Would be very interesting if you could get one or more of the various types of fake bars, like low purity and/or a core of a different metal like has been seen, and show how they react to the tests.
Good video! As a note though, the Sigma Verifier doesn't actually measure "density", which would be specific gravity. It is an eddy current tester which measures an approximation of volume resistivity.
This video will never go out of style. Just tested all my bullion. Everything was legit thank God. I only buy from one dealer so I'm going to stick with them for sure.
We love hearing that AJ, so glad you are enjoying our videos. We designed them to be educational for both beginners and more seasoned metal investors. Feel free to email us if ever you have any questions; info@swpcayman.com
Is X-ray fluorescence the best method? I've seen a silicon drift detector at the coin auction house in Vienna and it seems to be a really good gadget, giving you precise information within couple of seconds.
Fantastic video. I very much enjoyed it. I have been in metals since 2007. I have to say for a new person to metals if they watched this it would be eye opening. Stack on!
I'm always willing to pay a slightly higher premium for bullion with security features because it increases liquidity on the secondary market. I'm hoping the United States Mint upgrades the 2021 American Silver Eagles with better security features, similar to RCM's Canadian Silver Maples. Great information here 👍
I have a few bars that when they are alone they weigh less, but when together they weigh perfectly. I think it is because of rounding. My scale isn't super fancy.
Pretty much every bullion item you get has imperfections one way or another. I've had royal mint bars with visible Marks and I've had ones without. Value isnt really affected, just ur OCD 😂
Thank you for this information. I've heard that there are gold bullion coin fakes, tungsten inside gold cladding. Apparently tungsten has a similar weight to gold. Have you seen these? What is the best way to detect them?
These density values are for pure Au and W, and in grams per cubic centimeter (g/cm^3): 19.32 gold (Au) 19.25 tungsten (W) You can use the PMV Pro to check your bullion gold coins. He used an earlier model in this video.
Great video. Buy a lot of bullion for myself and so far had two fakes both silver bars and both were lead shelled with a silver jacket. Unfortunately I don’t have special equipment however you could just ‘tell’ there was something not right so I took a drill to them which quickly showed the jacket. Both bars where from eBay in the UK.
The-Toy-Guy unfortunately bars in the UK are also taxed where as British minted coins are not subject to any sales tax or capital gains tax. Sovereigns and Britannia’s are still classed as legal tendar ie you can go to a shop and spend it and hence for this reason the above stated means that most bullion collectors in the UK stick to British minted coins.
The-Toy-Guy it’s food for thought. I’ve bought monetary metals for decades since about 1992 I think, and having many reputable dealers I’ve never had a problem other than eBay. Now I just buy direct from the Royal Mint and that way there is no messing. You are 100% right though if I saw silver I’d buy it especially if it was that cheap, however again in the UK it has to be hallmarked by law for precious metals so basically everyone knows what it is. I doubt you would find a £1 ladle that could be sold for £160 melted but you never know, personally I’ve not seen one, but in that instance I would certainly buy it and have it melted. There are ways to buy precious here for spot if not cheaper than, but not sure I’d like to give my secrets away here lol since everyone would probable do it here in the UK and I wouldn’t get my cheaper silver lol... For me I buy precious metals a. For my children to benefit in the future but also b. As a hedge against inflation. I bought several 1oz Britannia’s around £275 an ounce in the 90’s and now there £1250 there is certainly talk of gold hitting £3000 an ounce in our lifetime so even if I pay spot I’m still happy, the spot price plotted on a graph over decades has a very clear trajectory and that is firmly up!!!
The-Toy-Guy I do like queens beast series very nice coins, and I have done well with them in the past. For stacking I buy 1oz Silver Britannia and for gold the Sovereign only because historically when I have rebalanced for some reason the sovereign sells better than the gold Britannia..... I don’t know why but for me they just seem to seem at a slightly better premium for their gold content. And then I try and buy a few of all the designs that come out mainly for my interest rather than the metal content but like I say in the past I’ve sold some of these coins for way more than there silver content. It’s about time I came back to Australia I have family in Perth and I loved the mint!!! You guys in Australia and in the US too have got the right idea of precious metals but here in the UK it’s a very over poked asset.
