Pitfall of Investing In Gold

Pitfall of Investing In Gold

photo by ramyo at http://www.flickr.com/photos/ramyoga/ 

If you invest in or plan to invest in gold, note that there is a pitfall of investing in gold.

Gold investment comes with the risk of parting money for useful gold - fake gold. Fake gold is a gold-like metal that is the gold that it claims to be. A simple analogy is to purchase a piece of stone that is painted to look like gold. This fake stuff is a con job because is worth less than what you spend on the purchase.

Read more about fake gold in this article:


Fake gold in HK but silver lining here

All that glitters can sometimes be a deceitful alloy of seven metals - with just a touch of gold, jewellers in Hong Kong have been finding out this year.

A report by the Financial Times yesterday said that hundreds of ounces of fake gold are making their rounds among goldsmiths in Hong Kong - the most sophisticated counterfeit that they have seen in decades.

'It's a very good fake,' Haywood Cheung, president of the Chinese Gold & Silver Exchange Society, was quoted by FT as saying.

One of the fakes discovered had a coating of pure gold but contained an alloy of seven other kinds of metals - osmium, iridium, ruthenium, copper, nickel, iron, and rhodium - mixed with bullion, according to the report.

The latest and most ingenious mix of metals is not cheap - iridium costs US$700-$800 per troy ounce.


... read more

Source: The Business Times
Author: Joyce Hooi

Editor
Investments Singapore

Invest In Precious Metals

Invest In Precious Metals

In this article on 'Invest In Precious Metals', what lessons can we learn? Have you tried to invest in precious metals before? Are you thinking of how you can invest in precious metals? How are the financial returns if you were to invest in precious metals?

Check out some answers in this 'Invest in Precious Metals' article.

photo by tao_zhyn at http://www.flickr.com/photos/tao_zhyn/ 


Invest In Precious Metals:

Think precious metals: In good times and bad
By Reico Wong
MyPaper


INVESTORS often think about investing in gold, silver and other precious metals only in times of uncertainty, but these assets can be solid investment choices regardless of economic conditions.

Precious metals are rare in nature and have strong, intrinsic value, as opposed to the relative value of paper currency. The metals are thus perceived as a hedge against inflation or financial downturns.


In good times, investing in precious metals can also be an effective way to diversify your portfolio.

Experts say that demand for metals is expected to rise substantially, in line with the ongoing development of emerging markets and their investment in infrastructure.


... read more

Editor
Investments Singapore