Share financial knowledge, gold

Common types of gold on the market:

1.24k. In theory, only 100% gold can be called 24K gold, but in reality it is impossible to have 100% gold. Therefore, China stipulates that only gold with a content of 99.96 or more (inclusive) can be called 24K gold. Also called Thousand Pure Gold. The social understanding of 24K gold is pure gold.

2. Thousand Pure Gold: Gold content with a gold content of not less than 999 is called Thousand Pure Gold, which is the highest value in the naming of jewelry fineness. The mark is pure gold, 999 gold, gold999 or g999. However, the state stipulates that starting from May 4, 2016, even gold with a purity of 999 can only be marked as pure gold or pure gold 999. From that day on, all gold sold by merchants must be returned to the factory to have the wording changed to Pure gold is 999, so the term "thousand pure gold" no longer exists.

3. Wanzujin: It should be noted here that there is no national standard for "Wanzujin". In fact, the origin of "Wanzujin" is a trademark registered by a company for its own gold jewelry. . So in a precise sense, in terms of purity, there is no such thing as ten thousand pure gold.

Gold is a precious metal with a monetary nature, and its unit price is calculated in grams. This means that its value is fixed. In other words, as long as the purity is the same, the value of each gram of gold will be the same no matter where you buy it or what brand it is.

However, when you go to buy it, you will find that the price of each store is different. This price difference is the key point of whether it is a good deal for you to buy gold and whether it can maintain its value. But how to distinguish whether the price difference is reasonable or not requires first understanding some of the tricks in gold sales. Let me first explain each to you.

1. Labor cost: Most gold jewelry, especially the more conventional and common styles, the same necklaces, bracelets, bracelets, etc. that can be seen everywhere, in fact, when each merchant gets it from the wholesaler There will be no labor charges, only a few special styles with complicated workmanship will.

The cost is about 1-10 yuan per gram. It would definitely be unreasonable if a merchant had to charge labor fees for each style and the labor fees were very high. Another trick is that merchants will quote a very low gold price, even lower than the internationally quoted gold price, to attract you, and then charge high labor fees. At this time, you must calculate the final transaction price per gram to see if it is reasonable. .

2.3D hard gold. 3D hard gold is a gold technology that has emerged in recent years. It uses very light gold in a vacuum environment to create a more three-dimensional and special shape. It has also become very popular recently. The ones that everyone may be familiar with are Chow Tai Fook’s Lucky Baby and some of Chow Sang Sang’s cartoon bracelets, and those who have bought them may know them.

Many merchants of 3D hard gold sell them at a fixed price instead of by the gram. In fact, these are also calculated by the gram, but the labor cost is relatively high, usually within 50 yuan per gram. For example, today's gold price is 360 yuan, and the gold price of 3D hard gold is almost 410 yuan. However, if you divide the purchase price by the number of grams for 3D hard gold at a fixed price, the price is actually very high. It may generally reach more than 500 per gram. Or even higher, which is very uneconomical. Remember, never buy gold at the fixed price!

3. Gold trade-in for new: Gold trade-in for new is a service that every gold store should have. It is to trade old gold for new products, one gram for one gram, and the new product has the extra grams. Just pay the price. Then if you take the old gold, there will be a depreciation fee (replacement fee, crafting fee) per gram. The terms are different, but the meaning is the same.

The normal cost is about 15 yuan per gram. For example, if you exchange a 10g chain for a 15g chain, the fee you have to pay is 10*15 plus the extra 5g multiplied by the gold price of the day. Apart from that, there are no other costs. Many merchants will tell you that the old gold you bring will be damaged or that the replacement cost is too high. If your gold is pure enough, these costs are unreasonable.

The price of gold also determines whether the gold you buy maintains its value.

Gold is a precious metal with monetary properties. Its price is based on international standards and changes every day. If you buy gold at a price that is too much higher than the international market price, there is no value preservation.

For example, when the international gold price is 360/g, if you go to a certain brand and buy it for 430, then you pay an extra 70 yuan in premium per gram. Gold has to increase by 70 yuan per gram to just protect your capital, and gold will increase. If the price is less than 70 yuan per g, it will not maintain its value.

To determine whether the price is reasonable, I will teach you a way to open Baidu and search for gold prices, and the spot gold price will appear. Generally, it is more reasonable to add about 20 yuan to the price of gold jewelry, which is also more cost-effective and maintains its value.