You did not demonstrate the 3 wands for the sigma precious metals density tester - wands to test larger bars etc.. But instead you deferred to the magnetic tester as needed for larger bars as if the above density tester does not work for larger bars. Please advise? Thanks
I am really surprised that you do not use a spectrometer. Given the value that comes through your vault, would it not be safer to know exactly what is in the coin/bar, etc?
Hi Jose, great question. Spectrometers have limitations as well, they cannot be used effectively for thicker bars such as kilo gold and 100 oz silver bars, hence why we prefer the GVS machine (the last machine in the video) which can more effectively test larger bars. I'm not saying a spectrometer isn't a valuable tool to have; we'd certainly have one if we were buying scrap metal on a regular basis.
Evgeni Plamenov: These are all excellent UK sellers and they will also buy back your metals if you want to sell: www.bullionbypost.co.uk/ www.silvertrader.uk/shop/ atkinsonsbullion.com/
Great info Mark, I'm wondering how to become a precious medal dealer. Any suggestions is much appreciated. Thank you for sharing all the contents in this channel !
I don't know if they sell fake gold, i highly doubt it as they have a reputation to protect, but the issue with them is that they are certainly not the best priced dealer
Are Apmex and Golden state mint good places to buy from? I purchased 5 10z. bars from Golden State Mint and they were not packaged like the ones you showed. They were in little plastic sleeves.
Good video, Question, 1. where to buy the testing equipment 2. A dealer showed how to test gold in his shop by scratching off a little and using acid? Also he said it was not possible to test silver easily as it needed to be sent away for a special test which i assume is using the tests shown in this video, can you confirm or give you opinion please. Thanks Chris Armstrong
Strategic Wealth Preservation - SWP: What are the acceptable tolerances when weighing or measuring coins? How far "off" can they be from the expected values (size / weight) and still be genuine?
I’m sure with all that gold and other precious metals in your vault you are not able to test every item that comes in but instead rely on statistical sampling. Can you share the percentage of items, especially gold, that you test?
Thanks Zach. The last machine we use is the newest of the bunch. It has proven to be extremely effective and we like it especially because it can be used to thicker bars or entire tubes of coins.
I'm suprised for a company that deals in such large amounts of bullion, they don't have an xrf machine which is pretty much fool proof way to detect fakes
Yes, but the two issues are unrelated. The Canadian Federal government sold the countries gold reserves. The Royal Canadian Mint is an excellent institution.
I had some material sent to a supposedly reputable refiner for refining to five 9's. Material received was not five 9's. The only real way to test for purity is to use an XRF analyzer. XRD will do the same but not as precise. XRF is better suited for purity testing. It will also tell you what the impurity is. A suppliers should be using one albeit expensive and all purchasers if one can afford a unit would be advised to do so.
Best investment I made was a water density scale. While I mostly buy from APMEX I do local deals from time to time. Saved me from buying a fake credit Suisse 5 oz gold bar.
Some examples of fake items ,captured , Should have been shown & , to be aware of on sight !! And list of dealers outlets to purchase these testers + costs of these devices !! Thanks !!
What is the best starting method? Say I want to start investing 400/mo in metals? I don't have a lump sum for another couple years, however Once I do I plan on investing in Palladium and Gold.
So how would you detect alloys containing lead (to give an identical weight) hidden in the centre of an otherwise genuine bar ? Magnetically ? .. by the density ?
How much tolerance / leeway is acceptable when weighing silver or gold coins (they rarely weigh EXACTLY their quoted weight)? I've asked this question on YT many times in the past but nobody seems to know the answer.
