Current price of Gold

 

 

What is white gold?

 

Strictly speaking there is no such thing as white gold. Gold is gold is gold.

 

While its malleability makes gold ideal for fashioning into jewelry, it is actually too soft for many applications. So for thousands of years jewlers and coin makers have been creating alloys of gold.

 

When you make an alloy of gold, depending on the other metals you use in the mix, you get a change in malleability and in color.

 

White gold became fashionable in the 1920s and is simply an alloy of pure gold, plus a combination of one or more of the following: silver, copper, nickel, zinc, palladium.

 

If you are buying gold as an asset, you won’t be interested in white gold or any other gold alloys. What you want is .9999 pure gold. In the world of jewelry this is referred to as 24 karat gold.

 

But you don’t want to buy jewelry either. If you do, you’ll be paying a large premium over the value of the gold itself.

 

In other words, stick to buying gold bullion coins.