Gold Bars in Assay Cards - THE NIGHTMARE CONTINUES

Рет қаралды 108,635

Жыл бұрын

In this video test a gold bar is assay for the second time! After my first video showing off this carded gold bar in assay I decided to do further testing and here are the results. 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 a few more tests. If you are buying gold bars then I wish you the best with your gold investing journey!
First Video Testing This Gold Bar in Assay:
• Gold Bars in ASSAY - B...
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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
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Пікірлер: 527

@therealhawkeyeii7888 Жыл бұрын

During the depths of the recent lows in gold prices, I bought a one ounce, carded, ASAHI bar. Even though I bought it from a major online bullion dealer (Liberty Coin), all the talk about tungsten fake gold bars in cards had me just a little worried. Contacted Liberty, and they assured me that there was no way they'd sell me a fake (They buy only from authorized suppliers), but that was not enough for me. I took it out of the card, brought it to a local coin shop, and asked them to test it on their Verifier, which they happily did, no charge. When the lady assured me, after the test, that it was 100% real, I felt completely at ease. Now you've put an inkling of doubt back in my mind. Thanks a lot, LOL.

@dandrake337 Жыл бұрын

He’s buying shady stuff from goodness knows where. Reputable dealers with reputable product in reputable brands do not typically have this issue. You shouldn’t take your bars out of the casing, from what I understand… it has the potential to decrease the value. This is all my opinion. I could be wrong.

@TheBooban Жыл бұрын

@@dandrake337 yes, gold without the card is worth less since amateur collectors don’t have the machines to verify gold. And the machines dealers use to verify doesn’t need the gold to be taken out. But better to buy coins. So annoying to have gold you can’t touch and feel...and hug and rub...

@therealhawkeyeii7888 Жыл бұрын

@@TheBooban I was planning on taking it out of the card, anyway, as I can't stand not being able to hold it normally. From what I've heard from dealers, they will not accept a carded bar, anyway, and immediately take them out of their cards to test them before they buy them from any but authorized dealers of the various mints. Little point in keeping them carded, then, since being carded doesn't assure anyone of anything.

@TheBooban Жыл бұрын

@@therealhawkeyeii7888 yes, he said so in the video also, which sounds crazy because they do have machines to verify them, also as seen in the video. But as I said, the card is important for regular folks. But you make a good point. Everyone talks about buying buying buying. Few ever talk about selling. And the reality is, it’s pretty much a sham. It’s such a pain jn the butt to sell, you are beholden to your LCS whatever he wants to charge.

@Chris6815 Жыл бұрын

I also bought a few bars from Liberty Coin. It’s reassuring to hear your story. I just stick with trusted Sellers when buying Gold bars. I have no problems selling them either. I just put them on EBay. I’ve also been selling on EBay for the last 10 years.

@michaelwelschmidt9338 Жыл бұрын

When you buy silver or gold, you get scammed by thinking the artwork has value, be it a coin or jewelry. You need to accept that what you have has only the melt value at spot price. If you paid double for the artwork, you do not recover that premium until the spot price increases.

@Angel-AbC9 Жыл бұрын

Your so right , people get scam by byinh the art but at end that bar is the same price as the next bar as long g as it's the same carrot

@fruitloops3718 Жыл бұрын

Occasionally I will purchase something with a certain design or message because I like it. I know it may be just melt value but I'm not purchasing for the monetary value alone.

@MrThe1234guy Жыл бұрын

Certain coins have a history of selling for more than others. Just look at the American silver eagle. That artwork will score you a nice premium.

@michaelwelschmidt9338 Жыл бұрын

@@MrThe1234guy The premium for the American Silver Eagle is more for universal recognition of a reputable mint. There is higher risk and lower trade value with lesser known and trusted coins, even those that the owner may subjectively find appealing.

