Where do jewelers get gold?
Major refineries like Johnson Matthey, Handy & Harmon, etc., do not sell all their refined gold as bars to banks, governments or private mints. Some of their product is sold to distributors who in turn sell it to jewelry manufacturers. This gold is usually of certified purity and in the form of smaller bars or “casting grain”. Casting grain is made from gold already alloyed into 14K, 10K, etc., and poured while molten through a sort of ceramic sieve into water. The gold instantly solidifies into little pieces about the size and shape of rice or smaller. This is usually sold in ounce bags or bigger for jewelers to melt and cast into jewelry.
Re: Where do jewelers get gold?
Hi! Fashion-conscious people tend to place more value on the type, style, and design of the jewelry they use. Whether for a man or a woman, jewelery is in the wardrobe of any style fanatic. So, when you are looking for jewelry, remember that it must be made of pure material, no matter if it is gold or silver, nowadays you can easily tell the purity on the jewelry label if you buy mens diamond bracelet. In addition, when you wear jewelry for a long time, you need to take care of it: you should not wear your jewelry when taking a shower, avoid too much sweat, remove jewelry while sleeping, etc.
Re: Where do jewelers get gold?
Quote:
Originally Posted by
JohnStaples
Major refineries like Johnson Matthey, Handy & Harmon, etc., do not sell all their refined gold as bars to banks, governments or private mints. Some of their product is sold to distributors who in turn sell it to jewelry manufacturers. This gold is usually of certified purity and in the form of smaller bars or “casting grain”. Casting grain is made from gold already alloyed into 14K, 10K, etc., and poured while molten through a sort of ceramic sieve into water. The gold instantly solidifies into little pieces about the size and shape of rice or smaller. This is usually sold in ounce bags or bigger for jewelers to melt and cast into jewelry.
Hey, sorry if my question is off topic. Currently, I'm exploring the idea of investing in gold and gold companies. Wondering if anyone here has insights on the current market trends, potential risks, or success stories in this area? If anyone is expert in ira investing, please share your suggestions. Thanks!
Re: Where do jewelers get gold?
Quote:
Originally Posted by
Mikecolady
Hey, sorry if my question is off topic. Currently, I'm exploring the idea of investing in gold and gold companies. Wondering if anyone here has insights on the current market trends, potential risks, or success stories in this area? If anyone is expert in ira investing, please share your suggestions. Thanks!
IF you're seeking help to invest in IRA gold, I will suggest you to check about American Hartford group which is best known for gold investment. Moreover, this article reviews american hartford group | are they the best gold ira and you will get best data. Thanks!
