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Wear Your Wealth

WearableWealthWe have all heard the horror stories of people fleeing persecution and crossing borders with their wealth. If you own any form of gold, you are already well aware of those facts. But have you considered the implications of traveling with that gold or diamonds?  Sure, coming from Vietnam in 1975, you probably got barely a sideways glance for carrying gold TAELs, or even a suitcase full of cash. But today, in the age of TSA “love tap” pat-downs and full-body x-ray scanners, and when you must declare any amount of cash over $10,000 on your way in or out of America, leaving the country with a stack of gold bullion is probably going to raise a few eyebrows  if not land you in a TSA backroom somewhere.

That’s why it is important not just to own gold, but to consider owning it in various forms that give you both discretion and portability. There is no substitute for gold bullion, but there are far more portable alternatives, and which are far less likely to raise eyebrows. Take 24-karat gold jewelry, for instance. To the casual observer, or the TSA agent, it’s not unlike any other necklace or bracelet. To you, it is a portable store of wealth, a “money belt” customs will ignore. And a great insurance policy should you find yourself in need of money on the road.

Not only does 24K gold jewelry make moving with your money simpler, it also makes giving wealth to heirs simpler. In fact, there are a number of advantages that are frequently overlooked: it’s significantly cheaper than most numismatics and carries far lower premiums than traditional gold jewelry; it’s subject to less of the complexities of taxes; it’s more accessible than gold stored in a vault or certificates that take time to redeem; and as jewelry, it would avoid gold confiscation if that ever came to pass again.

Unfortunately, you are not likely to find real 24K gold jewelry of any significance in your local mall’s jewelry store. Instead, they are probably selling 10-14K gold, and at premiums of 200% or more to the value of the precious metal. It’s simply not practical to use designer jewelry as a store of wealth –-  you won’t find a resale market for that Tiffany necklace.

Instead, you need to find a dealer that can provide you with pure, certified 24K gold jewelry that was designed specifically for use in passing down or traveling with your wealth, and at a reasonable markup. It helps if the jewelry uses a common unit of measure as well … each piece being an ounce or in some way easily divisible. That way you can quickly account for how much you have, and if the time ever came where you needed to sell it for emergency cash like so many have, you could easily do so.

At AB&L, we specialize in 18-24K gold jewelry for people who think like us and value portable wealth.

If you own bullion or any other form of gold, consider how portable it really is. A little forethought and you may just realize it’s not all available the moment you need it. If that’s the case, a little bit of portable wealth protection might be in order. 24K jewelry can be a great form of insurance.

But don’t mistake it for just bullion; this is beautiful jewelry: These pieces are very elegant and sophisticated. It’s something you can enjoy for many years and generations to come. And they’re perfect for gifts. If you want attractive, wearable bullion that allows you to store value safely, then 24K jewelry is it. And it might be just the right way to sneak some gold into a loved one’s stocking this year!