It is very common throughout Asia to own high karat gold jewelry as a store of wealth.
New bullion jewelry options are now available to 24k gold investors that go beyond your typical fashion accessory.
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.
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.
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.