How gold gives you time
If time is money, and money is time, then inflation is stealing and gold prevents the crime.
The interesting thing about gold is that this metal has been used for thousands of years to create popular items such as jewellery, ornamental objects and for trade with the likes of coins or bullion.
Gold’s value comes from its many physical and chemical characteristics, but how do you know if it is real?
What makes this a common question is that because gold has been such a desirable and valuable asset it has been broken down into different purities to make it more affordable. Gold is commonly replicated by other metals, this usually means that it is “plated” gold, it has the appearance of gold, but it is not the real thing. Gold is also known to be very susceptible to counterfeiting. These points all together show that it can be hard to know what is real or what is pure.
If we want to know if what looks like gold on the surface is real gold, then we need to understand purity. In the precious metals industry this is called Millesimal Fineness; something that is more commonly heard in the jewellery industry as “Karats”. This is the way that the purity of gold is measured. The purity of gold changes as other metals are added to it during the melt down process which makes the gold become less fine.
Gold Fineness Chart:
Usually gold products have a hallmark stamp with any of these codes or numbers; this is to help verify if it is real and what purity of the gold is.
If your items do not clearly state this there are 5 alternative steps you can take to find out whether it is real or not.
Having a good understanding of purity and correct measurements along with visually sighting the item for hallmarking can help you identify gold as real or fake when at home without metal testing equipment. However, the most accurate testing to determine you have real or fake gold would be to take it to a certified precious metals consultant.
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