investment jewelry

FBI Seizes $86 million in Cash from Customer Safe Deposit Boxes

Back in 2021, the federal agents raided U.S. Private Vaults, a private vaulting and safe deposit box company located in Beverly Hills, CA under the suspicion that the owners of the company were involved in money laundering.

More than $86 million dollars in cash and millions of dollars worth of jewelry and other valuable personal items were seized from the rightful owners, most who are innocent of any crimes or wrongdoing.

After two years of legal battles, some customers have managed to recover roughly $25 million in cash taken by the government.

Wearable Wealth

Buying and investing in wearable wealth follows the notion that if you don’t hold it, you don’t own it. It’s a way of converting precious metals like gold, silver and platinum into something that is wearable, transportable and concealable.

It can take the form of jewelry or other fashion accessories that can easily be worn on the body.

Traditional 14k or 18k gold jewelry that is sold through retail jewelers at a high markup. This is not the case with 22k or 24k jewelry. High purity gold jewelry can be purchase through traditional bullion dealers at a much lower markup and at a low premium. The premium on 24 karat gold jewelry is often similar to those found on gold coins and gold bars.

Wearable wealth comes with a variety of benefits. When you buy wearable wealth you are taking fiat currency and putting it into a physical asset that has value in virtually any currency. Having wearable wealth in the form of jewelry allows you to easily travel with assets.

Storing Wealth in 24k Gold Jewelry

24k gold jewelry - 1 troy ounce bracelet

Using 24k gold jewelry as a store of wealth has benefits over traditional precious metals investments such as coins and bars.

Customs and border agents receiving training in identifying gold coins and bars as a way of concealing wealth. Typically, gold jewelry can be worn or packed in a carry-on bag and goes largely unnoticed.

Because it’s pure gold, 24 karat gold jewelry holds its value relative to gold spot price.

Gold Jewelry as an Investment – 24k Gold Jewelry

24k gold jewelry - 1 troy ounce bracelet

Just as with other forms of precious metals, such as coins, bars and rounds, investing in 24k gold jewelry makes practical sense. Jewelry made from 24k gold makes an excellent store of wealth. The value of the jewelry is not diluted by outrageous retail markups and the use of alloys to reduce the purity.

Anyone crossing international borders is required to declare any financial instruments valued at over $10,000. Jewelry made from 24k gold isn’t a financial instrument and in most cases does not need to be declared when traveling internationally. It’s possible that an individual could carry more than $10,000 worth of 24k gold jewelry while traveling.

The Trap with the Golden Bait by Roman Booteen Now Available

Roman Booteen's Trap Coin Hobo Nickel

The “Trap Coin”, designed and sculpted by Roman Booteen is a uniquely designed and carefully crafted “Hobo Nickel” in 2017. The coin’s unique spring loaded finger trap contraption has caught the attention of coin collectors and art collectors and many more. The coin sold at auction for over $10,000 and The Heads or Tails Coin … Read moreThe Trap with the Golden Bait by Roman Booteen Now Available

Bullion Jewelry Is Smart and Sound Holiday Gift

24k gold jewelry - 1 troy ounce bracelet

During the holiday’s many people give the gift of jewelry to their loved ones. Fine jewelry is typically made of allows of gold, platinum or silver and often carries a very high premium over spot price when factoring in the purity and weights. Bullion jewelry is a smarter choice for anyone interested in wealth preservation. … Read moreBullion Jewelry Is Smart and Sound Holiday Gift