I weighed several of my 1 ounce silver maple leafs and they came in at one troy ounce, 1.003 or 1.005 Troy ounce. They are legit because I brought my silver maple leafs to an authorized Canadian Mint dealer to have them tested. He had a DNA machine to check the engraved maple leaf's security feature. All ok. So as long as the weight is just slightly more, you are safe and ok. And as the video mentioned, the coins (whether silver or gold) will never be under weight.
Great information, I get a lot out of your videos, a little advise if I may, you should add some links to these products and make that extra money.... probably get some free tools from the companies for the promotion.
In the UK, any coin which has a value stamped on it with Queens head is classed as money and the penalties for faking them are 10 years for counterfeiting, 10 years for passing to another person, and 10 years for accepting a counterfeit ( so don't be a mug and tell the Police you have all these fakes you accepted...) - told this first day when working at a Bingo club in the 90's - the emphasis to us was the penalties on accepting it (to stop insider corruption). All UK bullion coins have a price and the Queens head.
I use a digital scale. And the scratch and acid test. And a strong magnet. Cuz I heard that it slowly glides down silver. Can you confirm that the magnet test is true?
Chaotic twig, you can also look for the cct slide on TH-cam. It's made by a British you tuber named cct curtain twitcher. It is sold here in U.S by a you tuber named mr vegita.The scale is made with wood and the magnets are covered with a carpet like cloth.
I recently purchased a 1 oz gold Libertad and when I put it on my sigma instrument it was just outside the bars. I called the company that I purchased it from and they said that Libertads are known for doing that. Do you have any experience with the Libertads? I see that you have a sigma analytics instrument like the one I just bought. I ran all my coins through and the Libertad was the only one that was off.
Hi Pudenda, I don't recall having that experience with Libertads, however we have a similar experience with 1 oz gold bars (OPM and Elemetal brands). Some bars tested outside the tolerance, but after further testing, we concluded they were real. So long story short, it can happen. That's we employ several tests, including the magnetism test which is fairly conclusive.
Couldn’t you use a caliper or micrometers and figure out the volume vs. the weight. I’d think if the density per cm3 was wrong it’d be a dead ringer for a fake
It's more accurate to measure volume with a graduated cylinder and water. But coins with known dimensions (diameter and thickness) can be checked with calipers quickly. These density values are for pure Au and W, and in grams per cubic centimeter (g/cm^3): 19.32 gold (Au) 19.25 tungsten (W) You can use the PMV Pro to check your bullion gold coins. He used an earlier model in this video.
Thank you so much for replying. I just spoke with the seller and they are letting me return it. It may be real, but I'm not willing to take that chance.
Thank you for introducing the tips. But I have to say. You can easily buy gold bars from each Chinese bank. So they often exhibit gold bar models in the hall to show the size of different products. It's impossible to provide real gold bars of different sizes in all the banks right? China has 230,000 bank branches. If each branch put a 1000g+100g+10g gold bar as an example. It costs over 250 tons of gold. That's the reason why some Chinese factories have the business of making gold bar models. A knife can cut the beef. It can also kill people. It only depends on who is using that. Btw, the gold bar models sometimes are also used to decorate the shrines or modify Fengshui. You can easily tell the difference between a model or a real gold bar if you put it on your hand.
What are your thoughts on buying gold hallmarked jewellery as an investment? You can see the Karat content, you can weigh it & can thus work out the actual gold content & check the daily mint spot price to at least know its gold content value. That’s all I pay, daily spot & I get a few pieces a week, mostly from desperate souls who need cash in a hurry. Often I get the receipts from the Jeweller it was purchased from, & it’s usually 3 times what I pay for it. The fact it’s manufactured into a piece that can be worn means you always have melt value, but if your prepared to wait & advertise it as jewellery, often I’ll get double what I pay for it, which is still only 2/3rds what retail jewellers charge, so the buyer gets a saving & I get a healthy profit. I can buy cast & minted bars from the mint, at the same daily spot price, but unlike Jewellery there’s no potential upside like there is with jewellery when selling. I’m surprised you don’t use an XRF gun to test your gold?
