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What are the different types of gold?

When it comes to gold, everyone knows it is a valuable metal that has been around for hundreds of years and still holds many uses today. We often hear of people stocking up on gold, but what exactly is the different types of gold and why should we care?

Gold is typically found in two forms—jewelry grade and bullion grade. Jewelry grade gold is a higher quality, purer form of gold that is perfect for making jewelry pieces, such as rings, necklaces, and earrings. This gold is typically at least 18k (or 75% pure) and can be as pure as 24k (or 99.9% pure). Jewelry grade gold usually costs more because of its higher gold content.

Bullion grade gold is a lower quality, less pure form of gold that’s best used for investment purposes. This gold is usually 22k (or 92.5% pure) and is the most common form purchased for investment. It’s not uncommon to see this gold in coins, bars, wafers, and other forms of gold bullion.

In addition to these two types of gold, there is also colored gold. This is a special type of gold that’s used to add a unique look to jewelry or for decorative purposes. It is often alloyed with other metals, such as copper or nickel, and comes in various colors, including rose gold, 白金, and green gold.

So why should you care about the different types of gold? Not only can knowing the different types of gold help you find the best one for your needs, but it can also help you make smarter investments. If you’re investing in gold, you’ll want to make sure you’re getting the best quality gold for your money—and knowing the difference between jewelry grade and bullion grade gold can help you do just that.

No matter what you plan on using gold for—investing, making jewelry, or another purpose—it’s beneficial to know the different types of gold and why you should care about them. Understanding this can help you make the best decision for your individual needs, ensuring you get the highest quality gold for your money.