Gold Bars in ASSAY - Be Very Careful

In this video I talk about gold bars in assay. Gold bars that come in an assay card are meant to be left in the assay card, but this poses a problem. Gold bars in assay cards can be very difficult to test. If you have a popular gold bar like a perth mint gold bar, credit suisse gold bar, valcambi gold bar, or a pamp gold bar then this is not a huge problem because bullion dealers are used to dealing with these types of gold bars in assay cards. Gold bars that are in a plastic case are called carded gold bars or gold bars in assay cards. If you have a more rare gold bar in an assay card then this can be somewhat of a problem. When you go to sell your gold bar they may want to remove it from the assay card and this can lower the value of your gold bar. If you are waiting to buy gold bars in assay then I always recommend trying to stick with the popular gold bars. The particular gold bar that I show in the video was very difficult to test and authenticate. Eventually I was able to prove that it was a real gold bar after many tests. If you are buying gold bars then I wish you the best with your gold investing journey!
TESTING THIS GOLD BAR PART 2:
• Gold Bars in Assay Car...
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Topics I cover in this video: gold bar, gold bars, real gold bar, real gold bars, gold bar in assay, gold bars in assay, gold bars in assay cards, perth mint gold bar, credit suisse gold bar, valcambi gold bar, pamp gold bar, gold bar in assay card, assay card gold bar, assay gold bar, gold bar in plastic case, gold bar in plastic, carded gold bar, investing in gold bars, investing in gold bar, gold bar investing, gold investing, buying gold, buying gold bars, fake gold bars, testing gold bars, testing gold bars in plastic, testing gold bars in assay cards, investing in gold bars vs. gold coins, investing in gold, invest in gold, buy gold, how to buy gold, how to invest in gold
#gold #goldbar #goldbars

[@wgwhit01]

I see gold bars (Perth Mint, etc) all the time in local sales posts. Almost every time I reply with "I'm interested and would like to know if I can test with a precious metals verifier", which mostly stops the suspicious sellers immediately. From super chatty to radio silence. Definitely better to avoid when there is any doubt.

[@SilverDragons47]

smart to test the stuff before you buy no doubt! 🔥🐉

[@Kayl3ss]

@@SilverDragons47 Would you say online bullion dealers ex. BGASC, Bullion Max, SilverGoldBull are pretty much legit??🤔

[@JoeGiz64]

@@Kayl3ss APMEX, JM…yes, legit.

[@Kayl3ss]

@@JoeGiz64 Thanks bro. I don't buy from those guys though but I've heard my guys are pretty much just as legit

[@um8440]

I bought a bunch of them on ebay, they all got good rating, if they sell fake bar then somebody would of gave them a negative, most of my gold are in the 100k feedback rating, that is when u know that they are real.

[@usptact]

Congrats on your tungsten bar purchase.

[@arnoutbolman5070]

Great informative vid, thanks ! I look very sharp to how the dealer reacts to my questions and listen very well how his answers sound instead of listening what he/she has to say primairily... Only one chance to do it right. If some seller looses patience or gets irritated, its a no go for sure !

[@glennboyd939]

To test for a copper core, hold bar on an angle, and let your magnet roll down it. If the magnet goes slow, it's because of copper causing induction.

[@gene9230]

what? gold is a similar good conductor as copper, will have the same effect

[@ttkddry]

​@@gene9230it will slow down with a gold core but it will not slow down with a thungsten core, as far as I understand

[@gene9230]

@@ttkddry he is talking about a copper core vs a gold core

[@leonidas953]

What you have is a thick coated Tungsten bar . I bought one of these did same tests same results. Tried to bend it would not bend at all. Drilled on center and sure enough was Tungsten. Specific gravity of Tungsten and Gold within .01% very difficult to distinguish magnetically and or dimensionally. Have to bend bar. If it bends easily it’s gold. If it’s solid it’s Tungsten. I’m willing to bet it’s Tungsten.

[@SilverDragons47]

you tested it on a sigma pro? I would love some photos and more information if you are willing to share please hit me up: [e-mail]

[@abraham3981]

A ping sound test should help in determining if it's gold or plated tungsten. The real bar will have a nice gold gingle vs a fake tungsten it will have a thud or no sound at all.

