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The Karat of Gold

Author: Seema Patil

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Selling gold jewellery or gold coins is probably the fastest and simplest way to secure liquid cash. If you need money for an urgent trip abroad, education fees of your child or any unforeseen medical problem and have some stock of gold with you, you can simply sell it to gold traders for a good price and have quick cash that you seek.

Gold jewellery buyers pay a good price for genuine and pure metal. The actual value of the metal is assessed as per its karat, weight and quality. Rare collectible coins may be sold for much more than their gold value. Gold traders deal in 9 karat, 14 karat, 18 karat, 22 karat and 24 karat gold pieces. If you are dealing in gold, you also ought to know that 24 karat gold is the purest form of metal and is too soft for jewellery. 10 karat gold is durable but has only 10 parts gold out of 24 content. The same holds true for 14, 18 and 22 karat gold. The percentage of pure gold in a piece can be calculated by dividing the karat by 24.

Unlike paper currency, the price of gold always has an upwards trend. You can sell your gold reserves at any time you need cash. As per the average price in 2011, an ounce of gold can be sold for $1405 per ounce in Australia.

Gold is not consumed in any meaningful sense. A little amount is sometimes used for false teeth due to its inertness and some is used in electronics due to its non corrosive nature and excellent conductivity. But at present, over 95 per cent of the world's gold is held as a wealth store – either in bullion vaults or as jewellery, which is usually considered a private monetary reserve. The stock of gold, therefore is not disappearing but its supply is growing at a very slow rate of 1.6 per cent per annum.

This has been true for about 4000 years now. As against gold's restricted supply, the money systems are now expanding out of control. The loose monetary policies expand the supply of currency by at least 11 per cent per annum. In such circumstances, gold's reliable rarity is appreciated by savers and scrap gold buyers.
Its significance as a money proxy is unique when artificial forms of money are not being properly restricted in supply.

The un-expandable supply of gold makes it a reliable store of purchasing power than currency.

You can simply sell gold jewellery for a good amount of liquid cash when you need it. At Sydney Gold Buyers, we pay you cash for 9 to 24 karat gold in any condition. If you have unused jewellery which may you may as well trade for money, bring it to us for the best value.

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Seema Patil

To know more about the value of your gold assets, contact us today: http://sydneygoldbuyers.com.au/contact_us.php

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The Karat of Gold