9999 Vs 999 Fine Gold: Which is better for investment?
Gold has its own measurement system that you need to understand to be able to evaluate it. So, let’s go over the most valuable forms of gold and how they’re measured.
What does 9999 Fine Gold mean?
A 9999 mark on gold represents refined gold. Refined gold is pure and has very few impurities. 9999 is the purest form of gold you’ll find on the market. That’s because it is refined and contains almost no impurities whatsoever. If someone tells you they have a piece of 24 karat gold jewellery, they’re suggesting the jewellery is 99.9% gold or more, which would be hallmarked with 999 or 9999.
Other measurements are represented in the chart below:
417 – 10 Karat: 41.7% pure
585 – 14 Karat: 58.5% pure
750 – 18 Karat: 75% pure
916 – 22 Karat: 91.67% pure
999 – 24 Karat: 99.99% pure
9999 Gold Prices Vs 999 Gold
The price of a gold item is based on its weight by default. For example, if you have a 1-ounce gold coin that is 90% pure. The coin is worth 90% of the current price of gold per ounce. But what if the coin is beyond 99.9% pure? How about 99.99% pure?
A 9999-labelled gold bar or coin will be more valuable than a 999-labelled bar or coin. That is because of the limited availability of such pure gold bullion. If you’re a collector and want to invest in a rarer and more valuable gold product, gold with a 9999 hallmark might be in your best interest. Collectible 9999 or purer gold items such as minted coins will offer extra value from their rarity and collectability.
Should you buy 9999 Gold?
Buying gold is not a bad idea, especially while the price of gold is currently stable (fluctuations are not as erratic as during the early stages of COVID). That applies to 999 gold, 9999 gold, or even gold stocks. The world is moving into rough economic waters, and the price of gold has been rising through 2020. Under these circumstances, any gold investment is one of the few investments to have under your portfolio.
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