If you do not see any markings of any kind, or if the bar is suspiciously lacking critical information about its content, then these are obvious giveaways for a fake. For this test, simply hold the gold in your hand for a few minutes. The way it works is that each gold bar has a specific set of impressions or identifiers on its surface based on the mold used to produce it. ", "The U.S. dollar is very weak. You will need a precise electronic scale to get the most accurate reading possible. A widely read and top of his class graduate of Stetson University, he obtained his bachelor of arts degree in History with minors in Latin American Studies and International Relations and a special emphasis in Economics. There are dozens of gold bar categories, so if you see a seller advertising a hologram or chi bar, don't … This makes it a simple test to learn if you have a magnetic metal instead of gold comprising your bar. Otherwise, if the piece is gold plated or gold filled, a light scratch might only rub off the top gold layer, and the test will show that what you have is indeed gold. 2 If the scale provides a different weight than that noted on the bar, you surely have a counterfeit. Real gold won’t ‘stain’ or discolor your skin. Our content does not constitute financial advice. There are many ways you can tell if a piece of silver is real or not, and not all of them require you to be in person. Any reputable precious metals dealer or jeweler should not have an issue with you carefully examining, measuring, or weighing the merchandise according to the tests we outlined. If the gold is attracted to the magnet, it's not real gold but more likely fool's gold, which contains iron. According to the Industry Catalogue of Gold Bars Worldwide, a gold bar is, "any gold item, regardless of shape, which is made by a bar manufacturer, records the name of the manufacturer, the precise weight and the precise purity, and is sold at a low premium above the gold price." ", "There is a massive shifting of wealth to new economic powers. Ways To Tell If Your Gold Bar Is Real. A real gold bar will state Essayeur Fondeur CHI not CEI. #cantblamemefortrying. To see if the setting is truly as described, look inside the ring’s center for markings. The size and weight should match the grams indicated like for instance this one is 100 grams. Test your gold nuggets and flakes with a magnet. Gold has historically been considered a precious metal, and one of its primary uses has been to make jewelry and decorative objects. Brass can have a similar look to gold, but it is substantially cheaper. Every reputably produced gold bar carries the mint mark or logo of its maker. someone carved it in). One of the most asked questions by people is, “Is my gold real? Are cryptocurrencies the new gold and silver? The way it works is that each gold bar has a specific set of impressions or identifiers on its surface based on the mold used to produce it. If performed improperly, you could cause harm to both the bullion and yourself. If you have a gold bar, here are some ways to know if your bar is real gold or not: 1. You have to obtain a sufficiently powerful magnet to perform this test. How to test if gold is real. Nitric acid is known to cause harm in fake jewelries while not affecting gold in any way. Alternatively, try rubbing the metal on a piece of unglazed ceramic to see if it leaves a … Poke your gold with a pin. However, if you are wearing fake gold jewelry or handle fake gold bullion, your skin will discolor. Gold was among the first metals to be mined and has been used for jewelry, embellishment and currency for thousands of years. One of the easiest ways how to test if a Gold Bar is real is with a rare-earth magnet. The ability to verify your precious metals bullion is the first step (and maybe the most important step) when investing in gold, silver, platinum, Here's how to tell if your gold is real… Seven Tests That Determine Your Gold's Authenticity. Of course it is late for you to check a gold bar for authenticity once you already have it (and have paid for it). A lead filled silver bar for example will return an ultrasound signal much later than a pure silver bar because lead has 1,260 m/s compared to silver with 2,600 m/s. Click here to browse a selection of acid testing kits for precious metals that can be used on gold. Fire Assay The testing method of choice for professional analysts who want to know how to test if a gold bar is real is fire assay. Gold and silver are extraordinarily dense metals – much denser than just about any base metal (even lead and mercury in the case of gold). This physical contact test requires that you take care to utilize a non-abrasive sample of metal and that you strike it gently against your gold bar. Gold is one of the denser metals. Most real gold is found underground. Currency debasement? The good news is that with a little knowledge and a few investigative tools, you can have confidence that your gold bar is real. Your information will. We also receive compensation from leads we refer to external companies. How to Tell if Gold is Real. Inflation? Secretary of Commerce Wilbur Ross slammed the Middle Kingdom for its failure to meet up to the norms expected of good state actors. Many Internet reference sites will tell you how. You can put a magnetic to the bar and if it sticks then your gold is in fact an alloy. 