Menē: Disrupting Jewelry & Gold Investing
Рет қаралды 20,601
Күн бұрынMenē is a DTC jewelry startup selling 24Karat gold and platinum. Menē is bringing back the tradition of making jewelry investable, with transparent metal values and pricing. In just two years, the company has scaled to a $20M+ revenue run-rate, and is growing at 80%+. I love the vision and became a shareholder after owning my own chain for 8 months :)
HyperChange X Menē $50 discount code!!! ➡️ mene.com/?promo=HyperChange
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LINK - Mene Investor Relations: mene.com/investors
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Music by Marko: / markothedon & Fritz Carlton: / fritzcarlton
Disclaimer: This video is purely my opinion and should not be regarded as factual information. I am not a financial advisor. This is not a recommendation to buy or sell securities. Do not assume any facts and numbers in this video are accurate. Always do your own due diligence. As of 08/18/2020 HyperChange host (Galileo Russell) is invested in shares of Tesla (TSLA), Mene (MENEF), Spotify (SPOT), Arcimoto (FUV), Snap (SNAP) and long the crypto currencies Bitcoin and Maker. Galileo is also an investor in SpaceFilche LLC, an SPV that owns SpaceX stock.
@HyperChangeTV 4 жыл бұрын
Menē X HyperChange $50 Code :) ➡️ mene.com/?promo=HyperChange
@lk2176 4 жыл бұрын
Gali, can you please let us know which chain you bought? I want something similar in size. 💭
@HyperChangeTV 4 жыл бұрын
@@lk2176 18 inch rounded box chain
@andrewmiller2591 4 жыл бұрын
Sounds like a great company, will check it out. If you are in touch with the owners it might be interesting for them to think about accepting crypto: (btc/eth...) for their jewelry. Would bring in a new group of customers and be a great pr piece to get attention to their brand/stock. Love the Vids
@charliecox1627 4 жыл бұрын
@@andrewmiller2591 Would love to buy with Eth :) The Mene fee would make money laundering much less appealing.
@charliecox1627 4 жыл бұрын
@@andrewmiller2591 Just checked. They accept BTC, but will only refund in Mene credit
@sydneybencriscutto5086 4 жыл бұрын
Legit have been considering this since March.. Once I learned how worthless my 10-14k chains were I had to find something that wouldn’t be a waste of money.
@mattobadia 4 жыл бұрын
I'm surprised to see Gali of all people hyping Mene. I've known about the company for a while through Peter Schiff. Didn't know they were public though. I have a goldmoney account.
@2nd3rd1st 4 жыл бұрын
Your color scheme is killer in this vid, slate gray/gold tones.
@123afekete321 4 жыл бұрын
Really interesting. I have a long and painful history with gold having been sold on gold by my father as a young boy. I bought gold in the 80's at $500 per ounce. It was a stupid investment for a young man considering the alternatives at that time that could have made me rich (AAPL or MSFT) or even just investing in the S&P 500. Gold is not an investment - at best it's insurance. Having said that, Mene's approach makes sense. Having a bit of bullion locked up in a vault somewhere in the event of an apocalypse? Good luck getting it - might as well just throw that money out the window. 24K jewelry you can wear makes more sense. My great grandfather kept my father's family alive during the European hyperinflationary years of the 1930's by clipping links off a gold watch chain.
@nicosmind3 4 жыл бұрын
Well gold is savings aka money. Its not an investment but mining, royality, and other sectors exposed to gold are investments
@123afekete321 4 жыл бұрын
@@nicosmind3 Hah, I challenge you to take your bullion to Starbucks and buy a coffee. So, is it money in a conventional sense? I'd say no. Is it savings? Pretty lousy as a savings instrument for the average person if you ask me. And gold mines - highly speculative and risky full of all forms of swindlers. Better to go to Vegas.
@jackwilliamburgess 4 жыл бұрын
Gold is a store of value, much better at this than cash which depreciates overtime in purchasing power. It's also an investment, just like art and fine wine and should really be part of a balanced portfolio. The top performing asset class in the last 11 years, better than the S&P 500.
