Feds Can't Stop the Fake GOLD & SILVER SCAM - Let Me Try

The fake gold & silver scam is out of control! Police can't stop it & people are getting ripped off from $30 to $1million.It simple to do but complicated to detect. The government can't stop it, you MUST educate yourself and avoid getting ripped off. I will show you how to avoid being ripped off and a DIY method for testing Gold & Silver to avoid fake coins.
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Disclaimer:
Due to factors beyond the control of Silver Cymbal, I cannot guarantee against improper use or unauthorized modifications of this information. Silver Cymbal assumes no liability for property damage or injury incurred as a result of any of the information contained in this video. Use this information at your own risk. Silver Cymbal recommends safe practices when working on machines and or with tools seen or implied in this video. Due to factors beyond the control of Silver Cymbal, no information contained in this video shall create any expressed or implied warranty or guarantee of any particular result. Any injury, damage, or loss that may result from improper use of these tools, equipment, or from the information contained in this video is the sole responsibility of the user and not Silver Cymbal.

[@SilverCymbal]

Thanks for watching - Hope this may help some folks not get cheated, I hate this stuff! - Magnet: amzn.to/3C85G7r Digital Safe: amzn.to/4hekaln Please share any ideas or tricks you use to protect yourself

[@joshuarhoades2740]

I hate to burst your bubble China counterfeits US coins all the time. Alibaba has all types of items!

[@SolarSeeker45]

Silver is actually paramagnetic and it's not a unique property. Copper and aluminum both have this property as well. A silver plated copper bar would pass this test and most other silver tests as well.

[@jake8077]

You are MISLEADING people ..ALL Gold Eagles are 91.67% (22K) ..not just the old ones ....AND COPPER is DIAMAGNETIC similar to silver (not exact) ...PLEASE dont give out information when you are ignorant of the topic. AND why give advice to the PUBLIC about using a machine that costs 1000's of dollars .... erase this useless video

[@SolarSeeker45]

@ Paramagnetic not diamagnetic. Diamagnetic things are repulsed by magnetic fields.

[@jake8077]

@@SolarSeeker45 Okay, thank you. I am an ignorant idiot ..that's why I make comments and not videos. I apologize.

[@timchan334]

Buying Gold on FB is wild😂😂😂

[@billsmith281]

Buying ANYTHING on Facebook is "wild"

[@Molon_Labe1776]

Facts! My dad got his credit card hacked TWICE from Facebook ads.

[@tabcreedence6553]

They will steal existing accounts that were created many years ago as well so judging by the age of an account is just one of the considerations..

[@glenquarrie3414]

In about 1980 I was a cashier in a store that had an old cash register for the time. It had a marble shelf on it and I was taught that if you drop a quarter on it, it was very easy to identify older silver coins from m more recent ones. The cash register was, no doubt made before they stopped making quarters out of silver, but I was very easily able to identify several silver coins by their very distinctive ping in this way.

[@SilverCymbal]

Very interesting, I had a feeling that story was based on some truth, glad to hear this

[@dwaneanderson8039]

You can tell a copper penny from a zinc penny by just bouncing them on a hard table or counter top. Copper pennies ring quite noticeably, while zinc pennies sound dead. I know this isn't all that useful, but it demonstrates the principle.

[@thezfunk]

Don't even need marble. You can hear the difference on any hard surface.

[@savage6394]

The early more valuable quarters I've got were all found in change I was given after a purchase. You can tell by the sound they produce, jingling around in your pocket with the other change. It almost sounds like a bottle cap.

[@spaceboypoogie]

During the first (3) Years that I've worked as a Produce Cashier, like Clockwork: 1st year I found a Mercury Dime. 2nd Year; another Mercury Dime. Third Year, I found a Buffalo Nickel. 🤑

[@mathew00]

There is a part of the population that can't resist a "too good to be true" deal. I don't know why this is true, but I find it interesting.

[@dgunearthed7859]

Even if they've been warned, those people know better than us. That is, until they're at a police department filing a $100,000.00 scam report. Good luck with that.

