Getting To The Point –
Gold has maintained its position as a precious metal over the years. Investors still rank it high because it is considered a safe haven. That metal in your possession could become a financial lifeline but are you sure that it is real? Many people keep these metals only to be surprised when they decide to sell them. The number of gold dealers keeps rising by the day. The vast number creates an opportunity for scammers as well. You need to be careful lest you fall into their hands. Using a lighter, you can check the purity and authenticity of gold now! Below is a comprehensive discussion on the things you need to know about gold and how to check if it is real using a lighter.
You cannot authenticate gold if you don’t know how a real one actually looks. If you are not familiar with these aspects, you can easily get confused. By the industry standards, fake gold is any item with less than 41.7% gold content – about 10 karats. You can learn more about that composition and how it translates to value in this website. Using a gold price per gram calculator, you will know how much you will get from your precious metal. 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. They can use gold washing and claim that washed pieces are real gold.
Some dealers also capitalize in gold plating to scam their clients. 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. 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. Many people think that they need sophisticated machines and laboratories to check if gold is real. Using a simple household item like a lighter, you can test to see what you are dealing with here. 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.
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. For more information and insights into gold and silver industry, read more here.
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This post topic: Financial
