gold can oxidize. IIRC, any metals containing ferrous materials WILL oxidize, and this includes gold as there is no such thing as 100% gold (max 24kt which is 99.99%).
however this oxidation can be easily removed if the items is not fragile (eg, gold oyster case + toothpaste + toothbrush).
in the case of watch hands... hmmm....!!!
“Watches, no matter how much they cost, are better at telling time than making a person happy.†- Thomas J. Stanley
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