Gold Coins or Gold Rounds
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Gold Coins or Gold Rounds?
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Gold Coins are minted by a sovereign government, are legal tender, and have a face value in addition to a melt value.
Gold Rounds are minted by private mints, have no face value, and generally have only melt value.
Since only a governing authority can extend monetary value, or face value, to a coin—not a private mint or company—rounds cannot be a form of legal tender.
Gold Coins are minted in a range of sizes—primarily 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz. weights.
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Gold Rounds can also be produced in a variety of sizes and weights, with one big exception: No round can have the same specifications as a government-issued coin. A round can never have the same diameter, thickness, and mass as a legal tender coin. This helps prevent counterfeiting and makes it harder to defraud coin-operated technologies. It can also lead to some unexpected weights, like 1/20-ounce, 2-ounce, 5-ounce, and 10-ounce rounds.
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When you are deciding to buy gold coins or gold rounds consider:
> Gold Coins are recommended for The Investor.
> Gold Rounds are recommended for The Collector.
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Bottom line
There’s a risk associated with buying a gold round that you simply won’t find with a government-issued, legal tender gold coin. Regardless of its fancy design, will it retain its market value? It might. It might not. If you buy this round at a premium because of its design, you could end up losing with only melt value.
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Digital Currency IRA
A Digital Currency IRA on Steroids!
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There are Digital Currency Options For Your IRA.
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Bitcoin might not be an ideal investment for retirement, given its volatile price swings, yet some financial services firms now offer the option of investing in the cryptocurrency through self-directed Individual Retirement Accounts (IRAs).
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A “Bitcoin IRA,” is essentially an IRA that includes Bitcoin or other digital currencies within its portfolio of holdings.
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A Bitcoin Exchange-traded fund mimics the price of the most popular digital currency in the world. This allows investors to buy into the ETF without going through the complicated process of trading bitcoin itself.
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When purchasing Bitcoin, you are buying the performance of futures contracts rather than the asset itself. Bitcoin is not backed by real assets or tangible securities. Buying Bitcoin gives aspirational excitement similar to gambling.
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If you are interested in cryptocurrencies, you can use them to supercharge your IRA. Some benefits:
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Offer Tremendous Growth Potential
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Shelter From Overvalued Stocks
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Provide Tax-Deferred Growth
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Digital Currency Options For Your IRA:
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Bitcoin
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Ethereum
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Stellar Lumens
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Bitcoin Cash
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Litecoin
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Ethereum Classic
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Invest in Cryptocurrencies, Tax-Free with “The World’s Most Secure Digital Currency IRA“
Bottom line
Investors who are inclined to add Bitcoin holdings to their IRAs likely believe that cryptocurrencies will continue to grow in popularity and accessibility into the future. With their long-term outlook, IRAs are an excellent vehicle for investments that hold major potential on the scale of decades. Of course, detractors of cryptocurrencies may argue that Bitcoin and other digital tokens remain unproven at best, or unstable at worst.
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Gold IRA roll over
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Investors can roll over a 401K to a self-directed Gold IRA as long as the precious metals meet IRS specifications.
In general, that means Bullion bars and Coins of specified fineness, and Coins from government mints.
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Gold, Silver, Platinum, and Palladium are the four Precious metals allowed by the IRS.
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The IRS only allows certain forms of Gold to be held in an IRA as specified in U.S. Code 408 (Individual Retirement Accounts).
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Some general guidelines on the permitted forms of Gold:
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Gold coins and bars must be 99.5 percent pure
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Gold must be sourced from a national government mint or approved refiner
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Gold coins in one, one-half, one-quarter, and one-tenth ounce sizes are permitted
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Some non-US Gold coins with 99.5 percent fineness are eligible
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There are three parties involved in a Gold IRA: the Investor, the Trustee, and the Custodian.
The Investor is you.
The Trustee is the Precious metals, Broker-dealer.
The Custodian is the depository (storage).
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Like all investments, Gold IRAs have details and characteristics. When planning your 401K rollover to physical Gold, a few points to keep in mind are you will need to designate beneficiaries, representatives, and interested parties for your Gold IRA.