The gentleman is very professional. Obviously an asset to the company.
Indeed
Isn't gold just so lovely to look at. The perfect color and shine!
The look of it, the tashte of it, the schmell of it, the texshture!!
Great presentations, very professional and informative
Thank you Silver Flyer, glad you enjoyed. Be sure to subscribe to our channel and enjoy the rest of the videos!
@@SWPCayman Can you list a few companies to choose from?
Would be very interesting if you could get one or more of the various types of fake bars, like low purity and/or a core of a different metal like has been seen, and show how they react to the tests.
Testing devices shown in video:
Ohaus SP2001 Scout Pro Portable Balances
The Original Precious Metal Verifier by SigmaMetalytics
GVS Bullion Tester
Thank you for this comment
Good video! As a note though, the Sigma Verifier doesn't actually measure "density", which would be specific gravity. It is an eddy current tester which measures an approximation of volume resistivity.
This video will never go out of style. Just tested all my bullion. Everything was legit thank God. I only buy from one dealer so I'm going to stick with them for sure.
I'm very new to buying precious metals, thank you for the videos very informative.
We love hearing that AJ, so glad you are enjoying our videos. We designed them to be educational for both beginners and more seasoned metal investors. Feel free to email us if ever you have any questions; info@swpcayman.com
Can you do a video on reputable sources to buy gold and silver from in the USA?
Good idea Vlad, we'll consider that for Season Two. You can also buy from SWP for delivery inside the US (we'll drop ship from a US supplier).
Is X-ray fluorescence the best method?
I've seen a silicon drift detector at the coin auction house in Vienna and it seems to be a really good gadget, giving you precise information within couple of seconds.
Fantastic video. I very much enjoyed it. I have been in metals since 2007. I have to say for a new person to metals if they watched this it would be eye opening. Stack on!
Being new to this industry, I have learned a great deal from you . Thanks for sharing..
I'm always willing to pay a slightly higher premium for bullion with security features because it increases liquidity on the secondary market.
I'm hoping the United States Mint upgrades the 2021 American Silver Eagles with better security features, similar to RCM's Canadian Silver Maples.
Great information here 👍
Iam new to this do u prefer coins or bars ? Proof or bullion and what are rounds ?
They didn't.
Is your watch okay over that strong magnetism? :) great content. Thank you.
Who else getting ready for the economic flop from Carona?
Looks like its the dollar thats flopping because every asset class in the world is melting up in tandem.
I wished that I'd started earlier...can't wait to unplug from the matrix.
These guys have more gold in deposits (in physical presence) that there's located in Fort Knox and Federal Reserve Bank of New York, combined :D
So true
Thank you for making this video. It was one of the cleanest and well presented ones that I've seen
These videos are really interesting, but as I'm watching I can't help I get distracted by the stacks of gold and silver in the background 🤑🤑🤑🤑
They are there as backstage props.
I'm really surprised that you did not say anything about the "ice test" for 999 Silver! Very simple and works every time with complete satisfaction!
Cool video. Very informative.
Would have been nice to see a comparison with fake metals as well. Maybe in the future you can do something like that.
I have a few bars that when they are alone they weigh less, but when together they weigh perfectly. I think it is because of rounding. My scale isn't super fancy.
hi, one question do little scratches on 1oz coins
(like krugerrand) lower the price significantly?
Unless the coins are rare it shouldn't. Precious metals are valuable by the weight not by the look. I would avoid scratches anyways.
Pretty much every bullion item you get has imperfections one way or another. I've had royal mint bars with visible Marks and I've had ones without. Value isnt really affected, just ur OCD 😂
Cool video! Loved the magnetism test on the alloy!
