Mike - it's the same old adage "if it looks too good to be true, it probably isn't" People who buy gold on E-Bay from sellers in China "because it's much less than buying gold from a reputable dealer" almost deserve to get ripped off. Almost, but no one deserves to get ripped off. Greed comes in all shapes and sizes. An important thing is to spend time learning as much as you can before buying. I spent about a month watching, listening and reading before I made my first small silver purchase - and now I'm doing the same for gold. I can't tell you how happy I am that people like you post these videos as a public service so people like me don't buy a fugazi - thank you!

The number 1 thing is to deal only with reputable dealers

I’m Swiss and i can assure you no Valcambi or any other bullion minted in Switzerland ever has the statement ‘unmistakably Swiss” written on the packaging, that alone is a red light that something is not correct.

@slappy8941

4 жыл бұрын

"It's really Swiss, we swear it! Would we lie to you?"

@TheMagicToyChest

4 жыл бұрын

You're right. It should say "unmistakably Israeli" !!!

@Edfiki86

3 жыл бұрын

oy vey

Would have been nice to see a "ping" test with genuine gold, to compare sounds.

@english_albanian_translator

5 жыл бұрын

Exactly my thoughts!

@hugostiglitz4215

5 жыл бұрын

I can't rely on the ping test even for silver coins because if you ever try to get a ping from a Canadian maple leaf 1 oz round, it sounds like a dud every time.

@hugostiglitz4215

5 жыл бұрын

Different coins have different geometry and higher relief or raised insignia, that is going to cause the ping to sound different. 90% Morgan's and Peace dollars should always have that 3 second perfect pinnnnnnnnnng. The sound of the ping should be absolutely the same. Even for Walking liberty and Franklin And Kennedy half dollars, they should have the same exact ping sound

@kimroberson8376

5 жыл бұрын

Yeah like everyone has a 45,000 dollar bar lying around. ......😤😤

@hugostiglitz4215

5 жыл бұрын

@@kimroberson8376 I always keep one in my back pocket ;)

Two (2) things: First, I wished that you had done the "ping" test with the true gold. I really wanted to hear the difference. Second, I wished that you had held the meter so I couldld have seen it better or read the numbers out loud. Anyway, thanks for the video. The information was very valuable to me.

ALWAYS buy gold bars and bullion either directly from an official government mint or from a reputable gold bullion dealer. NEVER buy off sellers on eBay.

@jeffw1267

6 жыл бұрын

There are legitimate sellers on EBay who have no interest in cheating people. But I'd still buy a non-encapsulated bar or coin so I could test it.

@shabazz7776

5 жыл бұрын

Never buy from sellers on eBay.

@hugostiglitz4215

5 жыл бұрын

Yeah but I've seen fake gold come from apmex from pamp Suisse. the best way to tell if gold is real or not is to get a sigma metalytics machine which will cost you about $500, if you're buying gold you can certainly afford one. it sends radio waves through the metals to detect whether it's real silver gold Palladium or platinum and its purity

@Bobcat1438

4 жыл бұрын

I mostly avoid buying gold from eBay, but I may however occasionally buy a 1/10th oz proof gold coin off a reputable eBay seller.

@jamesanagnos6123

4 жыл бұрын

The only real mint is the US Mint. any other Mint advertised on TV with coins for sale is not in any way related to the government, they only use the word Mint to fool you like that fake bar of gold ,they are privet company's not government

Excellent video! Very clear and easy to understand.

I just made a video about Fakes! People need to be made aware! Thanks MH, we need more videos like this!

The best way to spot a fake is to first know what a real one looks like.

@nelzelpher2088

4 жыл бұрын

Lol, the combination of your name and profile pic is perfect

@vinceco6299

3 жыл бұрын

If you don’t know what 24k gold looks like you shouldn’t be in the market 😂

@patriley8750

3 жыл бұрын

Have a real one to co.pare to.

@kohaku1821

3 жыл бұрын

@@patriley8750 Yeah but it still has a bit of blood on it.

@TheChildDevourer

2 жыл бұрын

But how can you know what is real?

There is one more thing I forgot to mention. The real Scotia Bank 1oz bar doesn't have a serial number on the bar itself. Only the package bares the number, exactly like the fake bar you showed. You can't compare apples and oranges. Not all mints have the same standards when it comes to packaging, securing and marking their products.

