GOLD AS VALUE AND TRADITION
JEWELLERY, DOWRY AND INVESTMENT
PRESERVATION OF VALUE
Compared to other jewellery materials such as silver or costume jewellery, gold jewellery generally retains its value, as gold is not susceptible to oxidation, corrosion or loss of value due to wear and tear.
Nevertheless, it is important to note that the value of gold jewellery depends on various factors such as the gold content, the design, the brand, the quality and the condition of the jewellery. Furthermore, there are additional costs for manufacturing or surcharges for the jeweller's craft, which influence the value of the piece of jewellery.
GOLD JEWELLERY AS A DOWRY
In many cultures, gold jewellery is given as a dowry in marriage to express the groom's value and appreciation of the bride. Gold jewellery can play an important role in establishing the bride's social and financial position in her new family.
The tradition of giving gold jewellery as a dowry in marriage has a long history in many cultures and is often passed down from generation to generation. Gold jewellery can also play an important role in cultural and religious ceremonies and symbolises the connection to traditions and values. Wearing gold jewellery is seen as a symbol of luck, blessing and protection. It has been valued for thousands of years as a symbol of wealth and social status. In many cultures, owning gold is a sign of prosperity and financial security.
The types and quantities of gold jewellery given as dowry vary, as does the meaning attributed to it. Despite these differences, gold jewellery remains the universal epitome of beauty, wealth and love in many parts of the world.
GOLD AS AN INVESTMENT
Gold jewellery is also a form of investment, although it often plays a dual role as a piece of jewellery and as a financial investment.
Unlike other forms of gold investment such as bars or coins, gold jewellery offers the opportunity to wear and enjoy the precious metal in the form of jewellery. This makes it an aesthetically pleasing and practical form of investment.
As gold has been considered a safe and relatively stable investment for centuries, many people turn to gold to secure the value of their money in times of high inflation. As a result, the price of gold generally rises as demand increases, which means that gold jewellery also increases in value. The price of gold is generally regarded as one of the most stable "currencies" in the world.
However, as already mentioned, gold mining can lead to significant environmental impacts.
It is important to weigh up the pros and cons of gold mining and promote sustainable practices in order to minimise the negative impact on the environment, society and health. This is why the ring forge favours the use of recycled gold.
ALTGOLD
This term is used for old or recycled gold. Old gold can come from family jewellery, coins or other sources and can be melted down and reused to make new pieces of jewellery.