This paper reveals and describes the features of Ni core Au shell nanoparticles' magnetic properties. Their activation energy of monodomain thermal relaxation (5.1 × 10 −20 J) and constant of magnetic crystalline anisotropy ((2.0−2.1) × 10 4 J/m 3 ) are higher than bulk nickel has. Compared with nanostructured fcc-Ni powders, there is a decrease in the coercive force, the presence of "hard" magnetization, rising magnetization along with increasing degree of the nanoparticles' oxidation, and a decrease in magnetic characteristics to very low values at 300 K. These features are related to the structure of Ni cores (size and ico-structure of their units), shielding by Au shells, Au−Ni solid solution, and Ni(OH) 2 , and their nearsurface "frozen" spin subsystem. The latter depends on the sizes of nanocores and the Au−Ni interface. All of these features were discussed on the basis of material science research the authors provided for the Ni core Au shell nanoparticles. This long-term study was completed by the present investigation as the most detailed for magneticdiamagnetic core−shell systems nanosized nowadays.