@PouchMaster

7 жыл бұрын

He didn`t mention what an acceptable weight is for the real thing either. Is 31.22 grams about right?

@jeanannl3211

5 жыл бұрын

If the serial number matches it can still be a fake.

@MV-bj1yk

4 жыл бұрын

Do a density check on the bar.

@e-curb

4 жыл бұрын

@@PouchMaster .. Push the button on the scale. Then watch to see if it weighs 1.000 troy ounces. I'm a big metric fanboy, but in this case it's pretty stupid to make a judgement on the weight of an ounce by using grams.

@kennywilt4036

4 жыл бұрын

E-Cur

The first thing I noticed was the poor print job on the label.

Thank you for posting this!

in short if it is too big then it means it is not dense enough to be real gold

Settings > Speed x 1.25 (You're welcome)

@gor.rodion

5 жыл бұрын

×2!)

@MarketHarmony

4 жыл бұрын

I'm working on getting better, guys. Thanks for the feedback

@sifiso89

4 жыл бұрын

😁😁😁

@DonnieDouglas

4 жыл бұрын

@@MarketHarmony Does this hurt your viewing hours? For instance, does it matter if we watch at 2X speed or 1X speed if we still watch the whole video? Heard a big part of KZreadrs income opportunity is relative to the number of hours watched per week/mo/yr/etc. Just curious. (I often watch in 2X speed, but never really considered this until now). Thanks for the video!

@MarketHarmony

4 жыл бұрын

@@DonnieDouglas I don't know. Even if it did reduce the revenue, I wouldn't mind. I really just want people to get the information. I did not create the video for the ad revenue (though it doesn't hurt). I wish that there never was a fake ever made so that this video wouldn't have even been possible!

the thickness tells it all

Thank you for this video.

Nice video Mike.. I still have some of your poured silver bars in my collection.

Thank you so much. I just started collecting gold bars and coins. This was very helpful

a simple specific gravity test, given that an el-cheapo scale is available, would do wonders as well.

I wonder how many mugs are sat with bars of tungsten in their safes lmao.

@iJamie8467x

7 жыл бұрын

bxz44 they can be so made when the dealer says that shit is fake after they invested into it 10yrs ago or more

@jsmoncrief

4 жыл бұрын

Kinda like fort Knox?

@frankmclaughlan31

4 жыл бұрын

If got real gold for sale I can proof it for you just sent me your money no fake notes now I sent be 1st class post

Would like to see an density test of actual bar.

This video is what we need great explanations sir very well spoken

hey mike ive alway wanted to get into collecting gold, and im still doing research,and learning. how much does ine of those bars shown on this video go for?

@thegoldhaven5942

6 жыл бұрын

Jose Sanchez - 1oz bars are about $1,280-$1,320 right now. You should start with 1g bars, about $50-$70 each depending on the brand, security features, buy-back option, etc. I prefer Pamp Suisse, UBS Kinebar, Karatbars, and APMEX.

@williamwilson6499

4 жыл бұрын

The Gold Haven 1 gram bars? That’s pretty bad advice...better off saving up the cost of at least a 1 Troy ounce bar. Buying grams would incur a shitload of premium.

I'm still waiting for the adoption certificate for the snow leopard that I adopted.

Hey Mike do you know if they have been counterfeiting smaller sizes of gold marcus 1 grams 2.5 grams 5 graham

Great video but as I’m sure others suggested. Should have did a ping test with actual gold. Still great vid🤗

cool, best regards from Germany! Schmidt, Würzburg

Thank. You. Great. Demonstration

Thank you for helping this. Good to help stackers.

Nice looking Englehard bar. I love the ring of pure gold and silver. I only ever got ripped off by my local dealer. Fake Morgan’s didn’t look right so I weighed them. 2 grams off. They’re losing about $15k a year from me alone . Great video, thanks for your honestly .

@user-lq1dk6gr3p

4 жыл бұрын

What do you mean theyre losing 15k off you a year

@XFizzlepop-Berrytwist

Жыл бұрын

@@user-lq1dk6gr3p He may buy that much in gold or silver a year.

To me, Scotia (the reverse logo)is one of the 7 canadian banks. Its a well known Canadian name... but they say it's swiss :/

Certainly looks real out of the package. Unfortunately, most people won’t take the time to look that carefully and the bar will end up sitting in a safe deposit box for years as other people also get ripped off. So sad there are so many crooks in the world.

