Returning home for the weekend after 5 days at work, you are in excellent form. As a diligent worker who strives continually to put in high standards of performance, you are delighted that your value has been recognized as you have been rewarded with a bonus and a promotion. Happy days!
You have an idea of how to capitalize while the going is good and make an investment that will repay in the future. One of the investments you might be thinking of is to purchase some precious metal and a colleague has told you that you can buy gold Brisbane dealers are offering or from reliable specialists near you.
Being somewhat of a novice in this field, you wish to speak to experts and if possible, within your budget, buy the finest gold available in the world, even if it is in a small amount to kick off with. But what is the finest gold in the world?
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HOW GOLD IS MEASURED
Gold is measured by Karat or carat, with a high carat of gold signifying the high purity of gold. 24K or 24-carat gold is the highest quality available as it is 100% pure gold and does not include any other metal. 22K for instance will be used predominantly for making jewellery meaning that 22K is gold with the other 2K consisting of silver, zinc, nickel, and other alloys. 18K is 75% pure gold with the rest consisting of the metals listed earlier and is used for making studded jewellery. The price you will pay drops depending on the amount of Karat.
ABOUT 24 KARAT GOLD
24k gold has .999 fineness. It can’t be 100% pure as such gold is not technically feasible. This is why 99.9% of fine gold is already considered ‘pure’ gold. 24K is only occasionally used to make jewellery as it is considered too soft for items that would be used regularly allowing them to be damaged. To find out whether you have purchased the real thing, a 24k or 24-carat gold will have a hallmark which is an oval shape with “999” stamped inside.
THE PUREST GOLD EVER MADE
In 1957, the Perth Mint in WA refined arguably the purest of all gold. It has a proof ‘plate’ of 999.999 parts of gold per thousand, which was measured by the Worshipful Company of Goldsmiths in London. The Royal Mint in London was highly impressed that it had ordered some of the gold to measure its own standards. A visit to a local museum may reveal its own part in the gold industry.
IS 24K GOLD A GOOD INVESTMENT?
Investing in 24K gold will always remain a sound alternative to other means of retaining and increasing its worth rather than stocks and shares or in pensions as no currency is involved, only weight. 24K gold will retain its value while withstanding any world events to ensure it is an excellent purchase.
IN CONCLUSION
24K gold will always be a sought-after commodity while withstanding any world events to ensure it is an excellent purchase and to increase its value.
