Fake vs Real PERTH MINT Gold Bars - How To Spot The Difference!

[@MrThe1234guy]

If they were smart they would have realized that no one would let them leave a 10% deposit and take off with real gold 🤣

[@BullionNow]

You do have to wonder

[@gabrielraphaelofficial]

title should read FAKE OR REAL KZbin video

[@dougiequick1]

I was OFCOURSE assuming the seller was WITH the buyer in the store ...probably innocent and himself/herself a victim...yeah because noone but a friend or something is going to let you take gold with a 10% deposit ....duhhhh

[@chrismalcomson7640]

10% deposit on an ounce and a half would be around $300/400. I think they already made their profit. Good luck getting that back!! You ain't so smart after all..

[@mael8328]

@@chrismalcomson7640 online sale u can always ask it back via the website or your bank

[@dondan2973]

Easy to tell the difference: the original packaging is much more sh*tty than the fake one!!! 😂

[@_robert_the_bruce]

And the kangeroos on the back is good, but not as good as the real ones!

[@kito1san]

@@_robert_the_bruce Nah, the back is what sets it apart. Like they OP of the video said, it's hard to remake those kangeroos. He is right, you can tell the difference of a real and fake one by just that. Also the other tell tale sign, is if you have a bigger piece of gold with the same weight, yes, the bigger piece is fake, since they have to mix in more metals to compensate the weight. Real gold has a huge mass and thin. That by there, you can't fake it. Also, the last part, that is if you buy perth mint gold, the finish matte is also an indication, as gold plated can't achieve that. So 3 pointers. I would say in general, the thickness of the bar with the same weight is the most general point to spot fake or real gold.

[@99.99]

😁

[@migooknamja]

6:40 Fake bar says "assayer and certified" which is a typo. Real bar says "assayed and certified"

[@DeanDangerousTDD7]

speaking of the packaging, have you seen the US Mints new packaging? ( straight garbage )

[@davidsirmons]

"...he only put down a 10 percent deposit" No. Who on earth would hand over a gold bar to a person who only put down a 10 percent deposit? YOU WERE TALKING TO THE COUNTERFEITER.

[@Athyxion]

Definitely

[@nathanchau2317]

IT COULD HAVE BEEN THEY WANT TO EAR YOUR TRUST AND DIG MORE $$$ OUT FROM YOU SINCE THEY DON'T HAVE ANYTHING TO LOSE EXCEPT LITTLE PROFIT IF YOU DON'T TRUST THEM.

[@hisnameyahuah]

Theory: They've learnt how to manipulate the machine, they make their own higher quality counterfeits and in this video, are pointing out flaws in their rival's counterfeiting abilities, to give more credibility to the fakes they create themselves. Too many commenters are too suspicious about too many things going on with these two and their video.

[@amitava1973]

Exactly. Also if anyone wants to sell the gold bar, they can simply go to a dealer

[@Mell0wY3ll0w]

nah , the person definitely paid full price and got swindled. And brought them in to get evaluated.

[@TS1r731]

The guy makes a good point. This video is great if you have something to compare a questionable bar against, if you don’t I can definitely see how even an experienced gold collector or buyer can be fooled

[@pomme4moi]

Agree. Are bullion bars easier to fake the bullion coins (eg. Maple Lead)?

[@davidg8879]

Hi can you guys tell me if a water density test is accurate and can be trusted for testing silver and gold?

[@BullionNow]

As 66rounds says - not on it's own. Best thing is to bring it in to someone like us if in doubt and DONT pay for it until you confirm it properly.

[@davidg8879]

@66rounds ok cheers mate

[@davidg8879]

@@BullionNow Thanks guys

[@BullionNow]

@@davidg8879 No worries

[@thedadhaslanded494]

Couldn't you compare air vs displacement weight. While ideally you wold buy from the mint, there may be particular historical coins or bars that you might find privately.

[@dr.sunildaniel7188]

Excellent friends ! Great job for this service , Thank you very much.

[@oregonstacker2878]

Its so true you really need to have a great relationship with a local coin shop/ bullion dealer and get these metals tested bought online. very educational video!

[@BullionNow]

Thanks Brent!

[@knoname7778]

The mat-finish is the dead giveaway. Is that with all bullion or specifically perth mint bars?

[@AY-qf4pg]

Does using the xrf machine insert radiation into the metal and leave it with radioactivity?

[@anthonymongellijr.7900]

Hi, I purchased a 20g Perth bar that I am trying to authenticate. Is there any way to get pics to you guys for your opinion? Thank you!

