How is Purity Measured?

The measure of the purity or fineness of a precious metal is calculated in karats. Pure gold is 24 karat.For this reason, the actual gold content of any object is the percentage relationship of its purity to 24. For example, 18 karat gold is 18kt/24kt or 75% pure gold or 750 fine. Fineness is a measure of the purity of a particular specimen of precious metal measured in parts per thousand. Fineness is calculated as the fraction of (fine weight)/(gross weight) measured to four decimal places and multiplied by 1000. Absolute purity is 1000 fine, but is impossible to achieve with current refining technology. Purity of 99.5% is written as 995. fineness.The highest fineness seen in the bullion industry is 999.9 or “four nines.”

We source our product from one of the leading and largest distributors of precious metals in the world. They have been in the precious metals business for more than four decades and thus we are extremely confident that all the products we sell to customers are the genuine article. The modern gold bullion coins supplied to us are minted and issued by the national mints of South Africa, the UK, the US, Canada, Austria, Australia and China. Each sovereign mint has adjusted the total weight of their respective gold bullion coins such that upon subsequent smelting, an investor would have exactly one troy ounce of pure, 100%, 24 karat gold. The sophistication of the design and craftsmanship of these coins make them extremely, extremely difficult to forge. Indeed the labour and technology needed to create forgeries would make it a highly uneconomical endeavour.

However, in order to give our clientele absolute reassurance, we commit ourselves to buying back at the prevailing market price any product which we have sold and which the client is not 100% happy with if they are returned to us with the receipt or invoice within 7 working days of delivery.

If you are going to take personal possession of your gold you are better off with the universal liquidity, divisibility, and convenience afforded by 1-ounce bullion gold coin and or pre-1933 European and World gold coins. They can be resold virtually anywhere, and they do not require re-assaying upon sale.

Gold bullion bars and coins in the last twenty years have become the most liquid, divisible, and accepted form of gold bullion worldwide. They trade on an everyday basis, and upon resale allow you to avoid the fees, delays, assays, and discounts involved in liquidating larger gold bullion bars. The guaranteed gold bullion coins, certified products from the various government mints, are simply the smartest and safest way to buy gold bullion if you are going to take physical possession yourself.

The most popular of these coins are the South African Krugerrands, American Eagles, Canadian Maple Leafs , Austrian Philharmonics, Australian Kangaroos and Chinese Pandas. Johnson Matthey gold bars are probably the most common and globally recognised bullion bars in the precious metals market.

 

 

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