Saturday, October 10, 2009

Minding Your Metals

In the crazy world of fashion where hubris reigns
we have Lindsey Lohan as the "muse" of the Ungaro line
Alexander McQueen putting 12 inch heels on the runway
Albert Elbaz of Lanvin selling costume jewelry nonsense for over $1,000
it makes you wonder
Is there anything out there of actual value worth buying?

Well you know where this is going
GOLD...the investment you can wear.

Check out this chart showing that gold is up more than 20% this year against the Dollar
(and only up some 12% against the Euro...)

The Duchesse on her Passage des Pearls blog has written an excellent explanation of the terminology associated with gold including
karat weight
Karat weight refers to the purity of the gold. (The word is spelled carat, abbreviated ct in some parts of the world, and karat, abbreviated k in the US, Canada and Germany.)
and pure gold
Do not be misled by the term "pure gold": In the US, 10k and up is considered pure gold, but a 10k and 18k bracelet will look very different. In Europe (and in parts of Asia) a number indicating percentage of gold is usually stamped, instead of karat: 10k= 417 (41.7% gold) 14k= 585 (58.5% gold) 18k=750 (75% gold)The higher the karat, the higher the gold purity is in the piece.
And she gives great tips on shopping for gold while traveling.
Be sure to read the whole thing.
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