Why Should I Buy Gold?
The world has been in love with gold ever since it was discovered. It is called a precious metal because it has a high economic value and is relatively scarce in relation to the level of demand for it. Gold was the standard in which the values of many currencies around the world were based until recently; because of confidence in its ability to hold it’s value over the long haul. At times of trouble, people always default to valuable portable property such as gold, diamonds and other valuable gems.
Gold has been the preferred metal for wedding rings in the west for a long time. It is very rare that couples exchange rings other than gold rings when getting married. In fact, in some Asian cultures, wealth is transferred unto the newlyweds in the form of gold jewelry.
Gold is very malleable and so has been the preferred metal for jewelers over centuries. It also does not rust or decay. If it gets dull, just applying a quick polish restores it’s luster and shine.
Gold is virtually indestructible and everlasting.
Gold keeps it’s value over time and is easily marketable
Gold is easy to work with so you will get the most beautiful jewelry made out of gold
Everybody loves gold.
What kind of Gold Should I Buy?
Before buying gold jewelry the most important thing to ask yourself is the reason why you are buying. This is important because it will help you determine how much to budget for your purchase, what quality and type of jewelry to buy and from where to buy it.
If you are only interested in buying a gold ring for fun, then you might not care too much about the quality of the ring or the supplier as long as it looks good on your finger. If, however, you are buying an engagement ring, an anniversary ring or a wedding ring, you had better pay more attention to the quality of the ring and the service you can expect from the supplier. A wedding ring, we hope, will be appreciated for a long time and you will want your partner to know that you put some thought into the selection of their ring. You want the perfect ring so you need to make sure that your supplier has a good return or exchange policy and that they are easily contactable.
There are different qualities and colors of gold used in jewelry. The different types of gold jewelry are determined by the metals mixed in with the pure gold, and whether the piece of jewelry is formed as a solid piece, plated or maybe hollow.
Pure gold does not rust or tarnish, and people that are allergic to some metals are rarely allergic to pure gold. However, pure gold is very soft and easily bendable. It is also very expensive. So to make it practical for jewelry that can be worn everyday it is mixed with different metals.
Gold jewelry is generally marked 18K, 14K, or 10K. The higher the Karat (k) the higher the percentage of pure gold to other metals in the jewelry.
· 24K gold is pure gold.
· 18K gold contains 18 parts gold and 6 parts of one or more additional metals, making it 75% gold.
· 14K gold contains 14 parts gold and 10 parts of one or more additional metals, making it 58.3% gold.
· 12K gold contains 12 parts gold and 12 parts of one or more additional metals, making it 50% gold.
· 10K gold contains 10 parts gold and 14 parts of one or more additional metals, making it 41.7% gold.
10K gold is the minimum karat that can be called “gold” in the United States. A high proportion of gold Jewelry is made in 10K gold.
Jewelry from Europe may be marked is a different manner with numbers that indicate their percentage of gold like this:
· 18K gold is marked 750 to indicate 75% gold
· 14K gold is marked 585 for 58.5%
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