Gold Bullion- Eeverything You Wanted To Know

One of the favoured ways to increase your investments is to gold bullion in some form or another.
By: Nathan Barker
 
Sept. 13, 2010 - PRLog -- Gold bullion coins or bars are often a favourite. Many people invest in gold to provide a hedge against changes in the economy and the market. Gold has a long tradition of being used as a safe investment. Before you begin to invest in gold bullion bars you need to understand a little more about gold.

First, you have to determine the quality of the gold. The term, karat (k) is used as a measure or unit of gold. The US and Canada use the karat system. In Europe it is often referred to as 'fine' or 999. Anytime you see gold listed with a quality number below 24 it reveals that the gold is not one hundred percent pure but mixed with some other form of metal. For example, if you see gold bars that are listed as 18K this means the bars are only seventy-five percent gold with twenty-five percent of some other metal. When looking at buying gold bullion bars you should avoid any gold that is not at least 0.999 pure or what is also known as 24 karats.

Gold is measured in troy ounces. Platinum, silver and gold all use this form of measurement. The word was derived from the French city of Troyes where precious metals were traded and the term troy was first used concerning gold and other precious metals. Most banks buy gold in metric tons where a ton is equal to 32,150 troy ounces. Gold bullion comes in many forms including bars, coins, and jewellery. It is important to consider each form before making a decision on which you might wish to use.

Gold prices are determined twice a day in London. This price is set in US dollars and it is the international benchmark by which other countries compare the value that they price gold. Anyone can use the Internet to keep up with the price of gold and to determine if it is changing from one country to another. You might be able to buy gold bullion bars for a few cents cheaper than what it is being priced in London. Then you can turn around and sell it for a profit. However, you should realize that this can go both ways.

For those who want to lower the risk of their investment portfolio, gold bullion bars can be a great way to accomplish this. Gold has long been the symbol of success throughout history. Because of its beauty and durability, gold bullion is a favoured way to protect one's investment. Gold has held its value over long periods of time and is often not susceptible to changes in the market, at least over the long run.

If you decide to purchase gold bullion, be sure you know your seller and find a secure place to store your gold. Avoid the risk that may come with purchasing gold from companies or individuals you do not know.
Visit the site as http://1stgoldbullion.com or http://1stgoldbullion.com/Gold-Bullion/category/gold-bull... .

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1st Gold Bullion is a site dedicated to the hostory, trading and commercial aspects of gold and precious metals. 1stGoldBullion contains Gold spot prices, gold trading volumes and background of all matters gold.
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Source:Nathan Barker
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Tags:Gold Bullion
Industry:Business, Financial, Jewelry
Location:England
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