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

Gold Bars Stacked On Each Other
Gold Bars Stacked On Each Other

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.

Gold Bullion

 

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

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.

Gold ingots on a white background with magnifying glass

 

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.

Gold Bars And Gold Watch Sitting On Top Of One Hundred Dollar Bills

 

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.

7 Affordable Holiday Gifts for Women in 2022 that you can Buy from a Pawn Shop

holiday gift ideas for woman's ring
holiday gift ideas for woman's ring

Have you ever realized how instantly market prices increase every year as the Christmas season nears closer? The price rises so high that your gifting plans every year are enough to dig a big hole in your pocket!! Amidst the rising prices, are you stuck in deciding what to gift your female friends for Christmas? Are you suspicious if your mom will like the gift you have planned for her? Or do you want to spoil your lady with a gift just made for her? Don’t worry, we are here because you thought of an “affordable Christmas gift for women” (or something similar).

Today we will mention lovely gifts that look expensive, but can only be brought at an affordable price from the R and J Jewely and Loan pawn shop in San Jose.

And trust us, you would want to buy all of them for your special ladies!

 woman's hands crossing fingers wearing gold watch

 

7 Affordable Christmas Gifts for Women

 

Branded Watches.

Thought gifting a branded watch to your female friend (who is more than just a friend) would be like digging a hole in the pocket? Well, to your rescue, we suggest you check out some of the most beautiful vintages and branded watches for women at the R&J Best Pawn shop in San JoseThe store is full of vintage branded watches that you can gift to your love interest if she likes vintage products.

Charms Pendants

If the one receiving a gift from your end is your lovely daughter or a lady in her young age, the best gift for them would be something that can protect their innocence from the evil eye! Although the little girl may mean the world to you, you do not necessarily have to be a spendthrift for them, since we’re here.  

Try gifting her a beautiful charm pendant as a bracelet or necklace! If you are yet to decide on an affordable place to buy a charms pendant, then don’t forget to add up the R&J Jewelry shop in San Jose to your go-to list. The pawn shop in San Jose will provide you with all the affordable charms pendants for women that you may consider gifting this Christmas.

Louis Vuitton Handbags

 

Handbags

Wish to earn a few bonus points in the good books of your female colleagues? Then gifting them branded handbags can be a great idea! Wait, Branded handbags do not have to be expensive all the time! Check out these affordable branded handbags from R&J Jewelers in San Jose, before scrolling away from one of the most excellent yet affordable Christmas gift ideas for women.

Necklace

The love of your life deserves the world, and we agree with that fact. But we also want to remind you; she deserves your efforts more! You don’t have to be broke to give her the world. Just find the right necklace from the wide collection of gold and diamond necklaces at R&J Jewelry and Loan Pawn Shop in San Jose. The store is full of beautiful and unique designs, and is also available at affordable rates!

Brooches and Accessories

Repeat after us! Women are not hard to understand! Your female friends will love it if you be considerate and gift them useful items, such as brooches, and accessories, such as earrings and rings.

We promise these brooches will be all that your near and dear female friends will admire for the whole of Christmas eve! 

diamond and white gold ring

Gold and Silver Jewelry 

Gold and Silver are no doubt expensive metals, and gifting your lady love something made of these metals would mean a lot of money in general. But, the pawn shop in San Jose makes the deal easier for you by availing of one-of-a-kind gold and silver jewelry at affordable prices!

Final Words

As the holiday season closers, the market prices of literally everything rise higher and higher! If your holiday shopping has halted because you could not find valuable gifts for the precious ladies around you, then the pawn shop; R & J Jewelry and Loans has brought a smarter way out! Just check out the wide range of affordable gift items for women at the store, and buy exciting deals for the holiday season!

Wait no more! This Christmas, make every loved one feel special!

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

Gold Bars Stacked On Each Other
Gold Bars Stacked On Each Other

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.

Real Gold

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.

June 6th 2022 gold prices

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 Logo

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/