gold
Gold is classified as one of the most precious metals. It is also a chemical element. The number 79 is counted in its periodic table. It is found in nature in the form of cores, which are atoms or granules found in rocks or oceans.
It is soft and shiny, yellowish, and is formed according to its intended use, such as jewelry, or alloy, for investment purposes and prevention of loss in inflation or economic crisis or devaluation of a country’s currency.
Gold bullion
Alloy is defined as one of the measurement units used to measure the weight of any pure metal. Gold bullion is used to measure the weight of pure gold extracted from the ground by gold mine mining. The most common characteristic of gold alloys is purity, which is 99%. The alloy is considered the best face for investment. The reason for this is to preserve its value and not lose it even in the worst case, in contrast to jewelry, which are worth less than the value of craftsmanship or stamping or so-called gold.
Gold alloy weights
The weights of the gold bullion vary between each other. The weight of the pure gold alloy is 24 carats. In order to know the weight of the alloy, it should be noted that each gram is equal to five carats, ie, the 24-carat is equal to about 5 grams , and the weights of alloys are as follows:
- Gold alloy weighing 5 kg.
- Gold alloy weighing only one kilo.
- Gold alloy weighs half a kilo.
- A gold ingot estimated to weigh about a quarter of a kilo.
- The gold alloy has a weight of 116.6 grams.
- Gold alloy weighing 100 grams.
- Gold alloys weighing 50 grams.
- A gold alloy with an ounce weight of 31.5 grams.
- Gold alloy weighing 10 grams.
- Gold alloy weighing 5 grams.
- Gold alloy weighs 1 gram.
Types of gold alloys
The alloys are classified into three types:
- Alloy type 999.9.
- Alloy of type 999.5.
- Alloy of type 995.0
Difference between bullion and gold coins
The difference between gold bars and gold coins lies in the fact that the coins are made of some copper, ie they are not made of pure gold, but their weight is about 91.67% of their weight, while the rest is made of copper, and engraved with some marks, but they are not suitable for investment as in the case of gold bullion.
The gold bullion, which accounts for 99% of the weight of the gold, is the highest in the world of gold, and is considered the most useful in cases of investment.