The cultural and sentimental value of gold means steady demand. The pandemic makes online auctions a convenient and safe alternative to buying gold."
For gold jewellery items shown on this website auctions visit https://www.allbids.com.au/c/antiques-art-memorabilia/estate-jewellery/
I was in the Emirates Lounge in Dubai. During a layover from Prague I had collected an edition of Fortune magazine before I sat down on an armchair. I looked down as throngs of travellers walked between airline gates. As I flipped through Fortune magazine, I stopped at an article by Warren Buffet. The legendary investor penned a piece on gold in his 2011 letter to the shareholders of Berkshire Hathaway Inc (NYSE:BRKB).
In that now famous letter Buffett said, ‘Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.’
Hardly a ringing endorsement of the precious metal.