Thank you for this information. I've heard that there are gold bullion coin fakes, tungsten inside gold cladding. Apparently tungsten has a similar weight to gold. Have you seen these? What is the best way to detect them?
These density values are for pure Au and W, and in grams per cubic centimeter (g/cm^3):
19.32 gold (Au)
19.25 tungsten (W)
You can use the PMV Pro to check your bullion gold coins. He used an earlier model in this video.
As kids decades ago we used paint house bricks with gold paint. You can probably find the same on Ebay today.
Thank u for Denmark.
What About a x-ray scanner? it would give a 100% correct answer as to what the topic contains?
Hi can you provide information on the last machine, is it called a magnetic Scale? I dont see many for sale online
Hi Mr Mc, you can find it here: www.gvs-bullion.com/tester/tester_en.html
Great video. Buy a lot of bullion for myself and so far had two fakes both silver bars and both were lead shelled with a silver jacket. Unfortunately I don’t have special equipment however you could just ‘tell’ there was something not right so I took a drill to them which quickly showed the jacket. Both bars where from eBay in the UK.
Thank you for sharing Matthew. We definitely suggest that people proceed with caution when buying from Ebay or Alibaba.
I’ve learnt my lesson the hard way. Just buy direct from the Royal Mint now.
The-Toy-Guy unfortunately bars in the UK are also taxed where as British minted coins are not subject to any sales tax or capital gains tax. Sovereigns and Britannia’s are still classed as legal tendar ie you can go to a shop and spend it and hence for this reason the above stated means that most bullion collectors in the UK stick to British minted coins.
The-Toy-Guy it’s food for thought. I’ve bought monetary metals for decades since about 1992 I think, and having many reputable dealers I’ve never had a problem other than eBay.
Now I just buy direct from the Royal Mint and that way there is no messing. You are 100% right though if I saw silver I’d buy it especially if it was that cheap, however again in the UK it has to be hallmarked by law for precious metals so basically everyone knows what it is. I doubt you would find a £1 ladle that could be sold for £160 melted but you never know, personally I’ve not seen one, but in that instance I would certainly buy it and have it melted.
There are ways to buy precious here for spot if not cheaper than, but not sure I’d like to give my secrets away here lol since everyone would probable do it here in the UK and I wouldn’t get my cheaper silver lol...
For me I buy precious metals a. For my children to benefit in the future but also b. As a hedge against inflation. I bought several 1oz Britannia’s around £275 an ounce in the 90’s and now there £1250 there is certainly talk of gold hitting £3000 an ounce in our lifetime so even if I pay spot I’m still happy, the spot price plotted on a graph over decades has a very clear trajectory and that is firmly up!!!
The-Toy-Guy I do like queens beast series very nice coins, and I have done well with them in the past. For stacking I buy 1oz Silver Britannia and for gold the Sovereign only because historically when I have rebalanced for some reason the sovereign sells better than the gold Britannia..... I don’t know why but for me they just seem to seem at a slightly better premium for their gold content. And then I try and buy a few of all the designs that come out mainly for my interest rather than the metal content but like I say in the past I’ve sold some of these coins for way more than there silver content. It’s about time I came back to Australia I have family in Perth and I loved the mint!!! You guys in Australia and in the US too have got the right idea of precious metals but here in the UK it’s a very over poked asset.
what is the best way to sell, do you have a video about that?
That gold bar looks so beautiful 😍
It is!
Great channel - best information on YT
Thanks Tracey Bee - that's means alot!
Love the content, thank you for informing us with solid intel
You did not demonstrate the 3 wands for the sigma precious metals density tester - wands to test larger bars etc.. But instead you deferred to the magnetic tester as needed for larger bars as if the above density tester does not work for larger bars.
Please advise?
Thanks
I am really surprised that you do not use a spectrometer. Given the value that comes through your vault, would it not be safer to know exactly what is in the coin/bar, etc?
