Sunday, March 12, 2006

gold and platinum wedding bands


Latest Info:

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Wednesday, January 04, 2006

hoard gold

While the average person cannot afford to hoard gold, he or she could invest in smaller amounts of precious metals. But wouldn't it make more sense for governments to back currency in some cheaper commodity for the middle and lower classes, say aluminum or copper? Can you imagine a zinc or chromium certificate--something, anything to reassure a citizenry? When the US government ceased minting pure copper pennies, many older folks assumed the penny was worth far less than the copper content. When a populace awakens to discover their currency is worthless on the worldwide market, fascism becomes a probable next step.

According to a clarifying column on NESARA: Back To Basics--The Nature of Money: "The first requirement of any monetary system is that it be a moral system, honesty being a step in that direction. Honesty requires that the total amount of any paper currency issued with a promise of redemption be 100% redeemable at any time. Furthermore, any individual must be able to redeem even the smallest unit of currency on demand. Mere appearance will not serve." The German Nazis rose to power on civic unrest, hate and inflated currency. Sound familiar here?

Presently "fiat currency" is the form of paper money most governments use, or abuse in the case our our dear, late lamented and near departed Republic. Will all American citizens share the burden of a defunct currency when it occurs? Emphatically NO. The little warning signs of a crumbling currency--one not backed by anything beyond propaganda--are already evident. Although these screaming headlines--SOROS AND BUFFETT BETTING AGAINST US DOLLAR!--rarely make the front page of your hometown paper, the information is well known and available to those with diversified portfolios.

"Through the spring of 2002, I had lived nearly 72 years without purchasing a foreign currency," Buffett writes in Fortune, beneath a bold headline about selling the nation out. "Since then Berkshire has made significant investments in—and today holds—several currencies. I won't give you particulars; in fact, it is largely irrelevant which currencies they are. What does matter is the underlying point: To hold other currencies is to believe that the dollar will decline."

If two of the richest men in America prefer to invest heavily in the European currency, what does that say about the health of the US dollar? More than a year ago, the credible rumor was that Saddam Hussein came close to convincing OPEC to demand payment in euros. Anybody seen scraggly Saddam, our former ally, lately?

Should we buy gold before they sell out? Should we buy gold and silver as a hedge against the teetering dollar, that is, before the government sells us all out? Or better yet, should we be buying euros before Washington bankrupts the country? Perhaps it would be even wiser to privatize US coinage and open up our currency to competition. Before we were ever a nation--in the Eighteenth Century--colonial coinage was a mixed bag. Perhaps our destiny is to return to that system again. Gold, silver and copper coins and the paper currency backed by wealth rather than a mountain of debt. To those of us who once collected coins, the golden age of American coins happened in the not too distant past and, perhaps, in the not too distant future.

As a recommended glimpse of those distant days--the height of golden American coinage--and the inherent disasters of hoarding or even carrying gold, I recommend: Ship of Gold. For those readers who intend to corner the precious metals market I recommend this short and entertaining history, written almost as a moral lesson about greeds and needs.

hoard gold

While the average person cannot afford to hoard gold, he or she could invest in smaller amounts of precious metals. But wouldn't it make more sense for governments to back currency in some cheaper commodity for the middle and lower classes, say aluminum or copper? Can you imagine a zinc or chromium certificate--something, anything to reassure a citizenry? When the US government ceased minting pure copper pennies, many older folks assumed the penny was worth far less than the copper content. When a populace awakens to discover their currency is worthless on the worldwide market, fascism becomes a probable next step.

According to a clarifying column on NESARA: Back To Basics--The Nature of Money: "The first requirement of any monetary system is that it be a moral system, honesty being a step in that direction. Honesty requires that the total amount of any paper currency issued with a promise of redemption be 100% redeemable at any time. Furthermore, any individual must be able to redeem even the smallest unit of currency on demand. Mere appearance will not serve." The German Nazis rose to power on civic unrest, hate and inflated currency. Sound familiar here?