[@thisperson5294]

I am on a FB scam alert group. For some reasons most posters there are Filipinos. Every single day, people ask if some task scam is legitimate, some FB "loan company" is legitimate, if the page selling cheap Iphones is legitimate. Day after day after day. 🤷‍♀️

[@Molon_Labe1776]

Hubris

[@robertthomas4329]

That would be, “too “.

[@dgunearthed7859]

@robertthomas4329 oh, thank God , the grammar police arrived!

[@BlainsTube]

2:14 If someone doesn't know what "spot price" means, they should not be buying gold or silver.

[@shashipancholi]

This is a wild thought but maybe that’s the point of this video : to educate

[@timothynechville8326]

If you don't know the price of eggs you shouldn't eat. Right?

[@BlainsTube]

@ You need to tweak it just a bit, but you're on the right track.

[@stasi0238]

​@@shashipancholihaha 😂😂

[@Nicholas-f5]

Spot the dummy

[@MM1960-s8d]

I inherited a gold bar from my father when he passed last year. He bought it 30-40 years ago. When I brought it to a local metals dealer he could tell it was fake by sight even before touching it. He said he didn't know what it was but it certainly wasn't gold. Rather than pay to have it tested, I measured it with calipers and calculated it's volume then weighed it on a two place scale and calculated it's specific gravity. Looking at a table of specific gravities online it turns out to be a brass alloy that is way off the weight of real gold.

[@codegeek98]

hopefully your trustee didn't pay inheritance tax as if were gold!

[@Toastmaster_5000]

Silver isn't the only diamagnetic material. While being non-magnetic or fully magnetic prove it isn't silver, the drag you feel from diamagnetism doesn't prove it is silver either.

[@ruftime]

Some stainless steel alloys act similarly from my experience. And would be the “right “ color 😂

[@mwalloch]

E.g. copper

[@Stealther]

@@ruftimeI wonder if those would pass the “ding” test as well?

[@cockneyse]

Yep saw this and immediately thought of all those films about eddy currents slowing manets in copper pipes ... 😂 Set yourself up as an person who can stop fraudsters in your click bait and immediately go wrong The biggest point is idiots thinking they'll get something for nothing

[@esoteridactyl]

He said that

[@webweaver3015]

I had ordered $50,000 worth of junk silver off of eBay, in $10,000 bags and stored them for years. Recently I purchased a sigma metalytics analyzer and went through every coin and found out that 5 to 7% of them were fakes. The reason I bought these off of eBay is because they were about 5% cheaper than other sellers. The seller was coin exchange NY and I believe they are still selling on eBay.

[@bryankienlen8721]

Hey, I have some ocean front property I want to sell you.

[@onionhead5780]

Good of you to post intel so others don’t do business with them. 👍

[@Timmerd888]

So they faked 5-7% of quarters, dimes and half dollars? That’s really strange.

[@MetaTaco317]

If they were 5% cheaper and 5% of them are fake, in a strange way you paid the going rate. You aren't really out any money compared to having bought at the going rate.

[@silversharkc4666]

Ebay will return your funds but I don't know if you went to them a few years later. LOL

[@BabaDka]

as a kid in 1970s, I worked at a candy store, it was easy to spot a silver coin by the sound it made when dropped into the register.

[@jake8077]

They also taste differently on the front part of your tongue

[@joegadget670]

Great point about Costco and other big box stores selling authentic precious metals. Although one should be careful with online versions of these stores as they sometimes list 3rd party sellers. Walmart does this and some of the 3rd party sellers on that platform sell fakes. Getting your money back from those sellers is very difficult.

[@Authoratah]

They even had banks in Canada selling fake gold.... So test it all

[@codegeek98]

online purchase, you'd have paid with a credit card, right? so if the seller doesn't promptly refund you, just report it to your bank...

[@michaelg589]

Do not buy bars. Do not buy rounds. Buy legal currency. Gold Eagles. Gold Buffalos. Gold Maple Leafs.

[@Eureka.8]

Thank you for making this video, I have been warning people about the dangers of gold. And you really did you're homework. Thanks!

[@SilverCymbal]

Glad it was helpful!