Hi Jose, great question. Spectrometers have limitations as well, they cannot be used effectively for thicker bars such as kilo gold and 100 oz silver bars, hence why we prefer the GVS machine (the last machine in the video) which can more effectively test larger bars. I'm not saying a spectrometer isn't a valuable tool to have; we'd certainly have one if we were buying scrap metal on a regular basis.
@@SWPCayman I am really enjoying your video series and find them very informative. Thanks for doing them! Hope to use your services someday.
Thank you Jose! We're glad you're enjoying the videos. There are a few more left in the series. We look forward to working with you one day as well.
The spectrometer will only get a result off the first few microns of the surface. Gold plated tungsten will pass the spectrometer test.
Hello i live in Enlgand. Can you recommend website ti buy gold and silver ?
Evgeni Plamenov: These are all excellent UK sellers and they will also buy back your metals if you want to sell:
www.bullionbypost.co.uk/
www.silvertrader.uk/shop/
atkinsonsbullion.com/
Great info Mark, I'm wondering how to become a precious medal dealer. Any suggestions is much appreciated. Thank you for sharing all the contents in this channel !
Iam waiting on
My first order is apmex realiable ?
I don't know if they sell fake gold, i highly doubt it as they have a reputation to protect, but the issue with them is that they are certainly not the best priced dealer
Are Apmex and Golden state mint good places to buy from? I purchased 5 10z. bars from Golden State Mint and they were not packaged like the ones you showed. They were in little plastic sleeves.
Good video,
Question,
1. where to buy the testing equipment
2. A dealer showed how to test gold in his shop by scratching off a little and using acid?
Also he said it was not possible to test silver easily as it needed to be sent away for a special test which i assume is using the tests shown in this video, can you confirm or give you opinion please.
Thanks Chris Armstrong
Strategic Wealth Preservation - SWP: What are the acceptable tolerances when weighing or measuring coins? How far "off" can they be from the expected values (size / weight) and still be genuine?
Philip, they should be exactly even or
@@SWPCayman: Many thanks for the reply :-)
2 Chinese knock off artists disliked this video.
We sure hope so. I have absolutely no respect for counterfeit artists or websites that sell counterfeit products. Throw them all in jail!
3 Now.🙄
5 now
@@SWPCayman good sir what is the magnetic testing device called or can i get a link where i can buy one please and thank you
@@SWPCayman i know i saw a asian website o knockoffs with not even plated, painted!!
First 2: I could have guessed that
last 2: super science!
So all the metals on your website are guaranteed 100% authentic? Free returns?
Great Info. and tips, thank you sir!
I’m sure with all that gold and other precious metals in your vault you are not able to test every item that comes in but instead rely on statistical sampling. Can you share the percentage of items, especially gold, that you test?
Very interesting and informative..
Certainly knows his beans .
Glad you enjoyed the video!
How much does the plastic case weigh plus the metal? Gold or silver?
Never saw tests like this ... until now :)
Thanks Zach. The last machine we use is the newest of the bunch. It has proven to be extremely effective and we like it especially because it can be used to thicker bars or entire tubes of coins.
Canadian mint products are my favorite and most trusted.
How to check the gold or silver bar without removing them from package? I don't mean visual check.
Don't forget about Assay Mark's which I use when selling Bullion. But Great video
Ultrasound and XRF....plus ping test for coins....
I'm suprised for a company that deals in such large amounts of bullion, they don't have an xrf machine which is pretty much fool proof way to detect fakes
Thank you sir. Very informative video.
Ya know what is strange? The Canadian Mint is a 'reputable' producer yet, the vaults of the Canadian Gov't are EMPTY...
Yes, but the two issues are unrelated. The Canadian Federal government sold the countries gold reserves. The Royal Canadian Mint is an excellent institution.
True dat!
That just shows how pathetic it is when our elected officials are less competent or trustworthy than unelected Crown Corporations
Do you use an XRF machine?
