Jewelries, especially GOLD are sure to be the best investment apart from lot or land properties that only those earning hefty sums can afford. Well, for middle-class people - gold is reasonably affordable.
Where in the Philippines you can buy the cheapest jewelry on sale? It is no longer in Ongpin alone that you can find good jewelries at reasonable price.
I am not hired to write this blog article, only pure simple 'joy of sharing' that led my hand writing about it. I really recommend Palawan Pawnshop auctions.
How to make sure bare buying the best deal? Ask the same pawnshop or auctioneer how much that piece you opt to buy cost when pawned just BEFORE paying for it, if it is much lower than the buying price, DO NOT BUY. Compared to other pawnshops, Palawan shows only two-three hundred pesos (PhP 200-300) difference in price and pawning acceptance while others is a thousand plus. For example an earrings costing PhP 5,000.00 in auction can be pawned around PhP 4,700 - Ph 4,800 in Palawan. Comparing to other pawnshop auctioneers, that same cost when you buy will only be accepted for even ONLY HALF of its tag.
It is best to buy jewelries auctioned at pawnshops because you are sure you are getting really gold. The ones with diamonds are not so good as investment, they are not valued when pawned. Another thing is that you do not need to have it assessed for its authenticity anymore - fakes are not accepted for pawning.
They also have this lay-away offers, installment plan- that you can pay for a number of months on any downpayment amount you can give BUT will only be yours when PAID, offered at the same price without additional interest. They will be giving you pawn ticket that serves as your L-A agreement without incurring interest but the item is reserved for you like you pawned it and take home till you fully-paid it.
Land property and gold are the only investments appreciating in value unlike cars or gadgets that depreciates in market value every now and then that a newer model appears in the market. Both can be re-sold at a later time doubled or even quadrupled. Instead of splurging on techie stuff - choose to be wiser, buy your children gold even just for keeping. You will find it practical mostly in trying times. Hope to have given you useful tip, friends :)
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