{"id":29543,"date":"2023-08-29T15:00:11","date_gmt":"2023-08-29T22:00:11","guid":{"rendered":"https:\/\/www.advantagegold.com\/?p=29543"},"modified":"2023-08-29T15:00:11","modified_gmt":"2023-08-29T22:00:11","slug":"how-are-precious-metals-similar-to-gems","status":"publish","type":"post","link":"https:\/\/www.advantagegold.com\/blog\/how-are-precious-metals-similar-to-gems\/","title":{"rendered":"How Are Precious Metals Similar to Gems?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Harvested from deep inside the earth, both precious metals and gems have existed in tandem for as long as we\u2019ve been able to extract them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, how are precious metals similar to gems? These elemental cousins share many properties that have made them valuable throughout history.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mother Nature\u2019s gifts have not only adorned the necks and wrists of royalty, both have been used to help innovate technology and advance mankind.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In our modern world, we still look to gems and precious metals for their beauty, but some have found ever-expanding and indispensable technological value.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As investment vehicles, gems and precious metals can both be great choices. However, they have different sets of values and investors typically look upon them in varied ways.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether you are looking to hold the stones, collect the metals as coins and bullion, or own <strong><a href=\"https:\/\/www.advantagegold.com\/approved-precious-metals\/\">precious metals in an IRA<\/a><\/strong>, we will help you understand those differences. We will help you discern how one or both may help you reach your financial goals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400;\">The Key Differences Between Precious Metals and Gems\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Precious metals and gems both originate from the earth\u2019s crust, but that is mostly where their similarities end.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They possess different structural properties and are used differently in industry and manufacturing<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h3><span style=\"font-weight: 400;\">What is Considered a Precious Metal\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/stonebridgeimports.com\/blogs\/geology-basics\/what-are-minerals-precious-metals-gemstones\" target=\"_blank\" rel=\"noopener\">Precious metals are chemically inert metals that are rare.<\/a> They derive their value from scarcity, manufacturing and industrial usefulness, and as jewelry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Precious metals are typically non-corrosive, less reactive, and more highly conductive than other elements. Most precious metals are also very malleable and are able to be shaped into different forms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In general, the four most utilized precious metals are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gold<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Silver<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Platinum<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Palladium<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">All four precious metals are well known for their color and brilliance, making them ideal for jewelry and decorative purposes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Modern technology has grown dependent on precious metals. Solar panels, cell phones, computers, televisions, most electrical tech, and automotive tech\u2014catalytic converters\u2014need one of the precious metals to operate.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because precious metals supply is very limited and demand is very high, many investors have turned to precious metals as a store of wealth. During inflationary times, investors have found them\u2014particularly gold and silver\u2014to be a great way to protect their wealth and retain purchasing power.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They offer investors a tangible asset that is non-correlated to the stock market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/tools.advantagegold.com\/&amp;sa=D&amp;source=docs&amp;ust=1691189072671368&amp;usg=AOvVaw0HaRRV-Ih5XgIKt47fT4IJ\">History has shown that precious metals often move up in value during the most economically tumultuous times.<\/a> Because of this, they are often used as \u201csafe haven\u201d assets, and are a trusted and safe place for investors to park their money.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h3><span style=\"font-weight: 400;\">What is Considered a Gem\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Gemstones are minerals that are durable, beautiful, and rare.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They are usually cut, shaped, polished, and used in jewelry and as collectibles.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the most popular gemstones are the:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Diamond<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Emerald<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ruby<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sapphire<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Gems typically derive their value from their scarcity and also their perfection as a stone. The closer to perfect a stone is, the more it\u2019s worth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some gems, such as diamonds, are also widely used in industry. <a href=\"https:\/\/www.gsi.ie\/en-ie\/geoscience-topics\/geology\/Pages\/Minerals-Precious-Metals-and-Gems.aspx\" target=\"_blank\" rel=\"noopener\">Diamonds are the hardest natural substance on earth<\/a>, and are used to grind other materials.