Different Forms of Gold that have Value

Gold has many different factors that creates its value. There are those that own gold in the form of jewelry while others own it in the form of gold bars or coins.

Yellow gold which is the most common form of gold that you can find is often not 100% pure. Copper and silver are added to make it more durable as gold itself is a soft metal.

To create what is know as white gold, nickel or platinum are added. White gold is common in jewelry and has a greater expense than jewelry made with yellow gold on average.

Rose gold is another common form of gold used in jewelry and also typically carries a greater value than yellow gold. A combination of gold and copper gives it its reddish tint.

A key aspect to the value of gold is the purity. The purity of gold is often referred to in karat, as 24 karat is considered pure gold. A 22 karat gold watch would be 91.7% pure. Most jewelry is not 24 karat as the copper or silver are added to make the metal harder for daily use.

People also buy gold for the financial value. Gold is considered an asset more than a pure investment. Gold bullion is one of the most popular forms for holding gold in your portfolio. Common gold bullion is the American Gold Eagle, Canadian Gold Maple Leaf, and the South African Krugerrand. Gold bullion can be bought at different weights for each person's different buying needs.

Gold can also be purchased in what is called rare gold coins. Product of these gold coins was stopped in 1933 and have a scarcity factor to them that increases their value. Rare gold coins is considered a private position in gold which is beneficial for many people as a preservation of wealth. To greater understand the difference between gold bullion and rare gold coins it is best to contact a reputable gold brokerage firm for more answers.