Jewellery Identification & Gold

If you want to identify a piece of gold jewellery, then there are a few tips you can take into consideration. Remember, this is just a general guideline, but it should be come in handy. Also, we'll discuss why you should invest in high value gold bars.

Why Buy A Bar Of Gold

You should buy a bar of gold because the chances are it will only increase in value as time goes on. Sure, it may reduce in value from time to time, but probably not nearly as much as other forms of investments. Not only that, but you can melt a gold bar and have it turned into gold jewellery. A professional can do this for you, and then you can keep hold of the jewellery and sell it at some point in the future. When you purchase gold bars, then you're making an investment that can pay you back tenfold.

Jewellery Identification

The chances are you may actually own a piece of gold jewellery, but you're having an issue identifying it. There's a few tips that can help you out. Those tips include

1. Understand Karats

Gold is a combination of soft and hard metals. Jewellery made out of gold is measured in 24 parts. If gold is marked 24K, then 24 parts of the piece of jewellery is gold, while 22K is 22 parts gold. The higher the karat, the better.

2. Are There Stamps

Look for stamps on gold jewellery. If you see stamps such as HGE, plated, gold filled, RGP or EP, then think twice about buying it. This is because you won't be buying solid gold. You'll be purchasing either metal jewellery that has been filled, rolled or plated with gold.

3. Inspect Markings

Sometimes gold pieces will feature markings. These markings help help you identify the quality of the gold, as well as whether or not it is authentic. Use a magnifying glass when inspecting gold for markings.

4. Brand Matters

Another jewellery identification tip to keep in mind is to look for a stamp or symbol that identify the brand's manufacturer. If gold jewellery doesn't have brand markings, then don't buy it. If you own an older piece of gold jewellery or if it's an antique, then bring it to a jeweler. They will have the tools to determine whether or not it is authentic gold.

5. Do The Magnet Test

Finally, use a magnet to see if gold is attracted to it. Pure gold won't be attracted to it. Remember, if jewellery is more than 20 percent alloy, then expect it to be slightly attracted to the magnet. This test isn't foolproof, but nonetheless you should still give it a try.

If you cannot identify your jewellery, then have a professional do it for you. Also, don't forget to purchase a gold bar. Sure, it may seem expensive at first, but you never know when there will be a spike in gold prices. When prices do soar, then you can sell it or have it turned into jewellery and then you can sell it. The choice is up to you.