BEFORE BUYING GOLD

BEFORE BUYING GOLD
27 December 2020

GOLD IS THE ULTIMATE IN LUXURY

Gold will always be in fashion. Soild gold jewellery is a purchase that you will be able to enjoy for life, even generations, so before you make purchase you can read about the various available gold standard. Below are the basic facts that everyone should know about gold and what to look out for as a buyer.

The main facts that everyone should know about gold.

GOLD IS MEASURED FOR 24 PARTS, AND 24 CARAT IS 100% GOLD

The higher the carat, the more valuable the gold. The addition of other metals (alloys) to gold is to increase the strength and hardness of the metal, to change the colour, i.e. white gold (palladium or silver) and rose gold (copper) and in case of lower carat gold, to lessen the cost.

18 carat gold is 75% pure gold (18 parts out of 24 pure gold and 6 parts alloy).

14 carat gold is 58.5 pure gold (14 parts of 24 pure gold and 10 parts alloy).

These are the most wedely used jewellery alloys in Europe.

18 carat gold is ideal for allergy sufferers as it not cause allergic skin reactions.

CARAT IS MEASURE OF PURITY

In most parts of the word, the terms carat and karat are used interchangeably ( in the USA the designation for gold fineness is karat). Both carat and karat are derived from the word for the carob seed, which were used as measurements of weight in Oriental markets.

The weight of the gold in jewellery is measured in grams. Most countries require that each item of jewellery be clearly stamped with its carat, which is usually controlled by marking. Gold prices fluctuate depending on market demand.

HALLMARKS

The distinctive sing is a guarantee for the purity of the metal. Hallmarking is a system that originated in London's Goldsmiths'Hall in the 14th century. The metal and fine mark for 18 carat is 750. The mark for 14-carat gold is 585.

Gold is a beautiful, previous metal. This is an investment you will enjoy for a lifetime. This is a luxury that retains it's value.

Buying a friend or loved one of original jewellery is a gift that is literally meant to be paid off at some future date.

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