The Best Advice About I’ve Ever Written
Gold is one of the most stable and valuable assets since time immemorial. Even today, it is still a safe haven that investors pile into during rough times. You are stating at a financial lifeline should things turn south. It can be shocking to learn that you have been keeping fake gold all along. It is important to note that there is a significant increase in the number of gold dealers, both buyers and sellers. It goes without mentioning that scammers have also found loopholes in the industry and are ready to pound on unsuspecting individuals. If you are not careful, you may end up in the wrong hands of scammers. The good news is that you can avoid getting ripped off by using a household item – lighter. Here are the ways through which you can check if the gold you have is real using a lighter.
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To begin with, you new to know the basics of gold and what a real one one is. The mixup is common with newbies who don’t know what real gold is. By the industry standards, fake gold is any item with less than 41.7% gold content – about 10 karats. You can read more here for a breakdown of how it translates to value. Using a gold price per gram calculator, you will know how much you will get from your precious metal. The moment its content gets below 10 karats, it begins to depreciate. Some dealers have a way of playing with the mind to deceive unsuspecting clients that the gold is real. Although it is not always a scam, some jewelers have a habit of passing off washed pieces as the real deal.
Furthermore, be careful about gold plating which is another common trick dealers use. It is surprising that people still believe that gold plating can this technique counts as authentic gold. Pyrite application is another trick you should be careful about. It is actually known as fool’s gold worldwide. Remember that cheap, fake gold leaves some discoloration when pyrite is exposed to the atmosphere.
Gold testing is an industry on its own because there is a lot of money involved in confirming the authenticity of the product. In fact, you don’t need sophisticated machines or chemistry labs because you can use what is easily accessible. Don’t be surprised to discover that a simple household item like a lighter is enough to test gold. Be careful because you can’t use any other old lighter and expect it to work magic. You need a proper butane lighter filled with actual lighter fluid and it should produce a tall flame.
Ensure that you hang the gold somewhere on the wall because it can get hot and burn your hands. Direct the flame on the metal and check the color change. It should turn lighter in colour after heating for at least 60 seconds if the gold is real. For more information and insights into gold and silver industry, read more here.
This post topic: Financial