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After specifying a primary beneficiary and contingent beneficiary (if desired), you will have the opportunity to designate one or more representatives and interested parties.
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A Representative for the Gold IRA would have full access to the account and the ability to execute transactions at their sole discretion.
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Designating an Interested Party for your Gold IRA may make sense if you are working with an Investment advisor or Financial planner. By specifying these people as Interested Parties, they will be able to speak on your behalf. An Interested Party does not have the authority to execute transactions in your account.
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The objective is to move retirement funds into Gold without incurring a tax penalty.
Gold IRA Rollover Rules
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A direct Trustee-to-Trustee rollover simplifies the process of setting up a Gold IRA.
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You do not personally receive any of your retirement funds so the 60-day Gold IRA rollover rules never apply.
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The IRA Trustees will typically accomplish the transfer of funds by wire.
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The IRS allows for one IRA rollover per year in its Gold IRA rollover rules.
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Simply transfer funds from your existing IRA or 401k into a self-directed IRA account, choose a depository that can provide storage, then buy the physical metals you want. It is all done within IRA guidelines and completely without consequences in terms of taxes or penalties. The fun part is choosing your gold:
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American Eagle coins
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U.S. Buffalo Bullion coins
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Canadian Maple Leaf coins
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Austrian Philharmonic coins
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Australian Kangaroo/Nugget coins
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Credit Suisse – Pamp Suisse Bars
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Various bars and rounds .995
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Bottom line
Don’t wait. The time is NOW to prepare for a volatile future. You can rollover into a self-directed Gold IRA. A great rollover company is Regal Assets.
Click here to secure a Gold IRA, hands-free, with an easy rollover process.
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Gold IRA
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Do not leave your retirement to the mercy of governments and banks.
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Your investment can outperform the stock market with a Gold IRA. The price of gold has risen over 500% since 1999 yet, many analysts believe gold remains undervalued. Gold is ‘value and security’ as the national debt ceiling keeps rising.
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As the dollar diminishes the price of gold increases and today our government debt is the highest it’s ever been. Gold has been a safe haven for wealth for over 500 years and is nature’s hard asset.
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Gold is not subject to dilution or devaluations as are other paper assets.
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Gold’s value isn’t at the mercy of government or financial institutions.
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Gold historically tends to move counter to the direction of stocks.
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Over the last decade when the economy was stormy, gold outperformed the stock market.
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Gold can not be printed like money, therefore, cannot be merged or split.
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Considering gold as part of your investment portfolio is the best choice for securing your nest egg in the long run.
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Precious metals are tangible assets unlike ETFs (exchange-traded funds) which are susceptible to the same factors and volatility of the stock market, inflations, company earnings, and corporate fraud.
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An advantage is the storage is taken care of for you. You do not have to worry about transfer or storage while investing in gold and silver in your self-directed IRA.
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Don’t wait. The time is now to prepare for a volatile future. You can invest gold in a self-directed IRA.
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Bottom line
A great way to start is to roll over an existing retirement account. A 401k will not permit you to own precious metals therefore, you would have to roll it over to a self-directed IRA.
A great rollover company is Regal Assets. Click here to secure an IRA, hands-free, with an easy rollover process.
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Troy Ounce
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The troy ounce is used in the weighing and pricing of precious metals: gold, platinum, and silver.
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A troy ounce is not the same as an imperial or avoirdupois ounce.
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Many Americans are familiar with the avoirdupois ounce, which is used to weigh most items. Understanding that a troy oz is not the same as an ounce is that a troy oz is about 10 percent heavier than an ounce.
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Be sure to buy your metals from reputable dealers. It’s not uncommon for shady dealers to try to swindle customers by selling an ounce of metal at the current troy oz price, which cheats customers out of money.
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31.1035 grams
A troy oz contains 31.1035 grams of 24 karats pure gold and is one of the most commonly purchased unit sizes of gold.
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Conversions
1 kilo = 1,000 grams / 31.1034768 grams per troy oz = 32.1507466 troy oz per kilo
Troy oz price: multiply the per kilogram price by the kg per troy oz figure (0.0311034768) to effect the correct conversion from a per kilogram price to a per troy oz price.
