Things to know when buying gold on God of Fortune day

1. Why is gold valuable?

Because it is rare, it takes 10 tons of soil and gravel to find a single ounce of gold. Gold is used to make jewelry that is hypoallergenic, beautiful, durable, and requires no maintenance and does not degrade. Gold is used for sensitive circuits in computers.

Gold has been valued since ancient times, from Egypt, China, India, and the Native Americans. Temples, statues, dowries, personal protection, accumulated wealth, public treasury, and personal jewelry used gold.

2. Distinguishing between white gold, platinum and yellow gold:

Vgoldis an alloy of gold, during the manufacturing process, the craftsman adds copper alloy (Cu) to create color.

White gold, including gold and rare metals such as Nickel, Palladium, Platinum...etc. Due to the special properties of the alloy, the yellow color of gold has disappeared in white gold.
In the jewelry industry, white gold is considered an invention of high economic and aesthetic value, because it can almost completely replace Platinum, a rare precious metal that is more expensive than gold and very difficult to make into jewelry.

Therefore, yellow gold is completely different from white gold. White gold is not a coating, but the color is due to the composition of their compounds. And importantly, in terms of value, white gold and yellow gold are equal. There is no such thing as yellow gold being more expensive and valuable than white gold as many people mistakenly believe.

PlatinumPlatinum is not another name for white gold, Platinum is heavier than white gold. Platinum color is not beautiful, easy to tarnish, color is not shiny, sharp.

3. Golden age:

14K gold (58.3%) is commonly referred to as 5 to 8 fine gold.
18K gold (75%) is often referred to as 7 1/2 year old gold.
18K gold (70%) is often referred to as 7-carat gold.

24K gold (90%) is often referred to as 9-year gold.

24K gold (99.99%) is often called 10-year gold, pure gold, ta gold, 4-number-9 gold.

4. How to preserve gold to keep it shiny and beautiful

Gold:Because pure gold is soft, it is easily deformed, so it is impossible to preserve it, unless there is a special display tray like in the store. However, if you want to make it new, you can take it to the store to have it re-plated, but the labor cost is quite high and there is absolutely no worry about losing the gold.

Yellow gold:This is simpler, after wearing for a while, the gold will tarnish, deform, lose stones, etc., etc., this must be taken to a store, costing about 100,000 VND, but renewing is not difficult. You mix a solution including: 1 spoon of mineral water. The solution consists of a ratio of 10 clean water/1 soap solution (shower gel, or dishwashing liquid) then drop the gold in, after 10 minutes take it out, wipe it with a cotton towel.

Things to note when buying gold on God of Fortune day

No need to buy elaborate jewelry

According to experts, if you want to buy gold for luck, you should not buy gold jewelry that is elaborately crafted, studded with stones or mixed with other materials.

For those who buy gold just for luck, then save it in the cupboard and not sell it, they can buy products that match their age and destiny. However, the standard gold in the shape of the zodiac animal is elaborately crafted, has a special mold and is only produced on one occasion... so the cost and labor price are high, the product often "increases" by a few hundred thousand in labor costs. Therefore, if the buyer buys and later wants to sell, he often loses money.

Should choose gold bars or blister-pressed rings

Therefore, if you want to sell without losing money, the best advice is to buy plain round gold rings or gold bars.

If you choose to buy a plain round ring (under 2 chi), you should choose the blister-pressed type, because the type of ring that is not blister-pressed is very likely to be "young gold", gold that is not old enough, weight... because it is processed in small-scale production facilities, making it difficult to determine the quality. The blister-pressed product type has high liquidity and when resold, there is no worry about being deducted for manufacturing fees, losing value...

Require invoice with full product information

When choosing to buy gold bars, customers should ask the store to issue an invoice and clearly state the gold serial number, gold weight... to facilitate future buying and selling and exchanging.

To avoid "losing money and getting sick" when buying gold of poor quality, on this year's God of Wealth day, experts recommend that people should choose to buy at reputable stores that ensure quality.