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How Gems and Precious Metals are Similar\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Knowing that one is a stone, and one is a metal, you\u2019re probably asking, how are gems and precious metals similar?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Precious metals and gems are distant cousins. Both are rare, both are durable, and both are subsets of minerals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They&#8217;ve been extracted from the earth&#8217;s core and have been assigned value throughout history.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h3><span style=\"font-weight: 400;\">Aesthetic Appeal\u00a0\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Precious metals and gemstones are like peanut butter and jelly\u2014they work great together.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As jewelry, beautiful, colorful gemstones, and even the most colorless diamonds need a setting. Precious metals are usually the go-to choice for ring, necklace, and earring settings for rare gems.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Setting one expensive member of the mineral family with another expensive member leads to jewelry pieces that last for centuries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold seems to look good with everything. The brilliance of a red ruby set on a backdrop of yellow gold can be breathtaking.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Blue sapphires and green emeralds\u2014set on a clean backdrop of white gold, platinum, palladium or even silver\u2014presents as a regal choice.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Diamonds can be beautiful with both the yellow metal and the white metals. All a diamond needs is someone to wear it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h3><span style=\"font-weight: 400;\">Durability\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One major commonality between gems and precious metals is their durability.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While their beauty is easy to see, both groups&#8217; ascension may be attributed to the fact that they can last for centuries without eroding or breaking.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without major force being enacted on a gemstone or a precious metal, that object will be the same in 1000 years as it is today.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Diamonds are so hard and durable that the only thing that can cut a diamond is a diamond.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h3><span style=\"font-weight: 400;\">Symbolism and Significance\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">From associating diamonds as a girl\u2019s best friend to seeing Dorothy clicking her ruby slippers, humans seem to have a deep rooted connection to precious metals and gemstones.\u00a0<\/span><\/p>\n<p><b>Gold<\/b><span style=\"font-weight: 400;\"> can symbolize many things, but the root message of gold is power, success, and victory. Kings and queens wear gold crowns. If something is considered the best in class, it is the gold standard. Victorious olympians receive gold medals for first place and silver medals for second.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold is the standard bearer.<\/span><\/p>\n<p><b>Diamonds<\/b><span style=\"font-weight: 400;\"> are forever. Beautiful when the light hits it, everlasting, and forged from carbon, diamonds have always captured the imagination. The eternal symbol of everlasting love is placed on a bride\u2019s finger, cementing a forever bond.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Used together, a gold and diamond ring signals to the world that victory is had in a relationship that will last as long as those minerals. Forever.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The recording industry issues a platinum plaque when a song sells 1,000,000 copies. This homage to the beautiful white metal began when platinum cost more than gold. The industry also issues a diamond plaque when sales reach 10,000,000\u2014an extremely rare feat\u2014the hardest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h3><span style=\"font-weight: 400;\">Investment and Financial Value\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">How are gems and precious metals similar for investment purposes?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both precious metals and gems can be used as investment vehicles.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">High-value jewelry pieces usually involve a combination of the two. It is not unusual for <a href=\"https:\/\/www.townandcountrymag.com\/style\/jewelry-and-watches\/g38953479\/most-expensive-jewels-sold-auction\/\" target=\"_blank\" rel=\"noopener\">prized or historic pieces to sell for tens of millions of dollars<\/a>. Rare colored, flawless diamonds\u2014set in gold, white gold, or platinum\u2014have recorded the highest sales prices in history.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gems can also be purchased individually. They are priced according to the <a href=\"https:\/\/www.brilliantearth.com\/diamond\/buying-guide\/?utm_source=google&amp;utm_medium=cpc&amp;utm_campaign=SEM_Search_US_ER_Education&amp;gclid=CjwKCAjwv8qkBhAnEiwAkY-ahhbAd9fiF2wnaJ3CHZ59zt1J31Q85LX7z1Bqxt6O1TntLSbGY5oA6hoCXTAQAvD_BwE\" target=\"_blank\" rel=\"noopener\">four C\u2019s<\/a>:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cut<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clarity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Carat<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Color<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Cut is the style that a jeweler makes for the gem. Clarity measures how clear or flawless the inside of the gem is. Carat refers to the weight of the gem. Color rating is based on the exclusiveness and rarity of that color in nature.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can also purchase precious metals in pieces.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors often buy coins, bullion bars, and generic rounds and lock them away for safekeeping. Gold, silver, platinum, and palladium are all available.