Who doesn't love gold? Gold today can be worth a hefty amount of money, roughly 857 American dollars per ounce. A gold bullion or gold coin is usually one ounce. So one coin equates to 857 dollars. That's pretty darned good wouldn't you agree?
Personally, I love gold. And I'm not the only one. My girlfriends love gold too, specifically white gold, but that's gold nonetheless right?
Gold content is measured in something called karats which are represented by the letter k. 24k is the highest a piece of gold can be (nearly 100% gold). If something were 12k it'd be half gold and so on and so forth.
Gold is a precious metal that is soft and malleable. For this reason it's alloyed with other gold such as copper to harden it. This is why gold is measured in carats, the more gold in the alloy the more carats.
The difference between gold karats and diamond (or other gem) carats is that gem carats are a reference to weight. Gold karats are a representation of the amount of gold without an alloy. For example, a gold bullion is 24k and weighs one ounce, but a brick of gold which weighs much more than an ounce can still just be 24k. A diamond's or other gem's carat weight is represented for every 200 milligrams (1 carat).
What's good about owning gold coins or gold bullions?
A very good question indeed. Gold bullions and gold coins are generally bought for investment purposes or to spread a person's wealth through different types of assets.
If the dollar is failing around the world, worth less and less, there's a good chance gold is staying the same. And gold is becoming more and more rare as time goes on (I can only imagine there's a limited supply here on our planet). So buying gold as an investment is surely a good idea. The best way to invest is through the gold coins and gold bullions, although certificates are available for purchase as well if that's preferred.
But, the gold price?
Yes, the gold price has dropped over the last year, But, that's the nature of the business and marketing world. Prices go up and prices go down. Gold for sure remains about the same as it did a year ago, or even 10 years ago, and is bound to go up and up throughout our lifetime.
So owning gold, especially in today's yo-yoing economy is a safe, secure bet. Owning it as a separation or division of assets is a fantastic idea that can ensure money outside of banks and credit unions stays stabilized. And the price of gold is usually on the rise. I would not be discouraged by recent lowering of the price (just today it went up 21 U.S. dollars, that's pretty good). It might be at 857 now, but I wouldn't be surprised if it hit over 1,000 dollars in years to come.
And that'll happen probably a lot sooner than later. Everybody loves gold, and that's why it'll continue to be a great investment!
About the Author:
For more information on
gold bullion visit:
http://bullionist.com/
Bernice Eker is an expert on gold bullion and wants to help people by sharing her expertise.
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107
Date Published :
Jan 5 2009