[@leonidas953]

Yes tested on Sigma Pro. Even had bar xRF tested. Got exact same results as you did. Bought off EBay. Seller allowed my LCS to do a bend test. You must do bend test 2 directions. Long end bend and diagonal bend. Only way to be sure is drill bar on center. We broke a drill bit trying to drill through after trying bend test. I was able to return for full refund.

[@leonidas953]

@@abraham3981 thanks Abraham. We did not try ping test. That’s a good idea.

[@abraham3981]

@@leonidas953 There are repositories out there that deal with thicker bars and they use sound to test for plating. Whether it is a ultrasonic thickness gauge or an ultrasound scanner it is the only sure proof way to determine if there are inserts inside other than drilling. With a thinner bar you can still use the concept of sound without any gauge or scanner.

[@tomtharos4440]

Good video. All of the challenges you identify is the primary reason I don’t buy anything in an assay card.

[@danielrozmiarek9303]

I bought my first gold bar in an assay card, but I don't like it because I want to hold it in my hand. Later I bought about six 1/4 oz gold coins all in capsules because I want to take them out and hold them. I'm saving up for a 100 gram cast (not mint) gold bar. Again, I don't want an assay card because I want to feel the weight of the gold against my hand.

[@zackbarton7859]

Incredibly helpful. Thanks so much.

[@JayNayMay]

I was having a heart attack for you lol. Man you are on it! Glad this worked out well for you

[@SilverDragons47]

lol it was such a roller coaster! 🔥🐉

[@tommyknocker4829]

This video definitely answered several questions I've had regarding why 1 ounce gold bars have very, very low premiums. I was so tempted to buy a few welk-known bars, but now I know why I wouldn't. Thank-you for the thorough explanation. I'll stay with Eagles, Buffaloes and Maple Leafs.

[@erics2506]

Intuition hone it.

[@justinholland9844]

Yes, continue paying more for gold, especially in these times of outrageous premiums.

[@davidlanham99]

Same here. Imagine trying to sell that, or those silver rounds. No one will want them.

[@crazycrayfish7610]

Anything and everything can be faked, even coins. You are better off getting a metal analyzer/verifier like he has if you are serious about accumulating precious metals. Yes, it will cost you $1,200 and up but if it saves you from one mistake then you are ahead.

[@SilverDragons47]

yeah eagles maples and buffalos are the best IMO 🔥🐉

[@mrvrose9999]

This is an excellent video. Thorough, concise, and well explained. Great job and thank you for the valuable information.👏✌️🦅

[@SilverDragons47]

thank you very much! 🔥🐉

[@zacharieaviles9801]

Great video. Have a look at Sigmascopes Type B which would be the ultimate test to know whether bars in plastic are authentic. They go for abouk 8k USD and will tell you the conductivity of the metal-which ultimately determines whether it is gold, copper or tungsten. Also, the XRF tool used is great, yet test should run until data on the right side, the "differential" goes down and becomes stable. In the case presented in the video test was done for 1.5 seconds with a 2+ differential-there is a lot of room for change in data there. Reply if you want a free test. All the best.

[@TheQuickSilver101]

It's because of how much of a pain in the butt gold bars in the assay are to test that I've avoided them. I'd rather pay more for something that's easier to test and more recognizable. Thanks!

[@SilverDragons47]

yeah coins are my go to for sure! 🔥🐉

[@mrvrose9999]

Precisely!

[@stevejahn83]

No gold bars for me, at least yet. For that matter I only have a handful of silver bars and the majority of those are ten ouncers. Thanks for the video SD, keep stacking!

[@andrewburton4584]

Great video, very informative! Thank you for this!

[@leandrewharton2867]

I sold three ounces of gold during the height of the pandemic. I had a Canadian Gold Maple, An English coin and a Canadian .9999 bar in an assay card. They gave me spot on the two coins and barely looked at them. The bar they broke out of the case and did a number of tests on it and I got Spot - $100 on the bar. Just something to think about if your looking to buy gold.

[@arag7023]

When buying gold I've noticed the premiums are also higher on the coins then they are on the bars.

[@richardsanchez5444]

@@arag7023 premiums are almost always greater on coins than bars. At least sovereigns.

[@lennybrewster4673]

That's why I buy bars and only from reputable dealers. Save a bit on premium. Gold is gold.