Excellent video. Thanks.

at comparing thicknes scene at 5:15 it looks like that the edge pattern is like after laser cut vs. smooth genuine gold.

Thanks... Very informative

thanks for the info 👍

Very educational and nicely presented-thank you!

@Skibbityboo0580

Жыл бұрын

Please buy my cheese, it smells very nice, and it is wart free.

Thanks Mike, however, I would have liked to hear the sound test with a genuine gold bar... ;-)

@jamesanagnos6123

4 жыл бұрын

just flip a gold and silver coin in the air, they both ring like a bell ,other metals wont hold the sound like they do ,you wont forget it

6:46 @Market Harmony, please tell us where we can get that xRF surface test device.

I got my gold bar from my LCD. I got it home and upon close examination I see tiny grayish/black dots that appear to be "chipped" gold plating. I cant really tell because of course the plastic won't move. Everything else looks spot on, but now I am really worried. What would you do? Thank you.

@XFizzlepop-Berrytwist

Жыл бұрын

Did you take it back?

mike, I'm pretty sure that size has nothing to do with it. I had a 1oz credit swiss and a 1oz NTR and the NTR looked much larger than the credit swiss, when I sold them the buyer x rayed them both, they were real. Thoughts?

@MarketHarmony

8 жыл бұрын

+philip lippens Different manufacturers have different sizing specifications. Bars that are longer / wider are going to be thinner than a bar that is shorter / narrow. And a bar that is short / narrow will be thicker. Density never changes, but dimensions can. As long as 2 different 1 oz bars weigh the same and displace the same 3 dimensional volume, then they can be considered to be of the same singular element.

@philiplippens2690

8 жыл бұрын

Richard Driskill Thank you Sir, For your time and the education too. I truly appreciate your help.

@philiplippens2690

8 жыл бұрын

*****​ Thank you Mike.

@search4unknown

8 жыл бұрын

+philip lippens If 1 bar is wider and longer, it MUST be thinner. Gold must have the same density in all 1oz bars. Usually the variations are minute, most 1 oz bars look identical.

@philiplippens2690

8 жыл бұрын

Thank you all, I'm glad I sold them when I did though. I lost about $200.00 on each one, today it is worth even less. I guess it's not for me, I'm to old to buy and wait and I think it's only going lower in the future.

Thank you, very good presentation. One of the best tests is weight. This is why I will never buy any slabbed coins or bars.

I bought a real 1 kilo gold bar in Chinatown for 60 bucks.

@zizo2111

4 жыл бұрын

mach sure it is radioactive

@mohammedbhagat

4 жыл бұрын

You are god.

@hopefilledsinner3911

4 жыл бұрын

You should have bought 5

@c17360

Жыл бұрын

Hahahaha!

Thanks dude 👍😎

so which is easier to fake the bars or the round eagles?

Hello Mike. My name is Kris, I have recently come across some pieces I would like your opinion on, please. Some small gold bars that say Mot Luong 37.5 grams at 24 Karats. How can I trust a dealer, buyer? In terms of the value?

ok good presentation

how much was your xray gun? why not use the precious metals verifier?

I could hear the Pittsburgh in your voice in the first 5 words of your intro. LOL.

Thanks for your video. It is helpful.

did anyone else try to wipe the smudge of their screen at 06:20

@feduskan688

5 жыл бұрын

Lol when I press that I almost did

@charliedee9276

4 жыл бұрын

Lol, I just did.

@philwalker8923

4 жыл бұрын

attack125

If people fall for a call from the IRS...people will always fall for these bars.

@XFizzlepop-Berrytwist

Жыл бұрын

Its a sad thing, that people would knowingly and willingly rip off other people, or steal from others that dont deserve it.

Good Job!!!! Thank You!!!!

Thanks for the video 👍

How do you compare using a different brand? Shouldn't use the same brand?

With nothing to compare it too, it would be tough to tell. Would have been perfect if you had an open gold bar ready to compare properly including the ping test and proper dimensions back to back. Like many counterfeit products it’s so hard to tell without something to compare it to and here very costly mistake to make.

I have a gold AE and want to know they are all real weighs 1.0909, are the fakes able to get the weight down to the 100th of a oz

hi - where can i get a tester like that? i can't find any precious metals detector to let me know it's not counterfeit. i got one and it beeps for ALL METALS (stove, purse, etc.) so it's useless. I need a counterfiet detector that's not too costly for precious metals if anyone can help! thanks

What are thoughts on purchasing precious metals from APMEX?