1 oz credit suisse 9999 gold bars online l jm bullion 1 oz credit suisse virgin islands silver round 999 fine for online ebay gold bar credit suisse 50 gram bold precious metals credit suisse gold bar serial number check june 2020 credit suisse gold bar 1 oz bullion and silver coins bars investing credit suisse gold bar serial number check june 2020. Please send me some gold for testing purposes only. If the spot turns green, it is definitely a fake gold. Silver finish, source: Jodirae Designs. Often referred to as “dirty gold”, this term encompasses gold that has not been responsibly mined. Since you need around twice as much iron to create the same weight as gold, this forces the dimensions to be larger on many of the false fabrications. Because it is a criminal offense to misrepresent the purity or weight of any precious metals bar, there is not an honest mint anywhere that would permit such a mistake to be made. Go to a reputable coin dealer or Jeweler that buys gold and ask them, they can put a very small drop of nitric acid on it to test it. Be careful not to scratch or dent your bar in the process. If you see a black streak instead, then you have pyrite or fake gold. If it floats, it's probably not real gold, since gold is very dense. If you find even the slightest difference between the supplied measurements and the ones you carefully take, then this bar is counterfeit. Of course, this isn’t the safest or most accurate method and we certainly wouldn’t recommend it. Gold mining stocks entered the new year with a bang, as their leading index surged to a major breakout above multiple key resistance lines. This article is so you can learn how to test if gold is real. Questions? Follow these six instructions to make certain you are not holding or buying a counterfeit. Valid email address required. If the metal is attracted to the magnet, then you do not a real gold bar. This does not mean that you can not have an office with an ultrasound and technician perform this test for you. That means just about all fakes that weigh correctly will be too large in diameter and/or thickness. LAPFF, whose member schemes manage more than 300 billion pounds in assets, has direct holdings in both Rio and BHP. Ultrasounds are expensive machines that run in excess of a thousand dollars and need you to have a significant amount of technical expertise to use. Congress also released the details... One episode of the popular Netflix documentary series, Dirty Money examines the alarming prevalence of illegally sourced gold entering the US market. Buying from someone you know is always best. Jeff Rossen shows us an easy at-home trick for seeing if your gold jewelry is real or fake. M.C. Some images will have borders around them as well. Any gold piece that does not have this critical information should arouse your suspicion. This is also a great way to test for fake gold coins and bars. Besides the manufacturer's engravings, there should also be markings revealing the bar's purity, weight, and sometimes serial … Money Printing? It's pretty heavy which makes me think it's lead, but I've never felt a real gold bar before so I don't know what to expect. One of the easiest methods of testing gold purity is the Skin Discoloration Test. You will certainly not discover a legit gold bar for any type of price under the market worth of gold. Desperate to Save Reeling U.S. Economy, Fed Pumping In Another $2.3 Tr... What to Do With Your Portfolio During a Pandemic... How Much is a Gold Bar Worth? Join our Newsletter and get expert recession-proof investment tips straight to your mailbox, Nearly Imminent Hard Brexit Threatening Global Order In Days. One of the easiest tests to conduct with a gold bar is to carefully examine its mint markings. Watch the video below to see each test that will help you check if gold is real: Test 1: Size and Weight. In... "Gold will be the great investment over the next decade. If the gold is real, then it should show a golden, yellow color. Gold in its natural form is soft and yellow in color. Advantages There are plenty of other ways to tell if your gold is real. Thanks, Silver and gold are not magnetic, but a lot of other metals are. Talk to a Gold IRA Specialist at 1-877-205-1104, Download Our 2019 Precious Metals IRA Investor’s Guide. Inconsistencies between the authentic picture and the bar mean you have a counterfeit. Lovers of silver will be sure to tell you one of the best things about the metal is how affordable it is, while still being incredibly beautiful. They will try to employ metals that are not magnetic like gold when they produce their fakes. 