Tuesday, May 2, 2023

Gold

 



Gold Nuggets Extracted From The River


Gold is found where water flow is disrupted by obstructions such as rocks and logs, or by watercourse characteristics such as river bends. Pure gold is identified as 24K  which is the the highest karat level for gold, indicating that it is 100% pure gold. 18K gold has a purity level of 75%, 14K has a purity level of 58.3%, and 10K has a purity level of 41.7%.  meaning the greater the karat number, the more pure gold the metal contains. However working with pure gold can be quite a battle working with it because it is soft so an alloy has to be introduced to toughen it . metals that are used as gold alloy is silver , copper, nickel and palladium. The scarcity of gold as a commodity, as its lengthy history as a reliable medium of trade, contribute to its value. Gold prices tend to climb during times of economic uncertainty which makes gold a good investment due to its rising inflation.

Gold is a precious metal often found where water flow is obstructed. It's measured in karats, with 24K being pure gold. However, pure gold is soft, so it's alloyed with metals like silver, copper, nickel, or palladium for durability.

Gold's scarcity and historical reliability in trade make it valuable. During economic uncertainty and rising inflation, gold's price tends to rise, making it an attractive investment. Its dual role as a tangible asset and hedge against volatility makes gold a form of portable, easily tradable, and redeemable wealth.

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