I had some material sent to a supposedly reputable refiner for refining to five 9's. Material received was not five 9's. The only real way to test for purity is to use an XRF analyzer. XRD will do the same but not as precise. XRF is better suited for purity testing. It will also tell you what the impurity is. A suppliers should be using one albeit expensive and all purchasers if one can afford a unit would be advised to do so.
Does SWP test all PM's upon arrival as a gaurantee no fakes are stored or leave the vault?
Where can I purchase these devices?..(please provide links).%
It can hollowed and put other non magnetic metals inside to match the weight
Best investment I made was a water density scale. While I mostly buy from APMEX I do local deals from time to time. Saved me from buying a fake credit Suisse 5 oz gold bar.
Some examples of fake items ,captured , Should have been shown & , to be aware of on sight !! And list of dealers outlets to purchase these testers + costs of these devices !! Thanks !!
Thanks for the great informational video. What about Chinese Pam
das. Arent they a few grams less than an ounce
What is the best starting method? Say I want to start investing 400/mo in metals? I don't have a lump sum for another couple years, however Once I do I plan on investing in Palladium and Gold.
Avoid palladium, it’s too violate and some would argue its in a bubble. Stick to buying junk silver and US gold bullion.
@@mattck92 that's common sense, you don't buy when is high. Currently silver and copper seem to be the lows
Great video thank you for sharing 👍
Can one use a quality metal detector verify gold and silver?
2:20 Except for the US Mint... their idea of anti-counterfeiting it removing a reed with a Dremel.
What do you think about the SMI mint-mark from Sunshine Minting?
So how would you detect alloys containing lead (to give an identical weight) hidden in the centre of an otherwise genuine bar ?
Magnetically ? .. by the density ?
Specific gravity
@@thanasi5537 anything of a given size and shape will have the same specific gravity as long as the weight is also the same
@@santallum You cant fake with lead. Tungsten is what is used
yow, where did you get the machines? Is it advisable to buy gold directly from small scale miners?
How much tolerance / leeway is acceptable when weighing silver or gold coins (they rarely weigh EXACTLY their quoted weight)? I've asked this question on YT many times in the past but nobody seems to know the answer.
I weighed several of my 1 ounce silver maple leafs and they came in at one troy ounce, 1.003 or 1.005 Troy ounce. They are legit because I brought my silver maple leafs to an authorized Canadian Mint dealer to have them tested. He had a DNA machine to check the engraved maple leaf's security feature. All ok. So as long as the weight is just slightly more, you are safe and ok. And as the video mentioned, the coins (whether silver or gold) will never be under weight.
when you're bar of gold doesen't have a serial number does that mean it is fake ? ( talking about 50 grams )
Dude you Rock! Like your even keel approach~
What would the cost be to refine junk silver to bars
Great information, I get a lot out of your videos, a little advise if I may, you should add some links to these products and make that extra money.... probably get some free tools from the companies for the promotion.
#Gold & #Silver to the 🌕
Sound Money > fiat currency
Hello brother
How shop a gold silver test machine in India
how can i buy silver or gold, am in lagos nigeria
Yahwèbuka Somalia I think has a mint, also Gold and Silver Kruggerand from South Africa.
In the UK, any coin which has a value stamped on it with Queens head is classed as money and the penalties for faking them are 10 years for counterfeiting, 10 years for passing to another person, and 10 years for accepting a counterfeit ( so don't be a mug and tell the Police you have all these fakes you accepted...) - told this first day when working at a Bingo club in the 90's - the emphasis to us was the penalties on accepting it (to stop insider corruption). All UK bullion coins have a price and the Queens head.
I use a digital scale. And the scratch and acid test. And a strong magnet. Cuz I heard that it slowly glides down silver. Can you confirm that the magnet test is true?
chaotic twig: Yes, the magnet test works (see link below).
th-cam.com/video/_3tLj1MWz3w/w-d-xo.html
Chaotic twig, you can also look for the cct slide on TH-cam. It's made by a British you tuber named cct curtain twitcher. It is sold here in U.S by a you tuber named mr vegita.The scale is made with wood and the magnets are covered with a carpet like cloth.
