gold jewelry

Why Are Heavier Gold Bars Cheaper As Compared To Gold Jewelry?

09 Jan 2023
R&J
Gold, Jewelry, Pawn
Comments Off on Why Are Heavier Gold Bars Cheaper As Compared To Gold Jewelry?

Since the dawn of history, gold has been a token of royalty across the globe! Whether you talk about the ancient kingdoms or recent trends, everything royal has a touch of gold!

The inherent beauty and scarcity of the metal have made it valued highly in phrases to represent importance and comparison.

Gold is a dearly preserved metal, as it is present on the planet only in finite abundance and cannot be expanded artificially. The scarcity and attractiveness of gold have made it an alluring asset for those looking forward to an investment.

Gold can be bought in various ways, such as gold coins, gold bars, ornaments, and showpieces. However, the most common question at the time of buying and selling gold is, why is buying gold bars cheaper than buying gold jewelry?

Well, buckle up! We are here to state a few facts that help you understand why gold bars are cheaper than gold jewelry.

What is the Difference between Gold Bars and Gold Jewelry?

Gold Bars

Gold bars are pieces of gold made up of the finest gold components, i.e. 22-24 carats of gold. One can buy gold bars if their sole purpose to buy gold is an investment.

Gold Jewelry is wearable ornaments made up of gold. One can buy gold jewelry if one wants to adorn their investments on occasion.

Is Gold Bar Cheaper than Gold Jewelry?

Suppose you buy gold jewelry worth $100.00 and your friend buys a gold bar worth the same amount. Within 3 months, the price of gold increases, and you both visit a gold buyer to sell the gold investment. The gold bar will bring a better return.

Several factors validate this difference between the cost of gold bars and gold jewelry.

Factors Affecting the Cost of Gold Bar and Gold Jewelry.

a. Making Charges

One of the biggest reasons behind the difference between the costs of Gold bars and Gold jewelry is the making charges. Gold bars are usually made in bulk and thus have near to negligible making charges. On the other hand, a jeweler can charge from 5% to 20% of the actual price of gold, as the making charges based on the design of the jewelry.

b. Purity

Gold bars or gold biscuits are pure and can be made from 22-carat or 24-carat gold. However, jewelry made up of gold requires the mixing of other metals, such as silver, iron, nickel, cadmium, etc. Gold bars being pure do not charge too much, but the addition of alloy in the jewelry may add up to the charges of your gold jewelry.

c. Maintenance Charges

The cost of maintenance of gold bars is comparatively less, as you can store gold bars without any worry of breakage. In jewelry, the chances of wear and tear increase if the gold jewelry is diligently made and stored carefully. Thus increasing the charges of the ornament.

d. Usability

Another reason that may affect the charges of a gold bar is its usability. One may prefer to invest in gold jewelry over gold bars, as gold jewelry can be adorned, but gold bars can only be stored as an investment.

e. Taxes

The multiple levels of tax payment upon jewelry also increase its actual price. However, gold bars are sold as raw metal across the world, so there is very little to no goods and services tax.

What to Buy Gold Bar or Gold Jewelry?

The decision of whether to buy gold bars or gold jewelry depends on your aim of making the purchase. If your sole aim is to buy gold, I need to make an investment and earn a profit, then you should buy gold bars. However, if you are someone who wishes to wear gold as an ornament, then you should buy gold jewelry as an investment.

Wrapping Up!

Gold is a stable source of investment with a global benchmark. The price of the metal rises as the stock market falls, and thus, by investing in gold, you can ensure stability in your wealth. The demand for gold in the Indian and Chinese governments has maintained the high stakes of gold across the globe. Due to the increased stakes of gold and the stability of the metal, experts usually recommend investing in gold by buying gold from reliable gold shops. If you are yet to invest in gold bars and gold jewelry then doesn’t forget to visit the R & J Jewelry and Loan shop for your gold-buying needs.

Gold, Gold Bullion, Silver Bullion At a Pawn Shop In San Jose, CA

06 Jun 2022
R&J
Bullion / Coin, Gold, Jewelry, Loans
Comments Off on Gold, Gold Bullion, Silver Bullion At a Pawn Shop In San Jose, CA

Bullion is a non-ferrous metal. Non-Ferrous metals are alloys or metals that do not contain iron. All pure metals are considered non-ferrous. Bullion is refined to a high standard of purity. It is used in the production of coins and gold and silver bars. Bullion can also include platinum and other derivatives.

Bullion is bought and sold worldwide, but the London Bullion Market is known as the primary global market trading platform for gold and silver.

The Integrity Standards for Gold Bullion

The London Bullion Market Association operates as an international trade association. It coordinates activities of its members in the London bullion market and sets and promotes quality stands for gold and silver bullion bars. According to the London Bullion Market Association, the acceptable fineness of the Good Delivery Bars is 99.9% for gold and 99.9% for silver bars. The Good Delivery specification is a set of rules issued by the London Bullion Market Association.

