These days, gold is extremely valuable, both as a commodity and as a form of investment. That’s why it’s so important for the average investor to get educated on the different types of gold available before making a purchase.
Otherwise, you might end up with a subpar product that doesn’t serve you well. And since gold can last for several lifetimes, you need to be sure that the type of gold you buy will last.
That’s why it’s crucial to educate yourself before investing in gold. Today, we’re going to explore the different types of gold on the market, so that you can be sure you’re getting the best. Keep reading to learn more!
Gold Alloys
There are two main types of gold alloys, yellow and white. Yellow gold is the purest, while white gold is mixed with other metals to create a brighter white color.
Yellow gold is often used in jewelry because it is harder than other metals and does not tarnish easily. White gold is used in electronics because it is a good conductor of electricity.
Pure Gold
Gold is one of the higher atomic number elements that occur naturally. In a pure form, it is a slightly, bight reddish yellow, soft, dense, malleable, and ductile metal.
Pure gold is a precious metal for coinage, jewelry, and other arts throughout recorded history. There are three main types of pure gold.
Bullion
It is gold that is in the form of bars or ingots. It is commonly used for investment purposes.
Coins
Coins are gold that has been minted into legal tender. They are generally used for collectors’ purposes or as gifts.
Jewelry
It’s made into various decorative items such as rings, necklaces, and bracelets.
There are also a variety of tools used in mining operations such as water pumps and pipes. However, some people use gold panning equipment to recover pure gold and other precious metals.
Rolled Gold
Rolled gold, is also called gold-filled. The rolled gold contains less than 5% of pure gold, but not more than 10% by weight.
The other metals in rolled gold are usually silver and copper. Rolled gold is used for jewelry and watch cases. It is less expensive than solid gold and does not wear away as quickly.
Gold Filled
Gold filled is a type of gold that is made by bonding a layer of gold to a base metal. The gold layer is usually about 10% of the total weight of the piece.
But to be very clear, gold filled isn’t the same as solid or real gold. It is a more affordable option than solid gold and it has a similar look.
Coated Gold
Coated gold is a type of gold that is normally covered with a thin layer of another metal. The most common metals used to coat gold are palladium and platinum.
This type of gold is often used in jewelry because it is less likely to tarnish and is more durable than other types of gold.
Learn About Types of Gold Today
Gold is a valuable resource used in many different ways. If you’re interested in selling or buying gold, it’s important to know the purity level and the value. A reputable jeweler can help you determine the type and value of gold.
No matter what types of gold you’re interested in, it is important to do your research to ensure that you are getting a quality product.
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