We have received your message. If you indicated that you would like to make an appointment, we will reach out to you shortly.
When you sell gold to us, we will explain every step of the process to help you understand how selling gold works. With your XRF Precious metals Analyzer, we can test your gold to know exactly what purity your gold contains. This helps us assess your gold to give you the most when you sell.
Whether you’ve been in the gold industry for a long time, or you’re new to the industry, you may have heard the terms “Chinese Gold”, “Italian Gold”, “Turkish Gold”, and “Saudi Gold”. But what’s the difference between all of these? Isn’t gold just… gold?
The Difference Between These Types of Gold
The main difference between these types of gold is the origin from which it came. Chinese gold comes from China, Italian gold comes from Italy, etc. No matter where they come from, they are all gold. The other differences between these types of gold are their quality, color, and how they are used in jewelry and other metal crafting. Some types of gold may be worth more than others, but it isn’t because of where they come from. It’s because of their differences in quality.
Chinese Gold
China is one of the largest gold consumers and producers in the world. Chinese gold sometimes seems as if it’s more expensive than gold that comes from other countries. However, the reason that Chinese gold seems so expensive right now is that the world’s gold supply is low, and Chinese gold is often 22 karats or more.
Italian Gold
Italian gold is also a type of gold that is highly sought after by investors and collectors alike. Unlike Chinese gold, Italian gold is often 14 karats or 18 karats. Another reason that Italian gold is highly attractive to investors is that Italian gold is often very rich in its yellow color. Finally, many Italian jewelers have honed their craft over hundreds of years, which makes Italian gold a very sought after addition to make collections.
Turkish Gold
Turkish gold can be dated all the way back to 3000 BC. Turkish jewelry is often very high quality because it is often 22 karats. Demand for Turkish gold is extremely high right now, with gold production being down, making it very high in demand. Turkish gold can be yellow, white, pink, red, and many other colors.
Saudi Gold
Gold from Saudi Arabia is considered one of the most desirable types of gold you can get. Saudi gold is almost always 21 karats or higher, which makes it a very enticing commodity for gold investors. Saudi gold often contains very intricate designs and carvings, which makes it very attractive to many jewelry investors. This attention to detail is one of the reasons that Saudi Gold is one of the most coveted types of gold.
Buy and Sell Your Gold at California Gold and Silver
California Gold and Silver is one of Southern California’s leading gold traders. We will happily buy your Chinese, Italian, Turkish, and Saudi gold. Come to our office in Upland, California, and we can test your gold’s worth in store. You can also contact us to make an appointment to get your gold tested.
Is it time to grab your gold pan? Many believe we are seeing a new Gold Rush in California following the winter storms we had earlier this year. Because of the large amount of rain and snowmelt, rivers and streams are running at faster rates than we have seen in a very long time. This has led to many gold miners believing that it’s enough movement to loosen up the gold deposits in the mountains. Many modern-day prospectors are calling it the “Gold Rush 2.0” and are heading out in hopes of striking big.
Nick Prebalick, the owner of California Gold Panning in historic Jamestown, says that “the strong currents from the heavy rains have cleared out much of the debris in waterways, helping to better expose gold nuggets. It also cleared all the sediment,”
Prebalick continues, “You used to have to dig three more feet to get down to the bedrock where the gold is,” he explains that bedrock is the heaviest material that settles at the bottom of rivers and creeks. He says the rain “Cleared everything out, so it’s really easy to get down where the gold is now.”
However, we don’t believe that another Gold Rush is happening at any time in the near future. Our owner, Michael Brewart, explains that “We haven’t been getting any people coming in with any [larger than normal] quantities or any amount in the last couple weeks, but I have heard that with the weather that there’s a lot of interest in trying to find gold.”
So while some people think that a surge in gold is imminent for the near future, we haven’t seen any actual proof of this yet.
Although another Gold Rush doesn’t seem likely, we are still open for business! If you have any gold or silver items including jewelry, coins, bars, or bullions you’d like to sell, come visit California Gold and Silver Exchange’s office in Upland, California. We also sell gold and silver for those looking to purchase from a reputable seller. Contact us if you’d like to make an appointment.
The Chinese culture has a very long history with gold. In Chinese culture, gold represents wealth, power, longevity, and happiness. Gold is often considered to be one of the most valuable and significant gifts one can give. This is why it’s often given at important life events such as birthdays, weddings, childbirth, and the New Year.
China notoriously has a very high standard for gold which can make it a sought-after commodity. Many people get Chinese gold as a gift or purchase it in China or Hong Kong without actually realizing its true value.
Where Chinese Gold Comes From
China is not only one of the largest consumers of gold, but they are also the world’s largest gold producer. The majority of the gold in China comes from one of the Chinese gold-only Northern China craton margins. Gold is also often mined in the eastern provinces of Shandong, Henan, Fujian, and Liaoning. There have also been slight increases in gold production in some of China’s western provinces such as Guizhou and Yunnan. The gold mined from these reserves is often stored in vaults in Beijing.
Why It’s More Expensive than Other Gold
While all gold is the same no matter where it comes from, Chinese gold is often marked at a higher price tag than gold from other countries. This is for two reasons:
- The world’s gold supply is low right now.
- Demand for gold is offset for all types of gold; however, Chinese gold is often 22 karats.
Chinese or Hong Kong gold is often marked with “999”, “9999”, or “999.5” to indicate its purity. Chinese gold may also be marked with Chinese symbols that indicate its purity:
| 足金 | 千足 | 万足 |
|---|---|---|
| 99.0% minimum purity | 99.9% purity | 99.99% purity |
We Buy Chinese Gold
At California Gold and Silver, we can buy and sell high-quality metals at a fair price. You can contact us to schedule an appointment or visit our office in Upland, California. Please feel free to reach out with any questions you may have!