Ebay needs to look at what is sold so many fakes.
I eard about tungsten bar plated with gold to make fake, is it true ?
What kind of Troy ounce scale is that?
Where is The Best Place To Buy Silver?
Where can we buy fake Gold and silver bar for cheap ? I want to set a fake volt out i case some comes in and try to rob
Thanks for the video...
I recently purchased a 1 oz gold Libertad and when I put it on my sigma instrument it was just outside the bars. I called the company that I purchased it from and they said that Libertads are known for doing that. Do you have any experience with the Libertads? I see that you have a sigma analytics instrument like the one I just bought. I ran all my coins through and the Libertad was the only one that was off.
Hi Pudenda, I don't recall having that experience with Libertads, however we have a similar experience with 1 oz gold bars (OPM and Elemetal brands). Some bars tested outside the tolerance, but after further testing, we concluded they were real. So long story short, it can happen. That's we employ several tests, including the magnetism test which is fairly conclusive.
what about xrf machines?
What about the spasific gravity test?
Very cool!
Buy only from trusted sources and test ur purchases randomly ideally buy only from manufacturers directly
Couldn’t you use a caliper or micrometers and figure out the volume vs. the weight. I’d think if the density per cm3 was wrong it’d be a dead ringer for a fake
It's more accurate to measure volume with a graduated cylinder and water. But coins with known dimensions (diameter and thickness) can be checked with calipers quickly.
These density values are for pure Au and W, and in grams per cubic centimeter (g/cm^3):
19.32 gold (Au)
19.25 tungsten (W)
You can use the PMV Pro to check your bullion gold coins. He used an earlier model in this video.
Thank you so much for replying. I just spoke with the seller and they are letting me return it. It may be real, but I'm not willing to take that chance.
Thank you for introducing the tips.
But I have to say. You can easily buy gold bars from each Chinese bank. So they often exhibit gold bar models in the hall to show the size of different products.
It's impossible to provide real gold bars of different sizes in all the banks right? China has 230,000 bank branches. If each branch put a 1000g+100g+10g gold bar as an example. It costs over 250 tons of gold.
That's the reason why some Chinese factories have the business of making gold bar models.
A knife can cut the beef. It can also kill people. It only depends on who is using that.
Btw, the gold bar models sometimes are also used to decorate the shrines or modify Fengshui. You can easily tell the difference between a model or a real gold bar if you put it on your hand.
Here in Bulgaria we work for 1 Oz gold 13 years
explain please
@@BdeJJG divide ,13 buy 2000 is yearly income
Just saw on a video not to put your magnets near the sigma metalytics. They said it could break it.
What, Can I believe what this chap said. not being concerned overly about fakes on the market REALLY.
You can also pay a slightly higher premium for graded coins from reputable third party graders.
What are your thoughts on buying gold hallmarked jewellery as an investment?
You can see the Karat content, you can weigh it & can thus work out the actual gold content & check the daily mint spot price to at least know its gold content value.
That’s all I pay, daily spot & I get a few pieces a week, mostly from desperate souls who need cash in a hurry.
Often I get the receipts from the Jeweller it was purchased from, & it’s usually 3 times what I pay for it.
The fact it’s manufactured into a piece that can be worn means you always have melt value, but if your prepared to wait & advertise it as jewellery, often I’ll get double what I pay for it, which is still only 2/3rds what retail jewellers charge, so the buyer gets a saving & I get a healthy profit.
I can buy cast & minted bars from the mint, at the same daily spot price, but unlike Jewellery there’s no potential upside like there is with jewellery when selling.
I’m surprised you don’t use an XRF gun to test your gold?
Ebay will rip you off so watch ebay.
*Some sellers on Ebay will rip you off
Same thing