Fake Gold: A Current Reality

Since the early days of economy, gold has been considered a very good investment

. People buy it because it is rather safe against any possible economical or currency crises. If you want to invest in gold bullion, you should remember that nowadays, because of the recession, there is a lot of fake gold on the market, and therefore you should tread carefully. Here are a few tips to help you avoid being defrauded.

When looking for dealers, you should only consider the ones you already know or those that you are certain are good professionals. If you are making the purchase online, as inadvisable as that may be, check for past customer feedback; you might find some useful information about the seller and his methods.

It is very important that you have an expert certifier verify the gold that you are planning on buying. Fake gold can look real enough to you, but specialists have the necessary equipment and are trained to spot any irregularities; they can even point you in the direction of other dealers, should that be the case.

In case you don't want to work with a specialist, you could also try and test the gold yourself, using gold testing kits that you are available both online and in stores or more traditional methods (like the scratch test or the magnet test). If you decide to do so, remember that these methods are not foolproof and have deceived many buyers before you.

One of the most important things that you should keep in mind is that gold is expensive and therefore if the price seems too good to be true, it's probably a scam. Make sure you check out the precious metals market and the price guides that are available before you make any kind of purchase; this will make you less prone to being tricked.

Finally, if you find that the gold you bought is fake, the best thing you can do is contact the police and give them the details of the transaction. They can help you get your money back and make sure this doesn't happen to other buyers, too. Never try to resell the gold or keep it, because should you ever be caught with fake gold, you are very likely to be held responsible until you can prove your innocence.

by: Jack Wogan.

POST COMMENT

Is It Better To Invest In Gold Or Silver In This Economy? Blue Topaz Jewelry White Golden Retriever Is It Possible To Find Pure Bred White Retrievers? How to decide on the value of the loose gemstones? Isaybid Unbelievable Jewelry For Pennies On The Dollar! Fashion Jewelry Necklaces Wholesale Jewelry Findings From Pandahall Jewelry Wholesaler To Look Forwholesale Lots What is scrap gold? Avon Rental Fulfilling Old Is Gold Theory In The Industry Get Money For Gold: Assured Optimum Financial Relief Jewelry Enhances A Persons Looks. Linon Jewelry Armoire The Real Care That Your Jewels Deserve!