@jacksinsel8798

4 жыл бұрын

Good company but also try JM Bullion and Provident Metals and Modern Coin Mart all really good legit companies. To be truly safe stay away from 1 troy ounce offers from unknown mints close to the region of China. To many fakes. Find reputable Bullion dealer who buy directly from the Mints. If you live US best to stick with North American coins Gold Eagles or Maple Leafs of course IMO.

@emilysilvia9514

4 жыл бұрын

About buy gold and silver coins company? I heard is number one and jm bullion number two

You can get anything make for you in China.

@CTOInformation

3 жыл бұрын

not chang' e moon project. at least they didnt fake it like the americans.

What is the xrf gadget you used here?

Hello, where can I get on of this THERMO SCIENTIFIC metal analizer that you are using in the video, and what is the price?

@mweskamppp

4 жыл бұрын

Look for portable XRF Analyzers. With Gold analysis (costs extra) you easily pay 10000Dollar maybe 20000.

OK I'm wondering how do you go about buying gold and knowing that your buying real gold and not fake

@steveoxler9774

6 жыл бұрын

buy coins and educate yourself on how they look and feel.

@6:02 I think it passed the ping test. It must be only tungsten that fails the ping test.

@vcool

4 жыл бұрын

If it's tungsten inside, can't that be subject to an electricity test with say a 9v battery? Shouldn't it glow a little?

thank you for makingetting this video & im Very sorry for the unfortunate Experience you've had with this paticular company I Hope you Got Refunded ,god bless

Moving a strong magnet near the surface of diamagnetic materials such as gold, silver, copper, zinc and lead will produce a repulsive force which is easily detected but no so easily calibrated . . . however, it is a quick way to reject a specimen which does not exhibit diamagnetic properties.

Excelent video!!! What kind of machine do you use to do the verification? Can you give me the name or reference please?

@MarketHarmony

5 жыл бұрын

Thermo Scientific NITON XL2

@frankie_66

5 жыл бұрын

Market Harmony thanks my friend!!

@paganphil100

4 жыл бұрын

Son Shells: These are a lot cheaper than XRF analysers and they can test the whole sample, not just the surface, so they can detect fake coins which have a thick plating. They can also test through plastic and / or card coverings. www.sigma-verifiers.com/en/buy/precious-metal-verifier-pro

hi Mike, one more thing they printed a swissflag wrong. Have a look at a real swissflag and see the difference.

What are you doing with counter fit gold?

@zeroswings2

3 жыл бұрын

I know this is old but it's 'counterfeit'...

Where can I get that machine that measures metals? And how much for those?

Is apmex safe to buy from in terms of gold

@iTechSavvyOfficial

4 жыл бұрын

Hugo Stiglitz from what I’ve heard it’s extremely trusted. I just bought some coins from them. I’d for sure buy from them instead of eBay

Nice video. Want me one of those magic wand analyzers but my god are they expensive. Even used they're like $16,000

This makes me wonder, I don't get to flip 1oz gold bars... in my entire life, what does it sound like?

@aliasrehbar9693

8 жыл бұрын

Sadly true

@shakawat112

5 жыл бұрын

He knows the exact gold sound. I saw this test in jeweller shop

Should every silver one ounce bar or any bar in weight have a serial number to be certified as real?

I would have preferred a different colored background for this video

I'm looking to purchase valcambi 2.5 gram gold

they need to add a hard to replicate insignia or logo or something on the gold

Copper is a relatively heavy metal, but nowhere near as dense as gold. What else is in there? Lead? Tungsten?

@unoriginalhazard

4 жыл бұрын

Tungsten

@lagneuk702

4 жыл бұрын

Tungsten costs $1 per ounce, the same density as Gold. The NY Federal Reserve shipped Gold plated Tungsten bars to China and Germany.

@SWTORDREKKIN

Жыл бұрын

Remember, the bar was thicker, taller and wider - so it didn't have to be as dense to weigh more.

I notice that the "troy" is missing on a lot of the fakes as well.

@williamwilson6499

4 жыл бұрын

OniKitsune Real ones don’t always have Troy on them.

question; with a fake bullion or coin that is gold plated (Au = 10% still!)..and a precise weight....does that mean that the acid surface test (scratching a little over a file stone) mistakenly will attest that it is pure gold ?!?!?

