SPARKLE SPARKLE LITTLE STAR - How I Wonder What You Are. DIAMOND - RUBY - EMERALD - SAPPHIRE

Jewelry. This is a subject that women never tire of and we men should pay attention to. The women have always had it right, and yes, diamonds should be their best friend.

I have a little different approach to buying jewelry than most, and I find my way to be very lucrative. It is very difficult to go out on a Saturday morning to the sales and not have a chance to buy multiple pieces of jewelry. Yes, most of these pieces will be costume, but don’t be so quick to judge before you examine them.

I will give you my rule in buying jewelry, and it goes like this. First, check to see if the piece is mounted in gold or platinum and what karat this metal is?. Next, you should know that gold can come in several colors and you make yourself aware of these varieties. Platinum is usually white or silver and is the most precious of the metals that you will find. Most pieces of jewelry will be marked unless the mark has worn off or the piece is very early.

Once you have been around jewelry for a while, you can guess at what the value of the gold or platinum in a piece is worth on the open market. Yes, 24 karat gold is worth more than 14 karat but by only about half as much. With gold at the present time selling at the $800 range per ounce, it doesn’t have to be a very large piece to have quite a value. The same with platinum, but even more so.

You will need to find a good book on metal marks so that if the piece is gold plated or filled you will know not to buy it for the metal content. Have you noticed that I haven’t even mentioned the stones that it may contain?Yes, I have done this for a reason. Can you guess why?

I always try the buy jewelry at one third the value of the actual metal. Example: If I think that the ring has one half ounce of 24 karat gold in it and the market price for gold is $800, then I try to buy the piece at about $260-$270. By doing this I can assure myself that I can double my investment even if I have to scrap the metal. Scraping mean to sell the base metal in the commodity market. By doing this, you are assured of taking your next step in the race to 31 Steps, and that is our goal in the 31 Club's Million Dollar Race.

Now you know my secret. It doesn’t matter what the stones are, because they are just the icing on the cake. If they are semi-previous stones, so be it. But if they are Diamonds , Rubies, Emeralds, or Sapphires, you may have found yourself a real treasure.

I think I have told you the story about the watch that my friend, Warner, bought for $200 that turned out to be a french designer piece worth at least $5,000. I know personally that his wife was very pleased with that purchase and still has it to this day.

Even the cut of the stones can be misleading. There was a diamond cut in the early years called the "mine cut." Today, if you find a piece of jewelry with mine cut stones in it, you might very well think that it might have very little value, but you might be surprised.

I have shared with you why there is always a crowd around the jewelry cases. I hope that from now on, there will be one more person there, and that person will be you.

Be sure to visit our web site for more information about how you can join the 31 Club and start your own race to your millions! Read more about it here!"The Guy in the Red Tie" --- Daryle Lambert

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A Sure Thing - Do You Know One? Gold – Silver – Platinum

I do take risks in my buying, but it is very controlled. You know our rule: We try to buy our items at 25% of their retail value. This give us room to discount them and still make a respectable profit. Could the things we buy be worth even less than that? It is possible, but unlikely. Using this 25% rule in your buying won’t guarantee that you will never make a mistake, but it will be so seldom that your other purchases will always more than cover the mistakes and still leave you reaching your goals. I explain this further in my book that can be found at www.31corp.com or on Amazon by searching for Daryle Lambert.

But what if you could even reduce the risk to practically zero, would that interest you?

There is a way of doing this, and I see my friends the jewelry dealers doing it ever day. They almost always have a risk-free transaction when they buy.
How is this possible you may ask? It is very simple. They use the market price of the material that the item that they are buying is made of, as a measure, to price their purchases. If I buy a bracelet that has one ounce of 18 carat gold in it, I can access the gold value by using a formula to estimate its value compared to it being pure gold. What do I mean by that? Quite simply, if an ounce of 24 carat gold is worth $650, then an ounce of 18 carat gold would be some fraction of that. This would also hold true for 14 and 10 carat gold.

You can figure the value of all metals by calculating their market price by the weigh of the piece you are buying. This standard will hold true for silver, gold, platinum or any other metal.

So, once you know the value of the metal by weight in the piece you are buying, the rest is easy. Let’s say I buy a ring that has a half ounce of 24 carat gold in it and the price of gold is $650 an ounce, then the value of the ring is $325.00. This does include the value for its design or any stones that it might contain. So if my purchase is $150, I have made $175 plus the other values the ring might have due to its design or stones, even if I just sell the piece at the market metal price..
To be a jewelry dealer, you must carry a small gold scale with you to weigh each item. There must be a discount for any other material in the piece, but often the things like stones can be worth more than the metal.

My friend Warner once called me about a gold bracelet watch that he was looking to buy. It had hallmarks that indicated that it was 18 carat gold and was a french piece. After buying it for $200, through research our estimate for its value was $5,000.00. Not bad for a days work.

You should keep this in mind, but be sure to do your home work before going out to buy jewelry.

Be sure to visit our web site for more information about how you can join the 31 Club and start your own race to your millions! Read more about it here!"The Guy in the Red Tie" --- Daryle Lambert

If you wish to leave comments use the ANONYMOUS button and then you don't have to sign in to leave your message.