How To Buy Gold Coins – Tips to Avoid Fake Ones

Buying gold coins can be a great venture as a financial insurance. Of course, it helps a lot to have gold coins when the value of the currency is down, or when you are experiencing troubles with your finances. It is actually like having a financial insurance.

However, you have to learn how to buy gold coins if you want to invest in gold. You have to remember that gold is one of those greatly desired by many, thus a lot of unscrupulous individuals are taking advantage of it too. However, if you want to venture into the gold buying business, you have to be wise enough to penetrate the market and make sure you know how to identify and determine what gold really is.

Like buying anything on the store where you meticulously check the item for any defects, it pays to check the gold coins for possible fake ones as well. There are indeed a lot of fake gold in the market now, and these fraudsters are all over waiting for someone to fall for their trap.

Firstly, you can try a little visual check whether the gold coin is possibly fake. Real ones usually have a dull shine. Also take note that when gold is mixed with other metals, it may give a reddish tint on the coin. That can be a hint in trying to check the coins visually.

Another Silagra thing that you can simply do is to check its weight. Pure gold coin is heavy and having a lighter one Brand Cialis might give you a hint that it can buying generic cialis possibly be fake. Of course, if the coin weighs lighter and the color is reddish, that might turn out to be the clues of a counterfeit one.

Another thing that you can do to test it is to drop the coin and find a ‘ring’ in its sound. Gold has a distinctive ‘ring’ when dropped, so that might be your next clue to find out if it is fake or not. The scratch test can also be your weapon against counterfeit. The coin is usually scratched to find out if it is just gold plated but is actually a mixture of other metals inside.

Traces of the coin that was being scratched off can also be tested with certain chemicals to make sure they are indeed gold.

Learning how to buy gold coins is quite difficult indeed. Sometimes you have to go beyond the usual visual inspection and density tests. These days, individuals who make fake gold coins have also improved their craft and that, as an investor, you have to be always on the watch.

Of course, when buying gold, it is always your responsibility as a buyer to know what you are being offered. As a buyer, you have to be aware and vigilant especially in the gold industry where everybody is scrambling to get a share of that some would resort to making fake ones. So be wise in your choosing.

Author Bio: Carolyn Anderson is a freelance author, book reviewer and an avid reader. To learn more about buying gold, check out How To Buy Gold Low. Also check out Miners Guide To Black Sands, an extensive guide to make money with black sands.

Category: Finance/Investing
Keywords: how to buy gold coins,guide to buying gold,how to buy gold coins

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