[@onlylordknows9816]

Great video…I am always learning something new on your channel,great information. I do have a quick question? Should I invest into a Sigma metalytics pro machine as well? I actually already invested in the standard sigma metalytics verifier you showed in the beginning, where you just set the coin on top and run. I know the pro runs approximately almost $900 more. Is the standard one not that accurate? Again great videos,any information would be appreciated,God bless.

[@roypateman470]

They don’t want you to open it because it’s fake.if it’s real gold by taking it out the packaging it won’t devalue it it’s all ways the price of the value of gold at that time.

[@TheJimmy5454]

Great video very informative. I had an issue with silver also even on the sigma (basic one) an older trade unit. Only item I have cut in half and was real. Lol

[@calebfast8088]

Great stuff! Thanks for the info! :)

[@cpinz1]

Great video, thanks for the knowledge!

[@randallkelley3599]

2002 I bought 14 ounces at one time. I purchased at a well known coin store, and never regretted it for a moment. I stay with know sellers, always. But this was the most interesting vid you have made...ya for sure,....

[@danielrozmiarek9303]

Yes, a good one. A lot better than than reading the news for 12 minutes.

[@grumpy1311]

That's one of the best things about coins. They have a known size and weight which can't be replicated by counterfeits. Same idea you were showing here with the bars.

[@BrianHeimbuecher]

Take a look at the somewhat-recent Cook Islands gold coin scandal. Don't fall for that urban legend about coins being immune to forgery.

[@ClashixTV]

They can now silver dragons covered it

[@knucklesatx]

Great video, thank you for the information. If I were in your position, though, I think I'd go ahead and sell it myself rather than passing it onto my kids. Since you know all of the things to prove it is gold now, you have a better chance of getting a fair return on it. If you pass it down, what if they need/or want to sell it, but you're not able to share that info with them for whatever reason? They may end up getting undercut for it. Better that you sell it to ensure you're getting the most out of it. It's a beautiful bar, but I personally wouldn't trust my kids with it. But anyway that's just my take on it. Very informative, thanks again.

[@erics.786]

I bought my Sigma Pro purely for this reason. Peace of mind is priceless..

[@tomtharos4440]

All of the challenges you identify is the primary reason I don’t buy anything in an assay card.

[@jacobs4545]

A real good tip on buying gold is if its like less than spot you probably shouldn't buy it

[@SilverDragons47]

true that less then spot is usually fake! 🔥🐉

[@laurensargent5559]

Thank you for the video. It's very eye-opening. I have some questions. What about cast gold bars? Are they easy to sell?

[@dariodiez395]

very enlighting demostration

[@erikk77]

Thanks for the test info. I recently purchased two 1 oz gold bars for the possibility of election turmoil.

[@stevelauda5435]

Very good, well informed video. most of my gold is maples then bars but they are from the ones you mentioned and Royal Canadian mint, my local coin dealer gets them from there. I do own some old American coins from U.S constitutional gold such as Eagles, and Indian heads because at heart I am still a coin colecter. I have a 1OZ gold Britania, but what i really want now is a gold buffalo, and a Libertad 1 OZ.

[@alexdrockhound9497]

An XRF can absolutely penetrate into a material. I work in the mining industry. we use XRF extensively. We expect up to 10mm of penetration into a rock sample.

[@Bugeye1984]

I bought 250k worth of gold and silver last year alone. And did so for the last 7 years at my business. Once removed from Assay card. They do NOT lose value.. I want them loose preferably so I can test dimensions and exact weight.

[@minutemaniii7062]

Precisely , Gold is GOLD. He is an Amateur 😂😂😂😂

[@minutemaniii7062]

NO ONE GVS A F ABOUT THE FKG ASSAY PLASTIC CARD

[@BeanyBeans]

Damn can you buy me some gold then lmao I can only get silver 😭😭

[@KurtOnoIR]

They dont really lose value but if you look at what they tend to sell for most of the time it seems like they don't carry as much of the premium after the card is opened. Which is fine for me.

[@twilightgarrison3671]

Yea I think he just means it loses the premium value but yes Gold is Gold finger prints and all.

[@DigitalViscosity]

At my shop I do buy assayed bars but I bust them out of the package and cut them in half they have to agree to this before I do. I only pay right at spot for them anyway. You won't believe how many I have found to have another piece of metal in the middle.

