resale cost relatively higher, giving it a characteristic of being among the highly sought worldwide.
Unique physical properties: Unlike most metals, gold chains include special features such as biocompatibility, catalytic properties, corrosion resistance, and conducts electricity. This makes them one of the most high-priced metals on earth and more valuable in history.
BOTTOM LINE
All in all, gold chains with higher karats hold more value than those with lower karats because of variation in gold content. Whether it is an old or freshly designed gold chain, it is valuable to you. Here atMartin Jewelry, we can help determine how much value your gold chain holds. Contact us to learn more today!
All in all, gold chains with higher karats hold more value than those with lower karats because of variation in gold content. Whether it is an old or freshly designed gold chain, it is valuable to you. Here at Martin Jewelry, we can help determine how much value your gold chain holds.
Like fine wine, jewelry tends to age well. Although the value of precious metals fluctuates over time—and even from one day to the next—gold jewelry often increases in value.
14K gold jewelry is an excellent investment. It's hard-wearing, easily maintainable and unlikely to depreciate in value over time. If you're buying gold as an investment, you want something that will stand the test of time and maybe find itself in the hands of a grandchild or great grandchild somewhere down the line.
Weigh your gold piece and multiply its weight in grams by the price per gram for the karat. If your 14K piece weighs 5 grams, multiply 5 by 28.13. This equals 140.65, which is the estimated price for a 14K gold piece that weighs 5 grams in a market in which gold is valued at $1500 per troy ounce.
A gold chain is an excellent investment, can be worn by just about anyone, comes in different styles, and would make a great gift or a family heirloom. Compared to other kinds of jewelry, we would definitely recommend you buy a gold chain.
If you're in doubt about the chemical structure and components of your gold jewelry, it is always a safer bet to take your jewelry off before you shower, and even out of the bathroom.
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