Precious Metals
Gold and silver, along with other precious metals, have long held an allure unlike most anything else in the world. People have committed major crimes over them, sell them to make good money, and have traveled long distances for them. Today, 14-Karat gold is especially popular because it’s often used as a spacer between beads. Be warned that the prices of gold often fluctuate so expect to see a lot of change in price. Precious metal prices not only reflect the general market value but also that of the different currency exchange rates. There are also labor and shipping costs.
18-Karat and 14-Karat Gold
When you are looking at other types of gold, you need to know that 18K gold is made up of 75% gold. The gold is mixed with other metals. This makes it strong enough for the use of everyday wear. Now, when you look at 14k gold, it is made of 58.3% gold and 41.7% of other metals. Gold beads and necklaces made out of 14K gold are beautiful and vibrant.
Gold in Men’s Jewelry
When most of us think of gold in men’s jewelry, we think of the watches. However, it shows up in more than that. In 2014, Lindbergh announced its 18K gold men’s sunglasses. They were designed to reflect mirrored sunglasses. The gold was inlaid with top-quality diamonds. The price ranged from over $1,200-$14,000. Gold jewelry is also very popular for men who are into the hip-hop culture. It shows up in everything from the Cuban chains to custom-made Jesus pendants.
The History of Gold Actually Goes Back for Several Centuries
Gold is believed to have been first discovered around 600 B.C. in Asia Minor. At least that’s how early we have a record of it being used for money and as a sign of wealth. It was also used in Greece by the 13th century. European nations started to prefer gold over silver around the same time. Gold started to be certified and patented by the time of the Industrial Revolution. By 1971, the U.S. stopped redeeming any money in gold altogether due to the price per ounce rising above the fixed redemption price. There has recently been some debate as to whether going back to a gold standard would help to alleviate the debt issues. Currently, it looks doubtful since the price of gold has risen sharply with inflation.
The Current Value of Gold
As stated above, the price of gold is competitive and various. As a result, it is always wise for investors to check the prices on a daily basis. However, as things stand now, one gram of gold is almost $50. An ounce is over $1,500. The cheapest coin is just over $60 and the most expensive is almost $3,000. The cheapest gold bar is almost $60 and the most expensive is over $15,000. Gold Rounds tend to be the cheapest ranging between $100-$400. When investing in gold, it’s wise to compare AM and PM prices. Global spot prices are even better. This is what ensures the most accurate pricing. Since predicting stock fluctuations is next to impossible, live reports are your best bet.
What is Pure Gold?
24K gold is considered to be pure gold. Even though its value doesn’t beat platinum, it is still a sign of wealth beyond stock ownership. It is a way to diversify stocks. It doesn’t have to be in the investor’s home for the investor to own it either. All the investor needs is a contract, future, or derivative in their portfolios.
As a commodity, gold has also the second greatest value next to platinum. For centuries, it has been used to represent wealth and as a precious trade good. That’s still the case today only the methods have since changed. Pure gold today has skyrocketed along with the inflation rates so using it as a bailout from the debt issue would likely backfire. Like with other precious metals, the prices of gold are very unpredictable. As a result, gold investors are wise to check those reports on a daily basis. When they are ready to re-sell any physical gold that they own, they would be wise to do so very quickly.
Pinstripe Magazine Staff
Online Men’s Lifestyle Magazine on Gear, Grooming, Girls, Gadgets