[@givemeliberty700]

Sad so many ppl out there scamming hoes

[@BrianHeimbuecher]

Great content. I buy Aussie gold coins & bars for the most part, because I intend to settle down in the Philippines in the next 5 or so years, and there are plenty of Aussie tourists and the continent is fairly close by.

[@lennybrewster4673]

You taking it with you? I don't think countries let you come in with any more than $10k in precious metal. I use kinesis and bitcoin for this reason. I can cash out into physical gold at any global kinesis vault globally.

[@BrianHeimbuecher]

@@lennybrewster4673 I'm considering PAXG (Pax Gold), another gold-backed token by Paxos. That seems to be where the physical gold coming off the Comex & LBMA winds up. And I'll bring in several ounces each time I travel to visit family there so I'm set when the time comes. Be well!

[@martindrab4298]

Thank you for your video, as always. I kinda envy you that advanced Sigma verifier. I wanted it too but when I finally gathered all the money necessary, it got sold out :-). Actually, do you know about any website that let's you verify your gold bars by their serial number (i.e. you enter the serial and get information about the bar)?

[@SilverDragons47]

I do not know about any website with serial number look up but maybe perth mint bars you can contact the mint directly 🤷🏽‍♂️🔥🐉

[@jimmylieb5225]

PAMP has a camera based system. It is called Veriscan.

[@davidmiles4678]

That had me scared and it’s not even mine. Glad it was legit. New subscriber thanks for the information brother.

[@elcheekoful]

I'm new to collecting gold and silver. I've been sticking to APMEX. It's not the cheapest. But I buy from the website, I know it 100% legit.

[@exiledmonastic4650]

There's also those x ray machines where you put an item into a box and then it scans it. this will thoroughly go through the entire material and give you accurate information about the composition of the item, and not just on the surface, but about its inner core. those machines are very expensive but i think quite a few precious metal dealers might have them. would be worth checking if you can find someone who owns one of these to get 100% certainty.

[@alexdrockhound9497]

he does mention this in the video, an XRF, it means xray fluorescence spectroscopy.

[@shiruba2004]

@@alexdrockhound9497 yes, but they definitely only scan the surface. X-rays can't make it through much metal. (If they did, then they wouldn't be very useful as nothing would be reflected for X-ray photos)

[@alexdrockhound9497]

@@shiruba2004 You'd be surprised how far they can penetrate. I'm a mining engineer, I use XRF all the time on ore samples. We expect up to 10mm of penetration in our rock samples we test with our XRF. I know metal is more dense, but it will still be able to easily penetrate any plated coating on the metal. I suspect an XRF should be able to penetrate at least 1mm into a gold bar. Maybe 2mm, just based on their difference in specific gravity.

[@alexdrockhound9497]

@@shiruba2004 The big issue with XRF is the calibration and software one uses. If one isnt extremely familiar with how XRF work and their specific machine, they may get bad results claiming gold as tungsten or tungsten as gold. XRF have a hard time differentiating between the two metals. You need to be running a software package that can distinguish the two. A lot of gold mines just never have an XRF on site at all because of issues like this.

[@exiledmonastic4650]

@@alexdrockhound9497 The one he mentions and shows is one that only scans the surface, i was talking about one of those boxes where you put it in and it scans the entirety of the sample and not just the surface. but turns out he actually does use one of those to verify this in the second video he uploaded about this bar

[@DragonDplata]

Thanks for the info.

[@moviezaftermidnight6348]

The assay cards just create another expense that never existed before. I like the idea of dissolving gold in aqua regia and precipitating it into a brown powder to keep in a jar. Less likely anybody would be interested in stealing it if they don't even know it is there. I can always melt it when selling it if they prefer. Little plastic plant decoration..

[@damiangarcia8170]

thanks for the tips on verification of gold 😊

[@TalkingBullion]

I did a recent video on a 2014 Libertad (silver) and had the same issue with the standard Sigma. It measured on the scale but was out of the brackets by a few ticks. Very curious. I did 5 other tests on it that all passed and I came to the conclusion that it was real. Maybe the mixture was off a bit or they only had .996 or .997. Not really sure why the standard Sigma didn't work...although I know they are not perfect. They are verifiers, not guaranteers 😀Great video SD.

