The value of gold is constantly increasing with time which results in the precious metal being more susceptible to counterfeiting. The motive is pretty simple. Convince the customers that they are getting what they bargained for, give them gold which is of less value than what they are paying for and keep the profits for themselves. This is the reason why it is essential to know how to spot fake gold to save yourself from wasting money on fake jewelry. There are number of ways to distinguish between real gold and fake gold.
Here are four ways to spot fake gold:
- Since it is a dense metal, fake gold will be thicker to compensate for its lack of density. This is the reason why it is important to do a little research before you buy gold.
- Find out what should be the size of the gold you want to buy, whether it is a bar, wafer or coin. You can then compare the sizes and figure out if the gold is fake or real.
- When counterfeiters cover different metals with a layer of gold, they can match the weight but it is not possible to match the size this way. Even though the difference will be minor, you will be able to spot it if you look carefully.
- The most obvious way to test whether your gold is fake is by weighing it. This should be the first thing you should do.
- Get a precise scale and weigh your gold. If it matches the weight as stated on the gold bar, wafer or coin then it is probably real. However, be aware that the weight of real gold can be matched in fake gold with the use of different metals. Don’t rely on this test alone.
- A magnifying glass can help you in finding anything that looks suspicious or odd. Search the internet or check out the branded gold showrooms and carefully look at the metal. Compare them with what you have. Spot any difference you can see, even if it is a minor one.
- It is better to invest in gold coins as they are smaller in size. Counterfeiters will usually go for faking larger gold items as it is easier to go through the entire process on an item which will give them more profit as compared to a smaller item. However, this is not always the case, there are fake gold coins circulating the market as well.
- If you have a larger gold item or are considering buying it, experts recommend that you should get it verified or get a certificate for it.
- Remember, real goad is never magnetic. Use a magnet to check if your gold sticks to it. If it does, your gold is fake.
- However, just a small magnet won’t do. Use a strong one.
- Be aware that counterfeiters obviously know this fact too so they try to utilize metals that are not magnetic. Don’t rely on this test alone.
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