5 Uses For
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Gold has maintained its position as a precious metal over the years. Investors still rank it high because it is considered a safe haven. You are stating at a financial lifeline should things turn south. The last thing you want to imagine is that you will discover later that what you think is gold is actually fake. Remember that there are many gokd dealers and the number keeps growing. The vast number creates an opportunity for scammers as well. 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. Read on to learn more about the tricks you can use to confirm if indeed the gold is real.
To begin with, you new to know the basics of gold and what a real one one is. Newbies in the industry don’t know what defines fake or real gold and this is where scammers come in to take advantage. Fake gold is anything that falls below 10 karats. You can read more here for a breakdown of how it translates to value. The Gold Price per Gram calculator will tell you how much the market will offer for your gold depending on the purity. The moment its content gets below 10 karats, it begins to depreciate. Sometimes the gold isn’t real but some dealers have tricks to lie about its content. They can use gold washing and claim that washed pieces are real gold.
Some dealers also capitalize in gold plating to scam their clients. This trick has been there for a considerable duration and people should not fall to it in 2023. Pyrite application is another trick you should be careful about. Pyrite is commonly referred to as “fool’s gold” around the world. If pyrite is exposed to the atmosphere, it leaves discoloration which confirms that indeed it is fake gold.
Gold testing is an industry on its own because there is a lot of money involved in confirming the authenticity of the product. Many people think that they need sophisticated machines and laboratories to check if gold is real. All you need is a lighter. Before you embark on the process of testing gold at home, ensure that you have the right weapon – lighter. A recommend lighter is a butane lighter filled with actual lighter fluid.
You will need a nail to hang the gold on the wall. As you direct the flame on the metal, observe the changes in the color because real gold should turn lighter. It should heat the gold for at least 60 seconds. In this site, you will learn more about gold and other precious metals.