You can measure the height and width of a gold bar with the use of a caliper, a professional tool that can be purchased online for $25 USD. Its the price of gold, not the type of gold that keeps investors at bay. or less). To combat these more sophisticated fakes, PAMP Suisse has developed a new technology called VeriScan. Silver and gold are not magnetic, but a lot of other metals are. Pay special attention to any slight inconsistencies across the entire bar that are at odds with the producer’s style.Weight is a Huge IndicatorA common counterfeit maneuver is to fill a gold bar with tungsten or some less valuable metal. I believe it is because the OPM's are relative new to the market, plus all the recent reports of fake bars have scared the ever-loving sh!t out of small investors.,, First the introductory 10 over and now the 20. Just wanted to share. This procedure takes advantage of gold high melting point (1,064 celsius) to test its purity.Vibrations?There is increasing evidence that the vibrational force of gold can help determine the level of purity. 1 oz Pan American Silver Bar You can put a magnetic to the bar and if it sticks then your gold is in fact an alloy. I, generally speaking, agree with your sentiments. First of all, if you are buying from a reputable gold bullion supplier, you have little to worry about. You must log in or register to reply here. Turned out to be fake. Your recently viewed items and featured recommendations, Select the department you want to search in, Hobby Remote & App Controlled Vehicles & Parts, Price and other details may vary based on size and color, SABLUE Replica Gold Bar Fake Golden Brick Bullion Movie Prop Novelty Gift Joke (S), NATIONAL GEOGRAPHIC Fool’s Gold Dig Kit – 12 Gold bar Dig Bricks with 2-3 Pyrite Specimens Inside, Party Activity with 12 Excavation Tool Sets, Great Stem Toy for Boys & Girls Or Party Favors, SummitLink Realistic Replica Gold Bar Brick Prop Novelty Gift Joke Doorstop (Solid), Fake Gold Bar Bullion Door Stop/Paperweight for Home Office Decoration, 1986 S 1986 Statute of Liberty Ellis Island Silver Commemorative Dollar $1 Proof US Mint, Gold Bar Bullion Replica Metal case with Golden Cover - for Party favores Small Jewelry and Glasses. If you are looking to silver as an appreciation asset, you'll get max profit from low premiums in and out. OPM are an LBMA approved refiner for 'good delivery' silver and gold bars. As noted, just recently the Royal Canadian Mint came under suspicion for a fake 1 oz gold wafer. Where is the price of gold going? Do people just prefer smaller coins? To perform this test, a mixture of gold, soda ash, borax, litharge, flour, and silica must be made. All O.P.M.S. “Thinking is the hardest work there is, which is the probable reason why so few engage in it.”, Sarcasm so advanced people think I'm mentally retarded. Set a man on fire, and he'll be warm for the rest of his life. OPM is doing a nice job on their 1 oz bars. FREE … In order to make sure you are not getting duped by the market, it’s imperative that you confirm the authenticity of the gold bar you just purchased. If it’s a thud, the bar is likely filled with any range of metals other than gold.Is it Magnetic?One of the easiest ways how to test if a Gold Bar is real is with a rare-earth magnet.

However, in doing so they shift the weight just enough to be noticeable. I think they would sell better if they adopted the counterfeiting countermeasures recently adopted by Sunshine Minting. We’ve all heard stock market sob stories... A friend of a friend tried investing $1000 in a penny stock because they thought it would make them millions. The great thing is: it’s easier than before to learn how to test if a gold bar is real. Put simply: the geometrical properties of pure gold will have a specific vibration reaction, and any change to the internal structure of the metal will be revealed in a different vibrational pattern. According to Stu Mills at the CBC, a fake gold bar was purchased not so long ago from the Royal Bank of Canada. Build a man a fire, and he'll be warm for a day. I would never buy any ChiCom PM's due to the fact that everyone knows of the chinese penchant for faking/counterfeiting. There's a problem loading this menu right now. Exactly this. “Selfishness and greed, individual or national, cause most of our troubles.”. FUTUREPLUSX Gold Bar Door Stop, Fake Gold Bar Paperweight Gold Bullion Door Stopper Glittering Gold Brick Decorations. I usually stick with krugs because it's a low premium relative to other popular types and very easy to sell anywhere.

So it does happen! It is not worth it for them to tarnish (no pun intended) their reputation by producing underweight 1oz bars … That way you decrease the likelihood of tungsten filled bars, the most common method crooks today use. They are as exact as can be. These endeavours include thorough testing upon bulk purchases, and a close relationship with the same manufacturers over the years. I was getting NTR 1 oz gold until the new low cost leader came around, OPM. What about silver. Isn't the concern more that when you go to sell it the next guy may be reluctant to buy a piece from you that is easier to counterfeit? There are currently many fake gold and silver bars and coins being sold out of China.

-Terry Pratchett.