What Does “9999 Fine” Actually Mean on a Gold Bar?
The markings on a gold bar could easily seem to be some kind of code when examining a gold bar. You will come across many markings such as “9999 Fine”, “999.9”, “99.99%” and “24K,” but what does it all mean when buying gold? Education about these markings is very important to the investor in Australia since the purity of gold correlates directly to the quantity of fine gold that you will find in a gold bar and will assist you in choosing the best bullion bars among other gold products. Luckily, “9999 Fine” is not as complicated as it seems. What Does “9999 Fine” Mean? "9999 Fine" denotes that the gold purity is 999.9 per 1000 parts. The fineness of the alloy may be referred to as the ratio of the valuable metal to other metals. According to the London Bullion Market Association (LBMA), the fineness of gold is usually represented with four significant figures, for example, 999.9. In reality, a 999.9-fine gold bar consists of: 999.9 parts of gold per 1,000 parts of metal 99.99%...