@kaasmeester5903 Жыл бұрын

A lesson most people learn when they try and sell jewelry second hand, unless it's an extraordinary piece. That's the stuff you buy because you like the look of it on you or your wife, not as an investment. For gold I prefer stuff with only a small premium over spot. Small bars (not assay) or bullion standard Maple Leafs. Easily tested when buying or selling.

@Chris-1742 Жыл бұрын

Where did you buy it from? I have far less reservations when buying Bullion bars or “coins”from reputable dealers, such as SD Bullion.

@leonidas953 Жыл бұрын

Glad to hear yours is real. XRF best option. My results were 77% W, 22% AU and 1% trace elements. Mine would not bend at all like yours did. 🎉🎉🎉

@TheBooban Жыл бұрын

Do you have it? Send it to him and lets see a video of him testing it and comparing to the real thing.

@syberphish Жыл бұрын

I'm assuming the W is for wolframite, the ore of tungsten.

@salvatorelivreri Жыл бұрын

Leo, you said in your comment (I am paraphrasing): I did Sigma Pro and XRF. Got same results you did. This implies your XRF came back as gold. But your recent comment above made it seem like it showed it was not pure gold. Or did you mean that Sigma Pro was pure gold but XRF shower differently. I was going to buy a Sigma Pro because I was going to start buying pre-33 gold coins, some gold buffalos maybe. Now I am not so sure.

@syberphish Жыл бұрын

@@salvatorelivreri Yeah I think he just wanted to see SD try to bend or drill that bar :P To see if he could get him to try it, lol.

@Adierit Жыл бұрын

@@salvatorelivreri Think you might wanna learn how your scanner works, if your results came back as 77% W, which is the symbol for Tungsten it means your bar was 77% Tungsten. Not gold.

@stankfaust814 Жыл бұрын

Im new to this, but why would someone invest in a precious metal carded in .02 cents worth of plastic that severely limits a buyer's ability to authenticate and is going to be removed for authentication when being liquidated? Wouldn't uncarded coin or bar be a more secure investment?

@Brafie37 Жыл бұрын

Man that's rough. It's like a lose lose situation. If it's fake you lose, if it's real then you lose because it's damaged.

@valpilags8974 6 ай бұрын

I worked for over 40 years as a machinist and I can say that tungsten will NOT bend, even if it is one millimeter thick. 24K gold at 1 mill thick will bend very easily. What you have there is probably gold plated copper. Copper at one mill will be slightly difficult to bend with your hands. If you want to drill it get a pin chuck and use a #80 carbide drill which is only .0135 in diameter and twist it in my hand, if you manage to get any chips, test those in acid. If you don't want the hole to be noticeable, drill in a inside corner, like between the dragon's toes.

@maskedrebel9670 Жыл бұрын

In my opinion, if you're just stacking metal, not collecting, it'd be better to avoid anything collectible, unless you get it for below spot price.

@go4it764 Жыл бұрын

I would think if the bar came from a government mint or or a private mint like Pamp, Perth or Credit Suise, with a serial # , it would be a much safer buy.

@XtremeChiliPepper Жыл бұрын

From a major retailer or trusted coin shop, yeah. Otherwise the chinese fakes are distributed on ebay regularly, daily, and it takes a long time to report them and get listings removed.

@SR-pr2xz Жыл бұрын

@@XtremeChiliPepper why would anyone buy something like that on ebay and introduce such an obvious risk

@jonathanwilson3331 Жыл бұрын

One way to check the purity of bars is to use an ultrasonic depth gauge and a vernier thickness gauge. Every metal has a different speed of sound transmission, so knowing the relevant speeds of sound for Au & Ag and the physical thickness of the metal the ultrasonic depth gauge will give the same reading only if the metal is pure and homogenous. I haven't tried blister packed metal but for loose coins/bars they work.

@allen_p Жыл бұрын

I have a stack of 1gr & 2.5 gr Valcambi bars in Assay along with 1/10 oz Gold Brittanias. However, I only buy from SD or Hero Bullion. Those make up all my gold stack.

