Gold has maintained its position as a precious metal over the years. It remains a safe haven for investors who know its value. That metal in your possession could become a financial lifeline but are you sure that it is real? 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. 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. Here are the ways through which you can check if the gold you have is real using a lighter.
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. 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. The Gold Price per Gram calculator will tell you how much the market will offer for your gold depending on the purity. The moment its content gets below 10 karats, it begins to depreciate. Some dealers have a way of playing with the mind to deceive unsuspecting clients that the gold is real. They can use gold washing and claim that washed pieces are real gold.
The other common trick unscrupulous sellers use is gold plating. It is one of the oldest tricks and it is surprising that many people are yet to know about it. It is also worth noting that some dealers use the trick of pyrite application. It is actually known as fool’s gold worldwide. If pyrite is exposed to the atmosphere, it leaves discoloration which confirms that indeed it is fake gold.
Testing gold is a global industry because there is too much money riding on whether what you claim to be gold is actually real. Many people think that they need sophisticated machines and laboratories to check if gold is real. Using a simple household item like a lighter, you can test to see what you are dealing with here. Before you embark on the process of testing gold at home, ensure that you have the right weapon – lighter. A recommend lighter is a butane lighter filled with actual lighter fluid.
You will need a nail to hang the gold on the wall. Direct the flame on the metal and check the color change. It should turn lighter in colour after heating for at least 60 seconds if the gold is real. For more information and insights into gold and silver industry, read more here.