[@Samantha-ot9bq]

Throw up a little video of it.. they reply with the links we can all try too help 😁

[@shanoinoz]

Very interesting at first. We had to be very good with numbers with calculating what weights go out to certain departments and what comes back into the vault. Eg: 3 x ingots go out into production (rolling & blanking) but that will return to the vault at the end of that shift as several different items... unstruck blanks, coins (of all different sizes), offcuts from blanking punch etc. It all had to add up by the end of the shift regardless of what forms it came back into the vault as....down to thousands of an ounce. Quite overwhelming when you have 10's of thousands of ounces to keep track of.

[@Joesworldttv]

So basically an XRF machine is the only safest way in protecting yourself from fraud.

[@Dave.S.TT600]

@@manatutormtg but it has no intrinsic value and speculators are propping up the price.

[@CatsMeowPaw]

@@manatutormtg Bitcoin's price is supported by counterfeited Tethers. When Tether goes boom, so does bitcoin.

[@candicem9344]

@@manatutormtg bitcoin is dollar and dollar on the way out bitcoin will follow

[@Kevs442]

Or buying from a reputable dealer who offers a guarantee.

[@Heikki_Finland]

One could still try to counterfeit part of the gold bar by putting real solid gold to the center that is likely to be x-rayed but make all the edges from cheap metal. Is it worth the hassle, i hope not.

[@jeddigs]

Do the fake ones still weigh the correct amount? And if they do, would they not be larger than the real gold bar?

[@AlexSwan]

Do all certi cards have dotted serial numbers or is there an older version where the serial number isn't dotted?

[@travv88]

You'll want to contact the company that made the gold. Also find a dealer who has the xray scanner thing and get it tested.

[@nolver53]

I buy my gold from JM Bullion. Love the Perth Mint!!

[@nataliereyes7872]

Just bought some myself!

[@mikeprandota3120]

Natalie Reyes did you actually get physical gold? Or just a piece of paper saying u own one?

[@nataliereyes7872]

You will get the gold, physically! Very beautiful!

[@swisshustler]

Really cool. I prefer the gold coins though. For multiple reasons.

[@Jbarz2010]

Just bought 12.5 grams from them! Excited to get them!

[@gblargg]

Doesn't an XRF only check the surface? So drilled tungsten-filled bars wouldn't be detected?

[@snowyowl6892]

That’s what I was told as well. -

[@4080139]

Great video! What is the penetration depth of the XRF?

[@michelleta7973]

Hi, thank you for your info. Please help me... I would like to buy the "telling" machine, which tells metal % in the combination materials. 1/ what is the name of that machine? 2/ where to buy it ? 3/ approaximate price?

[@dexterkuaji350]

Very bad camera work. Its so hard to focus on the bar, the camera is always moving, not able to focus on the bars and the light reflection makes it worse, but good job in explanation!

[@mercedesCH]

THIS!

[@DJ.LakeSea]

This may be a dumb comment, but, considering that gold is a lot heavier than tin, copper, silver and nickel, couldn't it be possible to just weigh it and search online what the dimensions should be in relation to weight?

[@Sutterjack]

How can you tell if a bar doesn't have a tungsten core? Xray?

[@michelar2]

Without any apparatus, the best is to compare the sound with a real coin/bar because the stiffness is surely very different. The inconvenient is you need to unpack and to own a true bar.

[@silverinternational101]

Great advice, much thanks for spreading awareness ! Best indeed to stick with my trusted local bullion dealers. Thanks again for the tips of recognizing fake Perth mint gold bars.

[@BullionNow]

You are more than welcome

[@adventurelover6955]

@@BullionNow is that device expensive? There is a cheaper way or device that states the real gold percentage in the item?

[@juchetony1910]

@@BullionNow you're doing great work, chaps, but I reckon the number, quality and risk of fakes is wrecking your business. Who would invest and lose sleep over this?

[@mohdmohd6719]

@@juchetony1910 ...

[@TheOnlyNemoron]

I think the "quality" is even more impressive when you consider the price of around 2.50€. How do they produce them that cheap?

[@Ocewot]

whats even more amazing is how they find people to work within that price range. i think the answer is no workers rights so these people producing these fakes are probably getting paid pennies a day...

[@squigglove]

Question: Does it not matter where the decimal point/comma is in the 9's or does it only matter how many 9's there are? Because I can't find info on .9999 vs 999.9 ! Thanks!!

[@stefan6888]

It's quite amazing that the packaging of the real one actually looks to be the fake one, and the fake one looks nice and neat.