@user-xr7vo7zz8r 2 ай бұрын

Gold 1/10 Brits to hard to copy and wouldn't really be worth it .. good security features on sov gold coins .. got heaps tenths and quarters and half's for fractional cause it's recognised as safe ..

@jeffwombold9167 Жыл бұрын

If you want to see or feel what tungsten is like, electrodes for tig welding are made from tungsten, which you can get pure tungsten 'trodes for a couple bucks apiece. I buy them by the box of 10. The rods of tungsten will only bend slightly and then snap. In a thick piece like these bars are, you probably couldn't bend them by hand if they're tungsten.

@stephenm8100 Жыл бұрын

Tungsten is also slightly radioactive. Would testing it with a geiger counter work?

@jeffwombold9167 Жыл бұрын

@@stephenm8100 not all are radioactive. Pure tungsten isn't. 2% Thoriated tungsten is, it's only alpha, which is technically the most dangerous, but it is stopped by paper, and even your skin. Ingesting or breathing the dust would be of concern, but I have known people who have worked around it for years and have lived past 80.

@stephenm8100 Жыл бұрын

I doubt the tungsten being used to make fake gold bars is pure. It's most likely made from bits of scrap old welding electrodes etc. So if one has a fake gold bar made out of tungsten is most likely very slightly radioactive.

@stephenm8100 Жыл бұрын

@@jeffwombold9167 have you gotten around to testing my theory with a geiger counter?

@jeffwombold9167 Жыл бұрын

No, I don't have access to one. But tungsten by itself is not radioactive. Only certain welding electrodes are.

@MarsblissGuidedMeditation Жыл бұрын

Wahoo happy you got your results and it’s 100% gold. I must say I was deep down kind of wanting to see you break it out of that case and drill into it.

@dnazarian7 Жыл бұрын

As of now I only own bars. But the bars I own are Pamp and Metalor brand, both of which have VERISCAN or in the case of Metalor, a QR code imprinted into the bar itself . Both are easily scanned using the Pamp Suisse Veriscan app or Metalor App.

@PlasmaFuzer Жыл бұрын

Have you tried purchasing a known fake bar (preferably with the same styling) and then doing the bend test on the known fake? This way you will know what the fake "feels" like and will be able to better gauge the result of the test performed on thisone.

@babbalonian2 Жыл бұрын

Also if he had a known fake, he could show us the difference.

@Adierit Жыл бұрын

Tungsten doesn't bend, it's very brittle. It would shear in half provided you're able to put enough force on it.

@PlasmaFuzer Жыл бұрын

@@Adierit I'm just addressing his reticence after doing the test. In general I agree, but if only to put his mind at ease he should attempt the same test on a known fake. Cheaper then having to destroy another assay card on a known legitimate bar to "feel" the bend on a real one. Not to mention he can do the test on the exact same (looking) bar.

@southernoregonprospector9074 Жыл бұрын

I sold gold and silver back in the early 2000's, when gold was $400ish/oz and silver was $4ish/oz, and these type of bars were avoided like the plague. Pamp Suisse was the preferred back then, but nothing to doubt with physical in hand bullion. My suggestion, if you like "collector" items in plastic feel, stick with the vintage toy catagory. :-)

@nidhogg6344 Жыл бұрын

OMG, that was such a wrong time to sell ... :(

@southernoregonprospector9074 Жыл бұрын

@@nidhogg6344 I actually held on to my own personal stash and ended up selling it all around 2007/2008, and I sold my gold for double plus and my silver for triple plus...so I think I did pretty good. Do I wish I still had it today?...heck yeah I do! LOL!

@nidhogg6344 Жыл бұрын

@@southernoregonprospector9074 tough you said in the early 2000 ... that was when gold and silver were extremely low, especially when you look at the chart inflation adjusted. 2011-13 were the best years to sell, back then :) Then buy back in 2015-18 xD ...