[@SilverDragons47]

yes indeed verifiers not a guaranteed thing 👍🏽🔥🐉

[@daveadams8023]

Last year I traded all my RMC bars for maples straight trade to a local coin shop. After seeing so many fake 1oz. Bars online I’ve moved away from them and only have gold coins.

[@365DaysofSilver]

Great video!

[@shiruba2004]

So nice and all, but... 1. Specific gravity is effectively the same thing as density, which is what can be fooled by using something with a similar weight like tungston, so... little reason to be sure it is gold then. 2. You can be sure it's real gold by buying it directly from the mint. 3. Usually bars are sold where I live without any sort of packaging to begin with.

[@thesarge4457]

WOW, that is scary Sir, I'm happy for you that it worked out well. Is there a poor's man's way to check Gold? IDK, just asking, I purchase fractional Gold coins, the meters you tested your Gold Bar with are not cheap, but I do purchase from reputable dealers online, hopefully they are not ripping me off and I should still check some how. Really Great Info Video, really appreciated. Thank You Sir.

[@PHUCKyoutube689]

Coins you just ping test. The pocket ping tester is good and paired with an app it is pretty hard to fool and pretty cheap.

[@jpsmith9452]

I’m looking forward to the updated video.

[@ES-mc3cc]

I recently purchased a one-ounce bar from an online precious metal dealer that prides itself on being very low priced. They had a sale on a brand of bars and I purchased one. The bar turned out to have a prominent defect on it. When I contacted the dealer, they acted like this was normal. Long story somewhat short, there was no resolution to this and I will never purchase anything from them again. But buying the defective bar led me to go to a local coin dealer (to ask what could have caused the peculiar defect) and he gave me an education on bars. For one thing, he said that the Chinese have made some kind of spray that they put on the bars they produce so that anyone who tries to test them can't tell that they are fake. No more bars for me, only coins. Thank goodness I only have a few bars (but they are from a more reliable and trustworthy dealer than the one I bought this bar from).

[@charlestisdial1205]

Very, very interesting!

[@SineN0mine3]

Perth Mint bars are serialised, which is far from a perfect system to protect against fraud but it's something. If you buy it directly from them, you can use the serial numbers to get them authenticated when it comes time to sell. This has a limited appeal, but could potentially add value to the bar in a private sale. Unfortunately this isn't fool proof and if you're particularly careful about purchasing gold as most people are it probably doesn't make a difference. I would expect that it's worthwhile on some of the fractional bars since their small value makes having them tested uneconomical. There are also certain serial numbers which are commonly reported as fakes, so if you're able to see the number in photos it can be a quick way of dismissing a fake before you waste time contacting the seller. With larger bars, the ratio of reward to risk is much higher so counterfeiters are more likely to spend time going to extra lengths to make their fakes seem authentic, but with smaller sizes that becomes impractical. The main reason I like them is that you can handle the bars and look at them without worrying about damaging them. I don't expect them to be worth more than spot price to a dealer, but I like knowing they'll still look brand new a long time from now. I don't know about other bars, but I'm quite sure you can have the Perth mint bars tested accurately without removing them from the casing.

[@fuzzjunky]

I live in Perth. going to the mint is awesome.

[@jimmyofthesea1883]

I like assy bars from Perth. They all come with surveyors numbers on them. I only have a few coins, but I'm coming around to them (no pun intended).

[@cobra_joe6237]

Great video - I have some gold bars by PAMP.

[@Dautuvangbac]

I wish i have so much machine to test gold like you.

[@bigidiot123]

Does the value really go down though? JMBullion pays the same for generic 1 oz gold in any condition. Which is basically spot. I always cut mine out of the cards.

[@bigripjames]

Ive been doing acre gold, i received my first bars and it seems cool, what so you think? I'll check ur passed vids

[@shauncorless8965]

It's very easy for forgers to forge the cardboard the metals in ,,if they can forge the metal they can forge the card ,,only buy from reputable dealers 🤔

[@leefury7]

I like bars and I ONLY buy from a major bullion provider who ships Credit Swiss, valcambi or pamp bars. However, their last shipment were their own brand stamped bars, all serialized with certificates of authentication. You HAVE to trust your vendor. Personally, I don't buy local because he's about 40 stop lights away. Ugh.

