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. 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. You need to be careful lest you fall into their hands. Using a lighter, you can check the purity and authenticity of gold now! 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. If you are not familiar with these aspects, you can easily get confused. Fake gold is anything that falls below 10 karats. You can read more here for a breakdown of how it translates to value. The value is determined by the Gold Per Gram Calculator. Gold value depreciates rapidly when it reads below 41.7%. Note that there are common fake gold tricks that sellers will use to lie to you that this product is worth more that it is. 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. This trick has been there for a considerable duration and people should not fall to it in 2023. It is also worth noting that some dealers use the trick of pyrite application. It is actually known as fool’s gold worldwide. It is easier to know fake gold because pyrite leaves discoloration when 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. Before you embark on the process of testing gold at home, ensure that you have the right weapon – lighter. A butane lighter with actual lighter fluid is ideal and it should produce tall flame.
You will need a nail to hang the gold on the wall. 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.