Tips for The Average Joe
How to Check If Gold Is Real With a Lighter
For centuries now, gold is still the most stable and valuable asset you can think of in terms of precious metals. Investors still rank it high because it is considered a safe haven. You are stating at a financial lifeline should things turn south. Many people keep these metals only to be surprised when they decide to sell them. Remember that there are many gokd dealers and the number keeps growing. Similarly, scammers have also gotten into the industry. If you are not careful, you may end up in the wrong hands of scammers. However, you can stay informed by using a 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. 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. The value is determined by the Gold Per Gram Calculator. Gold’s value rapidly begins to decline if its content goes below 10 karats. Some dealers have a way of playing with the mind to deceive unsuspecting clients that the gold is real. Although it is not always a scam, some jewelers have a habit of passing off washed pieces as the real deal.
The other common trick unscrupulous sellers use is gold plating. It is surprising that people still believe that gold plating can this technique counts as authentic gold. It is also worth noting that some dealers use the trick of 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.
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. 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. 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. You can make a conclusion based on the color changes on the gold. It should heat the gold for at least 60 seconds. In this site, you will learn more about gold and other precious metals.
This post topic: Financial
