Is My Bullion Purchase Authentic or Fake?

It is important that those who buy/invest in bullion have requisite knowledge about how to test the authenticity of their purchase; for if they don’t, besides wasting funds and time they would also be putting the value of their investment in peril. Sound judgement heeds beckoning the   advice of a professional. However, there are simple tests which the customer could conduct on his purchase himself and assess the purity of his buy.

The following are the ways whereby, a customer/investor can conduct an examination on his own:

Markings: All gold and silver bullion investment bears markings of the mint that it is produced in. Therefore, one should seek that marking as a check of bullion purity; if missing in all likelihood the purchase is a fake. The other marking indications that prove genuineness of the bullion are serial numbers, purity & weight.  In case of coins their denominations and mintage year. If all the markings mentioned are missing then the product is an all-out fake.

Edge Finish: In coins, it is the edge finish which is difficult to duplicate of the original form. Every coin design has a distinctive edge pattern; some being smooth/plain, others with lettering on them and a third category with reading. Your checking now has to include ensuring that the edge finish matches the coin design demands and the composition/grain has been accomplished in the right way. The common error that duplicate coins have is reeds of incorrect size.

Relief: A form detail that plagiarists find difficult to copy is the ‘Relief’. The height of the image in relation to the coin base is known as the ‘Relief’ of the coin. A standard relief in coins enables owners to create neat stacks of them, one on top of the other. The fake are caught because the plagiarists find it difficult to cut a standard size, therefore, they tumble down when stacked. The other distinguishing feature of a fake being the relief being so low that the design is not noticeable. It one was to run a finger on the coin surface one would be able to apprehend the difference.

Weight: It is a criminal offense to sell items of distorted weights. Therefore, no mint of repute would risk it. As most bullion piece have weights carved on them, a simple test of weight would be a test for fake or otherwise.

Dimension: The caliper (a measurement Instrument) is to be used to measure the diameter and width of the purchase gold and silver bullion piece. If it differs from the standardized measurements for one’s purchase, then it is a fake one. All coins bars and rounds are cast into identical moulds by machines; any variance from the specified measure is an indication of duplicity.

Ping: When one strikes another smooth piece of precious metal to one’s own and hears a ‘ping’ sound that lasts for 1 second, it is a genuine piece. However, if you hear a heavier sound, you’ve been taken for a ride.

Magnetism: Gold & Silver are non-magnetic; therefore, measuring magnetism of one’s bullion purchase would indicate the genuineness of the purchase. Taking a magnet and hovering it directly above the bullion is an acid test, if the two attract, the purchase is a fake one. However, a further test would be required after this, because there are certain fake metals which are nonmagnetic. Therefore, a second test is essential to establish authenticity of the buy.

add for posting banner 1

Conductivity: The test of conductivity is for a silver bullion purchase alone. If one finds a piece of ice placed on a bullion melting quickly, then one has a true metal at hand, this being so because silver is a good conductor metal. The heat stored in the bullion is what melts the ice on it. If one observes that the ice is melting slowly or not melting at all, then it is to be understood that one has been fooled.

Acid Test: The silver acid test kit would help one find out the correctness of the bullion purchase. If performed properly, the area on which the chemical test is performed would change to red, brown or green colour. These three colours prove the authenticity of the purchase. Any other colour change would pronounce the buy to be a fake one. One has to be sure about the composition of chemicals used in this test, for if not done properly, it could damage the purchase and the buyer would incur financial loss.

Ultrasound: This test should be left to a professional to conduct on behalf of the buyer, as this has to be done on expensive machines and requires technical knowledge, since sound waves speeds need to be measured. Composition and consistency of the bullion also has to be deliberated upon, to establish validity of the metal.

Authenticity Checks to be Evaded: Indenting, scraping and dropping ones bullion to check genuineness of the purchase should be abstained from, for these prying tests could damage the bullion & also lead  to its  weakening .

Tests to Avoid:  Indenting, scraping or dropping ones gold or silver is to be avoided. These prying tests damage bullion, leading to devaluation. ‘Ping’ is the only acceptable tests for it do not damage the bullion.

Buy Real Gold and Silver From Jindal Bullion Ltd:

Jindal Bullion is one place that an investor can approach to make an authentic Gold & Silver bullion purchase. Retailers and wholesalers of repute, they ensure customer satisfaction. Traders in 995 gold and 999 silver bars and coins they purchase their precious metal  from the worlds  most reputed names like PAMP, UBS, Credit Suisse, Rand Refinery, Perth Mint, etc. and all their  products are 100% hallmarked.

For any queries their products please give them a call at 1800 3070 0621. Investors are welcome to contact the customer care staff via chat and online form submission as well.

Advertisements

Silver Bullion- An Investor Prerogative or Not!

Questions that come to an investor’s mind when we think of silver as a portfolio investment metal are why, how & where? The answers that we now choose to give the investor are food for thought and introspective decision making.

To answer the why of the statement: When an investor moves into the arena of silver investments, he moves into tangible asset investment instead of paper currency. It saves him from the risks he might run with the latter. The affordability of the precious metal widens the investment base for it, incorporating and providing many more the opportunity to become investors. An ordinary man’s insurance’ is what silver is, for history has revealed that whenever there has been economic instability, those possessing the metal have accrued benefits from it.

add posting banner 2456

Another important aspect why silver should be invested in is the reality of false abundance of silver that one notices in the form of paper investments, though the actual physical presence of the metal is quite limited. The future, keeping the current situation in mind, is likely to see a rise in the price of silver, thus making it a profitable investor choice. Of the total silver available on earth only 35 % is actually mined for; making it a sought after future investment. Its industrial consumption keeps it ever high from the selling point of view and therefore an attractive investment option for seasoned investors.

The next thought that would automatically come to an investor’s mind, once he has ventured into the silver business is the form in which to purchase the metal. The answer to this is simple: Bullion, coins & rounds.

Collectible Coin

Of the three, coins are the best when it comes to investments because they can be stored without much trouble, have collectible and melt value, which fluctuates every day. Silver bullion is for those who can buy low and sell at a high price. The next query that comes to mind is where one can go looking for them. The answer is simple, to credible and reliable outlets and online traders of silver bullion & coins. Jindal Bullion is one such physical and online Indian outlet that provides the buyer of silver- credibility and security of purchase.

When is the Right Time to Buy Silver Bars?

An important question for those trading in silver. The year 2015 has not been a good year for commodity investments, particularly silver. It has witnessed a low since April 2011. However, this could be taken as a time to buy low, keeping in mind the rarity of the metal. However, major investments in silver are unlikely to happen, particularly, if rate of interests around the world begin to take on a strong foothold in the coming years.

Therefore, the word of caution would be -buy silver coins.