Wow & congrats!

what is the name of the instrument that you use to tell the purity of the object in question?

@edwardmackey747

3 жыл бұрын

The one he used in the video I believe is the Thermo Scientific Niton XL2100G General Metal Analyzer - they cost around $1500

Great video, but it just made me laugh when you first do all kinds of amateur tests like looking at shine and flinging it in the air and then whip out that super awesome metal analyzer and run a density test. "yep, that's copper!". Where do you get that thing, and how much does it cost?

@SparkyMcBiff

8 жыл бұрын

+DAIadvisor A handheld xrf analyzer like that is at least $20,000.

@alanfinlayson3274

7 жыл бұрын

CORRECT!!! An xrf analyzer only checks to a depth of around 5 to 8 microns in depth. It does not check the entire core of a gold bar.

@laurenpiontka7767

7 жыл бұрын

Evelyn Craine The company is Thermo Scientific, and you can expect minimum of 5 figures for base cost .

@southernbreeze3278

6 жыл бұрын

You can get a precious metal tester on ebay for like twetny five bucks

@trevorforrester3142

5 жыл бұрын

Hes simply trying to provide you with several different ways of testing. The more ways you have to filter out a fake , the better off you are. I personally welcome any and all methods.... even the ones that seem cheesy.... another way to weed out a fake is using a magnet... not all fakes use a core of brass or copper. Many use mild steel, and or other carbon based metals. Its a dead giveaway if the magnet sticks to the fake bar.

Where was the Fake sold at?

Big thing is that it says 1 ounce, but not 1 ounce TROY.

@xAGRESS0Rx

4 жыл бұрын

Not all of them say Troy ounce even if real.

How much does one of those testers cost?

What is the best place buy gold from

@roccocontini4775

6 жыл бұрын

Bullion Exchanges, so far haven't found a more reliable and cheaper way to buy gold! bullionexchanges.com/buy-gold

@shabazz7776

5 жыл бұрын

Also you can buy directly from some of the mints... Like Scottsdale

@truththe4668

5 жыл бұрын

Me on ebay

Wait, wat? Do all assay card open like that? Or just fakes?

It is going to take determining physical properties of gold by electronic means not by sight only.

If you pretty much know it's fake, you can wrap it in a thin plastic so that it keeps the shape of the bar (make it waterproof) and drop it into a container of water that has a hole on the side (make sure the container is as full as possible). Collect the water that spills out. There should be around 31 milliliters of water that spills out. Gold has a specific density. So it should have the proper weight AND volume. Looks like they tried to get close to the right weight as that's the easiest thing to test. But they failed miserably on the volume. edit: As others have said, there are other metals that has similar density to gold. So it's not full proof. But it gives you something to try that's easy to do. If it doesn't match, it's fake.

Thanks for educating the fake to make it perfect..I think by now u can't really separate the fake and from real

@stewiegriffin6503

4 жыл бұрын

weak argument. gold has high density , so even if they try, they can not match the dimensions (volume) of the real bar

@hopefilledsinner3911

4 жыл бұрын

Tungsten which has the closest weight and density comparison to gold has an extreemly high melt temperature. It's not that easy to make an authentic sized and weighted fake bar.

The ping sounded like copper

i always thought troy ounces is 31.x grams and a regular ounce is only 28 grams. Most gold bullion does not say troy ounces on it so why would it weight 31.x grams?

@patrickkeegan359

4 жыл бұрын

In bullion it’s generally assumed to be Troy ounces

sounds like you got ripped of man

Will that electronic device determine if silver is fake? If so where can I get one.

@MarketHarmony

5 жыл бұрын

Yes it can. Google "Thermo Scientific Niton Precious Metals"

I bought a fake omega watch and before that I was going to buy gold on eBay now I'm not after watching this to much fake shit online gets me so mad well now thank you very much for this video

Hey! At least their was some gold on the fake bar (Plating)

Where is the best place to buy Gold then ? I'm looking at Apmex and most of the 10 gm an 5 gm Gold bar don't have Certificate number on them

@MarketHarmony

6 жыл бұрын

A local coin shop is a good place to start. Just be sure of the person with whom you are dealing. Character and reputation is paramount to a quality dealer.

@goldenbanjo197

6 жыл бұрын

Apmex is good. Buy government issue coins from big dealers and you won’t have to worry about the fakes. Bars are too easy to fake

Thank you sir

That a sure sign how it just pops out