from Wealth Cycles:
Gold jewelry is not generally considered an appropriate investment mainstay, due to the fact that the buyer typically pays a high premium over the price of the gold for the workmanship that goes into transforming gold into jewelry, and because the quality of the gold in jewelry varies widely from piece to piece.
Of course, there are exceptions to every rule: if one were able to purchase gold jewelry at near the spot of the gold it contained, and if the quality of the gold it contained were guaranteed, then the value of gold jewelry as an investment would be sound. Fortunately, that type of gold jewelry investment product is now available. Even more serendipitously, the fashion world has recently embraced the chunky gold chain as the “now” jewelry statement.
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