@southernoregonprospector9074 Жыл бұрын

@@nidhogg6344 yeah, I thought about that in 11-13 how I wished I would have waited a little longer, but I still turned a few thousand dollars of investment into over $25k of profit, so I was happy. Now what I REALLY wish I still had was my tens of thousands of shares of Sirius Satellite Radio stock...I was buying thousands of shares each week for pennies per share back then, and then stupidly sold it all in 2009, and years later I saw it was like $5+ a share! I could have paid my house off easily with that....live and learn I guess.

@nidhogg6344 Жыл бұрын

@@southernoregonprospector9074 ye, sure, every profit is good. And we can never really time the top or the bottom. The best thing you could have done, if you knew the future, sell the gold in 2010, buy with that a massive computer, and start mining bitcoin xD Then when bitcoin hit that top last year, sell the bitcoin for gold :D But ye, those are only dreams.

@Alternating-current Жыл бұрын

The fact that you lose value if you take the “gold” out seems like a scammers dream.

@kiddkuru Жыл бұрын

Yeah but on the other hand when you buy real ones it keeps them in Mint condition

@kiddkuru 11 ай бұрын

@@RiccardoPatrese4 debatable. Not all of mine are in assay cards and the ones in the cards look much more presentable and classy in my opinion.

@basher2209 Жыл бұрын

That’s crazy scary. Love your channel. Keep up the great work!

@cutlerylover Жыл бұрын

I think maybe the best way to preserve packaging and test fully is a tiny drill bit in the corner through the plastic? use a loop look at the "hole " (dont have to go all the way through) it will have the same presentation but even when you sell it it would be proof its real as well, dont have to worry about air getting into the package much either since the gold wont tarnish

@jaredm2123 Жыл бұрын

Been watching you for years man love your vids

@DrSchor Жыл бұрын

I am new to this, please help. 1. Since tungsten is in the center, how will drilling in the corner prove there is no tungsten in the center. 2. Since the gold is in plastic to keep it pristine, wont a hole in the the plastic and gold , however small, be conspicuous so that now the item is not pristine anymore, making the gold worth less, and defeating the entire point of having bought a plastic encased item in the first place. Thanks for clearing that up. 3. How can you put a hole in the package and consider the package Preserved. Thanks for clearing that up.

@cutlerylover Жыл бұрын

@@jaredm2123 Hey thnaks Jared 😁

@cutlerylover Жыл бұрын

@@DrSchor number one Im suggesting drilling a hole halfway through the bar, the location doesn't matter much Im suggesting putting it in a place thats not as noticeable at 1st...but it would show whats inside the gold wrapper, is it more gold or tungsten? second Im suggesting a small hole so the look and feel of the entire package is preserved but the bar is still tested so the next seller can enjoy the look and feel of the bar in the plastic, its a better option than completely removed or completely sealed if the new owner is \concerned with its legitimacy...if it was mine and I was worried about it being real I would drill a tiny hole in the eye of the dragon it may not even go noticed at 1st glance...you only have to drill through one side of the plastic not all the way through..the new potential owner may not like the hole or they may find it valuable in that the piece was verified real among fake ones that look the same..

@bobbarker142 Жыл бұрын

@@cutlerylover funny to see you here. I as well watched many of ur videos as a kid. I’ve got a nice zippo and knife collection to show for it lol

@jetfocus1152 Жыл бұрын

Should their be any worries is buying from SD bullion or Jm bullion? I would imagine their testing is pretty strict?

@brandonlyden7202 Жыл бұрын

My local coin shop will test any items you wish for between $12 to $15. I’ve had them test gold jewelry to coins and have had very good results. Keep the great vids coming!

@lorenzoas8500 Жыл бұрын

They charge you to test? What kind of cheapskates are they?

@Fanta.... Жыл бұрын

@@trp2413 I reckon you might get away with that once. Why would a dealer test until a price had been agreed on?

@Fanta.... Жыл бұрын

@@lorenzoas8500 CHeapskates with tens of thousands of dollars worth of equipment. I can't blame them for wanting to recoup costs.

