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WHITE GOLD VS PLATINUM, WHICH WAY?
White gold and yellow gold both are alike. We deal in fine yellow gold mined from the DRC Congo and our offer is usually below normally market price since no taxes are levied on all deals.
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White gold is a famous substitute to yellow gold, platinum or silver. Some people have better preference for the silver color in white gold to the yellow in normal gold, though they may find silver to be too easily tarnished or soft or that the price of platinum is too prohibitive. Although the amounts of yellow gold in white gold vary, one or two light metals are used to make its colour lighter, add strength, make it durable and add gold value. The commonest white metals used in white gold are palladium, nickel, manganese and platinum. White gold’s purity is expressed in terms of karats as is with yellow gold.
Why 24 Karat Gold is not good for Jewelry
Gold, when mined is a pure element that is relatively soft and yellow. The colour in the 24K gold that many people like is the natural one, but because of the lack of hardness in gold; your jewellery might not be durable and safe from corrosion. Gold is therefore sometimes alloyed with metals enumerated above in order to make it hard. This coating affects its color and its hardness.
DUBAI TRADE IN WHITE GOLD IS LUCRATIVE
Trade in white gold is so lucrative today that most people have ignored other precious metals. White gold prices today are so tantalizing that investors fall for them, ignoring other metals like silver and platinum. For instance, the Dubai gold rate is much cheaper and traders flock the city in search of better prices for solid gold.
IS IT SAFER TO INVEST IN GOLD OR IN PLATINUM?
Although gold appears safer in terms of investment returns, platinum is not amongst the list of metals investors are craving to venture into these days yet it is a metal of immense value in the creation of white gold. Platinum is very rare and has more industrial uses as compared to gold. It is actually thirty times rarer than gold! The world’s leading manufacturer of platinum, Anglo American Platinum LTD, have clearly indicated that its operations in two mines will close soon. For this reason, there is likely to be a supply crunch and prices will be pushed higher.
THE PRICE OF PLATINUM SOARED RECENTLY
Recently, the price of platinum soared above gold indicating that there was a boost of assurance in the US economy. This also kind of predicted an end to the Federal Bureaus’ bond buying programme. Investors ought to remember that when the ratio of gold to platinum is low, it points towards the direction of a weaker economic condition and a general global economic weakness.
Judgement on whether You should Invest in White Gold or Platinum
Although platinum and gold are both precious metals and run together, platinum responds more to news from outside and the industrial arena. An investor who is interested in swelling a little in terms of portfolio growth might realize that this is the time to invest in the white gold. But, don’t forget that gold is the only alternative for investors paving a way to massive wealth accumulation and preservation.
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