While iron is magnetic not all counterfeit materials these fraudsters use are.
What do real gold bars look like.
A gold bar also called gold bullion or a gold ingot is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture labeling and record keeping.
If the gold is real then it should show a golden yellow color.
One of the easiest methods of testing gold purity is the skin discoloration test.
Better magnets like these are commonly available in a good hardware store.
It can also be crystalline mixed with quartz fine flakes and dust.
Larger gold bars that are produced by pouring the molten metal into molds are called ingots.
Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.
I am using a light source to show the difference between gold which shines and pyrite which sparkles.
Vacuum casting of pure gold.
Real gold won t stain or discolor your skin.
Gold ore can look like quartz with streaks or spotty areas of gold.
Gold is so heavy that the suspension of an average truck would break if it held anymore than pictured above.
They will try to employ metals that are not magnetic like gold when they produce their fakes.
A disadvantage of this method of gold casting is the difficulty of distinguishing between real and fake gold.
If you see a black streak instead then you have pyrite or fake gold.
Here s what one tonne of gold looks like.
At 2 000 per oz it s worth 64 3 million.
Products of both fake and real gold from traditional casting look very much alike.
Most pieces of real gold including coins bars and jewelry should have a stamp that shows the purity of the gold.
If the metal is attracted to the magnet then you do not a real gold bar.
The standard gold bar held as gold reserves by central banks and traded among bullion dealers is the.
It therefore becomes easy to hide counterfeits and dupe unsuspecting buyers.
The gold bar is extremely heavy weighing more than three full milk jugs.
If you look at this picture you will see a gold ring next a couple of different kinds of gold naturally occurring in their rock.
You may need a magnifying glass to see this but you should be looking for a mark that displays either the fineness of the product such as 999 or the amount of karats that it contains such as 24k.