[@jake8077]

Buying fake gold at low prices is GOOD BUSINESS. Just sell them as REAL GOLD ... people are still happy since they have "their gold" ... screw those old people with their fat SS checks

[@Nicholas-f5]

You are homework

[@JeepinMaxx]

Very eye opening video! Timely too - my 85 year old dad gave each of us kids a single gold coin for Christmas from a set he bought in the 80s... Now I might just test it!

[@bikeny]

If you do so, please let us know how it turns out.

[@bkm83442]

The magnet test has nothing to do with diamagnetism. It's the Hall Effect and eddy currents. The magnet test doesn't really distinguish very clearly between silver and copper, which is one of the most common metals to use in fake silver.

[@silversharkc4666]

If you're a serious stacker invest in a Sigma metal detector. Especially if you like slabbed coins.

[@mann_idonotreadreplies]

Cool story bra

[@Cyberguy42]

I thought it didn't sound like diamagnetism, eddy currents make much more sense

[@KB-ke3fi]

@@Cyberguy42 Eddy sounds like a smart guy...

[@SlugLamer]

Keep in mind that copper (likely others too) are also diamagnetic, so being diamagnetic is not enough

[@kylecanplay4550]

SD bullion sold me a fake 1 oz bar of Silver. Had to take the loss as a lesson because more than a month passed between purchase, an discovery.

[@SilverCymbal]

That is really bad. The problem is they will always just say you are lying. Its really hard to buy through the mail if things get weird. Sorry this happened to you

[@kylecanplay4550]

@SilverCymbal It was a lesson in which I have learned to have any precious metals tested professionally. Purchasing Locally eliminates shipping fees and also ensures authenticity much more.

[@_SurferGeek_]

First, why would you buy precious metals from Facebook? Second, why do you think anyone would sell precious metals for anything less than 95% of the current value? If you're looking for a good deal you are exactly who these scammers target. Same type of people that would buy oceanfront properties in Arizona.

[@bashkillszombies]

When my father died I inherited his gold and silver coin collection, he kept receipts for everything he purchased, starting in the 70's. The silver coins were all worth the same value today as they were when he bought them in the 70's. The gold however was a world of difference. Don't waste your time with silver. It's a scam to scam poors.

[@Solo413]

Yup. Silver is nothing but a huge distraction. Gold is where it's at.

[@KB-ke3fi]

I bought 1,000 oz of silver bars in 2015 at $15, and sold it all when it hit 32. I don't think doubling my money in 10 years was so bad.

[@magnanova]

The silver price was $4/toz from 1990-2003. Now it's $30.

[@Solo413]

@ Cool. You waited 35 years to make $26.00.

[@jadenephrite]

Regarding 10:40 the magnet test, pure gold is diamagnetic. Pure silver and pure copper are also diamagnetic. When performing the magnet test, a Neodymium magnet should be use, because it is much stronger than an ordinary magnet.

[@alr5373]

More people are scammed by publicly traded gold/silver companies too. If you don't have it in your possession, it didn't effect the global supply. Many professional and creditable sources are estimating that with the current rate of usage, there is only a 40 year supply in the world for silver. They are trying to solve this by encouraging people to buy ETFs, derivatives, mining companies, and royalty companies instead of physical.

[@SaveYourBrainKillTV]

The difference between physical and paper silver is like the difference between an online girlfriend and a real one.

[@nERVEcenter117]

A good local shop will charge some premium over spot, have a metalytics machine and a calibrated scale on the desk already, and will have magnets and chemical etching test equipment ready to go if a potential fake shows up. They pay RENT to be there. Fakes hurt them and their reputation, so they WILL help you out! Sometimes fakes end up in bulk buys and that sucks for them, it's money down the drain.

[@r0cketplumber]

The best nondestructive test is X-ray Fluorescence (XRF) which hits the metal with X-rays and measures the energy of the returning photons. Those can give exact compositions of complex alloys.

[@CL-yp1bs]

Nice!!! What about electrical conductivity?

[@simongchadwick]

What about plated coins, with base metal interiors?

[@jaquigreenlees]

@@simongchadwick x-rays penetrate the metals so "cladded" / plated base metals will be found by an xrf test.

