Hocking the Family Jewels: The Value of Jewelry in Hard Times

Many people today still think of jewelry as a way to enhance their appearance, flaunt what they have, or express a genuine feeling of appreciation for another human being. But in these difficult financial times, jewelry is no longer just a luxury. It may very soon become the only valuable asset you own.

Your 401k may not be safe. Real estate values can plummet. Most international currencies are linked, so when the dollar goes,  the Euro and any other currency that you think may be reasonably stable now will also go.

What will maintain its value will be silver, gold and precious stones. And while you may have bought them as a status symbol, to commemorate your love or to enhance your appearance, today and in the near future, your jewelry may represent cash to pay the bills, buy food, and help make your way through a difficult financial landscape.

The video embedded below is from three years ago, when we thought the situation was bad. Imagine how it is now.

Better than Craigs List and more discreet than going to the local pawnshop in order to have your jewelry appraised, Amazon Jewelry Online  is a very good place to go.

Say, for instance, that you have a LeVian Chocolate Diamond piece? How will you know what the going rate is?

Notice that for every item displayed there are two options: best price and buy new. The best price is one offered by an independent seller. That independent seller could be you. You can sign up to sell your jewelry on Amazon. It’s a professional service, it’s discreet, and it’s a reputable firm. What could be better?

Remember, things fluctuate in value depending on the market situation. A dollar is not always worth a dollar. Sometimes half a dollar is worth twelve dollars when it is made of silver. Sometimes a banknote is not worth the paper it is printed on.

If what used to be worth half a dollar in 1964 is going for $12.00 today on Amazon, then an investment today of $11,000 in a pair of LeVian earrings might well be enough to purchase a home in tomorrow’s economy. You never know what will happen after the fiscal cliff.

The bottom line: jewelry is an investment that can be bought and sold at the going rate. It is not just a luxury to enjoy when all is going well. Jewelry can save your life in hard times, and nobody is above hocking the family jewels, when the occasion calls for it. After all, what is jewelry really for, if not to show how much you care about your loved ones?