Gold is one of the most stable and valuable assets since time immemorial. Even today, it is still a safe haven that investors pile into during rough times. If you have gold at home, know that it will one day save you from financial distress. Many people keep these metals only to be surprised when they decide to sell them. The number of gold dealers keeps rising by the day. The vast number creates an opportunity for scammers as well. It means that you must tread carefully to avoid losing your precious metal which can be exchanged in a twinkle of an eye. The good news is that you can avoid getting ripped off by using a household item – lighter. Here are the ways through which you can check if the gold you have is real using a lighter.
First off, it is ideal to understand what real gold actually is. Newbies in the industry don’t know what defines fake or real gold and this is where scammers come in to take advantage. Everywhere around the globe, fake gold is defined as any item with less that 10 karats (41.7% gold content). For a clear breakdown on how this translates to value, click here. The Gold Price per Gram calculator will tell you how much the market will offer for your gold depending on the purity. Gold’s value rapidly begins to decline if its content goes below 10 karats. Note that there are common fake gold tricks that sellers will use to lie to you that this product is worth more that it is. Although it is not always a scam, some jewelers have a habit of passing off washed pieces as the real deal.
Furthermore, be careful about gold plating which is another common trick dealers use. It is one of the oldest tricks and it is surprising that many people are yet to know about it. Yet again, you should be careful not to fall victim to pyrite application. It is actually known as fool’s gold worldwide. Remember that cheap, fake gold leaves some discoloration when pyrite is exposed to the atmosphere.
Since it is crucial to know whether what you have is real gold, there is a lot of money in gold testing industry. Gold testing at home is easy and quick because you need a lot of chemical knowledge or chemistry labs as you would here! All you need is a lighter. First, ensure that you choose your weapon carefully because not any other old lighter will do. A butane lighter with actual lighter fluid is ideal and it should produce tall flame.
You will need a nail to hang the gold on the wall. Direct the flame on the metal and check the color change. It should turn lighter in colour after heating for at least 60 seconds if the gold is real. Find time to read more now about pure gold.