Many of us buy gold jewellery because – it feels great, our mother said so, it compliments the color of our skin, its a great possible investment, yaddy, yaddy yah. The reasons are as plentiful as the overly honest dealers who would sell you the jewelry.
Perhaps I shouldn’t skip too quickly over the “great investment theme” because its or can be somewhat important to know that “10 Carat gold” all the way up to “18 Carat gold” is generally not considered to be great investment material. And unfortunately the fact that your home insurance will cover it still doesn’t make it investment grade material.
Some of us want to claim an investment while still flaunting the bling on our skin and there is nothing wrong with that so flaunt something a little or considerably better than 18 Carat in order to claim the investment angle. Typically, the areas of the world where stronger than 18 Carat Gold can be purchased are parts of India,Philippines,Hong Kong and the Middle East
Some jewellers who don’t sell 24 Carat gold are likely to tell you that there is no such thing in jewelry since its too soft for most applications. They are not altogether incorrect however from experience I can tell you that 22 Carat Gold necklaces of 110 grams have been known to support the pull of a 50 pound child.
I first started buying gold in Al Khobar, Saudi Arabia. It was, at one time very inexpensive there. Later I moved on to the gold souks of Dubai and the other middle east commercial centers. Genuine 24K stuff can be had there.
If truth be told, I thought I was buying 24, but it was usually only 97-98% pure, but hey, still better than the 14k stuff sold in North America.