[@mann_idonotreadreplies]

Cool story bra

[@CL-yp1bs]

@@mann_idonotreadreplies What size Bra? 34 DD?

[@silversleuth007]

Plenty people are looking for angles on everything. Buyers don't ask why seller is selling for so cheap, because they think the seller doesn't know what they have and its true value, and they don't want to kink their "deal". Greed can work both ways, IMO.

[@Nyan4Eon]

Don't buy off fb marketplace in general

[@MetaTaco317]

I'll continue to buy from reputable sellers and save over 50% on used tech. Bought a laptop last month from a pawn shop listing on FB Marketplace. It sold for $3k new just 2 yrs ago. Lowest used price on eBay was $1,700. I paid $600. They likely confused model numbers and weren't aware it had a Nvidia 4070.

[@mann_idonotreadreplies]

Cool story bra

[@Raintiger88]

The one thing I know about that you didn't address was the real gold, but plugged with tungsten. This was/is prevalent in China and I do know that the weight is so very close to gold that it won't set off alarms on anything but the best of the best detectors. I never saw much about definitive testing of these bars, but it put me off buying any gold a few years ago and with the revelation of a new fake gold process in China, I probably won't buy any gold that isn't an old coin or from the US, AU or Canadian mint directly.

[@henrymorgan3982]

The reason to only buy from reputable dealers. Great video!

[@Cyberguy42]

Great video, though the typos were distracting, including these: 1:00 should be 'counterfeiting' 10:43 should be 'magnetic'

[@pedrowhack-a-mole6786]

When I started stacking a few years ago, I didn't know about all the counterfeits or way to detect them... besides dropping a silver coin to "ring test" it. After watching a few videos about counterfeits, I got a little paranoid about my purchases. I learned everything I could about counterfeiting, and more importantly, how to test my silver and gold. Counterfeits can usually fool one or even several tests but not all of them. If the weight is right, the size will usually be wrong, there are alloys that mimic the density of silver or gold but can't ring true, XRF machines only measure the surface of the metal, Sigma's metal verifier can even be fooled by some coins. The Sigma PRO machines with the overarm sensor do the much better job by measuring through the sample coin. They're not cheap until compared against the discovery of a bunch of fake silver... or a single gold coin.

[@sethhill17]

Regarding FB and other marketplace adds: in fraud prevention we often scan for words like "grandfather" "aunt" etc as a preliminary step in identifying scams. Most legit sellers don't go into detail about their families; it is usually a sign of a scammer trying to justify low prices or a new account

[@bongkaos5519]

Buy from a reputable source. Costco is not a trustworthy source, Unless toilet tissue and bulk grocery is what you want.

[@dieseldragon6756]

I was gonna say: If I was buying gold I'd go to a pawnbroker, but I don't think they'd be able to sell me bulk toilet roll... 🧻 (During a pandemic might be a different story! 😉)

[@nmarkose]

Like most of scam victims, they fall for it because of greed.

[@mysteryman5826]

the majority but not all.

[@MoDzAudio]

The Sigma isn't always accurate. I had a few problems before where it would tell me that a coin was real when it wasn't real because the plating was so thick so you really need to be careful. I now use a Thermal Fisher X-Ray gun we have one at work so I'm lucky get to use that and I test coins and bars for people local to me when they ask me to. I would say though for most people a Sigma is usually all you need just always start with your basic tests first and don't rely on the Sigma alone.

[@MrProgrammerGuy]

This was a fascinating video. I'm not even into precious metals, but your video was so well done that it held my interest and educated me on an interesting topic. Very well done!

[@antoniobiondo1509]

Commodities trader here, Spot Price is the price at a specific moment in time. The spot price changes by the minute/second.

[@SgtSly]

Doesn’t copper react to a magnet in a somewhat similar way to silver? How can you tell the difference between these two?

[@DanCooper404]

Copper and lead are diamagnetic too, as well as gold.

[@dgriffin6074]

Another possible scam: buying AG or Au from outfits that don't deliver but STORE it for you. Some may do what they promise, but WHY would you trust complete strangers' promises? A Sigma Metalytics tester is expensive, but NOT compared to the price of what you can lose by making a single purchase. Use a well established seller with a good rep.

