Pure gold have not so much similar to the metal which we’re used to see jewelry made of. The matter is gold is very soft due to its nature, and can be easily deformer even with little mechanical stress. Natural gold also has more saturated golden color. If this metal would used in jewelry in natural form, then we could forget about rigidness and usability of products. Let’s look into the term “alloy” and types of gold hallmarks.
Gold alloy contains admixtures added to pure gold in order to give some properties or characteristics to it. For example, to give the needed shade, make in to more rigid and resistant to mechanical damage. Therefore, to determine how much pure gold is in the product, and how much alloy, the term “hallmark” was invented.
Today, several systems of hallmarks are actual, but we will examine only the most popular – metric and karat.
What about 585 gold purity, find this information in the table below, which demonstrates gold hallmarks of metric and karat systems, along with their relation.
|Part of pure precious metal||0,99||0,958||0,75||0,585||0,5||0,37|
Let’s look into each hallmark at the example of the karat system and watch for changes of characteristics of this precious metal depending on changes in gold alloy. To be more accurate, on changes of its percentage and composition.
24 karat. Gold of this hallmark is also often called Red Gold. This is practically pure metal – in this form, it’s in the nature. It’s very soft, unsustainable even to the slightest deformations, and, because of this, it is not used in producing jewelry. Though, in the 18th century, in some countries of Eastern Europe wearing wedding rings of this very hallmark was commonly accustomed. Those products were very massive and weighted at least 8g, because only this way they were not bent or deformed. At the exchange, 24k gold is traded!
23 karat. Alloys of this hallmark contain 95.8% of pure gold (23 parts), and they also are not used in jewelry due to softness. Products of 23k hallmarks are characterized by strongly expressed golden color, and their cost is just slightly lower than the cost of products of the previous hallmark.
18 karat. In this hallmark, there are 24.5% of alloy, consisting of silver, copper, palladium or platinum. Also, admixtures of other metals are probable. The color of a product may significantly vary depending on which metal dominates in it. Cu (copper) gives a light reddish share to gold, Ni (nickel) gives yellowish, Ag (silver) and Cd (cadmium) add greenish shade to the product. Metal of this hallmark is rigid and firm, and that’s why, it’s commonly used in production of jewelry.
14 karat. You may ask about 585 gold purity. I can reply that the alloy contains almost 59% of pure gold. Products of gold of this hallmarks are characterized by rigidness and firmness, perfectly forged and do not fade with time in the air.
12 karat. There are 50% of pure precious metal, and the rest 50% of the alloy are usually presented by silver and copper.
9 karat. Silver and copper usually dominate in such alloys, so the color of 9k products is often bright yellow. The main disadvantage of gold of this hallmark is its tendency to fade when exposed to air.
One of the most common myth is that the hallmark can be defined by the color of gold. It’s absolutely wrong, as we’ve already figured out types of gold! Hallmarks have no impact on the shade of products! Everything depends only on admixtures and the qualitative composition of the alloy. If gold is dissolved by silver or platinum, then the ready product will get the whitish shade, and if it’s dissolved by copper, then it will be reddish.
This myth has been formed reasonably: in time of USSR, production of gold products was organized so that alloys of hallmark 375 had pinkish shade, 585 – reddish, 750 – yellowish. Everybody knew about gold hallmarks and how to distinguish them approximately. Because, there was no competition in gold production in the country, and all alloys were produced by the same recipes. That’s why, people had the opinion that the color of products can really tell something about their hallmark.
Another interesting fact is that not all the components are mixed with each other well in liquid form. Sometimes, liquid metal freezes, divided into separate layers, and as a result, we may have the gold product with uneven distribution of the hallmark, which is considered a flaw.
Gold products are most often made using three components: gold, copper and silver (Au, Cu and Ag). Such alloys are called three-component. In some cases, there are more components, but it occurs by far rarer. Different percentage of admixture components or alloy allows to get gold of different properties and shades.
Let’s consider colors of gold:
Gold may have by far more shades than we’re used to see! Along with red, yellow and white, we may come across with green, blue, purple and even black shades!
All that is determined by gold alloy.
