Approaches To Identify A Genuine Gold From A Fake One Prior To Buying Gold
Up to this date, gold continues a very sought after precious metals
. As a matter of fact, it is presently used as a hedge against currency inflation. Investors turn to buying gold when the currency rates are up in an effort to protect their investments. Certainly, having a gold investment is advantageous for investors. After all, gold is a precious metal which will always be in demand due to its a variety of uses.
In relation to investing in gold, any potential gold investor should gain knowledge regarding gold, methods to invest in gold and many other very important details. Nowadays, sad to say there are fraudulent sellers of gold locally or online. So, it is very important ensure that transacting only with reputable gold retailers. In order to do so, it will not be bad as to ask about their qualifications and license to operate as gold retailer.
As there are things you may find out from others about gold, there are also things you want to know and discover by yourself in order to equip yourself before buying gold in no matter what forms. You have to be able to differentiate a fake gold from an authentic one. It is certainly rather risky in your part, as a gold investor, to rely on the evaluation of a gold dealer or expert whether a particular item is certainly made of the said precious metal. Therefore, it is crucial that you are capable of spotting the genuine gold and not. In order to do so, here are the things that you can do.
Search for alterations in color. Whenever you notice that the gold changes to green or black then it is not a real gold.
Do the bite test. Bite into the item. Please remember gold is a soft metal while a fake one is not. If there is no indention then it is not the real one.
Weigh up the gold in your hand and make sure that it is weighty. Keep in mind gold is weightier than almost all other metals having same size.
Do the magnet test by holding the magnet up to the item. Genuine gold may not be attracted to the magnet. If the item for that reason is attracted to the magnet then it is not gold. It might be containing pyrite containing a high iron quantity which is certainly attracted to magnet.
Brush the item along a non-glassy porcelain tile. If the item will leave a gold or yellow color then it is the true gold. Conversely, you may also rub the item with a jewelry cleaning cloth. When it is not the real thing then several solid rubs will take away the plating.
Find out if there is a stamp on the item indicating the carat of the piece. In countries for instance United States, each gold piece has to be marked with the karat. For that reason, if the carat mark is not perceivable in the item when one is buying gold then it is not the real one.
Put the item in a sterling silver cleaning solution. When you notice oxidation taking place in the item after one day then it is not the real one.
by: Jamie Bruemmer
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