Contrary to popular belief, jewelry can be a valuable and dependable form of investment — if it is acquired intelligently with a focus on current value. In fact, for most of human history, jewelry was a simple, dependable and convenient means for storing wealth in a quasi-functional form. Changes in economic models, global and domestic economies, the global fashion industry, advertising norms, and the commonality of person-to-person transactions have drastically impacted the usefulness of jewelry as an investment vehicle. These changes began in earnest in the 19th century and progressed very rapidly in the second half of the 20th century. As a result of these economic and cultural forces, jewelry investment has become less common for most of us. However, jewelry investment remains an excellent way to store wealth and insulate yourself from inflation. How do you accomplish these goals? The answer may be pretty simple: make educated acquisitions of preowned jewelry. And, we are talking about jewelry that can be purchased by the average person, as opposed to gems of exceptional rarity or museum quality pieces.