Gold is one of the most stable and valuable assets since time immemorial. 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? 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. The vast number creates an opportunity for scammers as well. It means that you must tread carefully to avoid losing your precious metal which can be exchanged in a twinkle of an eye. 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.
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. Everywhere around the globe, fake gold is defined as any item with less that 10 karats (41.7% gold content). You can read more here for a breakdown of how it translates to value. Using a gold price per gram calculator, you will know how much you will get from your precious metal. The moment its content gets below 10 karats, it begins to depreciate. 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. Although it is not always a scam, some jewelers have a habit of passing off washed pieces as the real deal.
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.
Since it is crucial to know whether what you have is real gold, there is a lot of money in gold testing industry. Gold testing at home is easy and quick because you need a lot of chemical knowledge or chemistry labs as you would here! 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.
Ensure that you hang the gold somewhere on the wall because it can get hot and burn your hands. Direct the flame on the metal and check the color change. It should heat the gold for at least 60 seconds. In this site, you will learn more about gold and other precious metals.