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Metals are typically sold according to weight. You decide your investment amount, choose your metals, and purchase them per ounce.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many of today\u2019s investors choose to own precious metals inside of an individual retirement account.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commonly known as a Gold IRA, Silver IRA, or Precious Metals IRA, these self-directed IRA accounts allow for you to purchase and store <strong><a href=\"https:\/\/www.advantagegold.com\/blog\/what-are-the-approved-precious-metals\/\">approved metals<\/a><\/strong> inside the safety of your IRA account.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong><a href=\"https:\/\/www.advantagegold.com\/approved-precious-metals\/\">Eligible metals<\/a><\/strong> must meet the IRS\u2019 strict guidelines for quality, purity, and origin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whether you already have a traditional, a Roth, or a Simplified Employee Pension (SEP) IRA, you can easily convert it to a <strong><a href=\"https:\/\/www.advantagegold.com\/blog\/how-to-find-the-best-precious-metals-ira\/\">self-directed precious metals IRA<\/a><\/strong>.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are 59 \u00bd and have a 401(k), or if you have a 401(k) from a previous employer, you can roll over that plan\u2014tax-free and penalty free\u2014into a precious metals IRA.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The account executives at Advantage Gold are available to give you more details and walk you through the process to get started.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400;\">Precious Metal vs Gem Investment: What\u2019s Right For You?\u00a0\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Precious metals and gemstones can both be great investments. You must analyze your investment needs, goals, and timelines to decide if one or both are good for you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are a buy and hold investor, both may fit you perfectly. The set-it-and-forget-it methodology easily applies to metals and gems.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy them and store them safely. When you\u2019re ready to sell, find a buyer and complete the transaction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Precious metals offer one major aspect that gems do not\u2014a very transparent marketplace.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/goldprice.org\/\" target=\"_blank\" rel=\"noopener\">The trading price of precious metals is readily available, 24 hours a day, 365 days a year.<\/a> With a few clicks online, you can find up-to-the-minute pricing on gold, silver, platinum and palladium.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The gem market is a bit more closed. It is more subjective, and the price that one jeweler may buy or sell for isn\u2019t necessarily the price at which\u00a0 another will transact.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There is no set pricing per carat, per color, per clarity, per cut. While this should by no means be a deal-breaker, you should consider it when evaluating your possible investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Precious metals offer a built in marketplace when you establish a precious metals IRA with a reputable firm, such as Advantage Gold.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Advantage Gold will not only walk you through the process of establishing your account, but will educate you on and sell you the eligible metals that you choose.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Advantage Gold\u2019s marketplace is two-way. Our established buy-back program is available for clients, and you can sell your metals back to us when you\u2019re ready to do so.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400;\">Learn More About Precious Metal Investment Today\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It may seem like a lot of information to digest, but precious metals\u00a0 investment is easy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In or out of an individual retirement account, you can own gold, silver, platinum and palladium, in no time at all.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our trained professionals at Advantage Gold are here to answer your questions and walk you through the process.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Call us today, or clink the link, send us your information, and we\u2019ll contact you as soon as possible.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019re here and we\u2019re happy to help.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harvested from deep inside the earth, both precious metals and gems have existed in tandem for as long as we\u2019ve been able to extract them.\u00a0 So, how are precious metals similar to gems? These elemental cousins share many properties that have made them valuable throughout history.\u00a0 Mother Nature\u2019s gifts have not only adorned the necks [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":28086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[127],"tags":[1258],"class_list":["post-29543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ira","tag-how-are-gems-and-precious-metals-similar"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/posts\/29543"}],"collection":[{"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/comments?post=29543"}],"version-history":[{"count":0,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/posts\/29543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/media\/28086"}],"wp:attachment":[{"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/media?parent=29543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/categories?post=29543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.advantagegold.com\/wp-json\/wp\/v2\/tags?post=29543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}