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

This is The Right Time To Invest in Silver Bullion/Bars

Decreasing silver supply is the best reason for investor owns it. There is not much of this white metal left for the retail buyer, and to find it is getting even more difficult. The industrial consumer is bound to feel the paucity of silver soon. Investors are running behind time already, when it comes to silver investments.

Short Source of Silver

This is best prior to the industrial revolution the production of silver was higher than its consumption, however after it, notions have changed; the investors have been alerted about it, and the price salvo fired.

Silver today is rare as compared to Gold, a fact still being overlooked by investors due to the fascination that gold enjoys… Attraction apart, buy silver bars is also an industrial commodity, which silver is, thus making it a much needed metal; therefore, investors need to alert themselves to this diminishing metal.

silver posting banner17f

If one was to presume that investor alert is inversely proportional to product price, it is easy to understand why gold remains the preferred investment. It trades 50 times higher than silver and traders somewhere still believe it to be the rarer one.

However, reality is that gold is 200 times in quantity than silver, today.

The Economic Impression

Economy does not affect silver supply. When economies are strong silver production is pushed due to increasing industrial needs and depleting inventories; this in turn leads to annual deficits and raised price. In times of weak economies, base metal production slows down, resulting in lower silver production the world over.

Mining is a costly endeavor; however, 65% of silver production is dependent on other metal production .Therefore, production of silver cannot be increased without disintegration of other mining activities; in other words, overproduction of copper, lead and zinc.

In Coming Times

The world’s silver inventory has been depleting since the past 60 years and the world has collectively, only recently, begun to see silver as a good investment.With rising premium and dwindling retail supply, investors still have time on their side. They have to remember that the best form of silver they can own is physical and that which is in their personal possession.