Special Edition: Gold vs Gold Ornaments
Posted October 28, 2009on:
In the present economic scenario of recession and the declining trend of many businesses, one area where the economical issues are not affected is Gold market. The stock market loses many points index every day or fluctuates wildly without any option of a creditable trend prediction, many investors are worried about putting their hard earned money in stock options. Similarly the decline in the real estate business and hence the stagnation in the market, prohibits many investors from putting their money into real estate market. The viable alternate for an investor is gold market. It is important that when you buy gold from market, you should be very attentive and you need to pay much attention and care. Otherwise you will be cheated point blankly. You will at last end up with humiliation and money loss.
While buying gold or gold ornaments, you have to check for the purity of the yellow metal. You can get gold of much purity. Perfect sovereign will be 24 carrot or 100% pure Gold. Generally gold for ornaments are gold mixed with copper in a less fraction, 22 carrot or known as 916 is the purity of the ornamental gold. Make sue that when you buy gold, you are getting only 24 carrots or 22 carrots gold. If you take with you an expert in gold business, he will able to identify even the small variations in the metal’s purity. He requires only mostly hand weighing and the view of the color. So it is better to take the help of an expert while buying gold for investing.
Most of the reputed jewelries will be giving guarantee for purity of 916. Make sure that you collect the guarantee card with the purchase voucher. This will assure up to a level good gold quality. There are many markings on the gold, like hologram markings, telling that it is pure Gold. Purchasing such hallmarked gold materials will be mostly provide pure items.
It is better to avoid ornaments for investing. Gold coins are the best option for buying gold. Ornaments making is very costly. If you want ornaments, you are forced to pay about 15% to 20% more than the actual gold price. Here gold coins play a role. Also it is a truth that gold coins only provide the purity maximum, as they are not processed for converting into ornaments. Make sure that when you purchase gold for investing, you getting it from only reputed firms with long history of existence and selling. Make sure that the gold piece what you take have all symbols of quality as prescribed the federal governments. Members of the PNG are the better dealers for reliable Gold.
With the advent of Internet, the gold purchase is easy. Many online vendors offer pure gold coins apart from usual local dealers. It is advisable to take the help of some skilled personals to check the purity before buying.
Article Source: Robert_Grazian