Is Welsh gold worth more?
At present, Welsh gold can be valued up to 30 times more than standard world gold. On 28th November 2017, 10 lots of Clogau gold, mined under government lease between 1979 and 1981, were expected to fetch about £9,000.
Welsh gold is often regarded as having a deeper, rosier colour than other gold. This is due to traces of copper in the mine ore—if separated from the copper traces, however, the pure gold would be the same gleaming yellow as gold from any other source.
Gold has rallied to highest level since 2020 peak
Buying gold as an investment is typically considered to be a hedge against inflation as it retains its value while the buying power of fiat currencies erodes.
Not only is gold an excellent way to hedge against market volatility; it's also an untraceable asset you can use when you don't have any paper cash. Some of the advantages of buying gold jewelry as an investment are: There is a global market and high demand for gold jewelry.
Welsh gold is special because it is found naturally occurring in two areas of Wales, making it very scarce. One of the areas it's in is North Wales. The band spans from Barmouth upward toward Snowdonia.
After the refining process, the gold that has been supplied by Thurkettle or panned in the Welsh streams and rivers is typically 90% pure Welsh gold, with the residual 10% being normally silver and small amounts of other metals.
Since Roman times, gold has been mined in Wales. However all mines have closed. Welsh gold looks exactly the same as any other gold, but it is very rare and stocks will soon be exhausted. That makes it valuable, also it costs more to mine than other gold.
We have our Welsh gold securely refined for us by a long established UK specialist company to slightly in excess of 18 carat purity that means that the Welsh gold content is a little over 750 parts per thousand. Occasionally we have our Welsh gold refined to 22 carat which is 916 parts of gold per thousand.
Welsh gold can be identified by trace-element isotope analysis, but this is not practical in buying an individual item. The customer is dependent upon the integrity of the reailer and his entire supply line.
Returns on physical gold tend to be poor. If you purchase gold jewelry, for example, you may not earn as much when you sell it as you paid when you bought it. Safely storing physical gold can be difficult, as it's vulnerable to theft. Physical gold will never be a passive, steady source of income.
Should I buy gold now 2022?
At the time of writing (16 May), algorithm-based forecast site Wallet Investor was bullish in its long-term projections, indicating that the gold price could move to $1,943 by the end of 2022 and continue to rise over the next 5 years to $2,803.
If you're still wondering if the king of metals is a good investment in 2022, here's what you need to know. Gold is now back above its key psychological bullish mark of $1,800 which reinforces its role as a hedge against inflation.
Disadvantages to buying gold coins
A thief could take your gold if you're not careful. Unlike stocks and bonds, a purchase of gold is not an investment in company growth. You won't get dividends or interest from tangible gold. You may have to wait years for gold to go up in value.
Generally, gold chains are priced based on karats, whereby higher karats make this gold jewelry more valuable. Furthermore, even when prices fluctuate, they still retain their worth.
The most direct way to own gold is to purchase physical gold bars or coins, but these can be illiquid and must be stored securely. ETFs and mutual funds that track the price of gold are also popular, and if you have access to derivatives markets in your brokerage account you can also use gold futures and options.
Welsh gold is gold that occurs naturally in two distinct areas of Wales and highly prized because of its origin and scarcity. One area it is found in is north Wales in a band stretching from Barmouth, past Dolgellau and up towards Snowdonia.
Clogau is currently running down a stockpile of gold mined from the North Walian seam in years past. It is then sending the gold to China where it's combined with ore from places such as South Africa, making the jewellery that is sold around the country.
- Dolaucothi Gold Mines, Carmarthenshire.
- Clogau Gold Mine, Snowdonia.
- The Silver Mountain Experience, Ceredigion.
- Great Orme Copper Mine, Llandudno.
- Copper Kingdom, Anglesey.
- Sygun Copper Mine, Snowdonia.
- Minera Lead Mines, North Wales.
- Bryntail Lead Mine, Mid Wales.
For nearly 100 years a plain wedding ring of Welsh-mined Gold has been the tradition for the Windsor family. The Queen Mother was the first to wear a Welsh Gold wedding ring in 1923 when she married King George VI. 2. The Royal Family have a reserve of Clogau Welsh Gold.
Every piece of Clogau jewellery contains rare Welsh gold as used by some members of the British Royal Family for over 100 years.
How much is clogau gold worth?
| Hallmark | 1 Gram |
|---|---|
| 750 (18Ct Gold) | USD 44.34 |
| 875 (21Ct Gold) | USD 52.17 |
| 916 (22Ct Gold) | USD 54.78 |
| 999 (24Ct Gold) | USD 59.92 |
Originally, all Clogau jewellery was manufactured in North Wales, but in 2005 the decision was made to move production overseas in an attempt to fulfil customer demands for shorter manufacturing and delivery times, and to sustain the growth of the brand.
