One of the best investments that you can ever make is by investing in gold. This precious stone shows class and luxury while showing financial stability as well. Simply speaking, gold is money. Now, because the true worth of money is being backed by gold, it makes it more in demand in almost every part of the world.
With volatility in markets as well as inflation, gold is guaranteed protection against these challenges. Yes it is true that there are a lot of things at stake, being able to know how you can purchase gold will be crucial decision.
You have probably heard of 24K gold. What this simply means is that, the gold is a hundred percent sure and may not make sense always.
Now, in gold alloys, there are actually 24 units being referred to as “karats”. If you buy gold with 24K, it means that the gold is pure, 100%. In essence, if 24K gold is pure, then 10K gold is 41.7 percent pure which is expressed mathematically as 10/24.
Rule of Thumb
With all these things said, the gold’s value is proportion to the level of purity it has. The purer the gold you have, the bigger the value it has.