In the table, you may find the approximate recipe of the alloy to give gold products the certain shade. The data display the needed number of parts of each element in the alloy and the description of colors of gold with such composition.
White gold is often produced by adding admixtures of platinum, silver, nickel and palladium. In order to make the product fade, it’s enough just to add 16 parts of palladium into it! This metal gives firmness to gold and enhances its other characteristics. But products containing palladium cost too much, and to get cheaper variants of white gold, they add admixtures of nickel and zinc into it.
For making red metal, alloy is prepared by silver and copper. And blue gold products may be gotten through adding iron into the alloy. Green gold usually contains silver and cadmium, purple gold contains aluminum, cobalt and palladium.
In the USA, the quantity of pure gold contained in the product is regulated by law. It’s told in the National Act of Trading Gold and Silver of 1906 (revised in 1976). This act strictly concerns all products which are made in the territory of the USA or made for importing to the country. Assaying supervision thoroughly watches for compliance with the appropriate amount of gold contained in the product, stated in engraving.
It’s interesting to know that products made in the USA have the registered mark of their producer. But, with that, never a one American law requires the compulsory presence of printed alloy. Also, the act states that gold may stand for the allow containing at least 50% of this precious metal. That’s why, everything lower than 10k cannot be realized called “gold”.
The country also strictly controls organizations realizing jewelry. In orer to avoid tricks of unfair realizers and counterfeits, you need to clearly know about types of gold (hallmarks), and before purchasing gold bars anywhere, you should make sure the seller has the appropriate license, along with other documents proving the legality of activity of the organization at selling the metal.
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Gold has not been considered only as the metal used for producing jewelry. Today, this commodity as a trading instrument at exchanges is as popular as many currency pairs! And really: why not to gain with it, if its price continually grows?
Let’s look at the main ways of making money with gold, approachable for everybody:
Due to these two facts, it must be mentioned that one can earn with bank gold only if its price rises more than by 26-30%.
If you decided to open a deposit or to buy a bar, then you must know types of gold (hallmarks) and how a real bar of pure gold looks like. It usually has the form of a brick or a very thick blade of hallmark 999. Nevertheless, bars with proportions of a credit card are also met. Pieces of gold are made of weight of at least 1g. There are two types of gold bars: cast (stamped) and cut.
In different countries, different weight measurement is used. In America, the standard golden brick has the weight of 400 troy ounces, but also, bricks of 1kg also circulate. And gold bars of 350-400 troy ounces participate in trading at London exchange.
Hallmark is printed on every product, together with the number, producer’s printing and printing of assaying inspection. It’s interesting that there are some countries where it’s forbidden to possess gold in bars! This prohibition was being actual for long in Russia, and was canceled only in 1997. Now, acquiring gold “bricks” and opening bank accounts became approachable and available for every citizen of Russia.
If you start making money with gold and are ready to take moderate and considerable risk, then trading options for gold will be the perfect solution for you. To start trading, just make a contract with a reliable broker company. All the principle of trading is built very simply: renter the market, having purchased some volume of gold (i.e. options for it) and, having forecasted price growth, close the order on time (sell derivatives purchased before).
In order to realize market behavior better and determine entrance and leaving points with more accuracy, you need to consider and analyze factors that directly or indirectly can affect fluctuation of gold prices.
Let’s look at the main principles to be followed by novice traders:
These simple rules and tips will help you significantly increase your incomes from trading gold. Follow them and let your deposit grow!
In recent 10 years, gold price rise has been enormous, despite the fact that in 2013, gold prices fell a bit.
So, let’s make a conclusion! We’ve looked into types of gold: hallmarks, kinds of alloys and ways of using. We learned the main myths related to shades of this metal and colors of gold. Also, we have found out that one may earn well with it! Experts at trading at the gold market confidently state that the period of sharp price fall for that precious metal may be considered finished. At least, in the nearest future, there shouldn’t be any abrupt turns at charts. And it means it’s time to find not only beautiful material of jewelry in gold but also the reliable way of making money.
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|Moving Averages:||Buy (0) Sell (12)|
|Indicators:||Buy (2) Sell (4)|