In fact, it is an old, old story that there is
counterfeit of almost everything under the globe, gold, ingots, coins, bars and
precious metals generally are not exempted. It is an open secret of fake coins
emanating from Asia and gold bar drilled and filled with Tungsten. http://bit.ly/2qlYERz
In view of the above, you need to exercise due care and
diligence when investing in gold bullion so that you don’t throw your money in
river Tame (London). The highlighted strategies will go a long way to ensure
you are buying a real gold if you strictly adhere to same.
1. Reputable
and knowledgeable dealers. Actually, your first and best
precaution and security is to buy gold from core professionals in this
business. The leading exponents in this business has high quality standard and
internal control/screening mechanisms back-up by time-tested customer oriented
service delivery. http://bit.ly/2sm7mk1
In the USA and Europe, there are many gold bullion
merchants with clean track records, some are BBB certified. To mention but few,
we have merchants like American Bullion, Money Metals, Regal Asset, Capital
Gold Group, Gold Direct etc.
2. Magnet test (gold and silver).
These are non-magnetic substance, coin and gold easily slides-off on strong
magnet whereas counterfeit coin and gold sticks to strong magnet. It should be
noted that this test must be used in confluence with others, because the base
metal used in some counterfeit are non-magnetic.
3. Acidic test.
Inexpensive acid test kits can be used on gold and silver. Just apply drop of
this acid on sample of gold, if the colour changes that means it is not
authentic. http://bit.ly/2r9IRt1
The bullion value of the metal content
is most important and not beauty, that been said, you still need to exercise extra
care in applying the acid otherwise discolouration can drastically reduce the value
(price).
4. The weight and size. Actually,
gold and silver are super dense metals, much denser than base metal. Therefore,
all fakes that weigh accurately will have thicker diameter or under-weight to
have the right diameter.
Alternatively, inexpensive caliper or jeweler’s
scale can be used to affirm the weight, diameter and thickness of these
precious metals to ensure that they conform to specified standard.
5. Ping or sound test.
Real gold and silver coins chime when struck with another. The fact remains
that base metal coins sound duller and the ringing is shorter, you can balance the
coin on your fingertip and strike with another to hear the sound. http://bit.ly/2sm7mk1
Investors using iPhone can install Coin Trust application while android users can likewise install Bullion Test application. The iPhone
can be used to test most common gold and silver coins, switch-on the speaker. Put
the phone close-by and easily spinning the coins on hard surface. In same vein,
after installing the bullion test application choose coins from the list and
press microphone button, then balance the coins on your fingertips and strike
with another coin, your result will be instant and accurate.
6. Thermal conductivity (silver).
Silver is one of the best conductors of heat energy. You can test silver
bullion by using an ice cube, apply heat when you place the ice cube on top of
coin or bar, instantly will see that the silver is melting and cool speedily
when removed from heat.
To this end, l hopes you will be
properly guided when you are making your next purchase of gold bullion. Kindly
visit this blog and link (http://bit.ly/2qlYERz)
regularly for valuable information and tactics on gold bullion.
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