Certified-Gold vs Standard Gold. A guide to unveil the difference
Certified-Gold vs Standard Gold are two different terms of gold that need to be understood by every gold dealer whether investor, collector, broker or any other kind. Therefore, when it comes to investing in gold, understanding the difference between certified-Gold vs Standard Gold is important. In this blog post, we will explorer the key differences between these two types of gold and what they mean for all gold dealer. Meanwhile contact a gold expert from Jesa Minerals your gold and copper trading in Africa
What is meant by standard gold?
Standard gold refers to gold that meets a certain level of purity bench marks like 24K (99.9% pure) 22k (91.6%) or 18k (75%pure). Its sold by reputable dealers and its purity and authenticity rely on trust or in house assurance, therefore not for third party certification.
Common examples of standard gold
- Gold bars or coins sols without an assay or certificate.
- Gold jewelry from local or unverified sources
- Bullion that may meet purity standards, but lacks formal documentation
What is meant by Certified Gold?
Certified gold, on the other hand refers to the gold that has been verified by reputable third party authority, such as refinery or assay office, to meet specific standards of purity and quality. As a result, certified gold is often stamped or marked with a hallmark or serial number to guarantee its authenticity.
Examples of certified gold
- Gold bars from LBMA refineries
- 24K gold coins with assay cards
- Hallmarked 22k jewelry
Pros of certified gold
- They are often accepted worldwide
- Increased buyer confidence and legal protection
- Guaranteed purity and weight
- Its easy to resell it.
Cons
- Slightly higher premium due to certification process
- There is high risk for forged certificates, not bought from trusted source.
Key difference between certified-Gold Vs Standard Gold
| Feature | Standard Gold | Certified Gold |
| Resale value | Lower or negotiable | Higher and consistent |
| Documentation | Rare or informal | Certificate or hallmarks |
| Buyer Confidence | Moderate | High |
| Purity assurance | Based on seller’s claim | Verified by authority |
| Price | Slightly cheaper | Premium for verification |
Benefits of certified gold
- Increased Value : Certified gold is often more valuable than standard gold due to its guaranteed purity and authenticity.
- Authenticity: Certified gold is verified by third party authority, confirming its authenticity and reducing the risk of counterfeiting.
- Guaranteed Purity: The certified gold is guaranteed to meet specific purity standards giving investors confidence in their purchase
Which should you choose as for certified-Gold Vs standard Gold
Considering that, choosing depends on what you want or purpose
- Trade and Resale: Certified gold always holds the upper hand. Its very easy to prove its value and authenticity
- For Personal use or gifting : Certified gold offers peace of mind, but if your buying from trusted local jeweler, standard gold may be sufficient. Remember to be vigilant.
- Investment Purposes: Certified gold is strongly recommended. The guarantee of purity, resale ease and international acceptance makes it a safer asset.
In Conclusion
When it comes to investing in gold, certified gold offers a higher level of assurance and value compared to standard gold. Therefore, through understanding the difference between these two types of gold, investors can make informed decisions and can ensure that their gold investment meets their needs and expectations.
FAQs
1 What are the benefits of certified gold?
Certified gold offers guaranteed purity, authenticity and increased value compared to standard gold.
2 Can standard gold be counterfeit?
Yes, standard gold can be counterfeit if it is not verified by a reputable third party authority.
3 Is certified gold more expensive than standard gold?
Certified gold may be more expensive due to the verification process and guarantee of purity and authenticity
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