[@esquared5064]

I've been telling people for years to stay away from bars for this reason. Coins are so much easier to test due to being "raw" and having published specs. I even have a Sigma Verifier. Only exception is if you live in Asia where they have a strong bias to bars. And i always preach that you should not buy "what you like". But instead buy "what your future buyers will likely like".

[@KaliAndy2]

Bars are fine if buy from a reputable company and especially if have receipts. I had never sold any bars before until last week. Sold a couple scottsdale bars at a coin shop and was surprised how easy and quick it was. They were happy to buy it and offered 99.6% of the spot price without haggling.

[@TheLiamis]

I prefer coins, especially britania. The 21 and on britania has good security.

[@KurtOnoIR]

Would your machine normally say thin for a bar of that thickness? Because plating is thin...

[@greggweber9967]

Can one get the Tare Weight from a same thickness of plastic cut to the same dimensions? Get the plastic thickness from where there's only printing and divide by two? That can also be used as a Tare for measuring the thickness in the plastic.

[@ItsEverythingElse]

Agreed. I bought a bar from SDB because of a sale and while I'm sure it's real I may not get even spot when I go to sell. Stick with coins.

[@P8REN]

0:23 It won't go down in value. Gold is gold and that's why there's a global spot price. By taking it out of the assay, you just lessen the likelihood of being able to charge a premium on top of the spot price.

[@eazye519]

Well if you cant charge a premium then it's worth less

[@P8REN]

@@eazye519 Yes, it will be worth the global spot price as a minimum, which is what I said in my comment. But it can't be worth less than spot price (I.e the value of the gold).

[@honestyfirst8835]

Gold has a premium regardless of the package. Take the gold out and test before you buy. You will only sell gold for a premium to individuals. No refinery or coin shop is going to buy your gold with a premium. I deal with two. At the least I get 98% for bullion from refineries or as of late, I get spot price. Silver rounds I get spot price plus $5 premiums for generic rounds and bars.

[@honestyfirst8835]

@@eazye519 Not when you bought gold when it was low. No one is buying gold for $1700 with a premium of $80. Then trying to sell it for $1700. I bought 10 bars in July 2019. $1400. I paid $33 USD to $60 over spot. I sold six this year. Four for $1800, One for $1820 and One last month for $1671. I did not get a premium when I sold. But I made money.

[@honestyfirst8835]

@@P8REN Gold is only worth what you sell it for. Yes there is a spot price. But if you sell it below spot price, then it is worth less than spot when you sell it. However, if you bought the gold for less than the current spot price at which you are selling, plus the premium and are making a profit, then who cares?

[@longisland_stacker631]

Another reason why I only stack gold coins….. way less of a headache and worth the premium

[@BLake71988]

Good topic

[@patriciaannelisedamrow-reg644]

Good presentation. Trust no one, test everything.

[@therealhawkeyeii7888]

The only thing I have in an assay card is a 1 gram Palladium Bar from Valcambi Suisse.

[@hagbard72]

Got a Gold Maple in an assay card five years ago, arrived the card was all warped. Let them know (SGB) and they didn't do anything about it. Have always wondered if the entire thing was fake. Haven't bought anything from them since. Also got a JM 1oz gold bar in plastic (not assay), from a local dealer ten years ago, has a serial number but the rear of the bar is bare. Never seen one like that which puts it on my questionable list. Don't think anyone around here has a Sigma machine to test it with.

[@dellrugby]

Liked and subbed Good vid

[@yf222000]

I have tried to bend a 1oz bar from Argo and Valcambi. To my surprise. It’s not easy to bend it by using fingers. I even put it in between the door frame and door and it took quite a bit of force to bend it. I got it from SD Bullion, so I don’t think they sells fake gold plated tungsten bars. Anyone has any different experience with trying to bend it?

[@goldbearbunny4787]

Great advice I agree stick with gold that can be more recognized

[@locksporter]

All these tests you’re doing should be done on the gold article outside it’s packaging. Even using an xrf. No point if it’s got it’s packaging. Accuracy is still uncertain.

[@calebfast8088]

I'm with you--gold coins all the way. I do them for recognizability AND tax purposes. Why taxes? Well, I plan on selling my metals. Buy and sell, depending on market conditions. I know that's not the norm, but, hey, I'm not the norm. Plus I'm staring a goldmine, so... Yeah, stacking only isn't too helpful in that situation. Hahaha

[@silkroad1201]

Lol

[@jamesrobertson5748]

the thing is as for us who do not own the machines you have is there a cheaper way to test for real gold?