@123afekete321 4 жыл бұрын
Jack Burgess Total rubbish - it is a super volatile asset which makes it highly unsuitable as a store of value. I’ll buy the argument that it’s effectively insurance against economic apocalypse, but in that scenario no point having any more than you can have immediate access to.
@bjarke7886 3 жыл бұрын
@@jackwilliamburgess its a pretty good store of value and on average gold prices have increased, although much much slower than stocks.
@TeslaonFSDNYC 4 жыл бұрын
I believe the founder is the great granddaughter of Picasso! True story.
@2nd3rd1st 4 жыл бұрын
I believe he mentioned that and showed that, true story ;)
@TeslaonFSDNYC 4 жыл бұрын
2nd3rd1st yeah heard it later on in the talk 😎
@SejalPatelDrSej 4 жыл бұрын
The pure gold looks way better. It feels heavier in your hand... and it stays FRESH
@Will-be-free 4 жыл бұрын
You must have really precise senses to feel the difference in weight between 18K gold and pure gold. 18K gold is maybe 15% lighter.
@SejalPatelDrSej 4 жыл бұрын
Feel some first then comment... it’s not about crunching numbers
@LeroyBrown 4 жыл бұрын
Is there a international east based gold jewelry company you recommend?
@SejalPatelDrSej 4 жыл бұрын
787.478.6899 Whatsapp at least from my experience in the East these, things are often made bespoke... often by melting pure gold coins etc
@LeroyBrown 4 жыл бұрын
@@SejalPatelDrSej yes, lots of opportunity for that. Thanks for sharing your experience
@frapeyou 4 жыл бұрын
Mene is amazing, bought a heart from them and ya its "more expensive" but your jewelry is actually worth something
@ecor150 3 жыл бұрын
14k and 18k jewelry seem to be more expensive than 24k jewelry
@adrianfortmoviereviewsbook9821 4 жыл бұрын
"Navy seal in-person retail strategy," is not a term I thought I would ever hear in my life.
@AMortalDefiant 4 жыл бұрын
I picture a sales associate in a gilly suit appearing out of nowhere... lol
@adrianfortmoviereviewsbook9821 4 жыл бұрын
@@AMortalDefiant all I can picture is Jocko, "Got a new sales strategy, boys. Make sure she's loaded."
@MrCBunny2 4 жыл бұрын
This video is awesome. Love the enthusiasm and learning about these types of hyper-change-driving, disruptive companies *EARLY* is why I subscribe. That's a big thumbs up from me, dawg.
@matthewadams3438 4 жыл бұрын
Gali, I've been trying to get my friends/family to shop MENE for their gold jewelry. Some jewelry stores are selling 10k gold which we tested and it turned out to be closer to 9k gold which is more than 50% not-gold. Gold would have to triple in price to break even.
@datacourier2944 4 жыл бұрын
I wear every single chain, even when I'm in the house. Started from the 52W low, now we're at all time highs.
@bikyahmad7986 3 жыл бұрын
I found out about menē a 2-3 years ago and I have never been disappointed with my purchases with menē. Plus when you rate a purchase they also give you in store credit as well. Which is awesome. Absolutely love this brand. Countries in Asia, like India and Pakistan have been making and prefer jewelry in 24k gold for centuries and over there any less gold is un sellable. And over there gold jewelry has been used as an investment for centuries as well. But what I like about menē is that I can get a more western style jewelry.
@johnnewbegin8971 4 жыл бұрын
What a great video Galileo. Something totally different. Fascinating find
@nahiag 4 жыл бұрын
My engagement ring is from Mene, great company, great customer service. I'm sold on Mene and Ive talked about them too!
@theendoftheworldasweknowit9894 Ай бұрын
I love that you understand the beauty and value. I LOVE Mene it will forever be my favorite jewelry brand.