[@Antonocon]

There is a moral in that for life Stefan. Especially in this day and age.

[@jamess9623]

Because the Mint is not selling the packaging just the product inside it, but the fraudster is all about the packaging because that's all that he has to sell.

[@Exialyser]

i had few with good packaging.. now how do i know its fake or not?

[@stefan6888]

@@Exialyser By checking them. Take your gold to a reputable jewelry shop and they will tell you immediately.

[@juchetony1910]

sounds a bit like the West vs Russia....

[@benyoungtaiwan2155]

Would you please show the fake coins and the real coins between 2020 & 2021 Australia wedge tailed eagle silver bullions? Cause I know there are a lot of fake coins of Australia wedge tailed eagle now, without micro laser engraved.

[@frequentfiler]

This is why I buy the Canadian Maple silver or gold. They are micro-etched as an anti counterfeit measure. Plus I buy from my local coin dealer whom I used for literally decades to buy and sell. I know their stuff is legit

[@msbrownbeast]

Bif premium when you buy gold in the form of coins such as Maple Leaf or Double Eagle. When it comes time to sell, it;s worth no more than the gold content.

[@ffc1a28c7]

You can do some pretty neat things with microetching. Depending on the scale of it, you can get structural colour from it (ie. any surface can be made to look rainbow-like).

[@TEAM300]

This may sound like a dumb question but can you use XRF machine with other precious metals like silver gold platinum palladium ect

[@BullionNow]

You absolutely can, (and we do!)

[@tmeo9712]

There are fewer actual ways to verifying gold and more producers than ever before. The REAL ones look like crap with loose packaging and frankly I would have thought THOSE were the fakes.

[@becomematrix]

True. But the wrapper made it look dodgy.

[@alphagt62]

I don’t trust any gold that is sealed up, I want to touch my gold. Just my personal preference.

[@Apollo1011]

Where can I verify the serial number online? Perth Mint website doesn't seem to have it.

[@BTC_DNA]

Thank you for the quality information. Note to the camera man: I recommend setting up the lighting or camera angle so that you don't catch so much reflection from the ceiling lights. Thanks!

[@John-un3lj]

How does that machine work? Does it measure the denisty of the metal?

[@TheCuttz1984]

And this is why I just buy from you guys. Not that I won't buy gold locally but definitely not until I get a metal verify machine Thanks for all the work you put in. I'm happy to support you guys.

[@BullionNow]

Thanks. We appreciate it.

[@snowyowl6892]

WHAT IS THE MODEL NUMBER OF THE SUPERIOR XRF. and. IS THE MODEL NUMBER VISIBLE ON THE XRF machine?

[@laszlokatona573]

I had a Roman gold coin tested 21kt gold in California by three different jewellery and in Perth the coin shop tested it copper. Why , because he planned to buy it cheap ...

[@nsptyty9617]

How much does that XRF machine cost and does it require Win10 PC? or does it come with its own LCD screen as well?

[@BullionNow]

Comes with own screen. Cost $27,000 AUD.

[@variableknife4702]

Literally the next clicked vid after this about the Perth Mint has left-justified text that seems to match the fake small bar pkg pretty well..

[@billiejeanthejellybean2536]

I know I think they got that wrong

[@الهجرةلاستراليا-الحلمالاسترالي]

I'm going to Perth Mint tomorrow to purchase gold bars. I saw a few bars on eBay but I did not feel comfortable to buy from an eBay seller despite its my first time considering buying gold at all. Now after watching this video I'm 100% confident my instinct was real.

[@Jooligan1]

Thanks for this. There's no way anyone could know if it was fake UNLESS you have access to the originals or XRF like these guys have. I bet there's thousands of fakes out there !!!

[@ShamimAhmed-ke7kx]

Hi, Would you be able to tell from pictures if a perth mint gild bar is fake or not. I can send pictures of the front and back of the package. Thank you for your time.

[@willduggan6170]

The XRF machine is a game changer!

[@benjamina6660]

Im about to buy a perth mint gold bar from a secondhand store, but where can i verify the bar number ?

[@jaguarlover8199]

I live in Perth......just buy direct! They have been busy lately too......👍😊🇳🇿

[@candicem9344]

I don't live in perth

[@CalifornianOnEEurope]

Royal Canadian Mint was s=SELLING fake bars inadvertently ALLEGEDLY....THERE WAS A HUGE SCANDAL ALREADY...BUY COINS ONLY FROM REPUTABLE DEALERS

[@Nitrousous]

I can attest. A week late for my delivery, though they have explained themselves well.

