Gold has been valued by humanity for thousands of years. You can find gold leaf adorning grand interiors within architecture, while pure gold can be combined with sturdier metals to create stunning pieces of jewelry. Gold is classed as a luxury good; however, it also makes a sound investment. Here is a short guide to gold and how to purchase the best gold nuggets.
The Value of Gold
Gold is a hot commodity, and it has been in existence for over 5,000 years. As a soft and malleable metal, gold can be melted down and manipulated into beautiful works of art. This yellow metal is recognized worldwide. In terms of value, gold does not suffer from the turbulent nature of various forms of currency. It is a reliable investment, and as a physical commodity, it is often used as a hedge because it retains value over time.
Buy From a Reputable Seller
When it comes to gold nuggets, it is essential you buy from a reputable seller. Reputable online sellers offer genuine gold nuggets, and they have advanced testing methods in place. They should be able to back their gold with a certificate of authenticity so that you know exactly what you are getting for your money. For example, gold nuggets at nuggetsbygrant.com come from regions such as Alaska, Australia, and Canada, and they have been tested for authenticity. Their high-quality gold nuggets come in a range of sizes, and they all include a certificate of authenticity backed by Oracal.
The weight of gold is measured in troy, metric, and pennyweight values. One troy is the equivalent of 31.1 grams, or 20 dwt (pennyweight). In addition, one gram is equivalent to 15.43 grains. Some sellers may list their nuggets in grains, so it is important to be aware of this when selecting a nugget.
The weight of gold may be measured in troy ounces, but the purity of gold is measured in karats. Gold that is 24 karats is classed as pure, and anything below this value is impure. Gold coins are generally 22 karats, while jewelry ranges from 8 to 18 karat gold. In the United States, 10 karats is the legal minimum standard for gold. The lower the number, the higher the level of impurities. When purchasing nuggets, you should try to aim for 20 karats and above.
Gold nuggets come in all shapes and sizes, and, as you can guess, the larger the nugget, the more valuable it is. As gold nuggets are sourced organically, you can find a variety of sizes, and so the best thing to do is to speak to a gold specialist if you have any queries.
When purchasing gold, you should be looking out for shiny, bright nuggets. These nuggets should have a lovely, yellow gleam to them. Although nuggets generally have a degree of impurities mixed in with them, dark-colored gold can signify a high copper content. Dark nuggets are more likely to be tainted with a higher level of other metals and minerals.