@RosscoAW 4 жыл бұрын
Can't wait to see Gali get more bling with all our referrral promotions. HyperChain gang what what
@domgia9248 3 жыл бұрын
Every new video about Mene he'll have one extra chain.
@HyperChangeTV 3 жыл бұрын
✨
@brettneff7900 4 жыл бұрын
I really like the idea of heritage products - really high quality long lasting products that have value and can be passed down! Great video!
@nicosmind3 4 жыл бұрын
Passed down tax free and not declared to the government, its worth it for that!
@nicosmind3 4 жыл бұрын
Passed down tax free and not declared to the government, its worth it for that!
@vmxx345 3 жыл бұрын
@@nicosmind3 With 40% mark up not sure if this is a good idea.
@scott2869 4 жыл бұрын
Picked up some MEMEF shares this morning. Already up 20%. Thanks Gali ;)
@BronKobe694 3 жыл бұрын
Where did u buy this? Can’t find it on Robinhood
@frcgfd107 4 жыл бұрын
This was a great video, You are diversifying your investments while investing in one company in two different ways! Great job finding out about this and thank you as well.
@fanboy-industries 4 жыл бұрын
It looks cool but the gold value is about 70% of the selling price. Nothing wrong with that, but you are paying 30% for the jewelry value, 70% for the gold.
@saintnico6268 4 жыл бұрын
Still a lot better than any other jewelry seller
@fanboy-industries 4 жыл бұрын
@@saintnico6268 - good point.
@MDbinge 4 жыл бұрын
Buying physical gold or silver you pay a premium over spot of around 10% so Mene pricing really isn't bad
@ricois3 4 жыл бұрын
Most jewelry is x2.5-x3
@TF-Times 4 жыл бұрын
Right. This is a jeweler purchase that also has solid intrinsic value. Interesting.
@CaseyBurnsInvesting 4 жыл бұрын
This is a much better way to buy physical gold than an etf imo.
@635574 4 жыл бұрын
And was it Buffet or Soros or both that bought gold mining company recently?
@CaseyBurnsInvesting 4 жыл бұрын
635574 Buffett
@bobfromcalgary8453 2 жыл бұрын
Hurry up and take my money. Having sold cars 15 years ago I find it very hard to pay retail. With Mene. I’ll have no problem this time. For example. I was going to buy a gold bar pendant that was 14 k 29g for 3000 after finding this website I’m now going to buy a ring that’s it about 30 g for 2220 and it’s 24 k. I found my jeweller and will tell anyone that will listen
@sagarmeena0210 4 жыл бұрын
my mom has been a big investor in Gold jewellery.....she will love this way of buying jewellery and keeping a tab on her investment
@cleanitup_pls7893 4 жыл бұрын
I have held 24k gold coins for 40 years and sold them last year. Bought some Tesla stock with the proceeds and you know how that turned out. I made a very small gain on the gold and probably lost purchasing power so am not sure it is a hedge against inflation unless you buy low. If you like jewelry though, then this is probably the way to go.
@legendsofhollywu6517 3 жыл бұрын
Ive been purchasing from Mene for 1 year now and have accumulated 29 pieces. I did unboxing videos for all of them also.
@brettneff7900 4 жыл бұрын
Wondering about the potential to make a market for these products - owner to owner take out the middle-man (to some degree)? What do you think?
@JIYkp 3 жыл бұрын
I'd also be really interested what the process of selling/buying a Mene piece from another owner is.
@skyeparker5822 3 жыл бұрын
One problem with the apocalypse insurance - Everyone will know you have it if its an art piece. Smart preppers know to hide their goods. Although I suppose one could just hide it... Thx for another banger company!! You always bring the heat!
@hanshuihuihui8718 4 жыл бұрын
Damn! Mene is a pretty nice company AND a good opportunity to invest. Thaaanks a lot for the vid 👍
@JIYkp 3 жыл бұрын
Here's some more ideas: - Jump into wedding/engagement rings. Men are usually the one that pays for the rings, and 90% of them know what a waste of money the hunk of rock is that loses half of its value off the lot like a car. If you can actually track the value of the ring, ALL men (and even some women) would be far more inclined to purchase their rings from Menē. - Allow brand/logo customization. Companies could do limited edition sales of branded rings/pendants/etc. or even give them as executive bonuses. - Get into watches. That is one dedicated community, and collaborating with established player or even a startup to make investable time pieces that have value beyond the brand itself would be amazing.