[@mwalloch]

Copper is diamagnetic.

[@Authoratah]

Correct, so they can fool the magnet test by plating copper coins with silver

[@joshuabaker1068]

I only buy straight from the trusted gold dealers like apmex, or straight from the mint itself.

[@RamanKathpalia]

How do you know the shipping company rogue employee hasn't swapped with fake? Most shipping companies do scan the package and know the content. I am only curious.

[@alextitanrider5924]

@@RamanKathpalia try to open a apmex shipping container they are glued tightly packaged if there is any wiggle room at all then maybe

[@nopenope7777]

Gold and silver is one thing you can't play with. Always buy directly from a big name bullion seller. Also get cases for the bullion to protect them. Glad I spent $20 to protect my $2k worth of silver. It's crazy to see how people don't. 😂.

[@jadenephrite]

Regarding 12:05 testing for the specific gravity of gold. Convincing fake gold coins and bars are made from tungsten core covered with a surface layer of gold. Sophisticated counterfeiters choose tungsten to simulate gold, because the specific gravity of gold is virtually the same as the specific gravity of tungsten which is 19.3. That is why further testing is required whenever gold plated tungsten coins or bars are suspected.

[@counterinsurgencyadvisor4289]

I couldn't imagine someone going through the effort for a one ounce bar or coin though. I say just stick to the small items.

[@jadenephrite]

Gold plated tungsten core coins and bars are available from the internet. Some test specimens were purchased, measured for their mass & volume and determined to have a density of 19.3 grams per cubic centimeter which is the density of Tungsten as well as Gold. If they had been filled with Lead, then their density would have been 11.3 grams per cubic centimeter. Further evidence was revealed after removing the outer layer of gold plating, a tungsten core was exposed which was very hard metal having a Mohs Hardness of 7.5. On the other hand, if it was a Lead core, Lead is a very soft metal having a Mohs Hardness of 1.5.

[@counterinsurgencyadvisor4289]

@@jadenephrite I think those in turn, would be fakes. Fakes of the fakes. Filled with lead instead of tungsten is probably what you would actually get.

[@somejoe7777]

On the SIgma Metalytics verifier, the tungsten-filled bars will immediately fail the scanning test, even though they might pass the specific gravity test. That's why you need to use both. Only real gold will pass both tests.

[@anobody5708]

I wouldn't buy a rock on FB marketplace.

[@petershoopa.7767]

Good call.

[@JosephShaffer-o1o]

To many fake gold bars , that is why I only buy coins .

[@Swabian_sawman]

Actually gold is diamagnetic. And tungsten is paramagnetic. That's actually very important to distinguish the fake from real. A good way to test the gold coins is to hang the coin in a capsule at a long thread (maybe 1m or so). A strong Neodym magnet will repel the coin if its real gold. But in fact the forces are little and the magnet has to be a strong Neodym magnet. It's a cheap, easy and reliable test.

[@noleftturns]

Hoard gold and silver or toilet paper? 4 years ago you had a hard time finding TP at Costco or Sams or any place. People hoarded the stuff so as soon as some came in it was hoarded by your neighbors. I don't remember folks hoarding gold and silver coins/bars - that should tell you a lot about what folks will do when SHTF. Personally, I have a stockpile of freeze-dried food from Mountain House - it has a shelf life of 30 to 50 years. People need food over gold and silver when bad things happen. The problem of counterfeit gold and silver has killed that market - there is no black market for freeze-dried foods. Barter is the important thing to consider - cryptocurrencies, gold, and silver, are all illusions when the lights go out...

[@ksw501]

Are/is long term foods considered highly processed food? I’ve heard that’s not good to eat

[@awesomecomputers7076]

Honestly gold/silver and even crypto are NOT investments for an shtf scenario. More for if there’s a major economic event or inflation like Argentina where currency becomes worthless and bartering starts to become a thing. Not saying we should all hoard gold or silver but there is a valid point in having some on hand.

[@noleftturns]

@ ok you go to your neighbor and offer him a Mirgan silver dollar for a gallon of gasoline ...he says it could be counterfeit...what do you do?