1: Size. Can you tell if your silver is real or plated (fake)? And that time is now.". It is now less than two weeks time until the long-dreaded Hard Brexit scenario becomes a reality with all of its threatened international economic dislocation and corporate pain. Then you will need a caliper as the tool which precious metals industry professionals always use to obtain the most accurate measurements. © 2021 Glacier Media Group, All Rights Reserved, UK shareholder raises concerns over Rio, BHP Arizona mine, Gold price tumbles on soaring US Treasury yields. Most gold bars clearly express their weight in ounces (or grams). ", "If this business was as easy as it sounds, all my branch managers would be setting up their own gold loan companies. Fake Gold Test No. Find Out by Following These Instructions, Silver Coin Melt Value: What Your Silver Coin is…, What Is A Gold Quarter Worth? Using an app on their cellphones, buyers can scan a gold bar’s surface with or without packaging and verify whether it was produced at one of the refiner’s facilities. It also has EEL and WGT carved on the back, but it looks like it wasn't a professional cut (i.e. Thanks to the significantly higher gold prices over the last decade, gold bars in most any size have become so valuable now that counterfeiters find them a profitable challenge and a potentially big score. Genuine gold makes a nice ringing or chime like sound when you hit it with another metal. Because of a diamond’s large price tag, a real one will only be set in high quality jewelry. 2020 Update + Price History. Biting down on gold is an old favourite - the softness of 24 carat gold means that your teeth would leave slight marks. Most fake bars are the exact size of real gold bars from the top-down, but the THICKNESS of the bar gives it away. There are even smartphone apps like Coin Ping that will measure the ringing sound to tell you what the actual composition of the metal is now. You can find these on the manufacturer's website or call them to inquire otherwise. In the case of jewellery, you would notice fake gold leaving a mark on your skin the longer you wear it. It will weigh 31.1g or even more, but gold is DENSE. However if a green or milky coloration is observed, this indicates either fake gold or … To … If it's difficult to leave a scratch or dent on it then it's not gold. 2K views Since real gold has a higher specific gravity than other metals, you can test for that. Many Internet reference sites will tell you how. Place a few drops of vinegar onto the object. You know this with confidence because identical molds are employed by either the government or private mints to produce their proprietary gold bars. You should obtain a blown up picture of the real gold bar in question and focus carefully on the little details like any artwork designs and even the font of the text used. If you have a nugget, try to drag it across a mirror. BEND it. This past week several reports emerged concerning the ongoing troubled relations between the United States and China. Yet, what defines responsibly sourced gold? For example, a real diamond will be set in materials such as white gold, platinum, yellow gold, pave or side-stone setting and halo setting rings. With the caliper, be sure to measure the length, the width, and the thickness of your gold bar. Previous fake PAMP gold bars have been easily detected when compared to the real thing (see image, below). Skin discoloration from wearing fake gold jewelry is not a myth. The best way to ensure the authenticity of gold products is buying gold bars and coins strictly from LBMA (the London Bullion Market) approved dealers, mints and refineries. These new fakes not only have a better … Once the back of the bar is scanned, the app will let the user know whether it passed the test or not and, thus, whether it is the real thing or not. Worried about the Economy? 2. Gold bar costs typically include a tiny premium over the market price of gold. For different metals, you will get different readouts of thickness. Any gold piece that does not have this critical information should arouse your suspicion. Pure gold is called 24 karat, while gold that is 75 percent gold is 18 karat, 50 percent gold is 12 karat and 42 percent gold … Because of this, many counterfeiters are using less dense metals than gold, like iron, to fabricate their fake gold bars. National Debt? © Copyright 2021 Gold IRA Guide, Helping You Invest in Gold Through Your IRA. THE SKIN TEST. Crowder is an American published author. A 1-ounce gold bar could fairly command a rate of more compared to $1,400, also if the gold itself is just trading at $1,300. 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Magnet to perform these tests on gold of a diamond ’ s large tag! I really need to verify this fact for myself mark on the mirror massive!