If you are above 50, is it wise to buy fine jewelry?

[Anonymous]

If you've few pieces to wear and leave for kids, is it even sensible to waste more on jewelry? Would you still splurge or just enjoy artificial new jewelry and use money for travel and charity or healthcare?

[Anonymous]

My aunt had lot of jewelry and little savings. Jewelry didn't sell well.

[Anonymous]

My 75-year old Indian mother has been buying 22k gold jewelry her entire life and isn’t slowing down.

[Anonymous]

No point buying jewelry just to leave them at this stage, unless you’d like to buy a few more pieces to wear yourself.

You can buy gold, as gold bars. Those don’t have workmanship markup and are 24kt gold as opposed to mostly 14kt gold in jewelry.

[Anonymous]

It's shocking that you assume people over 50 have one foot in the grave and shouldn't spend on anything "frivolous".

Once you get to that age, I'm sure you'll be ashamed of yourself.

[Anonymous]

I buy and am given things I enjoy wearing. Period.

[Anonymous]

I love this questing because I think about it all the time. I ask my DD to pick out jewelry she likes for me knowing that I will leave it for her. Same with bags. I only buy high end ones that I can pass down. So glad I have a child who likes this stuff and will gladly use it

[Anonymous]

Do you have a lot of jewelry now or not? Can't tell. But it sounds like you can't really afford it if you have to worry about wasting it or it's a splurge. Just stick with the costume jewelry in that case.

[Anonymous]

If you are struggling between jewellery and healthcare, obviously choose healthcare.

If you aren't, buy what makes you happy. I know plenty of 50+ women who are still buying diamonds, gems and gold.

[Anonymous]

Is jewelry your thing? Do kids want your jewelry or any other stuff?
We had death in the family. Taught me to not have anything 'special' left when I die. Nobody wants my crap and nobody wants to close an estate as it takes years.

[Anonymous]

It’s never “wise” to buy jewelry.

[Anonymous]

If you love it, go for it.

I personally have stopped wearing jewelry. Never really loved it. Just wanted to accessorize.

And have been passing what i have off in stages to my DD as she gets old enough.

[Anonymous]

If it brings you joy and you can afford it and view it as a consumption good and not an investment how is it any different from travel? Different people get joy from different things-for some it’s a trip they always wanted, for some it’s owning a piece of jewelry or art they always wanted.

[Anonymous]

You're 50, not dead! You could easily live for another 35 years.

If you can afford it, then do it. Be judicious with what you buy, but please don't act like your life is over.

[Anonymous]

Anonymous wrote:It's shocking that you assume people over 50 have one foot in the grave and shouldn't spend on anything "frivolous".

Once you get to that age, I'm sure you'll be ashamed of yourself.

They've been reading about heart attacks/palpitations from shoveling snow