The Digest | New Jersey Magazine
Issue link: https://magazines.vuenj.com/i/1306768
BY BRIANNA ROBERTIELLO THE HOLIDAY GUIDE to GOLD BUYING T he holidays are a time when we gather with loved ones and show our appreciation for one another, usually through presents. Jewelry, though it is one of the most common gis to give, can be a tricky buy for those who are not educated in the jewelry industry. With endless styles, colors and cuts presented to you upon entering a jewelry store, making the right decision can seem impossible. Luckily, with the help of Nancy and David Stone of Nancy and David Fine Jewels, we were able to assemble a quintessential guide to buying gold, to get rid of stress and make more room for smiles this holiday season. Gold is one of the most timeless and classic metals due to its non- reactive nature and brilliant glow. Gold is currently at historical highs, trading close to $1,900 per Troy ounce. Nancy and David explained that if you bought gold when it was trading at a low rate, then it would be wise to sell while it is trading at a high rate if the piece of jewelry is not being worn or handed down to another generation. For dated gold jewelry that is no longer worn, it is best to melt the gold down and reinvest the money from the gold into a new jewelry piece. However, some pieces, such as vintage heirlooms and handmade pieces, have intrinsic value and years of stories within, making them worth keeping. V U E N J . C O M 42