PM sale tomorrow

[Canefan1]

Macys stuck a 14k 30" rope in the safe for me for a sale that starts Wed morning. Total percentage off comes to 70%. Is this a wise purchase and maybe even an investment? Thx for reading.

[superdog]

Originally Posted by Canefan1

Macys stuck a 14k 30" rope in the safe for me for a sale that starts Wed morning. Total percentage off comes to 70%. Is this a wise purchase and maybe even an investment? Thx for reading.

Based on your earlier thread, no.

Save ur money. It's not a good buy. Not a good investment.

Don't do it.

[Canefan1]

Originally Posted by superdog

Based on your earlier thread, no.

Save ur money. It's not a good buy. Not a good investment.

Don't do it.

Thank you Seth,that's what I'm looking for. I think we can lock this thread now.

[Canefan1]

Originally Posted by superdog

Based on your earlier thread, no.

Save ur money. It's not a good buy. Not a good investment.

Don't do it.

Just things that I don't know,sounded good. Thx

[superdog]

Originally Posted by Canefan1

Just things that I don't know,sounded good. Thx

Happy to be of service. Save up. That's the plan for now.

For both of us.

[Canefan1]

Originally Posted by superdog

Happy to be of service. Save up. That's the plan for now.

For both of us.

Thank you Sir,will do. My mom was a Jersey gal and very wise. Wish I had her to discuss with.

[andromeda160]

If your paying over 30/gram for a 14kt necklace your getting hosed

[beshannon]

Why would you think department store "jewelry" would be an investment?

[Canefan1]

Originally Posted by beshannon

Why would you think department store "jewelry" would be an investment?

It's obvious I don't know any better,my bad.

[hsfrank]

Any easy way to figure out investment value of gold. Pure gold is 24 carat. Gold is priced by the ounce on the free market. One ounce is 28.35 grams. So the value of 14 carat gold is [(14/24 x spot price)/28.35] x weight in grams. Now most jewelers will give you melt value - a profit for themselves. So I would figure about 80% of that calculation. All that means is gold would have to rise dramatically before you would make any money. A caveat is that a truly unique piece (such a perhaps a Tiffany from the 1920's ) has its own valuation based of the market desires.

[Canefan1]

Originally Posted by hsfrank

Any easy way to figure out investment value of gold. Pure gold is 24 carat. Gold is priced by the ounce on the free market. One ounce is 28.35 grams. So the value of 14 carat gold is [(14/24 x spot price)/28.35] x weight in grams. Now most jewelers will give you melt value - a profit for themselves. So I would figure about 80% of that calculation. All that means is gold would have to rise dramatically before you would make any money. A caveat is that a truly unique piece (such a perhaps a Tiffany from the 1920's ) has its own valuation based of the market desires.

I appreciate your knowledge and the fact that you took the time to share it with the forum. I'm thinking I actually understand it.
Thanks very much, I have learned today and it's still early.

[GB-man]

Originally Posted by hsfrank

Any easy way to figure out investment value of gold. Pure gold is 24 carat. Gold is priced by the ounce on the free market. One ounce is 28.35 grams. So the value of 14 carat gold is [(14/24 x spot price)/28.35] x weight in grams. Now most jewelers will give you melt value - a profit for themselves. So I would figure about 80% of that calculation. All that means is gold would have to rise dramatically before you would make any money. A caveat is that a truly unique piece (such a perhaps a Tiffany from the 1920's ) has its own valuation based of the market desires.

I think gold is priced in Troy ounces no? So 31.1 grams per Troy ounce.

[MILGAUSS88]

Originally Posted by GB-man

I think gold is priced in Troy ounces no? So 31.1 grams per Troy ounce.

Correct.

[GB-man]

Originally Posted by MILGAUSS88

Correct.

Thanks for the confirmation. Anyone whose ever sold gold has had a "you've got to be kidding me" moment when given the news