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.

Know Gold Bullion Price and Buy Online

For solid savings buy 24K pure swiss gold bars/biscuits with no making charges. You can also shop for online, gold coins with divine image representations of Ganesha, Om , Shree,Laxmi, Trimurti symbolic of auspicious days; the other alternative being purchasing jewelry that you can wear with gold vedhanis (gold ring) in 23.5K gold with no making charges. Available in various grams, you can simply purchase gold bullions according to your financial statement.

What is Gold Mark Price?

The spot price of gold is the most common standard used to estimate the going rate for a troy ounce of gold. The price is driven by the assumption in the markets, exchange values current events and many other factors. The Gold price is used as the foundation for most bullion dealers to conclude the exact price to charge for investments in the form of coins or bars. Price calculations are done in troy ounces and change every couple of seconds through market hours.

Gold as an Investment

Gold is offered for investment in the form of bullion and paper certification.Physical gold bullion is manufactured by innumerable private and government casts both in the USA and worldwide.This preference is most commonly found in bar, coin and round form with a huge amount of sizes presented for each. So buy gold bars online for a better investment.

Gold bullion prices per gram can range anywhere from 1 gram in size up to 400 ounces while most coins are found in one ounce and partial sizes. In similarity with   other precious metals physical gold is observed by some as a good way to look after themselves against the on-going reduction of fiat currencies and from volatile stock markets.

Gold Bullion Investment

Isn’t the Price of Gold too Volatile for Most Investors?

Gold can, just like any other service, become volatile with rapid price variations. An unusually long quiet can also prevail in the gold market wherein a lot of trading keeps happening on the quiet along with price fluctuations.

Financial opinion on gold today foresees precious metal on the upward move in times to come a reason why investors are seen buying gold in a big way today.

Markets do not usually become unreliable or straight down in price; gold being no exception. While gold does witness sudden fluctuations. The price of gold is often no more volatile than the stock market or an exacting equity. Huge moves have been seen in almost every benefit class, and almost all asset classes also reveal periods in which they simply trade sideways.

Gold Coins and Bullion Bars – An Investment Preference

Buy Gold Coins and Bars Online

The two predominant thoughts that should stay with an investor when thinking of gold investment are :

  • Bullion Bars and Coins.
  • Maximizing after – Tax Returns of buying and holding precious metal.

Coins are investments of preference anywhere in the world because the country where these are issued is held accountable for the products:

  • accuracy, purity and weight.

Gold bars are the other option to gold coins for investment purposes.

Both Coins and Bars are considered :

  • Collectibles from the taxation point of view

India is a step ahead in comparison to other nations because it is one of the largest world markets of Gold on the globe.

In India, Jindal Bullion is a name among retail and wholesale traders of gold coins and bullions.

Having recently gone online, Jindal Bullion has opened its doors to the small and medium investor. who are now hovering around the Jindal Bullion website, making on the spot gold investment decisions and paying through their e wallet purse facilities. The companies two mode payment facility online ‘Deferred and Immediate’ makes the online investment business brisk and efficient.

Purchasers of gold and silver bars from world’s most trusted names, Jindal Bullion is gradually emerging as a force to reckon in the online world of gold investments. Offering investors internationally competitive prices, the Jindal Bullion investment challenge is gaining foothold in the Indian gold bullion and coin Investment online bazaar.

The precious metals at Jindal Bullion are being supplied by companies of repute like , PAMP, UBS, Credit Suisse, Rand Refinery, Perth & Mint; lending Jindal Bullion products a hew of hallmark quality.

Gold Bullion in India is traded as:

  • Assay gold of 995 & 999 purity.

The profits that traders earn through gold in India are:

  • The difference between the Bid and Ask Price.

In India, the price of gold varies from one state to another

Gold a ‘favoured’ online investment in India

  • Good returns & safe investment makes gold a favoured investment bid for Indians
  • An international financial drop down and a downward slide in the ‘Real Estate’ market is  another reason turning investor’s towards the yellow metal
  • The international drop down in interest rates in the US leads to investor interest in gold in our country

80% of the gold in the Indian market is used for domestic consumption in the making of gold ornaments and jewellery. Being the biggest exporters of gold jewellery to the world, India is a gold investor’s paradise.

Should One Invest in Gold Bullions?

Individuals have been creating a financial investment in gold for years now, but the sector has not been growing like the shares market that has been accepted by almost everyone. However, inflation has had an excellent impact on gold investment. Many individuals have turned towards profitable gold financial investments ,thereby, creating more money than they could possibly imagine. There are many factors why people spend money on gold. The plethoras of benefits that accompany gold investment are a procession to reckon with.

Why Should You Spend On Gold Bullions?

There are many factors why you should invest money on gold bars.

There are a variety of gold investment choices that you can choose from, creating a market accommodates a lot of individuals. You can buy gold bullion coins or bars among other choices; you can also add to this by creating a financial investment in gold shares belonging to gold exploration companies.

Another reason why you should buy gold is the decreasing value of money. The value of the money has been decreasing in the years gone by, and it is expected that the declining value pattern may continue in the years to come. This is not an excellent story for the stock market. Gold bars do not lose value, instead they appreciate with time and may sell at exorbitant prices after a period of time. You need to begin financial investment in gold, young. It ensures a secure your future.

Gold costs cannot be modified by the govt or other regulating systems, and thus the industry works without any interruption. This creates an excellent environment for traders who can buy gold bullion in the present day and offer them for sale later for a significant sum of money .

The gold investment industry is constant and has watchdogs like Better Business Bureau and Trust Link among others, to protect the interest of customers.

You can select from a variety of organizations.

There are a lot of internet sites where you could examine opinions on the various choices you may have. Not only does this make you conscious  of options but also gives you a feeling of reassurance.

Investing in gold is simple and the beginning simple as well. Furthermore, you do not need a lot of investment to start. You can spend a little amount and then enhance, as time passes.

The procedure of making an investment in gold bars includes choosing an excellent organization first.