06/11/2022
Investment and jewelry gold: distinctive nuances
The indisputable uniqueness of gold is due not only to the amazing properties of this metal, but also to the unique demand that this element has enjoyed in humans since the very beginning of time. People are most eager to adorn themselves with gold and invest their finances in this metal.
We have collected interesting facts about the fundamental differences and features of such types of gold metal as jewelry and investment gold.
So:
🟡it is believed that finding a diamond weighing 5 carats on Earth is hundreds of times more real than finding a gold nugget weighing only one ounce;
🟡gold at all times and in all civilizations remains undeniably the most popular metal for investment;
🟡 international standards for trading this metal, define as a standard gold bars of the “Good Delivery” category, having a weight of 400 ounces;
🟡if we talk about "investment gold", then its weight is measured in troy ounces, where one ounce of gold corresponds to 31.1 grams;
🟡The "purity" of the investment metal, in the case of gold, is determined based on the parts of impurities per 1,000 grams of gold, this indicator is called the breakdown of gold, for example, 0.999 test indicates that gold is free of impurities and 99.9% pure;
🟡at the same time, when weighing gold jewelry, their weight is indicated only in grams, and the purity of such a metal in jewelry is calculated “in 24 units”, called “carats”. For example, an item made of 18-karat gold would correspond to a "purity" indicator of 75% (or 18/24);
🟡by the way, more than half of the total world demand for this metal is annually spent on the manufacture of "jewelry";
🟡the most relevant purity of gold jewelry is 14 carats (0.583 samples);
🟡and in the United States, gold jewelry cannot be sold "as gold" if its purity is less than 10 carats (41.7%); in China, 99% purity, and in the countries of Southeast Asia and India, the purity of 22 carats is relevant;
🟡Based on the data of analytics and accounting received over the past year, the global demand for gold metal was distributed among the following categories of consumption: jewelry - 2.1 thousand tons, products for "gold investments" - 1.2 thousand tons. 668.5 tons "consumed the world's central banks, and another (326 tons of gold was spent on various technical needs of our civilization.
🟡The largest amount of "gold reserve per capita" was recorded in Switzerland and amounted to 120 grams of gold per person.