Tips for The Average Joe

Dec 26th

How to Check If Gold Is Real With a Lighter

Gold is one of the most stable and valuable assets since time immemorial. Even today, it is still a safe haven that investors pile into during rough times. 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. Remember that there are many gokd dealers and the number keeps growing. 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! Here are the ways through which you can check if the gold you have is real using a lighter.

First off, it is ideal to understand what real gold actually is. The mixup is common with newbies who don’t know what real gold is. By the industry standards, fake gold is any item with less than 41.7% gold content – about 10 karats. For a clear breakdown on how this translates to value, click here. 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. 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 surprising that people still believe that gold plating can this technique counts as authentic gold. 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. It is easier to know fake gold because pyrite leaves discoloration when 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. Many people think that they need sophisticated machines and laboratories to check if gold is real. All you need is a lighter. Be careful because you can’t use any other old lighter and expect it to work magic. A recommend lighter is a butane lighter filled with actual lighter fluid.

You will need a nail to hang the gold on the wall. As you direct the flame on the metal, observe the changes in the color because real gold should turn lighter. The result should come out after about a minute of heating. Find time to read more now about pure gold.

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This post topic: Financial