The World Gold Council is a market development organization for the gold industry. It is involved across all parts of the gold industry, from mining to investment. Its purpose is to stimulate and sustain demand for gold. The World Gold Council and the London Bullion Market Association are working together to develop and implement an international system of gold bar integrity.

Investment Portfolios

Investment portfolios are a collection of financial investments like stocks, bonds, commodities, cash, gold, and silver acquired to obtain an additional source of income or gain profit over time. Congress authorized United States Mint Bullion Coins to provide investors with a convenient and cost-effective way to add physical gold, silver, platinum, and palladium to their investment portfolios.

American Eagle Bullion Coins

In 1986 the American Eagle Bullion Coin Program was launched and started selling American Eagle Gold and Silver Bullion Coins. in 1997, Platinum was added, and by 1917, palladium was added.

American Buffalo Bullion Coins

By 2006 under Pubic Law 109-145, the “Presidential $1 Coin Act of 2005,” the American Buffalo Bullion Coin was released and is one of the purest gold coins available, with a purity of 24k gold. The act established the guidelines for the coin’s design, production volume, price, legal tender status, gold sourcing, and more.

The Act says that James Earle Fraser’s designs for the ‘Buffalo Nickel’ will be used on the obverse and reverse sides of the $50 coin. All the gold needs to be sourced from the U.S. or in a U.S. territory within a year following the month the ore was mined in. It designates the coin as legal tender and specifies the coins as “numismatic items.”

"Numismatic Value"

Numismatic value is what a coin or coins are worth to a collector. The numismatic value is different from than melt value which is the value of the metals that the coins contain. When valuing coins, they have a value due to their collectibility and the value of the metal they are made from.

Gold Prices, Silver Prices, Bullion Prices

The price of precious metals is affected by supply and demand, the rate of return for the recipient of the metal, the spot price, and the likely cost of storing and transporting the precious metal. The spot price is the price per gram paid at any time. The spot price of gold or other metals is real-time prices.

The spot price fluctuates daily and throughout the day. Suppose there is an increased demand and low supply, and the price increases. Gold price and other metals pricing also are dependent on future contracts. Inflation, the economy, world events, and supply and demand contribute to the increase and decrease in the price.

Bullion is valued by the value of the precious metal its made of. The most common forms of bullion are bars and ingots, and coins. Bullion comes in gold, silver, and other metals, and gold bars are easily added to investment portfolios for a balanced portfolio.

Bullion and bars are also easy to store and don’t take up much room.

Troy Ounce

The system of a unit of mass primarily used to value and weigh precious metals originated in England during the 15th century using the weight units grain, pennyweight, troy ounces, and the troy pound.

Troy weight was made official for silver and gold in 1527. However, in 1824, the British Imperial systems of weights and measures were established and adopted into the United States as the official weight standard for U.S. coinage by the Act of Congress in May 1828.

The only modern and widespread use of the troy ounce is the British Imperial troy ounces and its American counterpart. In other countries where the International System of Units is mainly used, troy ounces are still used in precious metal markets. A troy ounce is mostly how physical bullion is measured today.

When someone wants to buy or sell gold, the gold is weighed, and the weight is calculated in troy ounces. The market value price of gold or other metals is used to determine the value after the purity of the precious metals is determined.

Pawn Shops will buy, sell, and use gold, silver, gold bullion, silver bullion, gold coins, gold jewelry, and other precious metals to secure short-term loans.

R & J Jewelry and Loan

R & J Jewelry and Loan, located in San Jose, CA, is in the business of providing full-service pawn services. The shop offers a full range of pawn shop services, and an investor can find the precious metals they are seeking for a balanced portfolio to set up as a hedge against inflation.

The family-operated store has continually built a reputation for personalized services and an extensive inventory of gold, silver, bullion, and luxury items. Since 1978 expert pawnbrokers have offered real money for high-end personal items, and fair and reasonable offers are how they do business.

For more information, visit: https://www.randjjewelry.com/

What Are Gold Buyers Near the San Jose Area That Pay Top Dollar?

16 May 2022
R&J
Bullion / Coin, Gold, Jewelry, Loans
Comments Off on What Are Gold Buyers Near the San Jose Area That Pay Top Dollar?

Gold Bars lying On Top Of One Hundred Dollar Bills

Do you need a short-term loan or want to find a trusted gold buyer that will pay you top dollar for gold or precious metals you want to sell? In San Jose, there are different options. Pawn shops, online dealers, and exchanges all buy and sell gold.

When shopping for a good price on gold or silver, don’t forget to stop by one of the pawn shops in the San Jose, CA area.

