
Originally Posted by
c0mpumast3r
Bro, investments like these are good so long you have built your financial foundation right.
Let me tell you a story of my friend:
He bought a gold necklace for a price of 28k+. Of course, there's nothing wrong with anyone nga ganahan mupalit ug gold necklace, di ba? Iyaha bitaw na hinaguan and capable pud bitaw siya mupalit ana. Also, its value appreciates over time man pud, di ba?
But you know what happened after 6 months?
His mother was diagnosed with cancer and needed medication. They really loved their mother so much and they can't afford just watching their mother without doing anything. They really needed a lot of money for her medication.
What happened?
These opted them to sell most of their things - their car, ref, television, etc. and worst, including his hard-earned investment - his necklace. His buyer bought the necklace for a price of 20k. Ouch!
Bro, yes it's true that precious stones appreciate over time but with the urgent need of money in case of emergencies, these investments might not be good investments at all.
Bro, ako lang suggestion is investments like these are good but "Start building your financial foundation first".