How to test for fake gold or silver using a rare earth magnet.steemCreated with Sketch.

in #money7 years ago

Hey everyone.

The world we live in is awash with scammers and counterfeiters wanting to relieve you of your hard earned money. They have been around since the dawn of time and there is nothing to suggest they will disappear in the future.

They eagerly lie in wait to ply there "skill" on the unsuspecting and uninformed.

Since it is becoming more and more obvious that we all need to protect the purchasing power of our hard earned money and with the knowledge that our governments are not going to protect our money or help us out, it is necessary to take action ourselves.

Investing, be it in crypto's, precious metals or stocks, to make our money work for us is one of the only options available to the average person.

Gold and silver.jpeg

Physical gold and silver is possibly the least risky, since it has an exceptional track record of protecting purchasing power over the long term, has never and will never go to zero in value, has been around for thousands of years, has been used as money many many times and is a well known store of value.

Physical gold and silver, unfortunately, can be counterfeited. We don't want you to get scammed so have published some educational videos to show you how to detect most poor to average quality fake gold and silver coins or bars. These tests aren't difficult to conduct, won't cost you a fortune for fancy equipment or tools and anyone can do them.

Don't get caught out by scammers and please resteem and upvote if you know this will be helpful to others.

DISCLAIMER

Nothing in this post is for investment advice. Please consult registered professionals for this.

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Glad you found it useful.

yeah, I want to pick up a rare earth magnet sometime... on my list of things to do

Just don't let them pick up your silver or gold.