The following are standard gold alloys as related to standard gold fineness, grade or purity. •24k Gold - pure gold, or fine gold, is very soft, it is rarely used as jewelry without being alloyed. •22k Yellow Gold - 91.8wt% gold alloyed with 8.2wt% copper and silver. •18k Yellow Gold - .75wt% gold alloyed with 25wt% copper, silver, zinc and other alloys. •18k Nickel White Gold - 75% gold alloyed with 25wt% nickel, silver and other alloys. Nickel can be allergenic. •18k Palladium White Gold - 75wt% gold alloyed with 25wt% palladium, silver and other alloys. For those that have an allergy to nickel. •14k Yellow Gold - 58.5wt% gold alloyed with 41.5wt% copper, silver, zinc and other alloys. 14k is a very strong, somewhat brittle with a pale gold colour •14k Nickel White Gold - 58.5wt% alloyed with 41.5% nickel, silver and other alloy. Nickel can be allergenic. •14k Palladium White Gold - 58.5wt% alloyed with 41.5% palladium, silver and other alloy. For those that have an allergy to nickel.
Gingers got the answer to everything, you always come up with such detailed answers ,its great to have you on the forum.
Yes, we are lucky to have Ginger posting here. To take that further, we need to know the ratio of grams to ounces, as the price of gold is always in ounces for some reason. 1 ounce = 28.3495231 grams So, if we use G as the price of gold per ounce, the formula to figure out the value of a gram of 14k gold would be G x .585 / 28.3495231
Right now, the price of 24K gold is around $1,530 / Oz. So the price of 14K gold should be somewhere around $893 / Oz. And the price for one gram would be $28.70. I don't think anyone will buy 14K for investment purposes. If you want to invest in gold, then buy either 22K or 24K.
There is a good website that gives up to date values on 1 gram of 24k gold. Current Gold Gram Values - How Much Is A Gold Gram Bar Worth? I think it is maintained by the same owner as coinflation.com
Gold is measured in Troy ounces, not standard ounces. There are approximately 31 grams in a Troy ounce. Sorry don't have the exact number handy. Regardless of the karat makeup, you need to measure your gold in Troy ounces or your numbers will be inaccurate.
Oops, I forgot to mention the value of one gram of gold. At the current spot price of $1648 per Troy ounce, one gram is worth approximately $31.00 at spot and maybe $12-15 for scrap, if you can get it.
Just out of curiosity, I'd like to start investing in gold, but I don't have $1,500 + to purchase a full troy ounce with. Is there any way you can slowly invest into gold, or do you mainly need some money to start up those investments?
Buying 1 Oz Bullion coins is the best option as far as investment in gold is concerned. But if you want to invest in smaller amounts, you can go for 1/4 or 1/8 Oz coins. 1/4 Oz Gold Eagle cost around $466. I wouldn't recommend buying 1g or 2g bullion coins/bars. They are not good for investment.
As long as the metal is really gold, you should be ok. The American Eagles are more recognized, though, and thus more liquid as investments, so I do concur with vest007's suggestion to look at the fractional Gold Eagles.
So generally when it comes to these precious metals, it's better to invest in something that everyone knows or have seen already, because not everyone can tell the difference a lot of times between real and false gold? That's just what I got out of that, but correct me if I'm wrong. And thank you vest for the information. It's very helpful.
I agree. But if you buy a 1 gram (0.032 Oz) gold bullion coin, it will cost you around $75 in Ebay. If you buy a 1 Oz coin, then it will cost you $1,630 (From a respectable source like Kitco). So the financial gain is clear. 1,630 * 0.032 = $52.16 I can't find any sources which sell 1g gold below $65. If there is some, then please excuse my ignorance.
Why would you buy 14k? Why not pure 24k gold. It is so much easier to sell than 14k gold. But maybe I am wrong Who Knows!?
Obviously, the new rediscount rate has not been established for the reasons which prompted its advance from 4 to 4¾ in November, 1919. The gold position of the Reserve system was then seriously endangered; now it is tremendously strong, its ratio of gold to notes and deposits being at present 75.8% and 79% for the New York Bank. Yet we now have too much gold for our own good, and much of our present stock of the yellow metal should be re-exported as soon as circumstances will allow, lest either lack of...
The price of gold changes every day. Get the price of 1 g of gold from goldandsilveronline.com. The current cost of 1 g of gold as of Nov. 2012 is around $57 US.
