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Pitfalls of investing in gold jewellery
It is hard to profit from jewellery unless the gold price goes up by more than 20%
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Gold prices have been hammered by the stronger greenback and are down about 20 per cent from their pandemic high - but before you rush to a dealer to snap up some shiny gold jewellery, note that investing in such items is not the same as trading in the bullion market.
For one thing, goldsmiths sell items at a premium, like works of art, with prices around 20 per cent above international trading rates.
