nightmare: unknown fake gold worst nightmare: knowing your gold is fake after 20 years of stacking.

@nandocastiglione9742

3 жыл бұрын

Still less fake than fiat

@MyGoldNZ

3 жыл бұрын

Buy only from authorised distributors with a track record and test after buying.

@Hoopla-beats

2 жыл бұрын

@@MyGoldNZ do u have any websites that u recommend purchasing the bars from?

@MyGoldNZ

2 жыл бұрын

@@Hoopla-beats yes our site, if you are local. 😊

@Hoopla-beats

2 жыл бұрын

@@MyGoldNZ damn unfortunately I’m in the US 😔

Moral of the story. Don’t buy gold off eBay

Excellent video!!!! I learn alot about gold thank you!!!! I Enjoyed learning from your videos thank you for making them it is greatly appreciated!!!

Seems that the thickness is one of the fastest and most visual ways to tell.

@TheMrGREENRay

2 жыл бұрын

4:00 looks like the only really great method for ALL ingots and coins. 4:43 is not bad too., but not like 4:00

I use JM bullion. Their customer service is fantastic. They do charge a little higher premium than some others. But, I’ve never had an issue with a fake product.

@MyGoldNZ

Жыл бұрын

Buy from reputable and authorised distributors only. 👍🏻

@lucyyang3667

Жыл бұрын

Do you have a website?

That's just great. I can see this becoming a bigger and bigger problem, too.

Awesome. Thank you for the info. I appreciate it. I’m going to buy the first machine. That’s pretty good.

After discovering I bought 4 fake gold bars I invested in a Sigma Metalystics precious metal verifier. I use it every time I buy gold or silver. And I've figured out what to do with the fake stuff... Make a "bait safe". Once installed if I get broken into they can find that safe, break it open and steal the fake stuff.

@LarsLarsen77

2 жыл бұрын

A safe is outdated tech anyway. Ever since the angle grinder was invented, no safe can survive more than about 20 minutes. You're better off just finding a better hiding place to slow people down.

@Heartadia

2 жыл бұрын

@@LarsLarsen77 Soiled underwears.

@ladybugroyal5264

Жыл бұрын

🤭🙃😁😆🤣😅😂😭💀🤘🤟👍✌️💨

@G-host0069

Жыл бұрын

Don’t bury it, I’ll get my metal detector out

@gblargg

Жыл бұрын

Even with a Sigma you have to unpackage the gold to check its weight and dimensions.

Hi where can I find the testing machines. Are they portable? Please share machine names specs

i'm interested in the gold screen box but i cannot find it on the website. Are they still offered? I live in the US.

In ancient times the king sought out Archimedes to determine if the crown was lead or gold. He put the crown in water to determine volume and used density and mass. This is an old problem getting ripped off.

@Toob41

Жыл бұрын

Eureka! 😆

A cheaper authenticity verification tool would be a caliper and an Ultrasonic Thickness Meter. Measure the physical dimensions with the caliper and then verify that with the UTM readings set to measure Ag, Au , Pd, Pt or any metals. It's very useful for big bars and thin coins. Best to probe at many different spots on the SIDES, to look for foreign base metals ie Tungsten/lead. If it's fakes such as in video, it would flag it out in seconds. I think an UTM is the best verification tool as it measures the full depth of the metal, checking for fake metal inserts.

@MyGoldNZ

3 жыл бұрын

We did a video on ultrasound testing... 😊 it's usually best applied for bigger bars it's also a lot slower than this method in our experience 🦬🚀 Thanks for your comment - nice to have experienced contributions! 👍🏻

@ptaeiy

3 жыл бұрын

@@MyGoldNZ Yes. I saw that video too. Yes it's slower, but best method for pure .999 metal testing, The biggest plus is that its the best uncompromised testing method for ,metal properties and yet the cheapest. It's a good tool for an average stacker that test sparingly.

@MyGoldNZ

3 жыл бұрын

@@ptaeiy actually fire assay is the best method and I'd never suggest anyone use any one method to test precious metals. Need at least two, ideally three because it's possible to fool tests on individual aspects.

@ptaeiy

3 жыл бұрын

@@MyGoldNZ Can't argue with a fire assay, but a UTM is still the best option for non-destructive test to an average (poor) precious stacker. I agree at least 2 verification tests. Density + ultrasonic testing should bring peace of mind to average joe. However, do you know how a forger could manipulate the celerity of a metal through alloying or otherwise?

