Reply: Gold Tips from Norcal

Norcal said...

To Texas gulf coast (8:29)
You can get 18k at Asian (Vietnamese, Chinese etc ) jewelry stores and it is gorgeous. These cultures view 14k as junk. So somewhere there might be near you a Vietnamese shopping center or you may have a Vietnamese store? They also sell 22k and 24 K.
The Indian jewelry stores (people from India, not Native Americans) sell only 22k or 24 k.

In addition, if you go to a gold coin seller, many of them take in "scrap gold" which means 14k,
18k etc. They weigh it on a scale in front of you, then calculate the price of gold in it, etc

It may not be a "great deal" at the time but as the dollar becomes more worthless and inflation rockets, you may be happy you bought some of this jewelry. I have a friend from Cambodia and she said that gold chains literally kept her from starving. She cut off a piece to get groceries, as paper was worthless.

She also said she used Swiss gold bars to give border guards, to bribe them to get across the border.

Now she owns here a donut shop and has done fantastic. Very nice lady.

She said in her culture you put everything possible into gold.

hope that helps.

March 15, 2009 7:48 AM

Thanks Norcal. :)

Sounds like your friend went through a lot.

FerFAL