[@Nitrousous]

@G E T R E K T 905 G'day mate!

[@greeneking77]

So do you come across fake 10g bars or would those be a safe bet due to the smaller size?

[@KingTrump2024]

My fake was 30% larger and heavier. It also had a partial fingerprint on the side of the bar , and the gold plating didn't stick to it. You could see the copper base metal.

[@KingTrump2024]

@@ParissaKhoury FBI can't do shit all in my country, and the RCMP are just farmers with badges

[@Blueskies_23]

would the fakes ones be magnetic? is that a solid way to tell?

[@scooperwwg1]

hold still can't see anything with the camera constantly moving.

[@BullionNow]

Sorry about that

[@anthonycolbourne4206]

Amazing machine! I would like to see what the mineral/metal content is of a raw gold nugget.

[@Mike.L.]

Don't take this as absolute fact, but I read some years ago that most raw gold is roughly 90% pure. The gold that comes from Dahlonega, Georgia however is nearly bullion grade!

[@streetcopper1151]

Thanks so much guys for your videos..I love you Australians I’ve learned more in the past year from you guys in Australia.. makes me want to move there .. have a great day guys and thank you

[@Nitrousous]

Don't move here yet. It's worse than Seattle.

[@streetcopper1151]

@@Nitrousous I lived in Seattle for almost a year ..

[@Nitrousous]

@@streetcopper1151 How did you fare?

[@streetcopper1151]

@@Nitrousous I loved it the rain was more like a mist .. where I’m from we get more rain in one rain fall then Seattle get all year .. but when it’s sunny in Seattle it absolutely beautiful

[@Nitrousous]

@@streetcopper1151 Awesome. The only thing I know about Seattle is from the show Frasier, which I absolutely loved. Niles was the best.

[@paulc2548]

I wonder how much is that XRF gold analyzer machine cost... is there such a device for average Joe to use at home?

[@DirtTrooper]

Once 1937 and 1938 crowns started showing up on eBay from 1 and half pages to 10 pages around 9 years ago I stopped buying anything from eBay that involved precious metals.

[@robertoh.20]

there are bullion dealers with ebay shops....... they should be ok

[@watchchat]

I wish I had a local bullion dealer like you guys 👏🏼

[@BullionNow]

Learn how to tell FAKE Perth Mint gold bars from REAL ones! With the production quality of fake gold bars getting better and better as time goes by, you really need this valuable information. *ANOTHER WAY to spot FAKE vs REAL Perth Mint gold bars:* kzbin.info/www/bejne/r5Skao2Io9yMqas Buy the REAL stuff at www.bullionnow.com.au ****PRICES ARE IN AUSTRALIAN DOLLARS****

[@Native_love]

Thank you guys! I'm getting into gold and I will now only deal with known dealers because of this video. Thank you guys! God bless!!!

[@exclusivebullyplug2467]

U can instantly tell the fakes by the glare I watch 2mins and was like they ain't shining right in that lighting

[@mattbrubach]

Those counterfeit gold Perth Mint bars are coming from China. There is a shopping app that you can install on your phone from Google Play Store called WISH, that sells products from China at extremely cheap prices. If you do a quick search for gold or silver coins and bars, it will bring up a ton of counterfeit bullion. This includes gold bars from Credit Suisse, Perth Mint, PAMP, and others. Your expertise told you right off the bat that they were fake, but most people wouldn't be able to tell they were fake. At first, the counterfeits were magnetic and easily distinguishable. But the Chinese fixed that issue. There was even one vendor that was selling PAMP bars in exact packaging, that included a serial number that would come back as valid from PAMP's online website! They also offer a wide variety of counterfeit historical coins, as well as counterfeit paper currency being sold as "Props Movie Money". A person here in the US, in Wisconsin, just got busted with $300,000 of counterfeit money that they got from WISH. What's really upsetting is the fact that the Chinese vendors on Wish are basically GIVING THE STUFF AWAY FOR FREE, just pay shipping from China. They have been doing this for the past couple of years now. I haven't checked in the last few months, though. Why would they go to the trouble of counterfeiting gold and silver bullion, as well as, coins and paper currency from The US, European Union, Canada and Australia over the past few years, then give it away for almost nothing? If not an attempt to destabilize our economies a little bit, to definitely cause people to lose faith in an area that has been traditionally viewed as a safe investment - especially during times of crisis. All you have to do to verify this is go to Google Play Store and install the free WISH shopping app, then do a search. I'm glad you had the knowledge to spot the fakes, because it has the potential to be financially devastating for those that can't.