Kilogram price: By the same reasoning a per troy oz price of gold should be divided by kg per troy oz figure (0.0311034768) to effect the correct conversion to a per kilogram price.
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Origin
Originally coming from the French town of Troyes.
King Henry II of England adopted the troy weight system, which was widely used in Britain’s coinage system in the 1400s. In the early 1500s, troy ounces were accepted as the official standard of measure for gold and silver in Britain, with the U.S. Mint adopting this measurement method in 1828.
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Gold Coins
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Many people prefer to buy gold in form of coins as they can be bought in lower denominations. Here are 6 key things you must keep in mind when buying gold coins.
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Purity of gold.
The purity of gold is measured using fineness and karat. Gold purity is measured using karat and the purest form of gold is 24 Karat. Gold purity is determined by its fineness and this can be defined as how precious the metal is in proportion to its total weight.
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Options to buy from.
There are numerous sources from where you can buy your gold coins, these include banks, online e-tailers, and certain non-banking financial companies. When buying gold make sure you buy from a reputable source and this will avoid any future issues regarding your gold.
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Packaging.
When buying gold ensure that they are packaged in tamper-proof packaging. This type of packaging guards the gold against damage, fraud, and counterfeiting. Tamper-proof packaging ensures that the gold coins are credible and their purity is retained.
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Hallmarking.
It is important to check if the gold is hallmarked as this ensures that when people are buying gold they are not cheated. Gold coins are certified by stamping them and this indicates the level of purity of the gold. Hallmarking is done for gold items including artifacts and jewelry that are higher than 14 karats.
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Ease of selling.
Before you buy gold coins, it is important to know how easy they will be to sell. Factors to consider are: does it have a wide buyer pool, is it recognizable? Buying coins that meet these factors will make it easier to sell should you decide to let go of your precious metal.
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Denominations.
Gold coins in the market range from 0.5 to 50 grams in weight. Popular sizes include 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. The availability of the denomination that you want depends on the coin and the amount you wish to spend.
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Gold Value
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Investing in gold has been a valuable business for over one hundred years. Throughout history, gold has been utilized as a symbol of power or wealth and as a currency. It is considered by business owners as one of the best investments, maintaining its value even during economic downturns and inflation.
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Even when an individual’s confidence is shattered, the prices of gold often rise as nervous business owners, search for a secure option to keep their funds pulling out of the market. Additionally, gold is a haven in periods of inflation and economic uncertainty since it retains its value better than currency-supported assets, which drop in value and climb in price.
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I like gold because it is a stabilizer; it is an insurance policy ~ Kevin O’Leary
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Gold buying and investing
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Investing in gold cannot be compared to buying bonds and stocks.
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You can own gold by purchasing either gold bullion or gold coins. More specifically, bullion is the bar form of gold with a stamp on its surface. The stamp shows the gold amount in the bar and the level of purity. The bullion or coin value comes from its amazing metal content and its popularity.
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Demand and supply of gold are one of the main factors which influence the price. Gold is a hedging tool against inflation and therefore the price reacts to inflation numbers.
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Interest rates have an inverse relationship with gold value and typically, gold price drops when rates rise.
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Currency fluctuations influence the price of gold because gold is traded in USD in the international market and foreign conversions impact the price.
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Geopolitical factors causing crisis-like situations impact gold prices positively as gold acts as a safe place for dollars and it outperforms other asset classes.
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Moreover, you can purchase stock from gold mining corporations, ETFs (exchange-traded funds), and gold futures contracts. If you choose to buy a gold-support ETF, you are buying shares of trusts; possession in gold, but you cannot claim physical gold.
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Bottom line
Whether gold-related securities or physical metal, buying and investing in gold is a wise choice. If you do not want to buy physical gold, purchasing shares in a self-directed Gold IRA is easy. An advantage is the storage is taken care of for you. You do not have to worry about transfer or storage while investing in gold and silver in your self-directed IRA. Discover your options by clicking here.
