Gold is a highly valued metal. Traditionally, gold has been adopted for use in dentistry and electronics, for bars for jewelry and as coinage. The metal itself is yellow in color, an element which is found in solid pieces that can be ruby or black when segregated.

Gold is the most pliable metal known to man. When introduced to other elements, gold will form alloys. Alloys of gold are of great strength and hardness and are of striking colors. Adding copper to gold produces a redder color while adding iron produces a bluer color. When combined with gold, platinum creates white whereas the addition of aluminum results in a purple color.

Gold is an efficient conductor of both heat and electricity. Heat, moisture and corrosives do not have a significant chemical impact on gold. This means that it is suitable for coin and jewelry production. Gold itself is relatively soft but when it is given alloys, a stronger material of a different color results.

When gold is incorporated to produce jewelry, it is measured in karats. Pure gold measures 24K. Gold is generally sold as 22K, 18K and 14K. This means that silver or copper have been added to gold for durability and color.  Gold is frequently incorporated into jewelry. Gold will also retain it’s value, if you’re ever in a bind you can always use a cash for gold service to raise fund quickly.  Gold jewelry is often enhanced with precious stones. Gold and diamond jewelry makes precious gifts. In today’s society, they also serve as wedding rings.

Gold can be used in many ways. Examples include:

1. Embroidery thread
2. In computers and jet aircrafts
3. Restorative dentistry
4. As a substitute for platinum.

Since ancient times, gold has had a high financial worth. Gold was traditionally a symbol of worth, pureness and regality. The financial value of gold has considerably increased in recent years, demonstrating its societal value.

The cost of gold jewelry is seemingly dependent upon the design value of the piece as opposed to the amount of gold contained within it. The World Gold Council report that sales of gold in the US appear to be increasing. The Council holds the belief that US customers purchase gold for adornment rather than for investment.

Since jewelers place their orders ahead of time, it is intriguing to think about what goods will be available for purchase for the holiday season. With ever changing prices, this coming year will prove increasingly difficult for both jewelry designers and retailers. You can learn more about the value of you value of precious metals as the cash for gold insider.

Many retailers, including the online jeweler Blue Nile, are not completely passing on the greater prices to consumers. This results in lower profit margins for designers but means that gold is a great buy for the consumer. Be thrifty. Inspect price tags. Exhibit flexibility and you will discover the item you wish for at a reasonable price. Provide the gift of gold to a significant other.

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks

Tagged with:

Filed under: Ideas for business

Like this post? Subscribe to my RSS feed and get loads more!