[@wkb9683]

Good video mate.

[@mattbrubach]

@som Slovaak That's the truth. Great user name by the way! My great grandparents were Slovak. Take care.

[@F.Krueger-cs4vk]

There's a machine used by dealers in the US that analyze mineral content within seconds. Do you have this type of device?

[@BullionNow]

Yes, it's called an XRF and we have one: kzbin.info/www/bejne/oXmuYYt9adObr8U

[@DeanDangerousTDD7]

Thanks for the upload, great content. I would like to see someone who can afford it, start a channel that periodically drills into a new released coin from various different mints from around the world for precious metals testing. *Keeping them honest* I could never afford to do this myself but if someone could make sense out of the initial idea, I would really be interested in this type of content.

[@anthonycolbourne4206]

The x-rays of this machine pentetrate the metal, not just measure the surface

[@winterwoodcottage3425]

Hello does the x-ray work on the gold coated tungsten bars ?

[@BullionNow]

Yes - but it sometimes indicates further investigation required

[@devotionswithsteve8582]

Wow! Thanks..... Perhaps you saved some of us some large sums of money!

[@satee4821]

Will the xrf machine be able to penetrate a 1000 oz silver bar?

[@haych27]

the lighting and colour of the real bars shimmer when you move the camera towards it and away from it, whereas the colour and lighting on the fake doesn't change.

[@REVY01]

Is it legal to buy gold or silver coins or Bullion without ID to protect yourself from prying eyes like big companies or government?

[@dianeconti7602]

I buy my gold from the Istanbul foundry through a local dealer.

[@the_real_economics]

If you did measurement of dimensions of the fake ones in order to find out whether it has the weight it has to suppose to have, do they have the proper weight? Did you try to cut them in half? What are these fake ones actually made of? Thanks.

[@robertoh.20]

They didn't need to cut it because even the size difference (dimensions) was way off from the real ones.

[@ull893]

Wow. That X Ray machine. Kickass equipment 🤑😊❤️. Thank you

[@Neoquaker1]

I bought my Perth Mint gold bar from APMEX. It's a small 1 gram bar so I have trouble analyzing its physical details, like the kangaroo pattern, even with a magnifying glass. APMEX is a good reputable company right? The odds of my bar being fake are very low right? I'm concerned because the bar is upside down in the assay card :/

[@CalifornianOnEEurope]

APMEX ie very reputable company - but a bar being upside down in packaging... this is suspicious if this is mint packaging original

[@Neoquaker1]

@@CalifornianOnEEurope It worried me until I realized that even a great mint like the Perth Mint can make small mistakes and gold is gold. Forfeiters probably take more care to put their bars in the right way because they are more worried to avoid suspicion.

[@CalifornianOnEEurope]

@@Neoquaker1 I concur here. Can them and demand a replacement or see maybe this actually have bigger value as those mis minted coins worth thousands now

[@Neoquaker1]

@@CalifornianOnEEurope Heh I would maybe do that with a bigger bar but my 1 gram bar is my first ever bar so Im keeping it forever for sentimental value and then Ill pass it on. Anyway I took it out of its container (because I wanted to hold some gold in my hands) so theres no upside-down issue anymore.

[@CentiZen]

All that effort and they still made a typo. The fake bars say ASSAYER instead of ASSAYED on the back.

[@g.k.1669]

Good catch.

[@franciscoangel4622]

I ordered some off JM Bullion and they say Assayer as well as some as I purchased on apmex also saying assayer now thanks to this video I’m confused as to which are the real ones

[@chadh9457]

@@franciscoangel4622 mine says "chief assayer" too. Mine is B serial number though so I am thinking its an old design. Mine also has the left alligned typeface for 1oz, so they have aspects of new and old designs together I think.

[@jhezy2000]

Not true

[@timhull8664]

Hi so what redress did the customer have when you told them their bars were fake. And were there any crim charges..

[@BullionNow]

No redress in most cases. Sometimes they bring them in quick enough they can claim them back through various "Buyer Protection" schemes but usually they have had them for several years and they now want to cash them in. I've only heard of 1 person being pursued by the police and I never heard if they ever laid charges.

[@timhull8664]

@@BullionNow shame..

[@a-a-ronbrowser1486]

I have been wanting to get some physical gold. Thank you for this one

[@thefourthwall9022]

Looking for somewhere to store those XRP profits??

[@keitho77]

Should you get all your physical purchases verified, even if you purchase from a well known, trustworthy company?

