Gold is one of the most valuable metals in the world. Due to its valuable nature, the metal has attracted many unscrupulous traders who tend to sell fake gold items. The good news is that there are a number of things that you can do to ensure that you are able to differentiate real and fake gold. One of the best ways of telling the difference is by testing. Here are some best tests that you can do.
Why Bullion is a Great Investment
Gold and silver bullion bars, ingots, and coins are highly sought after and tradable investment assets that receive their value based on its metal content, which is dependent on the current price of the metal, on the world market. Bullion is given a value based on its weight and purity of the metal it contains, while numismatic pieces or jewelry can also carry some artistic value. The price you will pay for your bullion is going to be different than the world market price because there will be a 3% to 8% added premium that comes with both buying and selling the bullion.
Investing in gold and silver has become popular in recent years. With nervousness about the current economic state of the world, many investors are securing their wealth with gold and silver. While this is a proven strategy for fighting inflation and securing your savings, the fact that even the most savvy investor might not be familiar with investing in precious metals leaves the door open for shifty salesmen.
There are more than a few investors these days who are choosing to invest in gold and precious metals. The current economic state of affairs in the world and fears of another economic collapse or dip has cause investors to look for a way to secure their savings. Gold, being a tangible asset that can secure your investment dollars, has always been a preferred method of securing wealth.