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[B1169]Buying Gold In Canada

by Luat Tran Van, Lua

In any financial institute there are three major risks
in business: a risk that those who owe you money (debtors) will not
pay you back, a risk that your inventory can't be sold for lack of
buyers and that the price of your inventory is lowered by market
factors (a good example will be when some computer stores bought too
many Ipods when they first came out, to find out later in the months
that Apple is coming with a better Ipod at a cheaper price).

The first risk is impossible to find in the gold industry because
like many natural resources they are not body's liabilities. Gold
can't be affected by inflation or the domestic countries' economic
and/or political policies.

Let's jump to the lack of buyer's risk. Gold has an international
market with variety of buyers, institutions, jewelers, coins, bars,
certificates, structured products and exchange-traded funds are some
ways of how you can sell your gold. The risk of not having a buyer
for your gold is pretty slim.

The only important risk that might affect buying gold is the market
risk (price is lowered by other market factors). As we all have seen
in the past, for example in 1980s when the gold price declined
sharply.

Whether you presently own a retail or web based business and are looking for an additional profit center or you are thinking of starting a business, jewelry is a “no-brainer” choice for a proven product category. The buying public, (particularly women) never tires of jewelry as the choices in color, materials, finishes and styles are endless and innovations are continual. Every generation reinvents jewelry for itself in much the same way that it reinvents music and fashion. Styles change but the basic facts remain the same. If you are a seasoned professional, please consider the following a refresher course. To the new comer, use this information as a foundation for your ongoing jewelry education.

The Facts About Gold Jewelry
The word gold, used by itself, means all gold or 24 karat (24K) gold. Because 24K gold is soft, it's usually mixed with other metals to increase its hardness and durability. If a piece of jewelry is not 24 karat gold, the karat quality should accompany any claim that the item is gold.

The karat quality marking tells you what proportion of gold is mixed with the other metals. Fourteen karat (14K) jewelry contains 14 parts of gold, mixed in throughout with 10 parts of base metal. The higher the karat rating, the higher the proportion of gold in the piece of jewelry.

Most jewelry is marked with its karat quality, although marking is not required by law. Near the karat quality mark, you should see the name of the U.S. registered trademark of the company that will stand behind the mark. The trademark may be in the form of a name, symbol or initials. If you don't see a trademark accompanying a quality mark on a piece of jewelry, look for another piece.

Solid gold refers to an item made of any karat gold, if the inside of the item is not hollow. The proportion of gold in the piece of jewelry still is determined by the karat mark.

Jewelry can be plated with gold in a variety of ways. Gold plate refers to items that are either mechanically plated, electroplated, or plated by any other means with gold to a base metal. Eventually, gold plating wears away, but how soon will depend on how often the item is worn and how thick the plating is.

Gold-filled, gold overlay and rolled gold plate are terms used to describe jewelry that has a layer of at least 10 karat gold mechanically bonded to a base metal. If the jewelry is marked with one of these terms, the term or abbreviation should follow the karat quality of the gold used (for example, 14K Gold Overlay or 12K RGP). If the layer of karat gold is less than 1/20th of the total weight of the item, any marking must state the actual percentage of karat gold, such as 1/40 14K Gold Overlay.

Gold electroplate describes jewelry that has a layer (at least .175 microns thick) of a minimum of 10 karat gold deposited on a base metal by an electrolytic process. The terms gold flashed or gold washed describe products that have an extremely thin electroplating of gold (less than .175 microns thick). This will wear away more quickly than gold plate, gold-filled or gold electroplate.

Article Source : Pg. 17

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Both Luat Tran Van & Sam Serio are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Luat Tran Van has sinced written about articles on various topics from Site Promotion, Investments and Bankruptcy Lawyer. For more information concerning gold investment, real time goldexchange rates, articles, news, gold games and the official list towhere gold can be bought, visit us at Gold Land USA @ Gold Land USA for more Gold I. Luat Tran Van's top article generates over 368000 views. to your Favourites.

Sam Serio has sinced written about articles on various topics from Jewelry, Shopping and Jewelry. . Sam Serio's top article generates over 201000 views. to your Favourites.