[@joshortegon4028]

The fake gold pack makers taking notes now lol

[@confettier]

Raven M even if they did that I would still notice the serial number. I’m trained now

[@TheGoldenOrangeFLA]

Question: I bought a 1 gram Perth Gold Bar and I noticed that there is a bar number on the packaging but not on the bar itself. Is this normal?

[@BullionNow]

It's not enough to say it's real or fake just from that, but Perth Mint don't put serial numbers on the bar itself, so it should just be on the packaging. Hope that helps!

[@robertoh.20]

I wouldn't call the buyer of those bars "smart" as he still paid 10% deposit which is quite a bit of money for pretty non precious metal counterfits.

[@CUNDUNDO]

But he`s still 90% smarter than the others !

[@trends2morrow107]

I buy from Commonwealth vault Auckland. Hope there is no problem...

[@rrssmooth6643]

Pretty good looking fake. Package and all. Only buy through legit dealer. Must be a big factory somewhere creating fakes on a big scale.

[@Omikoshi78]

What happens when the customer wants to sell the gold? That chain of trust doesn’t exist. Which limits buyers to those equipped to authenticate it. Less buyer opens it to price manipulation.

The Reserve Bank

[@jimmymcgill5572]

Is there any chance Apmex would sell fake

[@clausandersen8446]

I think the fake looks more reaL, anyone would be fooled by this.

[@xephael3485]

The XRF scanner doesn't scan very deep into metal, different techniques are needed to verify heavily plated metals or fakes.

[@snowyowl6892]

Jeepers !!

[@RedShiftedDollar]

Judging the package can NEVER be used to verify the authenticity of a bar. However, it can be used to identify and reject some fake bars. Every single exchange of gold should involve some kind of verification test of the gold itself.

[@ZelenoJabko]

With bitcoin you can be absolutely sure it is not counterfit.

[@RedShiftedDollar]

@@ZelenoJabko Same with gold. Besides, testing gold is a lot easier than testing bitcoin. To verify bitcoin you must run your own node, ensure you are not connected to a malicious network, transfer the bitcoin and pay a fee, implement world class digital security measures to ensure your keys will not be compromised, store your keys with redundancy, be careful with how you use your keys and which computers they are entered into, etc. Then after all this, if your keys are somehow compromised then someone can steal them from anywhere in the world. And this is all to simply protect your KEYS. The bitcoin themselves are never in your custody and always have to be held by the third party network of miners and nodes. So you can’t even self custody your bitcoin. You think that’s easier to manage and verify than a chunk of metal?

[@ZelenoJabko]

@@RedShiftedDollar you have a point and a good argument. I think I am still bitter as I held gold for the past 15 years when my friends got 5x in the stock market in the same time. Peter Schiff lied to me.

[@RedShiftedDollar]

@@ZelenoJabko The US government holds more gold than anybody and they control the dollar. You’ll know gold is fairly priced when they start selling again. Their current actions indicate they think gold has been severely underpriced for the last 60 years. It’s been so underpriced that they haven’t even sold a single ounce out of their almost 300 million ounce stash. I don’t think they’ll activate the reserves until they have a really good reason to. But when that crisis happens, I’d rather be on the same side as the government (hold gold) vs being the enemy of the government (bitcoin). In my opinion their attitude towards gold will be more favorable than their attitude towards bitcoin. They mint gold coins as bullion using open market sourced gold. Wait until they mint gold currency coins using metal sourced from their reserves. The constitution’s weights and measures clause grants congress the power to set the price of gold to anything they want. This is why the book price is stuck at 42 bucks an ounce. Imagine if they set a high face value, mint some gold coins, and distribute them to banks for making change. Withdrawing money from the bank in gold coins would represent the purchase of that gold from the government at the face value price set by the government. This is what I mean by waiting until the government starts selling gold again. If you have money in the bank, they can literally force you to buy gold at any price they want. This is the power of the gold reserves and why they store them on a military base alongside the constitution. When they need to activate these reserves it will be a big deal.

[@bobjones7776]

@@ZelenoJabko last 20 years gold is up 411%, last 5 years up 60%, last year 12%, 6 months 5.5% ~ average 12% PA. You can dump your house into gold and not worry, try that with a rug pull coin haha Stock market is pretty solid for some stuff like NVDA or AMD once ryzen 1 was released

[@adrianjos04]

Would the fakes be tetected with a strong magnet ?

[@JohnSmith-zl7su]

And you expect people to accept gold as money when the average person can't tell the difference?

[@BullionNow]

It's one of the reasons we try to educate.

