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.
Gold Quality:
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.
European Markings:
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%
· 12K gold is marked 417 for 41.7%
Genuine
gold jewelry should have, in addition to the karat marking, a hallmark
or trademark that identifies its maker. Sometimes the item's country of
origin might also be included. The hallmark or country of origin may
sometimes be left out in very small and delicate pieces of Jewelry.
Colors of Gold:
Pure
gold is, of course, gold in color. However, gold can be made into
jewelry of different and exciting colors by adding different metals to
it. When other metals are added to pure gold the result is called an
alloy. Any gold alloy from18K, down to 10K can still be called solid
gold. Anything less that 10k is not solid gold.
White Gold: Created by adding Palladium or Nickel to pure gold.
Rose Tint Gold: Created by adding copper to pure gold.
Greenish Cast Gold: Created by adding silver to pure gold.
Gold Coated Jewelry
Applying
a coating of gold on lesser value metals has always been a way of
producing jewelry that looks as valuable as gold but not as expensive to
manufacture. This is OK as long as the buyer is aware that the piece of
jewelry they are buying is not SOLID gold and as long as they are also
aware of the quality of the plating.
Gold Filled Jewelry:
Gold
filled jewelry is usually 14k gold heavy-layered over sterling silver.
More recent gold-filled jewelry have markings that indicate how much and
what type of gold was used for the layer. A marking that says 1/20 12K
G.F. means that the jewelry is at least 1/20th 12K gold by weight. Gold
filled jewelry generally retain their coating longer than gold plated
jewelry.
Gold Plated Jewelry:
The gold layer in gold plated
jewelry is usually thinner than the gold in gold-filled jewelry. This
means that the goal plating usually wears away more quickly. However,
all gold plating is not the same. Some will be thicker and more even
than others and thus may provide you with long lasting true gold finish,
sometimes comparable to gold-filled jewelry.
Dangers to Watch out for
Gold
plated jewelry can provide a great deal of satisfaction and joy to the
buyer as long as they know what they are buying. It is unfortunate, but
there are still unscrupulous people out there that try to pass off gold
plated jewelry as solid gold. The only way to protect yourself from this
is to look carefully at the markings on the jewelry; observe the color;
feel the weight in relation to the size of the jewelry; and most
importantly, know whom you are buying your jewelry from. If you’re not
sure take an expert with you when buying.
So Now You’re Ready To Take The Step
When
buying gold always aim to buy solid gold if your budget allows. This
will last you a lifetime, many lifetimes actually. Anything from 10k to
22k or 24K is good.
If you are allergic to nickel or other metals
then you should aim to buy the higher karat gold jewelry such as 18k or
22k gold. It will cost more but you can offset this by buying a smaller
piece of jewelry or by buying fewer pieces and only buying ones with
higher pure gold content. Your skin is still your most important and
valuable piece of jewelry and you should treat it accordingly.
Gold
plated and gold-filled jewelry is great for fashion jewelry that will
not be subject to heavy usage. And oh yes, try not to wear your gold
plated or gold filled jewelry when washing up or using any form of
detergents. Although not as valuable or durable, gold plated and gold
filled jewelry are cheaper and can last for years if treated kindly.
When
wearing Jewelry always remember that a confident and happy wearer can
make almost any piece of Jewelry look more beautiful and valuable.
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