Presently "fiat currency" is the form of paper money most governments use, or abuse in the case our our dear, late lamented and near departed Republic. Will all American citizens share the burden of a defunct currency when it occurs? Emphatically NO. The little warning signs of a crumbling currency--one not backed by anything beyond propaganda--are already evident. Although these screaming headlines--SOROS AND BUFFETT BETTING AGAINST US DOLLAR!--rarely make the front page of your hometown paper, the information is well known and available to those with diversified portfolios.

"Through the spring of 2002, I had lived nearly 72 years without purchasing a foreign currency," Buffett writes in Fortune, beneath a bold headline about selling the nation out. "Since then Berkshire has made significant investments in—and today holds—several currencies. I won't give you particulars; in fact, it is largely irrelevant which currencies they are. What does matter is the underlying point: To hold other currencies is to believe that the dollar will decline."

If two of the richest men in America prefer to invest heavily in the European currency, what does that say about the health of the US dollar? More than a year ago, the credible rumor was that Saddam Hussein came close to convincing OPEC to demand payment in euros. Anybody seen scraggly Saddam, our former ally, lately?

Should we buy gold before they sell out? Should we buy gold and silver as a hedge against the teetering dollar, that is, before the government sells us all out? Or better yet, should we be buying euros before Washington bankrupts the country? Perhaps it would be even wiser to privatize US coinage and open up our currency to competition. Before we were ever a nation--in the Eighteenth Century--colonial coinage was a mixed bag. Perhaps our destiny is to return to that system again. Gold, silver and copper coins and the paper currency backed by wealth rather than a mountain of debt. To those of us who once collected coins, the golden age of American coins happened in the not too distant past and, perhaps, in the not too distant future.

As a recommended glimpse of those distant days--the height of golden American coinage--and the inherent disasters of hoarding or even carrying gold, I recommend: Ship of Gold. For those readers who intend to corner the precious metals market I recommend this short and entertaining history, written almost as a moral lesson about greeds and needs.

Money

Money. Neither a solid nor a liquid but a vaporous gas--impossible for rich or poor and even most economists to grasp--money remains an illusion. Ask yourself: why is the printed paper money in your purse or wallet worth so much more than the newsprint in the trash? Is it human faith or a fabulous con job that makes paper money retain the value that all governments give it?

US paper dollars bear the fine print: "This note is legal tender for all debts public and private," but years ago--in addition to this statement--US currency was known as silver certificates, entitling the bearer to "One Dollar in Silver Payable to the Bearer on Demand." Today these silver certificates are only worth what collectors will give for them as curiosities; no bank will redeem them for silver because American banks haven't traded publicly in silver in more than 40 years.

"Until about 1963, silver dollars routinely circulated as legal tender. This was a relatively unpopular coin," said Art Arbutine. "When I collected in the 1950s and 1960s, I would go to banks and ask for silver dollars, and usually got all that I wanted. The banks were glad to get rid of them. I'd scan the coins for better dates, and spend the ones I didn't want."

Before that time, long before FDR confiscated America's gold, US currency carried the weighty guarantee of the gold standard. Paper money was actually backed in gold! One of my favorite memories of working in the cabinet/antique trade ten years ago was seeing--for the first and only time--an actual 50 dollar bill, gold certificate. Seems an old rolltop desk had a secret compartment and when disassembled for repair, a bankbook from a defunct Santa Monica bank was discovered along with a one dollar, silver certificate bank note from1899, a $50 silver certificate, and that aforementioned $50 note.* Ironically, the last entry in the bankbook was 1929, which as most older Americans know, was a very pivotal year. If history really does repeat itself--as shockingly as that seems--we may be witnessing deja vu all over again, regarding American economics.

Tuesday, December 27, 2005

Platinum Versus White Gold

Platinum Versus White Gold (and a PS regarding Titanium)
Also
14k Yellow Gold Versus 18K/24K Yellow-Gold

Why is Platinum so very expensive:

Platinum is rare. Ten tons of platinum ore is required to process a single ounce of pure platinum. Platinum is very dense-60% more dense than Gold. A piece of jewelry made of Platinum is considerably heavier and stronger than its counterpart in Gold, therefore more expensive due to its bulk weight alone. The most important consideration is the labor factor in producing a finely finished piece of Platinum jewelry. Due to its density and unique working properties, it requires a highly skilled craftsman to create a quality piece of Platinum jewelry. The working environment must be absolutely pristine and free of other metal contaminants-requiring the Platinumsmith to maintain a separate set of tools exclusively devoted to Platinum jewelry.

