Completely pure gold isn’t practical to use for most purposes, since it’s too soft. However, if you’re curious, there are some countries that produce gold that’s as close to pure as possible. The country with the purest gold in the world is Switzerland, a country known for paying attention to quality. Below, the precious metals experts from First National Bullion and Coin, the best place to buy gold in Scottsdale, explain why this particular country has an affinity for pure gold.
Purity
Swiss gold is famous worldwide. Its gold bars are 99.99 percent pure, which is as pure as gold can get. Gold this pure has many appealing qualities, some of which include:
• An appealing shine
• Higher value, which is good if you plan to resell what you buy
• A longer life span with proper care
Refining, Not Mining
Switzerland has no natural gold sources of its own. In fact, there are no active gold mines in the country at all. Instead, the country imports its gold, which amounts to nearly 3,000 metric tons of gold per year. The gold that’s imported is refined and then refined again. It’s a finely honed process that has been going on for more than a century.
Switzerland has four gold refineries that operate year-round. The gold in the factories is carefully prepared and then distributed around the world. It’s also used for various purposes in Switzerland—mostly to make jewelry, which is produced with the same attention to detail given to refining the gold.
Don’t expect to learn more about the refining process. Each refinery is notoriously secretive when it comes to the details of how it refines gold, so you won’t get the “inside scoop” from any of the refinery workers. In some instances, as is often the case with jewelry, other alloys are added to improve resistance to scratches, dents, and dings.
Gold from Switzerland is also used for industrial purposes, although it’s often turned into bars, coins, and ingots. This makes it much easier to purchase gold from Switzerland or any other country. You’ll also be able to easily see important details such as purity.
Where to Buy Swiss Gold
Swiss gold is like any other type of gold in that it can be purchased online or from reputable precious metals dealers. You can also purchase Swiss gold through online auction sites, although there’s some risk involved. Swiss gold can be more of an initial investment, since it contains more actual gold. However, Swiss gold has the potential to be a smart long-term investment, especially since the gold supply isn’t limitless.
For information on any aspect of buying, selling, and owning precious metals, call on the experts at First National Bullion and Coin. If you’re looking for a trustworthy Scottsdale gold and bullion dealer, you can rely on us. We’re a boutique precious metals firm staffed only by experienced professionals. For expert guidance on the smartest ways to buy and sell precious metals, call us today at (480) 546-5089.
The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.