[@awesomecomputers7076]

@@noleftturns depends on the person tbh, and it’s not as good for immediate scenarios like that, more as a store of value if currency becomes worthless, or if you need something that’s worth something in another country. Either was its best to diversify assets/investments and preps, having all your eggs in any one basket is risky. I’d also imagine a lot of people would take the risk of getting a silver dollar for a gallon of gas or water in a scenario like a power outage after a hurricanes lol.

[@onionhead5780]

You right. You can’t wipe your butt with a gold coin. Toilet paper is a vital ASSet. 😝

[@FreemonSandlewould]

This guy is full of it. He confuses "diamagnetic" with eddy current induction.

[@mankisito]

Only buy coins (round) and listen to the unforgeable "Piiinnnnnggggg" from real gold and 5 Oz silver.

[@HEVTech1]

Dont blur out the name of known scammers, let the public know so we can deal with them accordingly.

[@jaquigreenlees]

and open himself to a vindictive law suit? sure, sounds good. NOT!

[@DiggingRob]

Gold buyer’s in NY will Do all The Test as you did, also will drill the gold as most are for melting.

[@SilverCymbal]

You guys are the pros over there. They don't mess around. Sadly a lot of other areas get tricked all the time

[@super-z8943]

The silver and magnet thing is due to 'Lenz Law'. Aluminium and copper behaves in EXACT way 😂.

[@RagnarokGenesis00]

costco method of shipping is interesting. they had the product in a usps mailer bubble envelop style then had that in a usps shipping priority box. obviously the margins are low working at volume. the bubble mailer is meant for security of packaging during shipping which includes keeping the product from shifting around the box and cushioning from impact. the usps box was huge 20x of what the product really was. overall it seemed weird, however the box did not show signs of breakage however these box are normally come with a self removable tape to close the usps box, one side extra sealed via clear tape however i tried to lift the flap to see if there was signs of breakage. I noticed no breakage and had some relief. overall like the video said, better to be careful than to lose out on ignorance

[@manyshnooks]

Reagents aren't useless - you *do* need to know what you're doing and testing will need to be slightly destructive as most of these fakes are plated. Ideally you'll want to use an XRF, but that's not accessible for many people. Also remember that aqua regia and nitric acid (for Ag) must be "fresh" - again, reagents are useful. A milligram scale can be used to obtain the weight of the item, and then you can put the item in a graduated cup to see how much water it displaces to calculate if this matches the density. This can be faked eg with various alloys (tungsten comes to mind). You can also buy or build a percussive tester. This could be as simple as a piece of tubing that you drop a ball bearing down and see the bounce height. None of these methods are foolproof. Yes - Ag does have a very specific sound to it, it also has a feel. This doesn't mean there are not alloys which could replicate this property. It's always good to have reference pieces of known good material as comparators.

[@Leonardokite]

Very interesting and informative. This sounds like with gold you pretty much need to take it in to get it tested.

[@counterinsurgencyadvisor4289]

The best test to tell if gold is real or not was invented like 3,000 years ago by Archimedes. Gold can be weighed and then placed in water to measure it's volumetric displacement. Gold is one of the heaviest metals in the world by volume. The only non-precious, non-radioactive metal with a similar weight is Tungsten. The most passable fake would be a real gold bar with a significant tungsten slug crammed in the middle and plated over. But this would not be worth the effort on any bar of less than 5 ounces in size.

[@magnanova]

The counterfeiters are now mass producing 1oz gold eagles with tungsten cores... I've seen the videos on YT.

[@magnanova]

The ping test shows them up instantly.

[@Parents_of_Twins]

Specific gravity is exactly what I was talking about. You can test this with a caliper and a $100 scale along with some math. You don't need that high dollar tester as it is doing the same thing. The upside of caliper and scale is that you can bring it with you and can test a sample prior to purchasing it. I would absolutely not purchase any gold or silver from someone who isn't willing to meet you in person.

