Although gold can help you diversify your investment portfolio, investing in gold comes with some with risks, especially since gold prices tend to fluctuate. Luckily for you, there are other options.
5 collectible investments more valuable than gold
Although gold can help you diversify your investment portfolio, investing in gold comes with some with risks, especially since gold prices tend to fluctuate. Luckily for you, there are other options.
Fine watches
If you are looking for a safe and solid investment, mutual funds are a better choice. But for investors who like to own something tangible that will hold its value over time, classic watches can be a good choice. After 20 to 30 years, Rolexes start to appreciate in value. This has continued to hold true in recent years even as gold has declined in value.
Fine jewelry
Investing in jewelry is often related to investing in gold, since a lot of jewelry contains gold. But jewelry also contains other elements, such as diamonds. The American Jewelry Institute notes that over the past 20 years, jewelry containing diamonds of the highest quality has been breaking records at auctions by major art houses.
Antique weapons
The price of guns on both the primary and secondary markets has been skyrocketing in recent years. Meanwhile, antique weapons are another alternative investment that has done very well. From swords and knives to flintlock firearms, antique weapons have remained a solid investment.
Classic cars
Classic cars are a fun investment collectible, and their return has trounced the value of gold in the past few years. Even as gold continued to slide, classic cars increased in value by 40 percent in 2014. Classic car values have taken a hit since then; the largest U.S. auto auction house Scottsdale saw a decrease in sales last year. It's critical to buy the right car and keep it in the right condition. Rare coins
As with collecting jewelry, the value of a coin collection is often closely linked to gold prices. However, truly rare and sought-after coins are valuable not for their gold content but for the rarity and desirability of the coin itself. Certain coins can be excellent investments that trounce the value of gold over time.
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