- Jewellery expert, Robert Cuomo, reveals why gold is a good long-term investment.
- Price of gold sees a 64% increase in the last 10 years
- Five EXPERT tips for investing in gold jewellery.
- “Investment Tips” search volume up 195% from last year.
Gold reached a record high price last year costing £1,584 per troy, a 64% increase in the last 10 years. With the current economic climate, 33% of Brits have decided to invest their money in shares, but there are other ways to invest your money. Gold is a good place to see a steady rise in profits with it increasing in price by 17% since last January and set to carry on rising throughout this year.
Pinterest Trends data shows that millennials are the most likely generation to start investing with the search volume for “Investment Tips” up 195% from last year. Liquid assets are a great option for new investors as they can be converted into cash quickly. With the question “is gold jewellery a good investment?” hitting over 1,300 monthly searches, Hatton Jewellers have shared their 5 expert tips for investing in gold jewellery.
Robert Cuomo, Managing Director at Hatton Jewellers said,
“When compared to other popular long-term investments, gold has long been considered a reliable option. There are many reasons for this, but primarily because the price of gold rarely decreases and is known to increase in times of economic hardship — unlike most other investments. Because of this, investors often include gold in their portfolios, utilising this precious metal as a hedge against inflation.”
Robert Cuomo shared how the value of gold saw a surge in value during the 2008 recession and is predicting a similar trend may be on it’s way:
“The demand for heavy gold products is on the incline due to the steady but ever growing gold price. In the 2008 recession the gold price increased approx 300%. When the economic world is unstable, gold historically remains strong and in most cases rises in value. I predict that if the country does enter a recession which is quite possible gold will rise making it a great investment long term.
Gold jewellery is a great investment as not only do you get the pleasure of owning and wearing the pieces, it’s transparent and easy to sell on. The gold price is fixed daily on the commodity market and this price is the same anywhere in the World. The price is very easily looked up online so you are less likely to get the wool pulled over your eyes when selling.