When we talk about pure gold, we often think of a precious metal that’s in high demand – the reason why it’s on the list of things that you need to invest in if you’re looking for something worthwhile. The problem with this idea is that there are no set values for gold, and because of its very nature, it’s quite impossible to know the exact value of one piece of pure gold, much less a whole bunch of it! However, the thing you should keep in mind is that there is no such thing as pure, or truly valuable gold – it just has the right properties to make it useful as an investment.
Pure gold has a unique electrical conductivity – it doesn’t conduct electricity at all. This property makes it great for electronics – in fact, its electrical resistance (or lack thereof) is what determines how efficient a device will be. A pure karat is also at least half a gram less than the metal’s natural density, making it much more difficult to work with, and therefore making it even harder to value. This makes pure gold a much better choice than gold coins (which are a lot cheaper than pure karat gold but also have lots of problems).
Pure gold also has a unique melting point – it can be hot enough to bend metal, but still not quite hot enough to melt anything else (a lot of the gold we’ve mined over the years is very soft and malleable – making it very difficult to melt down into gold bars, which are extremely dense). It’s also the most dense of all the metals, which mean that it’s more difficult to work with, and harder to refine – and thus more expensive to buy, than any other metal on the market today.
But the real beauty of gold lies in its ability to be used in almost everything. Gold is used for making jewelry, for making computer chips, and for making electronic components, among many other things. Even more exciting, if you’re an investor, you can actually make a profit by investing in gold futures, which will allow you to get in and out of the market faster than any other commodity on the market.
As an investor, it’s always a good idea to remember that although you want pure gold products to last forever, it’s still very easy to damage them – even when they’re made from pure gold! Because gold has its own special quality (its electrical conductivity, in particular), it’s very easy to scratch it – and gold plating can also leave some portions of the metal discolored. – so always take precautions to keep your investment clean.
If you’re a beginner looking for pure gold products, though, I would recommend using pure silver, which are also relatively cheap, and easier to work with than pure gold bullion. Of course, there are still plenty of high-quality pure metals available, such as platinum and palladium, but you should try to stick to pure platinum when you’re investing in pure gold, since its price rises and falls far more slowly than gold itself does. Since gold only becomes valuable as a precious metal when it’s rarer, platinum tends to be very rare (and because of this, platinum is not as common as pure gold).