Everyday jewelry. Art glass, semiprecious stones, silver, faux pearls.
Gold jewelry I bought for myself. Earrings, lightweight necklaces and brooches.
Fancy jewelry, all of which is inherited and seldom worn. Some of which is heavy gold and never worn, such as a 14K gold Danforth anchor that my mother had custom-made. My parents belonged to a yacht club so Mom liked to wear this suspended from a nautical-style chain. I can’t imagine any occasion that I would wear this.
If you never use it, may as well sell it. It’s a lot easier to keep track of TIPS (hopefully purchased when rates are attractive) than random pieces of gold.
At 6:50 minutes, the avatar talks about Q-day happening around 2030.
The day when quantum compute becomes capable of breaking all digital encryption.
China is doing “Harvest now, decrypt later”. China is hacking into, and scraping all the data it can. And storing it.
On Q-day, anything, everything digital is vulnerable to being stolen, nationalized, or otherwise taken.
ralph:
Bank accounts, crypto wallets, brokerages, you name it.
If it’s digital, it might walk.
It seems to me that only physical gold will be “resistant” to being stolen.
If you don’t need the $ for some “better” purpose, just hoarding the gold might be a good choice?
IF Q-day does indeed happen in 2030, that’s 4 years away.
No, gold is at best a hedge against a total societal collapse, when money is worth no more than confetti. Keep the baubles along with your stash of salt, water purifiers, canned goods and other survival supplies.
@Wendy
I would suggest, but carefully over a moderate span of time (perhaps look at the market being driven with high probability by an unusually disruptive and potent mad political roller coaster) sell it all except the anchor, which is too simply wonderful for any mortal to recommend parting with. And with the never ending rise of the “never sailed but always votes” yachtie rich people club, I expect symbolic on top of artistic worth signification gives it a significant chance of skyrocketing in valuation.
I have a parallel situation regarding silver. Mom and Dad were spartan in most things, but also loved glory in carefully chosen doses. They were married in early 1946, and WWII shortages were intense. The two families cut a deal, and besides simple household gifts (headed off with quality thread count embroidered bed sheets) all the celebration money went to a gorgeous sterling silver dinner banquet service for 12, with serving utensils as well. I grew up polishing it for and then using it at family’s weekly “formal Dinner,l” and I still have it now, but only used it once in over a decade, and it has no monetary except silver melt value.
I am definitely keeping that, and (for when, if ever, civilization breaks down) my various secret stashes of old USA silver coins, mostly quarters and dimes, while becoming ever more interested in how, why and for what humans value all this, when, and for what reasons.
You will never get the value out of the jewelry reselling back to a dealer. Doubt you’ll come close on eBay either although something to be said for convenience. If you have stuff that has some value, might check into auction houses but they will take a decent percentage cut.
I’m guessing there are no kids/grands/nieces/etc. that wouldn’t appreciate an heirloom?
