Skint Dad

Where Every Penny Counts

  • Home
  • Save money
    • Latest supermarket offers
    • 1p Saving Challenge
  • Make money
    • Best Paid Surveys
    • Quidco New Member Offers
    • Genuine Work From Home Jobs
  • Manage money
  • Cheap recipes
    • Fakeaway Recipes
  • Win
    • Skint Dad competitions
  • Deals
    • Amazon Discount Tool
  • Join us
    • Newsletter
  • About
Home / General / Investment in Jewellery: Make an Informed Choice

Investment in Jewellery: Make an Informed Choice

By Skint Dad Contributor | last updated 27th June 2018

Subscribe to our weekly newsletter and get a £16 Quidco sign-up bonus
Share
Tweet
Pin

Pieces of jewellery are ornaments such as necklaces, earrings, bracelets among others. They are made of metal, glass or plastics.

This site contains affiliate links. We may receive a commission for purchases made through these links. [Learn more]

Most buyers and sellers prefer gold and silver for their market value. Investment in jewellery is a good business and can earn you a lot of money.

Investment in Jewellery Make an Informed Choice

Before starting this business, you need to consider the following:

Know the difference between fake and original jewellery

If you are new in this business, you will need to gather enough information before putting your money in it. There are so many cons in this jewellery business who take advantage of new investors.

It is important to trade with people you can trust especially if you are buying gold or silver so that you do not lose your money when supplied with jewellery that has no value.

Security Measures

Valuable jewellery is a major target of a robbery. You can secure yours by taking someone with you at the transaction table.

If you order online, let the supplier bring it to a public place instead of a private room. It will make it hard for anyone trying to steal from you.

If you have a store where you sell them, put up security cameras and alarm systems. Have professionals monitor the ongoing activities in your business and raise an alarm in case they detect some ill motive.

Target Your Clients

Once you decide you want to invest in jewellery, you have to know who your clients are.

If you are trading gold and silver, it means your clients are people who make good money and are willing to spend some of it in ornaments.

You cannot put up a gold jewellery shop in a town of small business traders and expect to make good returns. Do a good research and know where to start a business that will yield.

Get a Permit

Gold and silver have value and will continue to have for as long as the jewellery is in the market.

Before investing in this, you will need to have a registered company and a permit to start the business. The authority is very strict with this kind of business for it has room for illegal businesses.

Make sure you get a permit from authorized bodies not to end up doing business that will put you to trouble afterwards.

The fast and easy money that comes with illegal trading of gold attracts goons and if you are not alert, you might find yourself in their tangle. Take time to have all your documents ready and enjoy clean money from your legal business.

Insurance

As much as we hope for the best when investing our money, it is important to prepare for the worst.

An insurance cover will help you recover your money and business in case a calamity occurs. If you are investing in gold and silver, it means the amount of money you put in that business is a lot and needs you to take precautions.

Get covered from insurance firms that are reputable and have a proper written agreement on what you insure.

This line of business is a good money maker, but you need to be on the lookout. Do not invest all your money, especially if you are a first-time investor.

Work with people who have been trading for a long period of time and who will genuinely tell you the pros and cons of this type of business.

  • About
  • Latest Posts
Skint Dad Contributor
Skint Dad contributors offering a different and unique voice to help you save, learn and earn.
Latest posts by Skint Dad Contributor (see all)
  • How to save on PlayStation Network services - 20th February 2021
  • How To Properly Care For Your Tyres Before Any Trip - 31st October 2020
  • Cheap Halloween Costume and Decoration Ideas to Be Spooky on a Budget - 20th October 2020

Leave a Reply Cancel reply

Your email address will not be published.

final sd bio
Skint Dad in the media
HIBS100 Index of Home and Interior Blogs
HIBS100

Find out how to

Save money

Make money

Manage money

Start a blog

Eat cheap

Win competitions

Join us

Information

About Skint Dad

Contact us

Awards, Media and Press

Jobs at Skint Dad

Privacy Policy

Cookie Policy

Terms & Conditions

SKINT DAD®

8b Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

Skint Media Limited
is a registered company
in England & Wales.

Company reg no: 09991508
VAT No: 318 7349 80

Check out our sister site Skint Chef

Copyright © 2021 · Skint Media Limited · All rights reserved · Registered in England and Wales with company number 09991508 · Sitemap · Privacy Policy · Cookie Policy · Terms and Conditions

Skint Dad | Where Every Penny Counts! Logo Header Menu
  • Home
  • Save money
    • Latest supermarket offers
    • 1p Saving Challenge
  • Make money
    • Best Paid Surveys
    • Quidco New Member Offers
    • Genuine Work From Home Jobs
  • Manage money
  • Cheap recipes
    • Fakeaway Recipes
  • Win
    • Skint Dad competitions
  • Deals
    • Amazon Discount Tool
  • Join us
    • Newsletter
  • About