[@tedjohnson64]

Most people think highly of Costco’s integrity, and would likely prefer buying gold from them vs a random vendor. So… it’s actually a great opportunity for a crook (working in the warehouse for Costco) to swap out their genuine gold for fakes. 😂

[@peterpowers4851]

Doesn't copper act the same way with a magnet as silver? I think of that experiment where you throw a magnet down a copper pipe and it goes down very slowly.

[@Randoir11]

If you rush out and buy a "TOO good to be true deal " then you deserve what you get ! A fool and their money are soon parted !

[@svsoleil3255]

thank you for such an informative video. There are many who will benefit and not be cheated. Your videos are always great!..Thanks for your work..

[@jeffryan590]

Walmart has 3rd party sales on their site, selling fake coins. Both in Canada & the USA. Saw several vids on KZbin about it. If the price is Too Good to be True - ITS FAKE! I purchased my own sigma metalytics analyzer. It is well worth the money - to KNOW, that I have the real thing & not a fake. Fakes are everywhere - so be sure to purchase from a trusted source. There are plenty of well known websites, that sell the real thing for a fare price.

[@fmg4537]

I have a sigma metalytic. It’s not 100% im afraid. Got proven wrong by a video I saw saying a fake coin was real, same coin was ripped open and showed that damn tungsten. I’d do as many testing to confirm

[@jeffryan590]

@@fmg4537 I agree - do as many tests as you can. If they all pass, most likely you have the real thing. The sigma can be fooled, but it is a helpful tool & another test you can add

[@jhenriques4253]

in UK attempting to commit and offence is also indictable. It means taking steps that are more than merely preparitory.

[@chesshooligan1282]

In the UK hurty words will land you in prison.

[@markhottman2652]

Fake Book going bogus? Say it isn’t SO!

[@KevlarShrek]

Copper is also diamagnetic and can be used inside to fake the silver, always do all the tests. get a propper ping tester and the app. the electronic tester is like 2-4k + also..

[@utanan01]

Gold is crypto for old guys. (I say this as a 50-something Gen Xer.)

[@geedoubleu641]

Most younger people inheriting gold would sell ASAP so they could buy Fartcoin or some other stupid meme coin.

[@keithbaker1951]

I love seeing state agents talk about scams... as if they don't enFORCE the biggest scams and robberies 😅 that the world has ever seen

[@Chriscovelli1]

Hey, poor single dad here. Gold and silver are for the middle class. Us poor folks are hoarding food, water and ammo. And trust me, we won't be trading our goods for your precious metals lol. Class separation is here! Enjoy 😂

[@Archpope]

This is exactly Goldbacks are worth the "premium." They can't be counterfeited now, and almost certainly won't be counterfeited in the future, and there's no expertise required to verify it.

[@SilverCymbal]

People are loving those things. I wish I had that patent on them, that company is doing very well with their cool idea

[@Pr0toPoTaT0]

This is so sad man. People just want somewhere safe to put there money 😞

[@Nicholas-f5]

Their

[@transformer889]

There is a tester that looks like a gun and gives you the exact composition of the metals in percentages. It is expensive, but most pawn shops have it.

[@TheZigZiggy]

Yes, but it only tests the surface. An XRF gun will not correctly identify a heavily plated coin.

[@venom5809]

XRF machine, I have been waiting for one to pop up on Marketplace forever just so I can have one.

[@just.jose.youtube]

​@@venom5809 be sure to test that testing machine... It might be fake! 😅

[@moth.monster]

Yeah I bought a bunch of metal from this guy named "Ea-Nasir" and it was all fake. He never even responded to my clay tablets.

[@REXOB9]

Fantastic video, thanks. I only buy from reputable dealers, but had fun testing my silver with a magnet.

[@jeffgreenwaldJLG]

If you try to sell physical gold or silver where do you do it and how close to market rates do you get or would it be like going to a currency exchange with bad rates and fees?

[@wemustcreateza]

This post just made my day bro nice one

[@dgunearthed7859]

Its like ANYTHING you can't touch before you buy. It used to (and still is) be puppy scam where every "step" along the way there was sme new "tax" or "vet bill" etc they would make u pay. Now it's even easier for them. Can't drill it in enough...no touchy before money? No buy-ee lol

[@wpnmstrmk4484]

Good video for people that are new to precious metals!

