22 Comments

    • Margarita

      Hello,

      “Au” may simply stand for a chemical symbol of gold.
      It also may stand for a company name or refinery.
      But I’m inclined to think that it stands for a chemical symbol of gold.

      Thanks for dropping by, and let me know if you have any more questions!

  1. Anonymous

    maam good day, how could you compare the value of 999.9 chinese gold to other countries 999.9 refineness particularly saudi or japan gold

    • Margarita

      Hello,

      Thank you for your question.
      If it says 999.9 on a bar as long as it’s not fake and coming from a reputable refinery or bank, doesn’t matter whether it’s Chinese or Japanese.

  2. Hayley Jepson

    I have just bought a gold bar that says doneness 999.9 weight 1g is this a good investment and how much is it worth? Also, is there anyway, of knowing when the price of gold increases and by how much. I purchased my gold as an investment.

    • Margarita

      Hi Hayley,

      I apologize for a delay in replying.

      Gold is an excellent investment – keep it up!

      As long as you bought the bar from a reputable dealer, 999.9 means that it’s the best possible purity.
      Its worth is determined by its weight as well as when you decide to exchange it for currency (i.e. the price of gold at that time.)

      Although it’s complicated to predict when the price of gold will go up next, gold price usually increases in times of economic instability such as recession.
      You can see this in Figure 4 provided in this article: https://freewithgold.com/gold-to-oil-price-ratio-spikes-during-times-of-recession-usually
      The gold price (# of barrels of oil you can buy with one 1 ounce of gold) spiked around 2008-2009 and 2014-2015 which were two recessions we had in the last decade.

  3. Melissa

    Hello, I have a gold necklace, not to sure where it’s from, but from the clasp, I believe over seas. It has 9999 on it, along with a few marks. It weighs 42 grams, and it looks like the beads on it are painted. Is just straight numbers no decimal mean it could be pure gold? Thank you.

    • Margarita

      Hi Melissa,

      If it’s a genuine gold necklace, then 9999 stands for 0.9999. (It also mean the same as 999.9 I bring up in this article).

      So, the necklace is 0.9999 gold, which is highly refined gold since it means that 99.99% of the necklace is pure gold.
      And only 0.01% are impurities like iron and copper.

      This Royal Canadian Mint coin also has 9999 on it (no decimals) just like your necklace.

      Given that your necklace is 42 grams, it is very valuable – congratulations Melissa, you are fortunate to have it in your possession!

  4. Maysa

    Hi, I have an 18K gold earrings from Afghanistan but I’m surprised it doesn’t have a marking… to my knowledge I have known that all real gold jewellery has a marking. Is it possible that sometimes real gold don’t have a marking?
    Thanks

    • Margarita

      Hi Maysa,

      Thank you for dropping by 🙂
      Yes, it’s possible.
      I guess you know that the earrings are 18K from the packaging…?

      Now, if you’re trying to confirm that the earring ARE 18K gold…
      Take your earrings to some nearby place where Cash for Gold is offered: they would have someone on site who would be able to tell you whether your earrings 18K or something else.

      Have a beautiful day 🙂

    • Margarita

      Hi Mukesh,

      Thank you for your question!

      Are you looking to buy ounce-size bullion?
      If so, then here are 4 reputable retailers with competitive prices:
      1. APMEX
      2. BGASC
      3. Money Metals Exchange
      4. Suisse Gold

      Or are you looking to buy small-weight bars?
      If so, then I recommend Karatbars because of the superior quality of bars and 4 security features on each bar. Plus, the fact that you get paid for saving in gold.

      If Karatbars doesn’t suit you for some reason, some other reputable producers of small-weight bars are: UBS, Credit Suisse, PAMP Suisse, Valcambi Suisse, Argor Heraeus, Austrian Mint and Heraeus.

      Read more on the above-mentioned companies in “4 reputable places to buy gold…” post.

      Good luck with your purchases 😉

    • Margarita

      Hi Rajiv,

      999.0 bar means that a bar is 99.90% pure gold.
      999.5 means that a bar is 99.95% pure gold.
      999.9 means that a bar is 99.99 pure gold.

      Out of these three, a 999.9 gold bar is the most pure.
      A fineness of 999.9 is also the highest purity possible — in gold bullion context.

  5. Anonymous

    Hi, i have a question, I actually have a gold in a small bottle and it is Australian gold… it says on the package that it is 999.9 pure gold.. the gold in the bottle are like flakes with liquid is that worth something?

    • Margarita

      Hey,

      If it says ‘999.9 pure gold’ and the product is genuine then yes, it worth something. However, it depends how much the flakes weigh. Since you say that the bottle is small, then probably the flakes weigh very little.

      Hmm.. flakes? Sounds like the product’s original purpose is decorative or even culinary.

      Yeah, you can eat gold 😉 Look at this doughnut with gold flakes 😉

  6. I have a bank in Mexico that has “centenarios” for sale and the price works out to $2157 per ounce. The coin says it’s only 0.9 (not 0.999). I see the current gold price is about $1838 per ounce, and I believe this is for 0.999. But there’s nowhere else to buy gold here that I can see; no private vendors, the banks have a monopoly on the market, so it may be the only option I have. I would love to hear your thoughts on this…

    • Margarita

      Hi Theresa,

      0.9 gold is VERY close in purity to 0.999 gold.

      I’d contact this bank and ask what’s the purity of those coins for real.
      It actually may be 0.999 as it may depend on the producer’s preferences of how they desire their stamp to look like.

      If the coins are indeed 0.9 in purity, and you know the coins of exceptional quality, and the bank has an established reputation for the coins, and this is your only option, I’d go ahead myself and purchase some of them 🙂

      Stay happy 🙂

  7. Steven

    Hi Margarita,

    People often ask about how to purchase gold for investment. However, my question is about the opposite direction. If one has accumulated some gold in the form of jewelry and bullion, what is the best process to appraise and convert them to cash without being ripped off? Thank you for your help.

    • Margarita

      Hi Steven,

      I apologize for such a delay.
      What I did (about 3 times; small gold bullion bars) is I went to a reputable, local gold to cash shop.
      They will do an acid test to determine the purity of gold in your jewellery/bullion (in karats) and give you cash based on the current gold price per gram.

      🙂

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