@svengieszler3317

Жыл бұрын

@@MyGoldNZ ,, Osmium '' Rarest precious metal on Earth

Question: I have 2 pamp one oz bars. In one package the bar shakes (from Costco) and the other bar doesn't move in the package (local coin dealer) at all. Does anyone know if its suppose to move or not?

Basic density tests combined wit XRF and Eddy Current and ultrasonic conductance tests will differentiate real vs fake. You can use XRF and eddy current tests right through the package. Eddy current is especially good since tungsten alloys are extremely resistive and gold is very conductive. A heavy plating will defeat XRF though.

@MyGoldNZ

Жыл бұрын

Correct. Always use several methods to test. 👍🏻

@bobcarter4763

7 ай бұрын

@@MyGoldNZ what if someone composed a lead alloy plated with gold with the same density as gold how would you be able to detect it? The ping test is just not definitive enough for me and as stated a heavy plate will defeat eddy current test.

Excellent work!

Thanks for your sharing.❤

Is there a silver stream box for checking silver coins bars etc

Good intel. That gold tester is neat. Where did you say i can get one? Thanks

@MyGoldNZ

11 ай бұрын

Thanks! Yes, we sell the testing devices but we are not exporting to the US sorry.

I only purchase my Gold in person from a reputable dealer and never ever online. For me its just not worth the risk.

@TheMrGREENRay

2 жыл бұрын

It's more about future buyer of your ingot. Even if you return it to the same seller where you bought it. They will use this: 4:00. And it can affect the purchase price.

@justlooking...2412

2 жыл бұрын

I'm the opposite. I'll only buy my gold online from one of the major dealers. SD Bullion is my main place. I trust them more than I trust some guy in a shop. That guy in the shop is more likely to be fooled or make mistakes than SD Bullion. I've seen videos of these cheap machines test fake gold as real and real gold as fake. SD Bullion gets their gold from the mint and the mint gets their gold from the mines and it's tested many times with higher quality machines. Some old guy in a shop can easily have fake gold slip by and sell it on accident. And if you accidentally buy a fake gold piece, he will deny that he sold it to you. He will never own up to that type of mistake.

@mathiaskanuck6759

Жыл бұрын

My gold dealer sells to Floyd Mayweather and Trax NYC. They've never done me wrong so far

@thatchinaboi1

Жыл бұрын

Buying gold in person from a reputable dealer doesn't guarantee you won't get ripped off. You still need to know how to check for yourself. Appealing to the authority of others when you can just appeal to knowledge that you can easily learn yourself is a recipe for getting ripped off.

@urbugnmetoday3183

Жыл бұрын

@@thatchinaboi1 if you deal with a reputable dealer , someone you trust, you know they are doing their due diligence…

VERY NICE VIDEO MY FRIEND!!! lots of good info on here. Gotta watch out for coun terfeit and fake gold bars. best thing is XRAY test like you got

@MyGoldNZ

5 ай бұрын

XRF is only one test. You need to do multiple tests to confirm authenticity.

I want to buy a thorough one time machine to check on small and big bars any suggestions?

Any idea about gold coins sold at MMTC PAMP?..Pl advice

Also just to mention if you buy gold buy from a reputable company/dealer. This also will insure you are not scammed.

It also looks like the size of the image stamped onto the bar differs as well since one gets closer to the perimeter than the other.

@veritasparadoxum6525

2 ай бұрын

I noticed that as well. I quickly checked mine to see if it matched the real one!

Thanks for the video very interesting.

can you tell me how much price for this machine usa dollar?

Thank you for the information.

Love it. Tq so much .

Can I please ask about the app is it free or not on store ?

Does the same go for silver? I assume if you buy from a reputable mint or bank that a cert should accompany? When selling, I also assume you don't allow buyer to take it out back of shop..ie not allow out of your sight?

@MyGoldNZ

Жыл бұрын

Yes, this works for silver coins. Certificates can be easily faked so should not be relied upon.

Only the app is for Apple store? Will you have one for android?

Informative

Wasn't thinking about buying a gold bar but its good to know.

Every little bit of info helps.

I appreciate this well done video. Thanks for saving me $ on my future purchases.

@MyGoldNZ

2 жыл бұрын

Very welcome!

How do you write shapes and text?

Can you put a link to where to buy that smaller tester? Please and thank you

@MyGoldNZ

Жыл бұрын

Sure, please contact us directly through our website for more details.

