How To Spot Fake Gold

Gold is known as a safe haven investment. This means it retains its value even in times of market uncertainty. A lot of investors, including myself, buy gold as a way of reducing the risk in our investment portfolios.

But gold has its own risk. Can you trust that your local bullion dealer is selling you real gold and not fake?

Spotting counterfeit gold is easy if you know how. After you watch this video, you’ll know what signs to look out for.

SIGNS TO LOOK OUT FOR

There are nine signs to look out for that separate real gold from fake:

Markings
Edge finishes
Relief
Weight
“Ping”
Magnetism
Conductivity
Acid Test
Ultrasound

Let’s explain just a few of them. One ounce gold coins will always have unique markings. If you know the design of a genuine gold coin, and you see something different, it’s a red flag.

Also, when you strike gold, it makes a unique “ping” sound. Only gold makes that sound.

There are standards for weight and diameter that all genuine gold coins comply with. These can be easily measured with the right instrument.

RECOMMENDED RESOURCE: THE FISCH

The Fisch is a simple plastic device that checks the weight, diameter, shape and thickness of gold coins. Major banks, bullion dealers and investors in over 60 countries around the world have used the Fisch since 1980 to detect counterfeits.

To check the diameter of the coin, you simply place the coin into the slots in the Fisch. If it’s too small or too big, you’ll immediately know it’s a counterfeit.

To check the weight, you place the Fisch on a table and lay the coin on top. There is a fulcrum that will tip over if the coin is a counterfeit. For example, if the coin is actually silver coated in a veneer of gold, it would be lighter. The fulcrum would immediately tip over.

I have a Fisch myself. It’s a fast and cheap way to get peace of mind when investing in gold.

The MOBE Platinum Mastermind is where the most experienced mentors in investing and asset protection share their investment methods with fellow members. To learn more about the Platinum Mastermind, click HERE.

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