4 Things You Need To Know About Gold Nuggets

We all know that gold is the most precious metal on Earth. Since ancient times, it has been the medium to show power and prestige, and it will be in the future. A gold item that is very popular today is a natural gold nugget pendant. If it is your first time hearing about this, here are 4 important things you should know about gold nuggets.

The first is, of course, what is a natural gold nugget. As the name suggests, they are pieces of gold found naturally in areas adjacent to primary gold deposits. It can be found in alluvial deposits deposited by river waters coming down from areas with gold deposits. It can also be found in the tailing pipes of old gold mines.

The next important thing to know is how gold nuggets are formed. As said before, they are weathered-out natural fragments of gold that have undergone abrasive polishing by natural elements. It is not just gold that makes nuggets; even platinum, another scarce metal, also forms nuggets similarly.

Now comes the most important question: how pure is your gold nugget is. Gold’s price depends entirely on gold’s purity, i.e., the percentage of gold in an item. Gold nuggets are generally 83% to 92% pure, which makes them either 20 K or 22 K gold. The area where it is found is mostly responsible for the purity of gold in a gold nugget. For example, gold nuggets in Australia are often purer, meaning they have more than 83% of pure gold by mass. The color of the nugget is often an indication of its purity. For example, nuggets that are very deep orange-yellow, it shows are of high purity.

The last important thing you should know about your natural gold nugget pendant is its value. Natural gold nuggets like your pendant can be used as currency anytime, even when actual flat currencies are devalued. Moreover, your pendant’s value will increase as it becomes hard to find natural gold nuggets. This is why collecting such jewelry or even pieces of gold nuggets is a great investment stream for many investors.

Whether buying a gold nugget to make it into a piece of jewelry or buying it for investment, make sure to buy it from a reputed place. Get it assessed well to know the amount of gold in it. This way, you will get the full value of your investment.