[@oldarkie3880]

I began buying this year At first I was told to buy bars because of lower premium but then I found that it would be hard to sell. I am selling my bars ack to the dealer but it is very slow on their end.

[@geigertec5921]

There's probably tungsten rods inside that bar, that's a common trick they do in Chinese black market. They hollow out the bar and put tungsten rods inside.

[@mikaelhenriksen5854]

You know if its possible to test 96,5 purity on the sigma pro.? Cause i trade gold bars from Thailand, - 23k is the norm here. Cant find any information on it.

[@basher2209]

How much is the machine at 6:30? My local pawn shop put each silver round I purchased on the same machine before they gave it to me which I thought was pretty cool.

[@SilverDragons47]

they used to be much more reasonable now they are $800-$1000 from what i’ve seen. 🔥🐉 if you want to buy one use the link I have in the video description for a discount

[@go4it764]

The company was fined sued multiple times for threatening customers who posted negative reviews. The government has taken action against them

[@coctailer]

Doesnt the XRF measure all the way through?

[@ralphemerson497]

Where are you buying these Assays? Does buying from the higher premium companies, like APMEX, ensure you are getting true products?

[@butch907]

Excellent Vid Great Education ,Cheers me subbing

[@davestruble1728]

My local coin shop said they don't ike seeing pamp or Perth. They said because they are so popular they are faked alot. So he pays under spot for them if at all. On the other hand he said he liked my Geiger bar and would pay spot for that any day

[@MWinters777]

Just curious, why you left out Royal Canadian Mint bars but mentioned Perth Mint?

[@honestyfirst8835]

I would not take to much of what this guy says to heart. After the first 13 seconds I stopped listening. Always take your gold out and test it before you buy it. That is foolishness. No refinery cares about name brands of gold. The market value and karat are all they care about. Same with silver rounds and coins. Generic silver will net you more money in the long run over time. Use a budget of $2500 You buy today at spot price. $21.66 Generic silver will cost you $5 over spot. Eagles will cost you $9. You can only by 93 rounds of generic. And only 81 Eagles. Now do the math if silver reaches $50 and you want to sell. 93x50 plus premiums 81x50 plus premiums Do the math. Watch a guy called Silver Seeker. He knows more than this guy here.

[@tryolegend]

the cards are flimsy sometimes though, mine the back is has already fallen out and i have to put in another plastic ziplock bag

[@eliasmailosson9547]

Seeing many pamps but not sure if it’s worth the risk

[@ClashixTV]

Definitely not buy from a reputable bullion dealer or mint of your country.

[@GD-qn7xo]

The price of coins is affected by factors other that the amount of gold and are generally more expensive as they reflect the subjective value as a collector item rather than just the pure gold weight

[@750SonyP]

Measure the electrical impedance of a coil with the bar or coin inside. Compare the readings to a identical you know is good.

[@masonjc8597]

I take all my bars out the cards I’ve sold loads of gold and it hasn’t mattered that it isn’t in the assay card. All dealers will test the bars either way they definitely don’t rely on those assay cards to prove authenticity. Admittedly if you’ve got a rare bar or a collectible bar it’s best to leave in the assay

[@lostepic5641]

I also always get them out of the blisters and never have a problem with reputable dealers. Were previously always purchased at the current daily rate on the website. When I was once with a small gold buyer who buys something like dental gold or jewelry from private individuals, he actually tried to persuade me that they can only buy it as scrap gold because I opened the essay card. As I then told him that he could forget about that and that I would look for someone else, he wanted to negotiate again 🤣

[@onehungrypanda316]

@@lostepic5641 ohh he had a sudden change of heart? lol

[@lovelylady4229]

Can I borrow your Sigma Pro? 🤣 Thank you for the video🙏🏽💙

[@MrPillowStudios]

Always make sure you buy from trusted dealers.

[@dang328]

7:39 so they paid 16k for a tool that gets fooled by plating?

[@nathanr.494]

if it were me. I wouldn't buy assay, but proven bars from a lcs right in front of me after testing. makes me wonder why these companies don't put security features right on to the bar itself though. I know some do, but it is not often.