What is the difference between White Gold and Yellow Gold?

To understand White Gold, one needs to understand Yellow Gold

Pure Yellow Gold (fine gold) is softer than pure silver, but harder than tin. Its beauty and luster are unmatched by any alloyed gold (pure gold mixed with other metals). The extreme malleability, ductility, and softness of pure gold make it practically useless for jewelry applications. It is just too soft!

The addition of alloying elements (other metals) to gold are used to increase the toughness and hardness of the metal. While almost any metal can be alloyed (melted) with gold, only certain metals will not dramatically change the color or make the metal brittle. The addition of the metal like Indium (great as an alloy with Platinum), for instance, turns gold into a purple color and gives resulting gold the workability of glass. Any pressure and it shatters.


Over time, certain percentages of gold have become legally recognized "karats." The karat indicates the amount of gold as a percentage of the total:

24 karat is 24/24's gold or 100% gold.

18 karat is 18/24's gold or 75% gold (25% of the other metals are non-gold)

14 karat is 14/24's gold or 58.33% gold. (41.67% of the other metals are non-gold)

In karated gold, there is a balance of the other metals in the non-gold percentage. These metals provide the various colors and hardness of karated golds.

Typical alloying metals mixed with gold and their color visual effects are:

24 karat Gold has a stunning visual Gold effect of course

Mixing Gold with Copper causes a visual Reddening effect

Mixing Gold with Silver causes a visual Greening effect

Mixing Gold with Zinc causes a visual Bleaching effect of the gold

Mixing Gold with Nickel causes a visual Whitening effect

Mixing Gold with Palladium causes a visual Whitening effect

How do jewelers use the above metal alloys to obtain different visual Gold colors???

18k and 14k Yellow Gold is Gold alloyed with copper, silver, zinc

14k and 18k White Gold is Gold alloyed with copper, nickel, zinc

Red Gold (or Rose) is Gold alloyed with just copper

Green Gold (you hardly see it ever used) is Gold alloyed with just silver

Adjusting the proportions of coloring metal agents shown above provides the array of colors on the market.



So finally, what is the difference between 14k & 18k Yellow Gold and 14k & 18k White Gold???

Yellow Gold is alloyed with silver, while White Gold is alloyed with nickel. It is that simple.

So if someone ever tells you 14k White Gold and 14k Yellow Gold are different, they are correct to a point. They are different only in visual color and whether one of the additional metals alloyed with the Gold was silver or nickel. They are not different as to their 58.3% pure Gold content and they are not different as to their percentages of alloyed copper and zinc.

Short answer is:

Are Yellow Gold and White Gold different metals? NO!!

Are Yellow Gold and White Gold different Gold alloys? YES!!


Even though it is called ‘White Gold’, the alloyed metal has a slight yellowish tint. A jewelry item made of White Gold is often electroplated with a thin coating of Rhodium, which is a member of the Platinum family metals (to make it more white from its yellow).

There really is no distinct advantage in using White Gold versus Yellow Gold; it is a matter of personal 'metal' visual preference.

14k Yellow Gold Versus 18K/24K Yellow Gold
And
Scratching on the various Precious Metals

Scratches on 14k Gold versus 18k Gold?:

If you are torn between choosing 14K Yellow Gold versus 18k Yellow Gold, let us assist. Remember from above, 18 karat Gold is 18/24's gold or 75% gold with 25% of the other HARDER metals non-gold. While 14 karat Gold is 14/24's gold or 58.33% gold with 41.67% of the other HARDER metals non-gold.

The amount of other than gold, harder metals makes 14k gold slightly "harder" than 18k gold (resulting in 14k being a bit more scratch resistant than 18k, and 14k being extremely more scratch resistant than 24k gold).