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Investing in Gold
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Investors can choose to invest in gold by purchasing stock in gold miners and related corporations, ETF’s (Exchange-traded funds), and purchasing a physical item (bullion). Business owners have multiple similar reasons for investing in this particular metal.
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Some argue that the metal is a barbaric relic that currently does not hold the monetary qualities of the past. In the current economic atmosphere, paper currency is the only preferred money. Some individuals contend that gold’s only benefit is that its material is utilized in jewelry.
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Other people argue that gold is an asset that holds an array of intrinsic qualities that make it distinct and essential to boost the investors’ portfolios.
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Gold in the current economic environment
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Although gold does not currently support the United States dollar, it is still crucial in today’s economy. More specifically, the balance sheets of various banks and other organizations like the International Monetary fund show an apparent benefit of gold in the current economy. Presently, financial organizations are accountable for holding nearly 1/5 of the globe’s supply of on-the-ground gold. Moreover, numerous central banks have increased their current gold reserves, showing concerns about the long-term world economy.
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Gold upholds wealth
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The reasons for the importance of gold in the current economy are based on the fact that it has consistently maintained wealth for decades. However, the same cannot be compared with paper-centered currencies.
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Gold is a safe and secure haven
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Gold is becoming increasingly popular in the economic and political environment. Investors normally view gold as a safe and secure haven during periods of economic and political uncertainty. More specifically, when new occasions suggest some kind of global economic and political uncertainty, most investors will purchase gold.
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Bottom line
There are both benefits and limitations to each type of investment. If you do not want to buy physical gold, purchasing shares in a self-directed Gold IRA is an option. If you trust that gold might be safe to protect you against inflation, investing in gold jewelry or gold coins is a way that you can use to achieve gold-based prosperity.
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Gold Jewelry
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When buying Gold Jewelry you have to consider the Facts:
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Purity Level
Gold comes in varying purity levels which play a role in determining the cost. The purer it is, with 100% purity being 24k, the more expensive it gets. Being malleable in its pure form means the gold can be alloyed with other metals. So, when looking for alloyed jewelry, you should be aware that the second metal also determines the price range. For instance, 18k gold means it’s 75% pure while 22k gold means it’s 91.6% pure. The purity level should guide you as you look for gold jewelry within your budget.
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To convert karats into the percentage, you need to divide the karat number by 24 and multiply the result by 100. So, for example, to find out the gold percentage in your 22 karat ring, divide 22 by 24, the result is 0.9166, multiply it with 100, so it equals 91.66 percent – that’s the purity of your gold
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An example is Rose Gold. Rose Gold is a delicate mixture of classic yellow gold, copper metals, and (sometimes) silver metals. The silver and the copper combine with yellow gold to create the pink hue that we’re familiar with when it comes to rose gold.
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A reason most gold jewelry isn’t 100% gold is gold by itself is a soft metal. It’s so soft that jewelry made with only gold would bend, dent, and generally, be destroyed by daily wear.
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Adding stronger metals to the gold allows it to be made into jewelry that won’t be ruined after a few months of wear. Well-made and high-quality gold is durable and beautiful thanks to the specific combination of metals used to make it.
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The karat should not be confused with a carat (spellings differ worldwide), which is a jewelers’ weight measurement, initially used to describe diamonds.
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Price per gram
The price range per gram should be explored before purchasing the gold. There is a lot of information online about prices. You can compare the prices from different sources just to be sure. However, the prices may differ depending on the origin of the gold, but most showrooms are likely to have almost the same price.
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Proper Certification
Genuine gold jewelry needs to be hallmarked. This means that it has certification from the Bureau of Indian Standards. It makes sure that you are able to spot jewelry with the right karats. What you will be looking for? The logo of the BIS, the Purity level in karats, The hallmarking center’s logo, and the identification of the jeweler.
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Here are a few ways to determine if your jewelry is solid gold or gold plated:
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1. Initial stamps. Gold plated jewelry is often stamped with initials that reveal its metal composition
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2. Magnetism. Gold is not magnetic
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3. Color
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4. Acid test
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5. Scratch test
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Bottom line
There are so many other things to look for, like the weight and color of the jewelry. How heavy do you want it?
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