About Us / Introduction : Goldencointrade.com
GoldenCoinTrade.com is a reliable precious metals trading company. We specialize in the sale of internationally recognized investment coins. We only sell these coins in cryptocurrency. Do you have cryptocurrency that you want to convert into internationally recognized investment currencies? Then GoldenCoinTrade.com is the right place for you. Note: We only accept the most common cryptocurrencies. See the full list of accepted Cryptocurrencies. If you have a cryptocurrency other than that in the list, you can swap it for a cryptocurrency from the list. Tax: For individuals, purchasing gold investment coins is excluded from VAT. This makes it a solid investment for the future.
What is Gold?
Gold belongs to the so-called precious metals. Chemically speaking, noble metals are metals that are not subject to oxidation or acid. This also causes the durability of these metals. Within this category of precious metals, gold again has exceptional sustainable properties. There are other properties that characterize gold: – Conduction; gold has very good conductivity for heat and electricity. – Colour; the yellow color of gold is special compared to the often gray-colored and white precious metals. – Soft; gold is the most malleable of all metals. – Reflects light; gold is a good reflector of light. – To trust; has proven its trust over the centuries. – Scarce; The boiling point of gold is 2855.88° C and the melting point is 1063.85° C. The density of gold is 19,320 kg/dm3. This means that 1 dm3 of gold has a mass of 19,320 kg. A milk carton filled with gold weighs more than 19 kg. Another striking feature is that 1 gram of gold can be rolled into a sheet of gold leaf of 1 square meter. This makes gold also ideally suited to be used to make objects/jewelry gold-plated. The purity of gold can be indicated in carats and in thousandths of parts. Fine (pure) gold is 24 carats or 999.9. Non-fine gold is indicated in parts of 24 or in thousandths. For example, 18 carats are the 18th part of 24, which is 75% fine gold. In thousandths this is .750. The following calculation method can be used: Percentage of gold = (carat gold/24) * 100 Carat gold = 24 * (percentage gold / 100) Many gold jewelry and gold coins consist partly of other (precious) metals. In many cases this is silver or copper. This makes it less soft, but there are also options to edit the color. White gold, for example, is a mixture of gold and nickel or palladium. Nowadays, more use is made of (the more expensive variant) palladium. Red gold is created by adding copper to gold. A clear example of this is the South African Krugerrand. This consists of more than 91% gold and furthermore copper. This creates a clear red tint.
How is the gold price determined?
The gold price is determined on the futures market, where traders trade gold contracts. In addition to the futures market, which displays a current gold price 24 hours a day from Monday to Friday, a reference price for gold is set twice a day. This is also called fixing. This had been done for a long time by a small group of gold banks who met every day to submit the number of purchase and sale orders at a proposed gold price.