Use your "lifestyle" as the comparison for your choice between 14k gold and 18k gold. If you plan on leaving your rings on for activities outside your workplace or home, then here is what we recommend. If your profession calls for working with your hands or if you lead an active lifestyle like working out, outdoor activities, sports, bike riding, gardening etc, etc, then we recommend 14k Gold. If you are going to remove your rings when working with your hands, go with 18k Gold. When in doubt, choose 14k Gold.

Scratches on Gold versus Platinum?:

When we talk about scratches on hand worn Platinum or Gold jewelry, we are not referring to large eye visible scratch marks (like a cat’s claws made on my mother’s favorite dress). Instead we are referring to hundreds of “micro-scratches”, no one of them visible to the eye, but in combination over time, all jewelry worn on the hand will eventually be covered in small “micro-scratches”, which will give a dull appearance.

Platinum, which is slightly more malleable, but more dense than Gold, will take on a frosted appearance. Platinum does not micro-scratch the same as Gold, but actually “furrows” instead. The furrowing effect pushes metal to the sides instead of removing material. Visualize the Red Sea parting or a farmer furrowing his field! On the other hand, when Gold is micro-scratched, the Gold metal is actually removed. Sometimes these micro scratches can leave white gold looking a bit yellowish.

Bringing Gold or Platinum back to "Like NEW" luster (eliminating any scratches from normal daily wear):

Because of the physical properties of Platinum, most minor 'dings' and scratches can be refinished to almost like-new through a process known as 'burnishing'. Burnishing involves a highly polished metal tool that literally pushes the ridges of a scratch back into the furrow-very little, if any, of the Platinum actually has been removed.

So the ease of bringing a Platinum ring back to original luster by a professional is a positive consideration versus White Gold.

Unlike a scratch sustained by a Gold mounting, where the metal is actually scraped away. In bringing Gold back to luster, metal must be added back to “fill” the scratches. Also, 99% of all good bench jewelers will recommend (when you bring in your white gold ring to be polished) electroplating again with a thin coating of Rhodium, which, as we mentioned, is a member of the Platinum family metals (to make it more white from its yellow).

You will need to have your white gold ring re-coated with Rhodium about once every 2 to three years to keep the white color.

Ironically, bottom line, it can cost more to bring a less expensive white gold ring back to luster, than a more expensive Platinum one, due to the additional metal to be added and the Rhodium being additionally applied as their last step.

Back to Chemistry 101
If you have a chance, take a look at a periodic table. Below you can see on this partial periodic table how close the relationship between the metal Platinum and the metal Rhodium. Rhodium is very white and adheres to Gold very well.


If only we had tools like the table on this site, a lot more would have made sense. They make it much easier to understand and compare one metal to another metal. If you go to their site, click on the element Platinum (Pt). Read some of the properties including the cost of obtaining Platinum from the earth. Then click on Rhodium (Rh). Read its properties to see how it is more like Platinum than Gold. Lastly click on Gold (Au). Comparing the three, you can learn a lot about jewelry metals. Also remember Palladium (Pd) is a source for some jewelry. You can see on the periodic table how it is in the same family.

Other Platinum Stuff

Allergic reactions

A former master jeweler of our used to say in his thirty years of jewelry experience, I have never encountered an individual that has had an allergic reaction to Platinum jewelry. Platinum is hypoallergenic; the remaining 5% in a 95% Platinum piece is either Iridium, Ruthenium or Cobalt.

Though rare, there can be allergic reactions from White Gold


Strength
Despite the mis-information White Gold is NOT stronger than Platinum. In fact for a center set diamond, we recommend a Platinum ProngSet over a White Gold ProngSet if there is a choice.
Combinations of 95% Platinum with 5% other various metals

Platinum is mixed with other metals for jewelry. Rather than take the time here, we have a lengthy discussion of this topic on our Understanding Bands educational page
The really really hard part to write

Sometimes a jeweler will steer a prospective customer towards white gold. Sometimes it is not for the right reasons in our opinion.
Jewelry businesses are somewhat like the automobile businesses. Let’s say you are set on purchasing a brand new vehicle.
When you visit to a new car dealership, you basically have two choices.

