What Is Gold Bullion Jewelry?
Gold jewelry was likely one of the earliest uses of gold in human civilization. Thousands of years before it was minted into gold coins in the 8th century BCE, gold jewelry was being made and worn by ancient Egyptians, Sumerians, Cretans, and ancient civilizations in Peru. Gold jewelry wasn’t just used as decoration, either. Even before it was used as currency, gold was wealth and in early civilizations, wealth could be stored in gold jewelry.
The chemical symbol for gold is Au, from the Latin aurum, meaning “shining dawn.” To early civilizations that worshipped sun gods, few things were as important to the world as light, and gold’s stunning colour must have made it look as though it was made out of the same stuff as the morning sun. The fascinating beauty of gold and its scarcity have made it an asset with enduring value.
Gold and silver are common in all types of rings, earrings, necklaces, and everyday jewelry. Gold bullion jewelry is not the same as any ring or necklace you buy at the jeweler. It’s fine gold bullion with a purity of .9167 or 22 karat. Jewelry is often 10k, 14k, 18k, or 22k. In the West, gold bullion jewelry has fewer ornaments and flourishes, but in India, the world’s largest consumer of gold, gold bullion jewelry is used extensively in wedding ceremonies, helping the new family store wealth after exchanging vows. The cost of true gold bullion jewelry will fluctuate with gold prices as they are based on the spot price of gold.
Buy Gold Bullion Jewelry
Gold bullion jewelry is not for everyone, but there are very good reasons to buy gold as jewelry. Gold bullion jewelry can make a wonderful gift or a family heirloom that can be passed down generation after generation. Others buy gold bullion jewelry as a discrete way to store their wealth. Gold bullion jewelry comes with higher premiums than gold bars, but gold buyers who worry about confiscation have more faith in their ability to keep gold bullion jewelry. There is precedent for gold confiscation, too. In 1933, President Roosevelt ordered all private gold owners in the United States to deliver their gold bullion, gold certificates, and gold coins to the Federal Reserve.
Gold Bullion Jewelry in Times of Crisis
Gold bullion jewelry is potentially the most discreet way to store wealth. For that reason, it’s been a preferred way to transport wealth in times of crisis. Many families fleeing war zones have sought to transport their wealth in the form of gold bullion jewelry so that they could start over.
Investing in Gold Bullion
There are many ways to invest in gold and gold bullion jewelry fits an important niche. Whichever way you buy gold and in whatever form, you want to save money. You can get discounted pricing on gold when you pay with Interac online, e-transfer, bill payment, wire transfer, cheque or money order, or buy gold with Bitcoin or other cryptocurrencies. You can also take advantage of discreet and free shipping for gold, insured and marked so as not to bring attention to it. Gold in any form is an asset that will endure in value. Protect your wealth and buy gold bullion jewelry.