Please guys SUBSCRIBE, Like and comment the video for more content and to support the channel :) Iced Cuban and plain Cuban chain comparison. GOLD CHAINS:@t
Have u been surprised as to how miami cuban lynx and Italian curb cuban links never died. The rope chain has died down a bit but only minority people wear rope and other link chains compared to da Miami cuban links and da Italian curb cuban lynx. These 2 links Miami cuban and curb Cuban are IMMORTAL AND WILL NEVER DIE DOWN.
2kilos= 2000 grams. 2000x.57(14k purity)= 1140 of 24k Gold. 1140x45(45 is approximately the price per gram you will get for 24k at today’s price) = $51,300 meltdown value. So he is charging around $18,000 for Labor premiums and profit. To sell that chain for $70,000-$80,000 Gold would have to be $2300-$2500 per ounce. Gold Purity in decimals 10k=.41 14k=.57 18k=.75 22k=.916 24k=.999 Hope this helps 👍
AB YZ 14k is 58,5% my man 1,5% is allot of difference with these amounts of money, still his profit is huge! People are stupid if you want to invest in gold jewelry buy .999 chains but I don’t know if they are able to make them as big as those Cuban chains (never seen it, don’t even know if it’s possible to make) I have only a small chain which says .999 like 35grams
Woteal yeah it is a difference but some 14k chains measures between .57 - .59 depends on who made it. I wouldn’t call them stupid but most people are uneducated about Gold. There first chain is 10k because the jeweler tells them it’s “stronger and more scratches less then 14-18k” but fails to mention that 10k is less gold and they are making a huge profit because 50% of the chain is actually copper lol .999 chain probably can be done at that size by the right jeweler.
@@GhostTraderz Can't be done. Too much inertia on gold will break it. Stop playing! Platinum is more expensive and could do that. But with gold 20 karats is the highest that can be used in jewelry of any sorts. Just mix it with Rhodium which is a lot more expensive than Gold, to get the solidity and then you'll have the total expensive shit. DON'T put copper into it. I think it kills the Glory...
or get actual assets, gold is not great. a gold chain is worse. 70k goes a long way in renting out apartments, for example. do you really want to risk sudden depreciation like what has happened to platinum? investing in something that pretty much holds its value throughout the years is just plain stupid if you ask me.
@@DK-ep2ov Gold is a hedge against inflation. It's a place to park your current valuation of money as a bet against future devaluation. 2 things are certain: 1) The US Gov't is printing money at a morbid rate and does not show signs of stopping at all in the near future. 2) those debts eventually will be called in by creditors and your dollars won't be worth the shit that slides out your asshole. The Globe has universally traded gold for the last 6,000 years of recorded history. It's sought after the globe over. This is not to say investing in apartments or real estate in general is bad or that investing in a chain is necessarily a good idea. I am saying though, that precious metals are proven. When the "perception" of the economy is good precious metals dive in price as people have more confidence in the economy and it's longevity. When confidence dives regarding the economy precious metals are purchased as a hedge for inflation. Silver prices rose to almost $50/oz after the recession of 08 and now that jobs are coming back taxes are low and people have faith in the economy silver has settled back down to $16-17/oz same with gold. Prices rose to $2500/oz and now have settled back down to 1400/oz. Just keep this in mind is all I ask. Those apartments and real estate are great assets make no mistake about it. But their value are only as good as the economy if people can't work they won't be buying houses
I’m pretty blazed just sitting in my backyard watching this video and I hear the text in the video go off and I thought someone was outside my house😂 closest neighbors are a half mile away
But everyone else does. Sold a lot this year for a profit. Great passive. investment. Coins that is. Not these chains. They are just for show, but you can get your money back even for what you paid, so it’s a way to park money so you won’t spend it. That’s what rich rappers use it for, investment grade jewelry. Like diddy and jay z. Not most, 99% get ripped off.
they def buy gold, but 95% of the people that walk around with gold is not the gold the bank wants.. they want the no metals added pure gold.. you could turn your gold bars into jewelry if you find the right jeweler and not the thieves trying to maximize off of "premium" and "labor". I know a guy that charges $10 per gram to make you a pure gold chain..
I don't follow gold prices in anything under "24K" because mixed metals are worthless to bullion holders.... but for this case, if that was a 2 kilo of PURE gold, it would be 119.8k in today's price. but priced in as 14K, it would 69.838.10 (not accounting for other junk metals)
That's the dumbest idea I've ever herd... if you got that much money, get a gold rosary and get it blessed. It is very disrespectful to pray on a gold chain and guess what it's against the 10 commandments
Christopher Gresco yes u will the scrap value alone will rise above the cost of the whole chain in to 15 to 20 years all that time u wearing your chain and looking good
@@BIGTUNES2010 Maybe...the $70k that you spend for the 2 Kilo, the scap value is $55k for 14kt, you have to make up $15k alone the day you buy it...again, assuming that you can get scrap value. Most of the time they offer below it. Go try to sell a chain and see.