@RosscoAW 3 жыл бұрын
All of the above. They've got to be planning to do this at some point. Watches would require a larger scale company or larger brand recognition to justify partnerships etc with watch producers (I expect), but I'd love to see like that.
@NathanArizona 2 жыл бұрын
I just purchased a wide band 24K gold ring. Very happy with Mene!
@ataberknalcakar 2 жыл бұрын
I bought a Mene rounded box chain. I wore it only twice; once to go out, and one full day (to the gym). One of the links got messed up only after two times of wear. I cant think of anything that got into direct contact with the chain. From personal experience I disagree with your statement. 24k gold is not as durable as Mene advertise it to be. Thicker chains? Sure, paybe they will hold up better. But a 2mm chain is not thick enough to be worn everyday.
@MurkedStat 4 жыл бұрын
AYYYYY, HOPPING ON THE PETER SCHIFF TRAIN!!!!
@alexycho 4 жыл бұрын
Another great video, thanks HyperChange!
@maxr394 4 жыл бұрын
Very interesting, love your vision and enthusiasme keep it going :)
@alexsamari3667 4 жыл бұрын
Amazing video!🔥🔥🔥
@letsbecomebillionaires-bks3975 4 жыл бұрын
Digging the video and the haircut my man! Definitely looking Fresh
@Joseph-ku1ph 3 жыл бұрын
what size chain are you wearing in the video, 21inch or 18inch?
@eliasattal3205 3 жыл бұрын
The discount didn’t work for me why?
@prod.intravert1546 4 жыл бұрын
This is crazy I was hoping there was a business like this I’m gonna buy one soon
@vmxx345 3 жыл бұрын
Hope you already did, because they charge 40% mark up now.
@gerald2851 4 жыл бұрын
This is cool as hell. I may need to upgrade from my Aldo chains 😂
@chuckdevries3244 4 жыл бұрын
Thanks for code. Just bought a chain for wife's birthday.
@goukwapanzy 3 жыл бұрын
I like the current HyperChange logo.
@dungdoan9830 3 жыл бұрын
This is why I like 24k anything lower like 14k and 10k is just water down stuff 😁
@VilleHyytiainenInvesting 4 жыл бұрын
Peter Schiff approves this video
@JB78ization 4 жыл бұрын
I've been taking my gold chain out surfing for the last few years. The big days I do take it off just to be on the safe side. If I ever do lose it I'd just be pouring for the homies. I live near the treasure coast of Florida and there is plenty more where that came from, haha!
@Alexzw92 4 жыл бұрын
Great Work Gali!
@stanbrand1 3 жыл бұрын
I recently bought some menē jewelry. Let’s see how it is.
@brettneff7900 4 жыл бұрын
Yeah collab with crowd-based design would be cool too
@ishanupadhyay5697 4 жыл бұрын
This kind of thing is pretty common in India, but it does not happen online. A lot of people like to touch and feel the costly things that they buy... especially gold which is bought only on special occasions.
@etchasketch4 3 жыл бұрын
I like Mene's image with this art-collector echelon.
@koohami 3 жыл бұрын
just got my mene bling today thanks
@sharingallgoodfruit8513 3 жыл бұрын
I went on their website and their inventory right now is VERY LIMITED. They have very few items and sizes. I'd like to see more variety.
@KevinRynd 4 жыл бұрын
I'll admit, I never noticed your gold chain nor ever thought you looked fresh
@Arachnoidarachnoid 4 жыл бұрын
Hi Gali, your work is much appreciated. I was wondering, what is your opinion on Novonix vs Talga? Any chance you can make an episode about that?
