The first and most important reason why I would opt for silver jewelry is undoubtedly its price. You can buy it without stretching your monthly budget what in my case is a huge advantage. Secondly, it is extremely durable - silver jewelry made mostly of the pure silver (about 92.50 purity) - which translates directly to the strength of the jewelry, especially rings - if we compare it to the jewelry made of other precious metals. Another legitimate reason in favor of buying silver jewelry is the ease with which it can be kept clean - it does not require additional financial contribution such as in case of platinum or gold. Also storage of the silver is easier as it does not required specific conditions such as in case of gold. Lately, I've read that 2012 will be the year of silver thus my question for you guys. Is it worth to invest in silver jewelry or not? What do you think?
Personally I would invest in silver bullion or coins. The jewelry does have resale value, but for the mainstream Investor, bullion and coins is much more desirable, so you're more likely to get the actual value of the metals with what you pay for. With jewelry there is always the manufacturers markup, and then the jewelers markup. Just my advice, go bullion or coins for long-term investment. If you're looking for an accessory that will maintain a solid value, then go for the jewelry.
I feel that bullion is by far the best choice. It is certainly easier to check current values on the market for it, rather than having to get your investment repeatedly appraised. Since manufacturers and stores charge more for jewelry than the metal itself, you'd likely not turn a profit.
Like overman, I also feel that bullion is a better choice than jewelry. I think you are paying for the piece of jewelry to look pretty, more than the actually value of silver or gold that is in the piece of jewelry. A friend of mine always buys bars, but I much more prefer to invest in coins.
I would only go with 99% pure bars or rounds as it might be difficult you to liquidate your jewelry when it comes time to sell it all. Not to mention the premium that you will pay at the store. Would you rather- Buy a 99% pure bar for $2 above the spot price OR Buy a 90% Piece of jewelry for $7-$10 over spot. I would go with the first one.
With jewelry, we have to pay for the cost of workmanship. And probably also the cost of conversion to another form. So bullion would be the better choice because we are just paying for the metal itself. Plus brokerage fee, of course.
Silver jewelries are nice, but not quite ideal for an investment.. You might find it hard selling them when the time comes.. If you're really hook on silver investment, I think silver bullion bars and round is much more rewarding in the long run.