Funny the value of the gold shot up a little and dropped last year it was worth 80k in strap but now its like 66k in scrap. So its already gone up 10k in value...
Just wanted to say I appreciate the videos man. Been to the diamond district plenty of times and a lot of the dealers are suspect. You come across like a genuine dude next time I gotta make a purchase def going to trax
Public Service Announcement: 1) The scrap value of that gold is about half his asking price. You will most likely not get your money back from this "investment" in this lifetime. 2) Diamonds are worthless. In the next 20 years most, if not all, diamonds will be engineered rather than mined. Do not invest in diamonds, they are essentially worthless. 3) If you are looking to actually invest in gold, buy gold coins/bars. They hold their value over time unlike jewelry such as this.
@@sqzl3969 Yeah and what he's showing isn't 24k, rounds up to around 70k net during a pandemic. Once pandemic is over, it's gonna be worth around sub 40k give or take.
14kt gold is .56 gold so that 2 kilo chain is only worth 54,000 in melt at 1,500 per ozt, so you are paying the premium of $16,000, gold would have to hit 2,000 per oz to just break even, to do that in 2 years isnt necesarily likely, and i would even consider it deceptive to say that this is an "investment" if you want to invest in gold, buy bullion. Not a chain that will need to be melted down and purified.
brown tactical it’s a wearable investment you can’t wear and enjoy ur gold bar u can just look at it ur paying that 16,000 for labour and artistry you can wear the chain for 30 years and pass it on to ur kids by that time gold might be triple the price!! Unlike a car you pay 100k and it looses 10k value same day you drive it off the lot
brown tactical yes but u can’t wear ur bullion u also can’t leave or enter certain countries with a certain amount remember it’s jewlery not bullion but at the end of the day the gold in jewlery goes up with the bullion price and you eventually cover your labour
@@BIGTUNES2010 you may eventually cover your labour, but that will take years and years, im saying yhat this is much more of a luxury item as you are paying so much, for a jeweler to make the chain if the chain were made out of steel which is harder to work with and requires more machinery it would cost a buck or 2 over melt as opposed to $15,000
This guy is smart for teaching people about this, he probably is getting tons of customers from these videos. Pay Attention and you might learn something.
How much could you make back if you buy the iced out chain but than take the stones out and melt it I mean prolly take a loss but actually how much will you lose?
what id give for a cuban specifically from this guy he makes beautiful jewelery I wouldnt take it off 😡 i hate not being well off people should thank God they can afford things like this
Keeping it 💯 gold only goes up and if does go down then it's always a higher standard like if it goes down from $2000 an oz it will be like 1300 or 1400 and ounce standard increasing from the 1200 or 1250 standard before the corona pandemic
Don't only buy bitcoin and store, waiting for the time to sell it at a higher rate / price, that isn't much impressive... There are trading strategies you could use to make profits as long as you want
Hello I'm new to bitcoin trading and I have been making huge losses but recently I see a lot people earning from it, please can someone please tell me what's going wrong
Bro just tell you want to sell chain because if you want people to hedge money you would tell them to buy Gold bullion bars and coins. If they want use of it you would tell them to buy 22k gold which have less premium compare to 14k and 18k gold . In that way they can buy and save money and get more gold and use less space for those alloy.
Jaythan Rangel in the jewlery business 10k and up is considered gold .. the chain is just 14k gold so you will knw how much percentage of pure gold in it
It’s not pure gold 24kt so it’s not gonna hold that value plus your prices are marked up extremely high so you can bring it down a little making the customer think he’s getting a deal but you are still way too high. I know because I negotiated with one of your employees on an item that was waaaaay overpriced. Not good business ethics
To be fair gold isn’t a good investment. It could be better than holding cash, especially in times of inflation, but long term it trails the stock market by a lot. Trading small amounts of gold fees kill most gains. Compare the SP500 to the price of gold at 2, 5, 10 and 20 years….Gold looses big time.
@nancy lovely Hey dude, this is 2020. People who aren't even trãdêr's make money from the cryptø and Førex mãrkēts and moreover there are already financial ænālysts and trãding expërts(PhDs) who have shelled out theories and ideas for years on how bit coin technically grows.
If you think you're too lazy to trade or learn how to trade, just know I have some friends who invest in a platform where and experts devotes their time and help them trade and they get paid profit every week
@@d_ken My trading mentor; Dr.Mrs Lydia Virginia Woodruff runs and investment platform like that, I paid in €23,500 just last week though its not the first time, and I got a paid profit of €49,600. It's been an amazing experience with her
Right now that regular chain is worth about 63,000 in gold so you're charging 7000 to make the chain that's not a good investment bullion is a better investment
Yes simply because it’s less labor vs some one making a fucking huge ass chain. The reason why it’s an investment because will all the pure grams of gold it will hold that value over time, if the economy dives than gold rises and vice versa but all your doing is parking your savings somewhere and with jewelry it’s not so much of the thought “best investment” but your holding it’s value but able to wear it aswel