@Schlitzerix 4 жыл бұрын
Gali pumping the stock. Up 30% already :D
@heinzn6272 4 жыл бұрын
“As a pimp I’m always looking for fresh” thanks for the hookup G
@TheTeslaTess 4 жыл бұрын
I just checked the chart from Mene Inc and I am surprised to see it is pubic since 2005 already and down 99.7% from it's highest peak
@TheTeslaTess 4 жыл бұрын
why is that?
@U_1984 4 жыл бұрын
@@TheTeslaTess I mean it went down big time from 525 to .41. Thats a huge drop - worth investigating.
@burundi8909 3 жыл бұрын
i had a custom 24k chain made 5 years ago still wear it daily !
@lenojewellery4362 4 жыл бұрын
Traditionally especially in Asian culture your savings account is in gold jewellery. If you go to those countries, what Mene does is nothing new. But that culture really doesn’t exist here so it’s nice to see that. Having pure gold or plat is great for investing but not great when you want gems in your jewellery. That’s why gold and plat is mixed with alloys to give it the strength to set a stone like a diamond. So, unfortunately that will be a part of the market they wouldn’t be able to access which actually is the majority of jewellery sales. If they ever did open retail locations, they wouldn’t be able to keep the 20% mark up that would have to increase. So, hopefully they could just stay as an online store. Overall, very cool concept, but probably wouldn’t disrupt the jewellery industry. IMO
@funitoo 4 жыл бұрын
a gold chain over a Walmart t-shirt makes all the difference :D
@TPaternite 4 жыл бұрын
What service would you recommend to invest in OTC stocks like this one?
@cheekblvd 4 жыл бұрын
This is actually pretty cool.
@pdadey 4 жыл бұрын
Finally Gali unchained :-)
@bigalghe2627 4 жыл бұрын
Wow what a coincidence I was talking about this stock to my fund’s partner just the other day! We invest in mostly TSXV stocks, albeit pure primarily gold & precious metal miners (& been doing rather well of late ;)...so not invested in Mene but in my view its a very interesting concept & a very different approach to an industry that has overvalued craftsmanship (without detracting from it) to the value of the underlying metal...to me gold is a currency and as an investment jewelry should trade to this currency as closely as possible.
@bigalghe2627 4 жыл бұрын
Ah Gali forgot to mention I am Italian, we have fine jewelry in our blood. We should form a transatlantic alliance & conquer the other side of the pond ;). Definitely space for other market participants in this space (& I take inspiration from a ring I bough and sold at an 80% discount)...
@Not_An_Alien 4 жыл бұрын
Thanks for the info, I always thought a gold chain would be a good investment for the apocalypse but buying it without a degree in metallurgy seemed too risky.
@hgm8337 3 жыл бұрын
Paul A. Ok, just wiki ‘gold’ and read that it’s an inert element... no need for a metallurgy degree amigo
@machtundrebel3127 4 жыл бұрын
Dear Gali! There is one thing that you should improve in my opinion, and that's the sound quality. Usually I'm not thinking a lot about sound, but everything you do is so professionally fresh and I think a great sound is just you. You know, just quality. I know you don't have a cheap setup, so either it's just me or maybe its the acoustics of the rooms or smth. Anyways, great videos, thank you!
@HyperChangeTV 4 жыл бұрын
I tested a new mic for this setup. Thank you for the feedback!!!
@erik6690 4 жыл бұрын
How much do you know about GoldMoney's strength as a company? I'm not trained to evaluate financials like you, but it seems like we should have high confidence in all of a CEO's companies to be willing to invest in one of them. I love this business model of Mene and really appreciate this video! I am trying to learn as much as possible about them and their leadership. Looks like their CFO helped run a failed AI based travel business not too long ago. Their CEO seems like a really really smart guy but I can't wrap my head around why he has so much faith in gold as an investment over fiat currency.
@ken-mb5cp 4 жыл бұрын
sounds dope Galli thanks.
@bluejackscanada 4 жыл бұрын
Gali moving Penny stocks like Jeremy of Financial Education. LOL! I think i will pass on the 30% run up from Robin hood investors.
