For centuries now, gold is still the most stable and valuable asset you can think of in terms of precious metals. It remains a safe haven for investors who know its value. 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. 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. It means that you must tread carefully to avoid losing your precious metal which can be exchanged in a twinkle of an eye. 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.
You cannot authenticate gold if you don’t know how a real one actually looks. 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 learn more about that composition and how it translates to value in this website. The value is determined by the Gold Per Gram Calculator. Gold value depreciates rapidly when it reads below 41.7%. Sometimes the gold isn’t real but some dealers have tricks to lie about its content. One of the common tricks they use is gold washing where they can claim that washed pieces are the real deal.
Furthermore, be careful about gold plating which is another common trick dealers use. It is one of the oldest tricks and it is surprising that many people are yet to know about it. Yet again, you should be careful not to fall victim to pyrite application. 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.
Since it is crucial to know whether what you have is real gold, there is a lot of money in gold testing industry. 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. Direct the flame on the metal and check the color change. The result should come out after about a minute of heating. In this site, you will learn more about gold and other precious metals.