The Valuable Minerals Advertising Firm (PMMC) is encouraging the acquisition of gold jewelry, selling it as a reliable retailer of worth.
In accordance with PMMC, the worth of such jewelry appreciates over time, providing a possible monetary cushion throughout financial challenges.
Talking in an interview on the opening of PMMC Jewelry Restricted’s new store on the Marina Mall alongside Spintex Street, Managing Director Nana Akwasi Awuah emphasised that regardless of fluctuations within the worth of gold, funding in gold jewelry is financially rewarding.
He was responding to a query on the rise in gold costs within the latest previous and the rippling impact on native jewellers.
“Whereas a jeweller or a producer who’s sourcing gold to do jewelry might complain in regards to the rising value of gold, it is going to curiosity you to know that anyone who buys gold as an funding shall be comfortable after they see gold costs going up. It’s a honest stability.
“You have to to have the ability to predict the costs of gold in order that you’ll know when to purchase to do your manufacturing and when to carry on until costs drop. For many who proceed to purchase as an funding, they’re very comfortable after they see it [going up].
“I do know of people that come right here each month. They’re with GHȼ1000, GHȼ2,000, GHȼ2,500….what they do is that they arrive and purchase a bit of jewelry and so they hold saving. By the way, they’re the moms. It’s the moms we discover doing that however we need to encourage everybody….moms, fathers, males, girls, younger males, younger girls please spend money on gold jewelry and you may be very comfortable 10,15, 20 years down the road.
“What you obtain immediately at GHȼ5,000 will become about GHȼ50,000 5-10 years down the road,” Nana Akwasi Awuah mentioned.