[@CedroCron]

Good info for testing, thanks!

[@NvidiaRTX5080]

Magentic 10:44

[@Russianmafia10]

3:24, copper will also do this, they could make a copper bar and coat it in something shiny

[@bizzfo]

um, don’t even get on Facebook, solves and prevents a lot of problems

[@Nicholas-f5]

Fakebook

[@Sylvan_dB]

Copper and lead are also noticeably diamagnetic. Pay attention to the sound. There are phone apps which purport to help you identify the sound.

[@Parents_of_Twins]

Unfortunately the diamagnetic property doesn't only apply to silver but also to copper. So a person could coat a copper bar in silver and still have this same affect.

[@timothyneli]

Very interesting video, great stumbling across your channel! Cheers

[@Stealther]

What a great video, very informative, thanks! Question, how strong of a magnet do you need to feel the silver “grab” will any ordinary kitchen magnet do, or do you need a stronger rare earth magnet to definitively identify it?

[@ChibiCuna]

6:40 While it is true, that silver is diamagnetic, the following test with a magnet has nothing to do with it. Sliding a magnet above a good conductor will induce a current. This will generate an electroMAGNETIC field which is oposite of the magnet's field. It will work with any metal. You can try using a copper tube or aluminium-foil at home. Just put your magnet in that tube and be amazed that it takes longer to fall through that tube than without it.. (It would work on iron as well, but this metal is ferromagnetic and will attract your magnet much harder than those dia- or paramagnetic metalls). By the way. That last machine is working on the same principle.

[@davidjernigan8161]

Measure and calculate the volume of the piece, and check the weight vs volume could be useful.

[@MCW1955]

Now that was informative. Thanks

[@Proliiii]

Where can I buy the case/safe you use in the first few seconds to store the precious metals??

[@SilverCymbal]

It's the Vaultek here: amzn.to/4jpIVMZ It's an awesome case, great for safe storage, edc. Very reliable.

[@PsychHacks]

Never invest in something you don’t understand.

[@Nicholas-f5]

Like confusion

[@ryanaveni9059]

Excellent tip

[@tjmmcd1]

@1:09 he says that (U.S.) coins ARE legal currency, but follows by saying gold and silver coins REALLY AREN'T COINS AT ALL! (Excuse me!) He then states that coins are TYPICALLY called bullion. Yes, silver and gold coins are also considered bullion, however the DIFFERENCE is that unlike COINS, anyone can produce rounds or bars, whereas COINS are minted by actual, individual NATIONS and are DATED! They are also minted in specific amounts by year.

[@90762709]

You didn’t mention that pure gold when touched by your finger, it leaves your finger print on it.

[@SilverCymbal]

That is very interesting!

[@fiehlsport]

Ah yes, Silver Cymbal, finally posting a video about Silver.

[@Parents_of_Twins]

A quality scale and a caliper along with a little knowledge on metal densities will tell you if you have the real deal or have been scammed. I wrote a comment under the pinned that gives all the densities you will need or you can look them up quite easily. Same goes for the formulas for finding the volume of your sample. Science is a good thing and understanding it is important. I know of some destructive tests that will work as well although I doubt anyone would be happy if you dissolved their gold to see if it was real, plus it is difficult to get one of the acids.

[@mustang32688]

this is why the only metals i invest in now days are lead and brass-

[@phildelgiudice3448]

Ummm. What fool would conduct such a transaction online? 😂

[@Nicholas-f5]

Idiots, that's who

[@grenjith]

Thank you for the video.

[@wpnmstrmk4484]

I have a tester but I also like buying graded Gold coins, which can be faked too, But less likely.

[@scrapman502]

You're statement you made about silver being the only metal with this property is in-correct. Copper and Brass have the same quality. The amount of force is slightly different, however. copper I believe will have a stronger force applied to the magnet. Unfortunately, the Fake silver and gold bars are made from these metals causing this test to be in-affective.

[@Nicholas-f5]

You are statement

[@urlcool]

What the device at start of video with the coins in?

[@SilverCymbal]

Right here: amzn.to/4hekaln Awesome safe, it used to be 30% more, good deal while they last