Very very educated video, could you inform us more detail related to the 2 tools that you use to know the quality of the gold without open the certicard package? Thank you.

@MyGoldNZ

Жыл бұрын

Sure, the 'GoldScreenSensor' which we sell and we will be producing more testing videos soon.

@yeseniaortiz5144

11 ай бұрын

⁠@@MyGoldNZhow much is the gold screen sensor?

Take note! The fake bar on the left on backside at the very bottom says " Certificate Assayer" where as the real one says "Certified Assayer". The signatures on the fake isn't the same either but that signature I seen it on the 100g bar so not sure.

I focused on the thickness of the bar and I spotted right on that 2 bars were fake as you showed :D nevertheless thanks for good tips

Where did you get the small Gold Screen Box??

@MyGoldNZ

4 ай бұрын

We sell this amazing product! mygold.co.nz

There is a magnet test that will work on these bars. Many people don’t know this but gold is diamagnet. This means it interacts with magnetic fields in the exact opposite way to common ferromagnetic materials. Both the north and the south poles of the magnet will REPEL real gold. The effect is very weak though so care must be taken if you want to observe it. Hang the gold from a long string and then slowly bring the magnet to it. You will see the gold is noticeably pushed away by a very tiny but noticeable amount.

@MyGoldNZ

Жыл бұрын

We'd always recommend at least 2 separate kinds of testing methods as they can fool single methods.

@RedShiftedDollar

Жыл бұрын

@@MyGoldNZ Two is not enough if you only use dimensions and weight. Tungsten fakes will pass. You need one more like acoustic ping, bite test for 24k, paramagnetic repulsion, or Eddy current drag. The first two require no tools. The second two are very simple and can be done with a strong magnet. Then visual inspection is always required if you want to catch real gold counterfeits. High grade gold alloy counterfeits like 22 or 23k can be tricky too.

Also on the package the dot after lamp is larger the the dot on the real bar also the D on the signature on back is different

does the machines work on jewelries too ??

nice material, thanks; but what is the approx cost of those testers?

@MrTruckerf

2 жыл бұрын

I googled them and......they ain't cheap.

Excellence I would have never known

where can I purchase the gold screen box tester? Thx!!!

@MyGoldNZ

Жыл бұрын

If you are in Australasia, please contact us directly via our website.

Only buy from a reputable dealer.. Very simple advice... And common sense

I have 2 1oz credit suisse and dimensions are different? Is one of them fake?

@MrTruckerf

2 жыл бұрын

I think you already know the sad truth.

Great info.

@MyGoldNZ

Жыл бұрын

Glad it was helpful!

Wow thanks for this!

@MyGoldNZ

Жыл бұрын

No problem!

link to purchase the gold tester? Ship to Canada?

@MyGoldNZ

Жыл бұрын

We do not ship to Canada at this time sorry.

Where do I buy the hand held tool he used. I can't find it on the web site he said it was on. The bigger machines are extremely expensive BUT, so us buying fake gold and stacking it for years. That tool looks to be almost a "Must have" item if you want to buy gold online. I'm still new to all this, so I'm very open to suggestions if there's a better tool that likes the tool he used in the video but a little cheaper. Thank you for this video btw. Very informative 🤘😎✌️

@MyGoldNZ

Жыл бұрын

Thanks. If you are in Asia-Pacific we are happy to sell you the testing device shown. Unfortunately we are unable to export to the USA at this time.

I noticed something on the printing that also was different to the real packaging. The ® symbol (registered) was in a thicker font on the fakes.

@pauls5096

2 жыл бұрын

Good eye.

@UTArch1

Жыл бұрын

So, what if you don't have a "genuine" product to compare it with side by side.

I'm a bit confused. How does this help you when buying via internet shopping, or did I miss the point somewhere?

@petervossos4816

Жыл бұрын

No do not buy from the internet only buy from a reputable bullion company. Go there in person.

May I know what the different between PAMP suisse lady fortuna gold bar and PAMP suisse gold cast bar? Why their price is different?

@bitcoinhalving5285

Жыл бұрын

different premiums for bars with design, regular bullion bars have lower premiums

thank you sir

How do I get a gold screen box ?

I want to buy a fake same bar tell me where i can get one same copy

Thank you i did not know that.🤔

They’d work great in a decoy safe tho!

