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When
we talk about precious metals we usually
mean gold, platinum and another pure
metal, fine silver. Silver is one of the
original materials of value mentioned in
the Bible, together with other originals
such as precious gemstones that existed
from the beginning of time.
This
explains part of the attraction
associated with these 'non-virtual'
commodities - they existed for a very
long time in human history, and
presumably even before. Used throughout
all generations and nations they have
been and are one of the preferred ways
to display symbols of value and are used
as objects of beauty and style in
jewelry. As a form of personal
expression and 'street art'.
Thinking of fashion styles we tend to
look at clothing, hair styling and
makeup first. However accessories are a
major part of the outfit. Jewelry one of
its coolest forms.
Why is
silver jewelry one of the constants that
remain throughout history? What is the
real mystery and the secret of silver?
It's not only its cool attraction -- it
is one of the commodities that existed
before paper money, and it will retain
it's value after currencies are gone.
In a
world that goes more virtual by the
minute we keep a few valuables that have
their own pre-set value outside our
current reality. Currencies will go
virtual, jewelry will not.
To
give you an idea about the differences
of investments in tangible and
intangible products and how it works out
in real life, let me give you an example
that nearly did cost me $25.000 in the
past.
During
the first oil crisis I lived in New
Zealand for a few years and had to
invest my assets in appropriate channels
at that time. Because back then not only
oil prices went up, also other
commodities such as gold and silver
increased slightly in value and I
decided to invest some money in metals.
After
locating a company that advertised
selling of gold bullion, I went to their
downtown store and asked a clerk to
purchase gold for about $25.000. I never
did this kind of investment before and
was a bit unsure about where to keep it
save from curious people and for the
possible event of burglars in the house.
Knowing what was on my mind the clerk
asked me that memorable question "would
you like to have this in gold options,
stocks or physical bullion?" He went
through great lengths to explain me the
advantages of "gold papers" that follow
the value of gold at any time, so
increase in value if the gold price
further increases. There would be no
necessity to actually touch physical
things, and I could cash in the papers
at any time.
I
almost agreed to his offer, when
suddenly a small yet bright thought of
warning flashed my mind. Something that
a goldsmith I met before told me years
earlier, he said: "If you ever buy gold,
remember the reason why you buy it, and
do not buy virtual gold, but the real
thing only".
This
thought won in the end because my
adviser taught me many basic things
about jewelry and metals, and I highly
respected his opinion. Turned out he was
right. Less than 6 months later, the
company I bought the bullion from faced
bankruptcy and all their options, shares
and other papers lost all of their
value. I still had my physical gold
however, that increased in value by
about 10% at that time.
With
that example fresh in mind, I personally
still make distinctions when I buy
personal products that enhance my
lifestyle today.
Yes I
invest a lot in software for example
that enhances my virtual PC desktop, and
helps websites function the way they
should, and also loose a lot of it every
few years when a harddisk or server
crashes. I also enjoy the latest
designer clothes, however they wear out
and generally get damaged by usage over
time.
However I keep a small collection of
silver and gold jewelry in the same
fresh looking condition as I originally
bought it many years ago. These items
never wear
About The
Author
George Ahrens is editor at
BlueOceanJewelry.com where you
can find a fresh breeze in style
of unique silver jewelry with a
touch of smart elegance and
sophistication. New designs with
colorful precious gemstones that
express vitality and dynamic
energy. Bold statements of
style, fun and timeless
elegance. Latest Trends First
http://www.BlueOceanJewelry.com
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