@RosscoAW 3 жыл бұрын
Very fair, and why I'm "waiting" to buy the stock (if at all). Their products themselves are actually very compelling, from the perspective of a millenial looking for jewelery that isn't actually value-less trash.
@GeeKayKayGee 4 жыл бұрын
How does Menē protect themselves from buying back jewelry that has been adulterated? Or how do I ensure that the jewelry I buy from Menē is pure 24 Karat, ensure that it has not been adulterated?
@hgm8337 3 жыл бұрын
Kindly explain how to adulterate a branded 24k gold chain? Melt it, mix in base metal, remelt it, cast it into exactly the same shape and size chain, and then hope that they don’t notice, perform a metallurgy test, or simply reweigh it? Is that what you are worried about? 🤣
@nicosmind3 4 жыл бұрын
I first heard of Menē cause of Goldmoney :)
@TeslaonFSDNYC 4 жыл бұрын
Used their service first year the hit the market, love the company vision and their products are creative and lavish. I believe an app would be a great addition.
@vmxx345 3 жыл бұрын
They shut themselves in a foot start charging 40% mark up.
@karenterrell1077 3 жыл бұрын
Great video!
@movingtorichmondva 6 ай бұрын
I just bought my first mene piece! i have the box chain. i wish they sold the Italian horn pendant. I'm gonna suggest that to them.
@cryptojak3820 4 жыл бұрын
Ok Gali, we see you 👍, thanks for the information💯 3 birds with 1 stone
@ecor150 3 жыл бұрын
I wear my mene pieces everyday also, I don't want to take them off lol. They still look new and have them for months now.
@vmxx345 3 жыл бұрын
Gold maybe, platinum doesn't looks good after short wearing.
@ecor150 3 жыл бұрын
@@vmxx345 my gold pieces that I never take off still look new, I don't know about platinum as I don't own any
@vmxx345 3 жыл бұрын
@@ecor150 I mainly wear platinum and bought from MENE because markup was only 28%
@UncleSaif 4 жыл бұрын
MENE markup is huge if you compare to the spot price of gold. Additionally 24k is "soft" and will wear down over time especially a ring or bracelet. Buying gold coins and bars offer better value as an investment and hedge against a paper dollar.
@hgm8337 3 жыл бұрын
Denmark Vessey or the miners themselves tbh
@Galvin8 4 жыл бұрын
Wasn't this company founded in 2016? When I google Mene share price, I see the stock price history dating back to 2002. On Yahoo finance, it dates back to 2012. Am I missing something?
@sec6290 3 жыл бұрын
I have listened for over 14 minutes so far and have not heard just the basic information about your chain like it’s length? I would have preferred knowing this up front as well as the name of this specific chain.
@DanielRut 4 жыл бұрын
Long term this isn't way to go... The second major plans start to mine high quality metal based astroids these markets will become extremely unstable
@HyperChangeTV 4 жыл бұрын
was waiting for this comment :)
@SejalPatelDrSej 4 жыл бұрын
We will all just be way more blinggged out !
@hgm8337 4 жыл бұрын
🙄🤣🤣🤣🤣🤣
@Suds1407 4 жыл бұрын
In like 30 years though
@nicosmind3 4 жыл бұрын
Science geek who knows enough about mining. Asteroid mining wont be a thing for a long time, if it ever becomes a thing. I would assume we would basically have to dry up on Earth, and that would mean ocean mining becomes a thing first, before the energy values allow it to become a thing. And if things are that bad get off Earth
@thicktankrider 4 жыл бұрын
This Bling Bling is way too fresh for me :-D
@OraneenarO 5 ай бұрын
Mene fee is approximately 48% now. Far jump from the 20%. Still looks like great jewelry and much better than 10k crap in jewelry stores but imo not quite an investment anymore. Just good quality jewelry.