I bought 8 oz for 1680 an once and when gold hit 2000 last summer I sold 4 back to the same local coin shop I purchased them from. I made the profit and a few days later they called me and said 2 of them were fake. I had the receipt with pictures of the day I purchased them. The employee who bought them back basically threatened me physically and I made a deal with her to return the profit but not the principal I paid for the bars. Now I have 4 more bars that are questionable and lost a long time relationship with my local coin shop...what can I do

@MyGoldNZ

5 ай бұрын

Wow! That's an awful situation. Perhaps report them to your local Police or other agency for selling counterfeit goods. Depending where you are, that could be quite a serious situation for your LCS.

@minnieuhlmann9210

Ай бұрын

but you bought from them? How did they sell the fake one at the first start?

Reminds me of when I became an expert on counterfeit Montblanc pens after I got ripped off.

Even the crown looks different I mean if you know what your buying the thickness and the crown are 2 obvious ways to spot and scratches

XRF (X-ray fluorescence) is an excellent tool as it does elemental analysis telling you exactly what the imposition is. at least on or near the surface. From what I've seen the equipment is cost-prohibitive for the average person (In the $20,000 range) and the user / owner may need special licensing / certification as it is an X-ray (ionizing radiation) source. Checking dimensions to estimate density is a simple check but the counterfeiters will use tungsten which has the same density of gold to cheat this. The electrical testers (such as Metalytics) check the conductivity of the sample; these are much more affordable (several hundred dollars) and can measure deep into a sample.

@christopherleubner6633

Жыл бұрын

Yup XRF units are spendy but you can get used ones and fix them up. Older ones use nuclear sources like radioactive cadmium in them that needs periodic replacement. Newer ones use a mini x ray tube and a filter that cuts out the low energy band of x rays. They do have one major flaw though, they only scan skin deep. A while back i had a crapton of gold plated laser diode mounting blanks and the xrf said it was Au 96% and Si 4% which was only accurate for the top plating. In reality it had Cu65/W35 for the mount, a Ni layer a Cu layer an Ag20/Au80 layer and the final Au/Si layer. 🤓

Very nice

@MyGoldNZ

3 жыл бұрын

Thanks

Thank you for this video! I've ALWAYS wanted some PAMP gold bars since I saw them on Ebay, but I didn't want to chance it being a fake. With that said, I'll got to a reputable dealer so that I KNOW it's real!

@MyGoldNZ

Жыл бұрын

Good man! 🙌🏻

@ryanmrowka8970

5 ай бұрын

Always negotiate a price for a buy back at the time of purchase

Hi Rich Could I buy from you as I live in Scotland?

@MyGoldNZ

3 жыл бұрын

Please contact us via our website for more information.

Also, the Lady on the fake bar had a complete different profile. That was the first thing I noticed.

Do you know where can buy real gold in London?

Well, that was a very instructive video. Kind of turns me off the idea of buying gold. 😁😅

Can you do please Degussa Edition Fake Vs. Real?

Biggest tell is the design of the figure on the fake bar. It's different from the one on the real bar. You can tell by comparing the figure on the fake bar to the figure on its own packaging, which still has the design of the real bar.

@MyGoldNZ

2 жыл бұрын

Then what as the fakes get so good the minting is comparable? That's why at least two methods are required to test gold. 👍🏻

@HappyHermitt

Жыл бұрын

You would need a real one, same size/weight yo compare it with. Especially for someone just starting

@harryukraine

5 ай бұрын

Yes, it's easy to spot and I'm just learning. about it.

And that's the reason I've switched to coins. There's so many non destructive ways to test them (not being in card etc.) that making a fake coin pass all tests the only way to make it is to make a 100% replica - which for bullion is nowhere near as bad as a non precious coin - neither is very common either as there's no business in it for counterfeiters although in history there has been states copying bullion coins in order to sell their embargoed gold. Tungsten Krugerrand you say! Well... It can't even pass the ping test so while weight and diameter can certainly be correct it's easily identified as fake. There's one benefit over bars though and that is most of them have serial numbers where as coins do not. Whether you like that or not is ofcourse dependent on personal belief as well as where in the world you are as some countries have bad tendencies. Here round "bars" or just serialized coins could be a nice if such is made - I mean even banknotes have serial numbers. Also in the case of theft the stolen goods is easily registered in the theft register - nobody looks up unserialized coins - nor does it seldom give meaningful results. Sur metal can be melted but it's something you need to get the equipment for and if selling much melted presious metals then you might as well attract unwanted attention.

