How to Buy Raw Gold- Is Raw Gold a Good Investment?
Buying raw gold requires research. Refiners prepare gold in bars of high purity, often at 99.9 percent fineness. However, raw gold typically alloyed to other metals. Therefore, raw gold is not pure.
The Prospecting and Mining Journal reports “that raw Alaskan gold is typically 87 percent pure, with 12 percent silver and 1 percent other metals. Most raw gold is available as dust, flakes and small pieces.
Larger nuggets are rarer and command premium prices. Miners charge the full spot price for pure gold when selling nuggets, even though the gold content is diluted. You can expect dealers to clean raw gold of soil and sediment before sale.” Eric Bank Demand media Read More
Is Raw Gold a Good Investment?
Because raw gold has many variables, it is not recommended as an invest. Raw gold is not an easy investment. Unless you are a gold assayer, raw gold is just a difficult and poor investment.
Sure if you find raw gold in a garage sale, gold-dust.com provides information in the sale. However, assessing raw gold requires an expert.
The main characteristics of raw gold are the following”
-Raw gold can range from pale yellow to an intense golden yellow
-Gold is malleable. Raw Gold deforms, when hit or pressed. If you press a screwdriver into a gold nugget, there will be a visible imprint.
-Raw Gold is very heavy for its size, also known as specific gravity.
Steps in Selling / Buying Raw Gold
1- Your Raw gold will have to be refined, but you first should get the spot price of gold. Some say you should get the physical price of gold per ounce.
2- Get your raw gold assayed. Assaying is a process of testing the purity of your raw gold. The assayer will be extrapolate the value.
3- You can sell your raw gold to the assayer or shop around for a gold dealer.
Please note: all of the steps above require great care!