Is it wise and worth buying non pure gold? Im talking 14 and 18 and 20 karate or whatever type gold
>>61918553Why not? Just be clear how much gold you're actually getting when assessing price.
>>61918553No, anything other than pure is scrap and many countries charge sales tax on scrap gold, also you're paying jewelry markup.
As a rule there is nothing that makes dealers happier than 99.99% pure.That's because A: they're not stacking any unnecessary weightB: they don't have to go and figure out the percentagesC: they can easily sell it to industry who are only looking for pure metals which can be recast into the desired shape immediatelyIf you're looking to invest, buy coins and bars that have a big fat 99.99 stamped onto them.In my country at least, those pure silver coins are currently bought at 110% of spot, whereas junk silver is bought at like 90% of its pure silver content's value.
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>>61918553I'll sell you 50 karate chops for 1 gold bar
>>61918553This is the truth and genuine advice: if you're just trying to invest then you buy 100% gold (24k) in the form of gold bars or gold rounds. You can also buy pre 1933 US gold coins for close to the same price as bars/rounds, but often there is an extra price you pay since they're historically significant. The worst thing you can do is buy jewelry since there is a markup because all jewelry has it. Also since gold is a pretty soft metal you don't see 24k gold rings because it's a bad idea. I think you can find earrings that are 24k gold, but even on a chain it's a bad idea to have 100% gold. There I've done my good deed for the day.
>>61918553Its worth it if you are buying it under spot. Refining 14k or 18k gold is pretty easy chemistry