[1] You can sit down and pick out all the options and order exactly the car you wish.
The dealership can then order your car from their factory exactly as you have appointed it.
[2] Your second choice is selecting a new vehicle that is already sitting on their lot.

Your friendly salesperson will usually steer you towards a vehicle already on their lot. They will do this for several reasons. Dealers basically have a large financial loan agreement with their bank they call “floor planning”. It is like a Line of Credit.

The price/cost for each new vehicle sitting on their lot, has been already paid back by their bank to the car's manufacture . So each day the car is sitting there, with a the manufacturer's price to the dealer already paid back, but finance charges from the dealership's bank are accumulating daily on each vehicle financed on their "floor plan". Once they sell the vehicle, that sale goes against that vehicle’s “floor planning”. Any money over and above the money paid back to the manufacturer and the accumulated bank interest, is their profit.

If you order a brand new vehicle, of course they make a profit on your order. But your new order does not eliminate one of the vehicles still in their showroom accumulating bank interest. So they will tend to steer you towards the vehicle on the lot.

So how does a New Car Dealership compare to my Platinum or White gold ring?

A jeweler has a huge investment for their inventory on their premises of diamonds and rings crafted in precious metals like Gold and Platinum. Platinum is significantly more costly than the exact same ring style crafted in White Gold. So if given the choice, a jeweler will stock their inventory in White Gold rather than Platinum. The jeweler usually has a bank funding their inventory. Accumulating an inventory in Platinum versus White Gold could mean extra monthly interest charges in the thousands of dollars to a large jeweler.

So we have been told of numerous situations where a jeweler has sung the praises of the qualities of White Gold over Platinum. For the reasons communicated to us, our assumption has to be, that particular jeweler was steering the prospective customer towards white gold, because they had it already had the style in their inventory. Why do we assume that? Because in each of the cases communicated to us, the reasons given, as to why the prospective customer should pick White Gold versus Platinum, just were not factual.
Lastly

Bottom line both are good, but both require different steps to keep new looking over a lifetime. If your budget can afford Platinum, it is worth the extra money for a Platinum band that will be worn for a lifetime. It will be white forever.

PS: What about Titanium?????
Titanium
We made a business decision in 2002 to not work with or craft jewelry utilizing Titanium. At that time, it was becoming a “hot” topic for wedding bands. We made that decision as it is so hard it can not be easily modified. After the initial purchase, a consumer will be hard pressed to make any modifications.
We were concerned that our customers would want modifications (such as a simple resizing in a few years for weight loss/gain or want engraving). Titanium is a terrific metal for the aircraft and space industry. In our opinion, it is an extremely poor choice for consumers for jewelry as it is almost impossible to repair or modify.
So we will not be able to assist you for any items manufactured using Titanium.

SELL OR BUY: Titanium

Titanium Jewellery Origins
Strong, lightweight, silver-grey, metallic element, atomic number 22, relative atomic mass 47.90. The ninth most abundant element in the Earth’s crust, its compounds occur in practically all igneous rocks and their sedimentary deposits. It is very strong and resistant to corrosion, so it is used in building high-speed aircraft and spacecraft; it is also widely used in making alloys, as it unites with almost every metal except copper and aluminium. Titanium oxide is used in high-grade white pigments. Titanium bonds with bone in a process called osseointegration. As the body does not react to the titanium it is valuable for permanent implants such as prostheses. The element was discovered in 1791 by English mineralogist William Gregor (1761–1817) and was named by German chemist Martin Klaproth in 1796 after the Titans, the giants of Greek mythology. It was not obtained in pure form until 1925.

SELL OR BUY: Silver

Silver Jewellery Origins
Silver has been known and used for thousands of years and was believed to have magical properties which could promote healing and bring good luck. In ancient times, silver was used for Jewellery, ornaments, utensils, and as a substance that could be bartered for other goods and services. This belief that silver had an underlying "value" led eventually to its use as the basis for monetary systems such as that of the Roman Empire and as a means of paying for international trade.

