Gold has been a ubiquitous symbol of prosperity and riches since time immemorial. Kings, nobles and common man alike have always had a strong affinity towards this precious yellow metal and had tried to manifest it in all forms of jewelry, coins and bullion. The admiration and charm of this sunshine metal have only glorified over past thousands of years.
Gold, over the years, has acted as an insurance against fiduciary currency and had been consistent in assisting their relative values. The magnetism of gold has made it all the more desirable as an alternative for investment as well as for ornamental purposes. The gold is actually a mine of investment when it comes to safeguarding one’s future against the uncertainty of global markets.
Investing in Gold:
Here are certain factors to put into consideration when investing in gold:
- Gold coins come in 24K and are 90-99% pure gold.
- Ornaments in gold can be found in 22K, 18K, 14K as well and they contain gold in 92%, 75%, 58% respectively.
- Investing in Gold bonds(stocks) is a way to earn money in dividends. Although gold bonds do not mean possession of the precious metal.
- The 90% of the use of gold is done in a manufacturing of gold jewelry.
- Gold is susceptible to price fluctuations as it is mostly concentrated in a limited number of government banks.
The prosperity of gold coins is inversely proportional to the fluctuations in the global market. The gold coin of reputed companies that are certified by the hallmark of gold have purity of gold upto99.9%
Gold Bars and bullion:
The gold bars are available in various weights, sizes and shapes, the starting weight being 1 gram and exceeding so forth. The lighter gold bars and bullion can be used as a barter when planning to purchase gold ornaments. Gold Bars and bullion are available both produced by government mints as well as private companies.
Gold ornaments and fine jewelry gives double benefits of investment as well as wearability. It acts as an heirloom and can be combined with several other precious metals, diamonds and precious gemstones to enhance its value as well as physical appeal and allure. It also of utmost importance to buy gold of the order of 22K and 24K in order to ensure high returns.
Invest in gold wisely. When purchasing it from jewelry stores, online stores, government or private mints, ensure that it is engraved with the hallmark as well as is worth the standard karat and price. Also, remember the price of gold jewelry and ornaments will always experience more fluctuations as there are taxes as well as making charges are also added. Invest some time in market research and then make a decision.
Visit Sachs Jewelers for selling your old gold and get the value according to the market price.