Anonymous
What should I do with gold jewelry?
Context: My relatives love giving me gold jewelry for my birthday and I've accumulated a drawer of them (receipts included in case I want to sell them in future). They probably add up to about 6-8k (excluding the ones I got for my wedding). Not a lot, but I'm wondering if I should keep them for future rainy days, as a memory sake or should I trade them in?
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You do have pretty generous relatives! Anyway, the "older" generation think gold has preservation value. Unless you have better plans (i.e. grow rather than spend) with the money gained from the sale of the jewelry. Otherwise, just keep the jewelry for memory sake or rainy days.
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Holding gold is better than holding fiat in America. Crime is at an ATH and poverty is increasing. I...
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