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. If you have gold at home, know that it will one day save you from financial distress. The last thing you want to imagine is that you will discover later that what you think is gold is actually fake. Remember that there are many gokd dealers and the number keeps growing. The vast number creates an opportunity for scammers as well. You need to be careful lest you fall into their hands. However, you can stay informed by using a lighter. 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. The mixup is common with newbies who don’t know what real gold is. Fake gold is anything that falls below 10 karats. You can read more here for a breakdown of how it translates to value. The Gold Price per Gram calculator will tell you how much the market will offer for your gold depending on the purity. Gold’s value rapidly begins to decline if its content goes below 10 karats. Sometimes the gold isn’t real but some dealers have tricks to lie about its content. 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. This trick has been there for a considerable duration and people should not fall to it in 2023. Pyrite application is another trick you should be careful about. It is actually known as fool’s gold worldwide. It is easier to know fake gold because pyrite leaves discoloration when 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. 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.
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. For more information and insights into gold and silver industry, read more here.