[@kito1san]

Well, just like diamond. You can't tell the difference if it's real or synthetic (man made), suppose to be the same. However, there are machines that sort things out. Hence why they need to make some more readily available. Speaking of that, even money can be fake and need a machine to spot on high quality fakes. I suppose if there is a market for them, hence the gold market is HOT HOT HOT, why people are making fakes. There are still plenty of gold in the mountains, but no one is digging for them. I suppose it's not that easy to get them and imagine back in the days, people died looking for them. Just astonishing.

[@Ocewot]

no offense but do you think this only applies to gold..? counterfeit bills have been a thing since the creation of paper money and you can only draw the correlation of fakes to gold?.. you clearly lack any concept of what money is and how it was created we used to use the gold standard (in the United States) which was stopped in like 1970s where every dollar had to have the same backed value in gold possessed by the government. my point is money is the means to get wealth it isnt the actual wealth (fiat currency) people actually hated the idea of paper money knowing it had no value gold has real value so if your government fails or becomes corrupt you still have value even if inflation causes your countries currency to sky rocket in inflated value.

[@JohnSmith-zl7su]

@@Ocewot I never said counterfeiting only happens in gold. Of course fiat is probably the most counterfeit currency. Money is a representation of a person's time/labor. And you trade that time/labor to buy goods/services. If a government just prints money to infinity, they are diluting a person's time/labor and inflating the price of goods/services/assets. Bitcoin > Gold/Silver > Fiat

[@sortofanoakyafterbirth3661]

@@JohnSmith-zl7su Honestly curious as to why you think Bitcoin is 'greater than' gold/silver. Silver especially in my opinion, considering our lives as we know it wouldn't be nearly the same without it. I don't mean to start a currency war with ya. We've used silver as actual money in 1964 and earlier and it held its value well. I respect your opinion as to why you think bitcoin is better, but I just don't trust it at all.

[@jofoxratmonkey7203]

Hey Bullion Now! Thank you very much for your videos! I have a question: do you know from which year on the Australian kangaroo coins are in the round coin capsules like the ones today? Was it from 2009 or from 2010 on? Thank you very much for your answer and have a nice weekend!

[@BullionNow]

1999 was the first year of the round capsule I believe

[@wadewheelingtonii7690]

This why you need Vechain to catch this type of mess.

[@BullionNow]

Whats a Vechain? Kidding :)

[@flybiwire]

VeChain, Theta, and Digibyte

[@Freakzilla18]

Love it

[@bobbyv3]

Does it matter if I removed my gold bars from their Assay cards? I’d like to fondle it. Lol

[@SilverBull30]

Save the packaging, They are your gold bars, do with them as you please, at the end of the day, Your AU will always test positive for real gold with ALL test, however you should save the assay cards, When you go to unload your bars, I believe you will see a bit more if you have them, if you took them out hopefully have not thrown out the assay cards, they have a serial # and other desired info.

[@PartyMarty321]

I was thinking the same thing, I want to stack these or have a bunch of them in my hands instead of having them in plastic

[@gt0703]

It won't matter, it's the gold that has value not the packaging. It can always be melted back down and repackaged.

[@robertoh.20]

@M T not to mention the air around the gold might have some residual gold particles, and if you open it, you might lose them. talk about throwing money down the drain!

[@1redrubberball]

@@robertoh.20 If unopened, they can never be unopened again, but can always be opened in the future. Mine remain sealed. Just like a cleaned coin cannot be uncleaned, but an uncleaned coin can always be cleaned in the future, if desirable.

[@respond_code3]

Looking to turn my crypto into 1 ounce bars. Probably platinum. Never purchased precious metals before..so i was wondering. If i rip open the packages to save room stacking the bars in my gun safe. Does that decrease the value? ID assume no. 1 ounce of gold is 1 ounce of gold. The packaging I assume is irrelevant. But just want to make sure.

[@respond_code3]

@@frenchonion4595 i think the bars I was looking at have a serial number etched into them. Thank you. I guess for now i I will leave them in the packages. I cant imagine i will accumulate that many space will be a issue. I can only wish

[@BullionNow]

You're right in most cases. Gold (or silver or platinum) is still gold (or silver or platinum) and any dealer will pay $$ per oz for the bar whether it is in or out of the packaging. It becomes more important when selling onto the secondary market (forums, down the pub, eBay etc) as it gives the bar more "legitimacy" to a potential buyer who may pay a little more for it or at least be more comfortable with the purchase.

[@respond_code3]

@@BullionNow thank you! Packages it is. If i ever open my safe and they start falling out because i have so many and need room I'll consider dumping t ue package 😂 but at this rate that wont happen I can't seem to buy the stuff i want. Found a few websites that take crypto but almost all their product is gone.