[@elcheekoful]

What's some good proven bars you'd recommend? I'm a big Fan of APMEX

[@josesolorio821]

Awesome

[@juliancooney68]

Hi, just about to get into stacking gold. I’m based in the UK, which are the best coins to buy? Is it best to stick with 1oz coins or is half oz coins ok to go for ? You thanks in advance for any help

[@honestyfirst8835]

Listen, you need to understand gold coins are considered monetary instruments. I.e. currency. While traveling they would need to be declared as such. I think the UK is $10K in possession at most. Gold bullion is not a monetary instrument. However, they still want you to declare it. Now, you need to look at bullion in bars. All of it is only in 24K. But stick to ounces at a minimum. Depending on your money flow of course. You could by grams if necessary. But buy. Right now, I would push hard to find silver rounds or bars. But do not get fooled with the Eagle and Buffalo coins. The premiums are too high. When it comes to selling, you will make less because you buy less. Use a budget of $2500 You buy today at spot price. $21.66 Generic silver will cost you $5 over spot. Eagles will cost you $9. You can only buy 93 rounds of generic. And only 81 Eagles. Now do the math if silver reaches $50 and you want to sell. 93x50= $4650 plus premiums 93 x $5= $465 Total $5115 81x50= $4050 plus premiums 81x $9= $729 Total $4779 Stick to generics. Refineries do not care about names on gold or silver. They care about the weight and karat for gold. Weight and percentage for silver. You should follow a guy called silver seeker. You will learn more there.

[@J1122]

you should buy bars dude

[@herbertvonsauerkrautunterh2513]

I duck with Perth mint stuff. All the specs are on the website and they are here in Australia so shipping is easier for me.. plus their product is just way better

[@jamesrobertson5748]

answered my questions about gold

[@CaptainCurt07]

*What about 1oz gold bars from “bought from APMX “ Switzerland with MINT ID chip that’s inside package, if u open it, then chip says tampered*

[@2fathomsdeeper]

A Sigma is my next purchase! Will be getting the bridge for 100 oz bars too. I did a massive silver buy under spot/face value ($10K+ in Constitutional, 1000 oz in bullion, and 200 oz gold for $2K!). The Constitutional came with about 10% being counterfeit. So, I'm testing everything! For $3400 in dollars, $300 in either brass or steel fakes were found. Haven't found any bad ones yet in the halves. The dimes concern me, as there's way too many bright uncirculated Mercury dimes in there to be real. Don't yet know about the 1 oz gold Krugerrands I found buried in the dimes, or the 100 oz bars I got in the deal. At least this deal has brought my cost average to 20% of face on the Constitutional, and about $4 per ounce on the silver bullion side.

[@LuchadorMasque]

Gold is always so tiny in my budget atm. At what point do I transition from silver to gold? I think I've seen 1/10 fractional that are little shamrock rounds, would those be more advantageous then 5oz silver bars?

[@andrewsmith8715]

Transition when your silver starts to take up to much space. I still buy silver mostly super rare numismatic stuff but gold is much better. It doesn't tarnish and you can have tens of thousands of dollars in your pocket good luck doing that with silver.

[@danielrozmiarek9303]

You transition when the G/S ratio drops below 70. Then you find a local dealer who will trade your silver for their gold. That's my plan. I've got about 650 oz in silver--most of that is 100 oz and 1 kilo in .9999 silver. I bought most of my silver when the ratio was over 85, so when it drops below 70, I'll trade my silver and get about 20% more gold than if I had bought gold originally--with no out of pocket cash for the gold. But with gold's recent dips below $1650/oz, I did buy some 1/4 oz gold coins.

[@mtsaz100]

the problem with 1/10 are the premiums are so incredibly high that you are paying over 2000 oz if you buy 10 of them. When you go to sell them they rarely pay you anywhere near that premium---they will pay spot or a little above. I would keep buying gold/silver or platinum with the LOWEST premium----from a trusted dealer and as your budget situation changes, you can buy more expensive stuff. Kruggerands have typically had a little lower premium, as have gold bars- but all premiums are high. Good luck!--I hope this helps.

[@LuchadorMasque]

@@mtsaz100 so then silver until I can afford 1oz gold rounds?

[@bobspizza7444]

@@LuchadorMasque yep