My submission to the contest - What in the world is Mene

What in the World Is Menē 24k Gold and plantium Investment Jewelry?

This research was written in simple English to help individuals to know more about Mene gold and platinum investment jewelry and to understand it better.
Over the years, there has been series of researches, being carried out on gold and other precious metals. In this research we will explain; what in the world is Mene?
Most people simply have the idea that they could store their money in form of gold, but they don’t know the importance of buying the gold, the most convenient way of buying the gold and how they would go about it. This research would simply explain all these.

Mene as a word is not familiar to most people. Therefore, we will begin this research by critically looking at what in the world is Mene? Mene is an ancient Aramaic word. Mene has different meanings. Historically, Mene was a unit for measurement, store of wealth and was a form of currency, that is, people exchanged goods and services for Mene.

For the course of this research, Mene is a newly formed fine jewelry company that produces and sells 24 karat gold and platinum jewelry through the internet. Also, Mene is basically a unit that denotes the weight of gold while Karat is a unit that denotes the purity of gold, that is the higher the karat the purer the gold. Therefore, 24 karat gold is a pure gold.

Pure gold is simply 100% gold, no trace of metals, that is no gemstones to increase the weight and no alloys to reduce the value. 24k karat gold is the highest form of gold. Gold is a precious metal which could be in form of bars, coins, jewelry.

Mene was founded by Roy Sebag and Diana Widmaler-picasso. They are both big shareholders in Goldmoney Inc. The mission of Mene is to revive the ancient tradition of jewelry as a store of value and accessible savings. Mene also has a vison of offering exceptional designed jewelries that preserves its original purchase price and also make it easy for Mene to be sold or exchanged as easy as it can be bought. Mene has a platform where customers could buy, sell and also exchange jewelries by weight at a daily price quoted by the international bullion market. Some would ask questions like, is Mene an online company? Though it’s an online company, it still has its office located at 6 place Vendome in Paris, France.

How it differentiates from current jewelry industry?

Most jewelry are rarely 24 karat gold because most craftsmen in these industry use 10k. 14k, 18k, 22k gold which are gold alloyed with other metals such as copper and silver. Beginning investors, who are obviously novice and do not really know much about gold would have no option than to buy whatever is given to them by the craftsmen. The good news is that Mene provides us with 24 karat gold which is pure gold, this is one of the reasons why mene is different from other jeweries.

Image source : Google images

Gold and platinum are both precious metals which commands better pricing than other yellow metals. Some will ask; why is it preferable to invest in gold and platinum jewelry? Jewelry is another form of gold ownership and another form of diversifying your gold portfolio rather than just having them in bars and coins.

The big question is, why is the concept of wearable wealth important, why do people prefer to invest in gold and platinum rather than other investments, or save the money at the bank? Gold symbolizes wealth, success, prosperity, authority etc. Gold has a sound financial investment, it has weight and fineness which I will call quantity, so gold is not only about the quality but also the quantity.

Investing in gold or platinum not only store your wealth but also serve the purpose of beautification. Beautification, in the sense that these metals could be worn as jewelries.

These metals could last longer because of its durability. For example, if Mrs. A has a certain amount of money and wants to invest but doesn’t know where she would invest the money, my candid advice is that she invests the money in gold and platinum jewelries, reasons being that for the value of her money, the jewelry would not reduce in quality that is it won’t depreciate, and also the gold and platinum jewelry will also serve the purpose of beautification of the body.
Let me still give this scenario, my aunty bought an earring made of gold at about $22 in 2008 and when she need the money in 2017, she sold the earring at about $86. So, we can see that the reason why she obtained the gold was because she knew the value of the gold will definitely increase over the years because the return gotten was far more than what she paid for.
Also, the jewelry beautified her within that period she used the earrings and also the quality didn’t depreciate. Countries have come in and out of power and most times the currencies losses its value. Therefore, as dollar continues to fall, gold keeps climbing to record highs. In the long run, the universal store of wealth is Gold because it’s valuable because of its intrinsic value.

This trade has been going on for years now, why don’t you benefit from it if you haven’t. Instead of purchasing bars or coins why don’t you purchase gold and platinum jewelry which is a timeless store and protection of value that you can wear every-day?
While researching, I got a question- how will the value of gold increase over time? In Basic Economics, the law of demand states that ‘the higher the demand the higher the price and the lower the demand the lower the price’ while the law of supply states that ‘the higher the supply the lower the price and the lower the supply the higher the price’. So, Gold is a rare metal, when you purchase your gold, you get an increasing value of the metal and you also get an increasing demand by future generation of gold collectors and since the old gold supply is constant with an increasing demand for gold, the value or price of the gold would increase. We can see how the law of demand and supply applies here.
I have registered on mene, you can as well register at http://Mene.com/invite/gX9qUD