How to Know You Are Buying Authentic Gold Bullion

Reports say counterfeit gold and silver is being disseminated all over the world. The number of people who get victimized by counterfeited bullion is rising. Many counterfeiters get away with it. Don’t be one of those people who will invest on fake gold bullion. Here are some tips that can help you check the authenticity of your gold bullion in Vancouver.

1. Do the magnet test.

Authentic Gold Bullion in Vancouver should never stick to the magnet. If it does, it means you are holding a fake one. The inside is mostly likely made from cheap metal.

2. Do the ping test.

Clunk your gold bullion lightly with another metal, making sure not to damage the bullion. It should a ping sound that reverberates for a few seconds. If you only hear a dull clunk, you are most likely holding a fake bullion.

3. Buy your bullion from reputable sources.

Never buy your bullion from shady sellers. There could be a lot of sellers offering great deals on bullions on shopping sites. Stick with legitimate sellers of bullions and other fine jewellery who have been in this business for a long time already.

Find out if they offer some kind of warranty on the bullion. It’s also a good idea if they offer an insurance on the bullions you are buying. This way, you can be assured that you are really purchasing the authentic kind.

If you are buying from reliable sources such as J&M Coin & Jewellery LTD, you shouldn’t have worries that your gold bullion is not authentic.

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