[@idonotagreewithtermsofserv6777]

36 Counterfeiters dislike this video! lol

[@whatsfordinner1695]

they would love it actually. helps them improve doesn't it?

[@behniaakbari]

XRF just analyze the coating not rhe content, right?

[@SCzxjk]

Just buy from trusted companies.its definitely worth the few quid extra.😌

[@brucemiller8109]

To save a little you will pay a lot.

[@cryptosteve5377]

If your a bullion dealer you have too buy off people off the street

[@nvarras7]

How do you detect Tungsten?

[@davidfreeburn8592]

just buy them directly from perth mint. problem solved

[@unknownqueen6594]

😂

[@jamesvelvet3612]

Problem solved for the buyer, but not the poor soul that is trying to sell his gold. In other words, if everyone follows your recommendation, you will never be able to sell your bars (since your advice is to only buy from Perth Mint, and well, you aren't the Perth Mint). Much better advice would be to purchase a Sigma Metalyatics tester if investing in Gold or Silver and simply test the bars.

[@greenminer255]

@@jamesvelvet3612 I'll stick with bitcoin

[@الهجرةلاستراليا-الحلمالاسترالي]

@@jamesvelvet3612 Sell to Perth Mint? No? I'm asking.

[@jamesvelvet3612]

@@الهجرةلاستراليا-الحلمالاسترالي No. Perth Mint does not buy back your coins.

[@lastfanstanding999]

So what if they are switched during shipping ?

[@blindshiva2826]

These crooks are making more than just the premium!

[@mikepict9011]

It's just that the workers in the Australian mines dont benefit AT ALL by them propping up NYC . I'm sure some ny Guido goon is giving some Australian big shot some goodies. But the whole market is crap ... ironically when they slow down they get richer , but their white so their not inclined to slow down

[@mikepict9011]

@G E T R E K T 905 Australia propping up the usd by helping supress gold and silver. Its difficult to understand.

[@gilhadanimusic7494]

Shouldnt be a REG number on both bar and pachage?

[@thereisnogod6240]

only fools buy gold in gum tree, ebay, amazon, alibaba. buy directly from a mint.

[@Koda716]

Alababa has the lowest prices on gold you'd be stupid not to buy from them

[@robertoh.20]

@@Koda716 so does facebook!! they go for like $200 under retail prices!

[@SilverConundrum]

I have purchased several oz of gold from ebays reputable dealers and never had an issue. In fact some of them refunded me some cash when the market dropped a bit. (well one dealer did on a 1 oz eagle) so... you can't slam all the dealers on ebay.😊

[@naturalistmind]

i have some bars i got for pretty cheap and they passed the magnet test, is the magnet test useless?

[@BullionNow]

It's not useless, but getting them tested with an XRF would be a great idea, IF you're at all suspicious.

[@naturalistmind]

@@BullionNow im loooking into getting them looked at at a refinery

[@5-ofingerboarding693]

Just bought my five gram Perth mint bar

[@LisaCulton]

They are so cute!

[@Been_8]

Do you guys ship to Sydney. Also does all bars I buy from your shop xrf tested?

[@BullionNow]

Yes we ship to Sydney and everything we buy back from the public gets tested. If we buy directly from a mint, then we'll test a random sample.

[@daeroc]

Which one's fake? Who can tell with the camera man shaking like Michael J Fox with the camera out of focus reflecting the light off of the bar on the right.

[@CatsMeowPaw]

Is there a chance of purchasing fake bullion from a professional dealer? I sold gold coins and silver bars to a dealer and they gave me cash on the spot without testing the bars. Do they test them later on?

[@BullionNow]

HIGHLY unlikely. They either tested them later on or just knew they were real by looking at them. When you spend so much time around coins and bars, you get a special feel for it. But any dealer worth their salt tests them anyway.

[@artytomparis]

The quality of the packaging on the real ones is really shoddy.

[@truevegas]

Yup. To show it's been tampered with. Someone probably took it out to have a flex lol

[@artytomparis]

@@truevegas I'm a stickler for symetry. Why does a forgery get to be so much neater.....it drives my obsessive compulsive disorder over the edge....

[@truevegas]

@@artytomparis Haha I feel that 😂

[@tylerdevloo]

If you’re buying online from a big store like silvergoldbull, do you have to worry about getting a fake one?

[@Snidey-Man]

Avoid buying off eBay period!!!! Scammers everywhere

[@joeyboedeker7205]

Especially now