The world over, gold is popular as a form of jewelry—used to make high-end watches, bracelets, necklaces, earrings and nearly everything else you can think of in the jewelry world.
And the gold used in jewelry is not even always the yellow metal you’re used to seeing. As the World Gold Council explains:
Yellow gold is still the most popular colour, but today gold is available in a diverse palette. The process of alloying—mixing other metals with pure 24 carat gold—gives malleable gold more durability, but can also be used to change its colour.
White gold is created through alloying pure gold with white metals such as palladium or silver. In addition it is usually plated with rhodium to create a harder surface with a brighter shine. White gold has become the overwhelming choice for wedding bands in the US.
The inclusion of copper results in the soft pink complexion of rose gold while the more unusual colours such as blue and purple can be obtained from the addition of patinas or oxides on the alloy surface. Black gold for example derives its colour from cobalt oxide
What else do you need to know? According to Love & Pieces, “South Asian jewelry is generally more pure than western jewelry, comprised of 22 carat gold rather than 14 carat.”
So what’s the connection between gold and jewelry? Why is it used so often in the making of jewelry—both in ancient times and in the present modern era. As gold.yabz.com explains:
Jewelry and money have always been closely related. Historically precious metals were used as a store of value and tied around the owner’s neck or wrist when traveling. Thus if the caravan was attacked by bandits, the travelers could abandon their bags and flee with their gold. Eventually people noticed that gold and silver looked attractive when worn this way, and these metals started to be used as jewelry. With the development of banking, holding money in this way became less prevalent, although even today many people in Asia and the Middle East keep jewelry in place of fiat currency.
The recognition that precious metals have a monetary component can be seen in the fact that they all have their own ISO 4217 currency code.
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My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.