R&J Jewelry and Loan

R&J Jewelry and Loan is located in San Jose, CA, and provides pawn services to the Los Gatos, Santa Clara, and surrounding areas. If you are in the market to sell your silver bullion, gold jewelry, platinum, gold, fine jewelry, or coins, the pawnbrokers at R&J Jewelry and Loan will work with you to give you an honest appraisal and get you the money you need.

Gold and silver prices are based on the spot price, which is the current market price of the precious metals if those metals were bought and delivered “on the spot.”

In addition to the spot price, there are premiums to consider, and this amount may vary depending on location and what precious metal you are trying to liquidate.

Other Gold Buyers

You can locate silver dealers and other gold buyers online, but some drawbacks. When you sell to a buyer online, you must know what purity your precious metal is and its weight.

You then have to mail it to the business and wait for them to appraise it and weigh it.

Once an amount and offer are provided, and you agree to the transaction, you will need to wait for payment.

Most exchanges are honest; however, be aware some might hustle a bit and say that the precious metal you sent in has other metals in it and not the purity you said, giving you less money in the long run.

Have you looked in your closet, home safe, jewelry box for gold bullion, old gold jewelry you don’t wear, or gold and silver coins?

When sold to R&J Jewelry and Loan, these luxury items bring the highest price.

The owner ensures that all of his team are experts in getting you the best price for your precious metals.

They also offer collateral loan services and a large inventory of high-end designer items. If you are interested in buying gold, they can help.

Collateral Loans From a Trusted Gold Buyer - R&J Jewelry and Loan

Obtaining a short-term pawn loan from R & J Jewelry & Loan pawn shop is simple, discreet, and absolutely secure.

“Our focus is to help our local community meet their day-to-day cash needs through Collateral Pawn Loans.”

We offer a low-cost alternative for anyone who would like an immediate cash loan today. Your own valuables act as the collateral for your loan.

We are a licensed and bonded pawn shop, which means that when you do business with us, you get peace of mind in the process.

We provide immediate short-term solutions to your cash flow needs! Use your assets to secure direct funding! We accept a wide variety of pre-owned jewelry, and we will always work with you to meet your financial needs.

Selling Assets To An Honest Pawn Shop - R&J Jewelry and Loan

R & J Jewelry & Loan pays cash for various products. Gold, diamonds, jewelry – you name it, we can help. When you come to our pawn shop in San Jose, CA, you can be sure you’re dealing with EXPERIENCED and dependable professionals. Trade your unwanted items at our pawn shop.

With a GIA-trained gemologist with many years of experience, you can rest easy knowing you’re receiving a fair, competitive offer when you’re looking to sell jewelry.

You can instantly exchange your diamonds and receive cash on the spot.

We will buy, sell, and trade items like Jewelry, Gold, and Luxury Accessories.

Buying From a Place that Has the Best Price on Luxury Goods - R&J Jewelry and Loan

Gold and Silver, Coins, Gold Bullion, Silver Bullion, and Fine Jewelry

Jewelry underscores your personality. For this reason, we carry silver, gold, platinum, and precious stones to have the right piece for your individual taste. Special orders and custom designs are available for those looking for unique, one-of-a-kind pieces.

Diamonds

Our GIA-trained gemologist with many years of experience has appraised each diamond that comes into our store, providing you with the confidence that what you are buying is the “real deal.” We have gold rings, diamond engagement rings, and beautiful watches available at an affordable price. Why buy new when you can purchase a one-of-a-kind piece at the best price in San Jose, CA 95125.

Watches

Looking for a Rolex or other designer watch? Our watches are more than an instrument for telling time; they say something about you, the owner. Fine watches such as Rolex, Cartier, Patek Philippe, Richard Mille, Hublot, Audemars Piguet, IWC Schaffhausen, Blancpain, Omega, and others are available for purchase. We also have vintage watches, especially sports models and chronographs, pocket watches, etc.

Luxury Handbags

The beauty of a luxury handbag is beyond measure. Designer handbags, purses, and accessories made by Louis Vuitton, Chanel, Prada, HERMÉS, Birkin, YSL, Yves Saint Laurent, Gucci, Fendi, Dior, Givenchy delight our customers when they want to find a handbag at a reasonable price. We offer the best prices if you want to come by and purchase one to add to your collection.

History Of R&J Jewelry and Loan the Best gold buyers - San Jose

We have been a family-owned and operated pawn shop since 1978. We have built our reputation on personalized services and our extensive jewelry selection in various price ranges.

We strive to set ourselves apart from other pawn shops by offering real money for your personal items.

Fair and reasonable offers are how we do business.

At R & J Jewelry & Loan, we will buy your items or give you a cash loan to get you through the rough times.