Tool Kit | wealthymatters

Jewellery From Recycled Silver

February 23, 2013 1 Comment

wealthymatters Melting down old jewellery,utensils and coins to fashion new jewellery is old hat in India.Local craftsmen do this routinely as their customers periodically refashion their jewellery.

But in the last few years,the higher bullion prices have made melting old zari,a profitable source of recycled precious metals.Hence the increasing popularity of buying old silk saris these days.‘Zari’,for the uninitiated, is silk thread, twisted with a thin silver wire and then gilded with gold.It is interleaved with the silk weave to create the designs or motifs on sarees like the Kancheevaram.

As an aside, in case you are thinking of buying/selling zari items here is some useful information :By custom, 1 Kg of zari would have approximately 500 gms of pure silver, around 5-51/2 Gms of gold.The cost of the saree depends on the purity of the zari. But now a days the quantity of pure metal used is less – only 420 to 470 grams of silver and 3 to 3.5 grams of gold.And if you go for the gold standard in hand loom silks, as per the Geographical Indication (GI) label, a Kancheevaram saree should have 57% silver and 0.6% gold in the Zari. The Tamil Nadu State government has relaxed this ruling to 40% silver and 0.5% gold,to protect weavers in the face of the increased price of bullion.So good luck haggling for the recyclable metal. Read more of this post

Filed under Alternative Assets, Precious Metals, Tool Kit Tagged with buying old zari, designer jewellery, ecofriendly jewellery design, GI Indicator, Gold, gold and silver cotent of kanchipuram saris, investing in kavchivaram saris, kanjeevaram sarees, postaday, recycled silver, recycled silver jewellery, selling old zari, Silver, Suman Mishra, the value of old zari

How To Achieve Your Dreams

February 22, 2013 4 Comments

Think as a farmer does to realise your dreams: act, wait, harvest.

Here is some excellent advice from Alex:

Dreams are seeds waiting to be planted in the field of life.Think as a farmer does to realise your dreams: act, wait, harvest.

Take action to achieve the dream.

Sow nothing get nothing. Do nothing get nothing. A farmer won’t grow a harvest if they plant no seed. Your dream has to be seeded by taking action.

Be patient.

There is no such thing as instant grow seeds. Seeds sown in spring wont be ready to harvest until many months later in late summer. Once the seeds are sown nature takes its own course, patience is required.

Seize the opportunity.

You have put in the work, you have waited patiently and now you harvest the results. Once the crop is ready it has to be harvested, waiting too long the harvest is lost. Regret follows those that despite initial good effort failed to seize the opportunity to make their dream a reality at the harvest time.

Filed under Entrepreneurship, Theory, Tool Kit Tagged with how to achieve your dreams?, learning from farmers, patience, postaday, seize opportunities, take action, the wisdom of farmers

Ways To Avoid Becoming A Victim Of Credit Card Fraud

February 15, 2013 Leave a comment

Filed under Paper Assets, Tool Kit Tagged with Credit Card, credit card fraud, CVV number, IVR payment mechanism, postaday, victim of credit card fraud

All About Freezing Bank Accounts

February 15, 2013 Leave a comment

Freezing bank accounts is something some State authorities can do in serious cases.However,banks more often use the threat of freezing accounts to strong arm customers. Here are the ins and outs of freezing accounts.

Filed under Paper Assets, Theory, Tool Kit Tagged with charges to reactivate dormant accounts, courts, freezing bank accounts, idle inoperative or dormant bank accounts, income tax authorities, postaday, RBI, SEBI

Nirav Modi’s Jewellery Advice

February 15, 2013 2 Comments

Nirav Modi’s Golconda necklace and coloured diamond ear pendants that was auctioned by Christie’s for 16 Crores

1)Where you get your diamonds certified is a big a deal as most labs have varying standards. The Gemological Institute of America (GIA), with its stringent standards is recommended by NiravModi.

2) Diamonds are an excellent way to store wealth. They don’t leave a messy paper trail, and government permissions aren’t so stringent. Also, according to Nirav, diamonds that weigh 3-carats and more appreciate very well. Prices will double every 10 years.This has been noticed over an 80-90 year period.

3) Given the current dismal economic climate, investing in diamonds, especially coloured diamonds like pink diamonds, might be a good idea. These precious stones have been consistently out-performing gold, silver and shares in the recent past.

4) The blue Tanzanite stone, found only in Tanzania, is a great alternative to the ‘cursed’ sapphire.

5) Basra pearls are no longer available because of the situation in Iraq. So any Basra pearl necklace should immediately becomes a rare heirloom and treated with care.