@PemadamGergasi

Жыл бұрын

Can you explain how to test 24k and 22k gold

Great content. New subscriber

@MyGoldNZ

2 жыл бұрын

Welcome aboard!

Супер информация для Коллекционеров ,нумизматов.

3:20 how much machine like that cost ?

Which website do you recommend to buy real gold?

@MyGoldNZ

2 жыл бұрын

Our website.

@TheMrGREENRay

2 жыл бұрын

huge bank

Does Apmex sell genuine Pamp bars?

I understand counterfeiters will use tungsten as a core then put a coating of pure gold around the core - the weight of tungsten is very close to gold - will machines detect this?

@MyGoldNZ

Жыл бұрын

Correct. This machine will detect most products with tungsten cores.

U can tell right away but how close the lady is to the outer edges of the bar she way closer to the edge then the real bar the real bar has some space and the numbers and letters are way more bulky and with the real one there more refined and perfect same thing with the trademark sign it’s smaller on the real one as well

ive got a lot of melted gold jewellery. likely (hopefully) all 9ct. maybe 90 grams or so. you would be able to tell me from your fancy machine the carat wouldnt you? Im also in Auckland

@MyGoldNZ

Жыл бұрын

Nope. You'd need an XRF for that. Why is it melted and are you selling?

hi do you have a branch in the Philippines?

@MyGoldNZ

Жыл бұрын

No, sorry.

Oh crap. I just sold my house for 20 gold bars. Dang it. Third time I've done it.

Do they ship GoldScreenSensor to US?

@MyGoldNZ

7 ай бұрын

No, we do not sorry.

I like Archimedes’ method from 212 BC.

What about weighing the bar and the displaced water; it worked for Archimedes.

@MyGoldNZ

Жыл бұрын

Yes, but these bars are in packets. The density of tungsten is quite close to that of gold as well.

What's the background music name?

@MyGoldNZ

Жыл бұрын

It's a royalty-free music track. If you search Google you can find quite a few sites that offer copyright free music for use in your projects 👍🏻

Excellent video but I’d only buy form a well known bullion dealer who has a reputation to protect and a track history. I buy nothing off eBay not even a mop

@MyGoldNZ

2 жыл бұрын

Correct. Important to buy only from official authorized distributors. 👍🏻

@petervossos4816

Жыл бұрын

Me too! I go to Bunnings and I check my mop too!!!

thx

It pays to buy your metals from reputable bullion companies. There are 3 here in the U.S. that I trust. I would never, ever buy precious metals from E-bay, or any other unknown site or from a dealer I have no knowledge of!

@MyGoldNZ

Жыл бұрын

Agree. Buy from authorized distributors only.

Density= mass/volume use that formula

Where to Buy?

@MyGoldNZ

Жыл бұрын

If you are in Asia Pacific, please contact us via our website.

Ebay is absolutely full of these, it's also full of fake Silver Bars. You would think they would get a grip of it.

@MyGoldNZ

2 жыл бұрын

💯 Only buy from authorized distributors that have supply provenance (chain of supply directly from the mints).

A little bit surprised you didn't advise weighing the bar, often but not always they get the weight wrong.

@MyGoldNZ

Жыл бұрын

That would be not too helpful, given the packet-weight would throw any weighing. It the fake is copper-filled, then a simple measurement test would easily detect the fake.

Nice man. I just scanned my 10 grams and it passed! Do I still need to take it to gold store to test it? Or the scanner is enough?

@rehanrafiqi1546

2 жыл бұрын

Which App is for scanning the gold bars? Can you plz mention the name

@exp3905

2 жыл бұрын

@@rehanrafiqi1546 VERISCAN

@rehanrafiqi1546

2 жыл бұрын

@@exp3905 thanks I did But it shows unauthentic, and it says the bar is not registered with VERISCAN 🤔

@khajagold

2 жыл бұрын

hai

@9mmshort254

2 жыл бұрын

@@khajagold hi

where the heck do you find a "gold screen box" ?

There's more fine details on the fake bar, which seems really strange to me- maybe so that the assumption that the detailed one must be the real one traps more people

Is a Sigma Metalytics Verifier machine an XRF machine???

@MyGoldNZ

Жыл бұрын

We are not sure sorry. XRF stands for X-ray fluorescence and is typically only seen in more advanced testing equipment.

Excellent video. Music was distracting though.

@MyGoldNZ

9 ай бұрын

🤘🏻