@tristanolarti9671 4 жыл бұрын
May buy the jewelry. Not sure about MENEF. Cool idea of wearing your investment but the branding needs a big push to become iconic and lasting. Tiffany and Rolex command the markup due to the branding not the precious metals. Same like Ferrari and McLaren, it won’t beat a Tesla Roadster by specs but brand is on another level.
@slawhdawg3131 4 жыл бұрын
Stock up 35% today.. you moving markets over here??
@daisymae0 4 жыл бұрын
That chain makes you look really great😊😜😊
@EnlightenedSavage 4 жыл бұрын
Very interesting
@Readyteddygo 2 жыл бұрын
Howdy there. Do you mind me asking, what inch length chain is that?
@steaklover948 4 жыл бұрын
Looking cool.
@Tame_the_WACC 3 жыл бұрын
As a customer, it's great. But is there any barrier to entry, thinking as a potential investor?
@ricois3 4 жыл бұрын
As a jeweler, I don't know how they do it. Those margins are craaazy low. But I must admit their products are very simple and probably very very automated.
@vmxx345 3 жыл бұрын
Don't worry, won't last long with 40% mark up they start charging recently.
@ricois3 3 жыл бұрын
@@vmxx345 It was 40% (x1.4) when I wrote that comment. For jewelry that's crazy low. But they get the gold for really low, have big volume, everything is probably made by machines and quality not super good quality (I'm speculating from the pictures I've seen, I have not seen one in real life). That said, they sound like good investment if you can resell it retail price or maybe x1.25-1.3
@vmxx345 3 жыл бұрын
@@ricois3 3 month ago I got chain and charm with 28% markup from them.
@michaelchae4742 4 жыл бұрын
Gali how do you think Shopify stacks up against Apples services bundle?
@avo_music 4 жыл бұрын
you made me want a chain and I'm not even a chain guy
@evanlee8165 3 жыл бұрын
Do you know how much mm that chain is?
@GregoryLamoureux1 4 жыл бұрын
Buy-back for 10% less than the price of the gold sounds like too much. The re-forging cost should be low because it's 24k already, plus they're already charging a significant margin for new jewelry sales. I'm not sure what normal shops offer for regular gold buy-back.
@zwanz0r 4 жыл бұрын
Omg, my boi Gally looking so fresh it hurts my eyes! 😎
@rtanaka 4 жыл бұрын
How much market value in Mene stock is gonna be created tomorrow due to the Gali bump!?!
@alohabluewave 4 жыл бұрын
wouldnt there be a prpblem with their inventory if gold loses value as it is historically cyclical?
@IllumTheMessage 4 жыл бұрын
Brilliant
@mitchdickler3653 4 жыл бұрын
Gali, love your stuff. On this topic however, you are off base a little bit. Regardless of how little wear you have seen in your chain in 8 short months, your gold "investment" chain is slowly wearing away as the links rub together and move. Over time that movement is scraping away metal from your chain and it will loose weight. It will wear away over time because 24 K is so soft. If you were talking about a big chunky ring or pendant perhaps the wear would not be as noticeable to you. A 24 K chain is a huge mistake if you are wearing it everyday and never taking it off. Chains are better when made out of lower karat because those additional metals added also add strength. As an investment a 24k chain is a bad idea. A ring, pendant or earrings are a much better idea. As a Goldsmith doing jewelry repairs since 1980, I know of what I speak....Peace!
@poulay2501 3 жыл бұрын
This is the most important comment on this video.
@Eric00700 3 жыл бұрын
I think your off because in Asia 24 karat gold necklaces and bracelets are passed down generation to generation, its clear western jewelry companies are ripping off consumers with huge mark ups.
@mitchdickler3653 3 жыл бұрын
@@Eric00700 that may be true, I can only speak from experience as a jeweler working at the bench since 1979. It may be that the 24kt jewelry you are speaking of was much thicker heavier links which are not made today due to the high cost of gold and labor. Again, I am only speaking from my experience.
@jhill1986 3 жыл бұрын
MORE PEOPLE SHOULD READ THIS COMMENT!!!!!
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