Personal Finance
Why Jewelry Is a Good Gift but a Poor Investment
By ValueChampion  •  June 15, 2021
Purchasing gold jewelry is a long-standing tradition in Singapore. We show them off, buy them as gifts, and pass them on to our children. However, you shouldn’t mistake the bling as sound investments. Although precious metals like gold and silver are often great investments, retail stores will sell the precious metal at a significant markup once made into jewelry. This markup can often cost you between 60%-250% more than the precious metals and gemstones are worth at that time. Taxes The unfortunate truth to the engagement ring you just received or the necklace you just bought for your significant other is that the resale value will be significantly lower than the original price tag. There are several reasons, but jewelry comes with a 7% goods and services tax (GST) in Singapore. On the other hand, to promote Singapore as a trading hub for precious metals, the Singapore government removed taxes on investment-grade precious metals like gold and silver....
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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