A man recently purchased a diamond and gold bracelet for his wife at Macy's department store in the Pacific Northwest. The bracelet was selling for $2400 but was marked down to $700. The receipt plainly stated 3 carat weight diamonds. When the clasp broke on the bracelet the wife took the item back to Macy's to get it fixed or at least looked at. When Macy's told her that they were not diamonds and the gold was not even gold, and that they would not replace it, she got a little ticked off. She contacted KGW news channel 8 in Portland and they aired the news story. Macy's promptly replaced the bracelet with a "real" one. You can find out the whole story at kgw.com
That brings me to investing in jewelry and metals for the future. Can you really guarantee that the price of gold will always rise or that when the price of copper sinks you won't be left holding a bag of lead? If you do plan on investing in metals for your future, stay away from jewelery as an investment. As proof of the incident above, you can never be sure you are getting what you pay for, even from a reputable company like Macy's.
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