Silver is somewhat rare and expensive, although not as expensive as gold. Slag dumps in Asia Minor and on islands in the Aegean Sea indicate that man learned to separate silver from lead as early as 3000 B.C. Pure silver has a brilliant white metallic lustre. It is a little harder than gold and is very ductile and malleable. Pure silver has the highest electrical and thermal conductivity of all metals, and possesses the lowest contact resistance. It occurs in ores including argentite, lead, lead-zinc, copper and gold found in Mexico, Peru, and the USA.

SELL OR BUY: Gold

Gold Jewellery Origins
Gold was among the first metals to be mined because it commonly occurred in its native form; not combined with other elements, and because it was beautiful and imperishable, and because exquisite objects could be made from it. Artisans of ancient civilizations used gold lavishly in decorating tombs and temples, and gold objects made more than 5,000 years ago have been found in Egypt. Particularly noteworthy are the gold items discovered by Howard Carter and Lord Carnarvon in 1922 in the tomb of Tutankhamun. This young pharaoh ruled Egypt in 14th century B.C., and an exhibit of some of these items, called "Treasures of Tutankhamun," attracted more than 6 million visitors in six cities during a tour of the United States from 1977-1979.
The graves of nobles at the ancient Citadel of Mycenae near Nauplion, Greece, discovered by Heinrich Schliemann in 1876, yielded a great variety of gold figurines, masks, cups, diadems, and Jewellery, plus hundreds of decorated beads and buttons. These elegant works of art were created by skilled craftsmen more than 3,500 years ago.

View our Gold Jewellery collection.
View our White Gold Jewellery collection.
Pure (100%) gold is too soft, and is usually mixed with other metal alloys (silver, copper, nickel and zinc) to make it stronger and more durable for Jewellery. The carat indicates the amount of pure gold in the metal. The higher the carat, the higher the percentage of pure gold in the metal. 18 carat gold is both heavier and more valuable than 9 carat Gold. 18 carat Gold contains a higher (75%) percentage of pure gold than 9 carat Gold (37.5%). 9 carat Gold is harder wearing than 18 carat but 18 carat has a richer colour and heavier weight.
The metal alloys that are mixed with pure gold for strength can also modify the resulting colour to produce different shades of yellow, white, and pink gold. White gold was originally developed to imitate platinum, and usually contains 25% nickel and zinc.
There are many factors that determine the value of a gold Jewellery piece: Weight - gold is sold by weight - grams(gr) or pennyweights(pwt), the heavier the piece, the higher the gold content, therefore it is more expensive. Design - designer Jewellery is more expensive, especially if it is a one of a kind piece. Finish - special finishes to the metal such as matte, or sand-blasted finish add to the cost of the gold Jewellery piece.
You can take good care of your Jewellery by following a few simple steps: Avoid contact with soap, perfume, cosmetics and hair spray. Take chains and bracelets off at night, and store them flat to prevent them from breaking. Use a gentle soft cloth to polish gold Jewellery after wearing.

SELL OR BUY: Platinum

Platinum Jewellery Origins
Platinum (symbol PL) was accepted as a precious metal after only the second half of the 19th century and has a deep luster and a rich, white colour. It is rarer and heavier than all other precious metals and is considered to be more valuable than gold.
View our Platinum Jewellery collection.
Platinum is often used to set the most valuable gems to produce the finest Jewellery. Platinum is one of the most popular metals of choice for ring settings, because the strength and colour of platinum enhances the brilliance and depth of diamonds and precious stones. Because of its density and weight, you can feel the difference between platinum and other precious metals when comparing different types of Jewellery. Platinum is usually marked with the following symbols: PL, PT, PLAT, 950 or PT950. Since platinum is the purest metal, it rarely causes an allergic reaction. In the UK and abroad, there is an increased interest in platinum Jewellery, with wedding rings being the strongest selling category. The platinum group of metals (PGM), is comprised of six closely related metals: Platinum, Palladium, Rhodium, Ruthenium, Iridium and Osmium.

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