Aurum Gold Wafers – the Smallest Verifiable Unit of Gold
Also known as gold notes, due to their passing resemblance to paper money, Aurum Gold Wafers are currently the smallest verifiable unit of gold available on the market. Trademarked and manufactured by Oregon-based company Valaurum, they are easier to authenticate than most other forms of gold due to the gold content in an Aurum being manufactured in a very thin sheet rather than being hidden within a coin or bar.
Aurum (Latin for gold) Wafers are incredibly thin sheets of gold, typically weighing only 1/10th gram, although there are other units of weight available, including ¼ gram Aurums and 1/20th gram Aurums. Each individual Aurum contains pure 24 karat gold.
Here’s how it works…
The process used to create Gold Aurums is known as deposition. It involves heating the Aurum deposit to 2000 degrees Fahrenheit, before sealing the resulting gold between two layers of polyester film in order to protect it. The gold used in each Aurum has been weighed using only the most accurate measuring scales and has undergone rigorous testing carried out by the company themselves as well as their manufacturer, and independent laboratories. This allows Valaurum to confirm the precise amount of gold in each Aurum.
One of the major advantages of investing in Aurum over gold bars or other forms of gold, is that it is much more affordable. Investors who are new to gold investing or just want to invest in a small amount can do so fairly easily with Aurum wafers. Due to its incredibly streamlined form, gold Aurum is very easily stored and transported, saving you valuable storage/shipping expense. The fact that it is easily verifiable and already in note form also makes it much easier for bartering and trading.
Why does this matter?
If we were to ever return to a gold backed monetary standard, which many experts argue could be a very real possibility in the future, the technology used to create Gold Aurums could lead the way for future currency. One factor to consider before investing in gold Aurum, however, is that you will likely pay a higher premium than if you were purchasing gold bars or coins. From an investment point of view, you would need to buy quite a large amount of Aurum gold wafers to see any significant sort of return. Their high resolution, beautifully presentation, engraved imagery, however, makes them ideal as an investment gift for a loved one or family member.
For more gold industry news, investment tips and advice, please head over to our insights page. Physical Gold are experienced and respected dealers of gold and silver based in the UK. If you would like to speak to one of our advisors, please contact us on 020 7060 9992.
Image sources: Wikipedia