@lorenzoas8500 Жыл бұрын

@@Fanta.... bro the jeweler I go to will throw anything you want onto the xrf.

@markpetty9206 Жыл бұрын

My guy will check anything for free, he just has to be available.

@northwestpicker3551 Жыл бұрын

Very interesting video, SD. I'd be curious to see how the bar tests with your basic model Sigma using the wand attachment? Please let me know. Thanks!

@bighammer2057 Жыл бұрын

Tungsten does not bend. It will snap. Tungsten is hard but brittle. I work with it daily. It has a crazy high melting point and very hard to work with. Welders use Tungsten for tig welding electrodes, and its also used in old school light bulbs.

@minnesotasomething Жыл бұрын

Been thinking about gold lately BUT your video has made me see the light....I'm sticking with silver.... easy peasy

@uncletacosupreme7023 10 ай бұрын

A good preventive measure you can take to ensure your not buying fakes is not buying on ebay.

@scottjohnson8576 Жыл бұрын

I only buy well known gold rounds for a few reasons but primarily for ease of resale. I try to stick with Krugerrand because they’re easy to confirm with a weight and ping test and the premiums are among the lowest.

@markpetty9206 Жыл бұрын

Absolutely the Only way to go. Buy melt value gold.

@jaronl.7500 Жыл бұрын

I stick to PAMP bars, just because I feel reassured with the verification code method QR code and serial number. Am I right to be reassured by this?

@Aidanm04 10 ай бұрын

I got a 10 gram gold bar in an assay and it somehow became loose in the assay, does that affect its value at all? I have not opened it.

@tmjlong925 Жыл бұрын

Hey Silver Dragon. What gold bars would you suggest to get for a real gold bar?

@hagbard72 Жыл бұрын

Gold plated tungsten coin isn't going to be easy to test either. I have two oz gold, one coin one bar that I find questionable. The bar was bought at a local coin shop in Windsor Ontario, the Maple coin was bought from SGB. What makes the coin questionable is the assay card it was in was very warped, have a hard time thinking they'd send them out that way, or that they could easily be damaged by heat. SGB doesn't seem interested in doing anything about it (its been six years since I bought it, but did complain the day I got it), and the local coin shopI bought it ten years ago and don't think they'll do anything. I'm now totally out of buying gold and will stick to silver.

@reccocon3442 Жыл бұрын

Whew! Thank you for your reaching out to our community.

@trentme09 Жыл бұрын

Great video! I've actually been really considering 5g and 10g gold brittania bars a lot based on the reputation, beauty, and low premium. Any advice or reasons I should maybe reconsider?

@Chris6815 Жыл бұрын

I like the Britannia bars also. I was unaware of them until recently though. I’m looking forward to adding one to my stack.

@8oehm7 Жыл бұрын

No reason to reconsider, don’t forget these guys pump out 'content' for ad revenue. With little care for those watching.

@pally867 Жыл бұрын

Bill?

@user-tv7dl8jj4d 8 ай бұрын

I bought some PAMP gold bars in assay cards back then in 2011 from a duty free store in a big airport. Do you think there is chance that these golds are fake? All these years I just keep them and never had them tested whatsoever.

@Arturro-ix2zg Жыл бұрын

I just ordered a gold bar from SD bullion at spot. I assume SD Bullion would verify the gold that they sell.

@thrift12 Жыл бұрын

How much drop in value I drop you looking at at this point it might be worth it to break the assay

@ebayaccount675 Жыл бұрын

What do you think about the 100g combibar for silver? It's premiums 90%-100% over spot, however APMEX 1oz bars currently are about 30% over spot WITHOUT the bartering ability of the combibar. Also if you buy 50g-100g plus of the GOLD combibar the premiums are negligible at best, 3%-7-13% 13% for 20g. So my question is are these premiums justified, & are combiars in silver & gold worth the price for investment purposes?

@esquared5064 Жыл бұрын

Gold combibars are fine. But I'd never buy a silver one. If you want fractional silver, just buy constitutional. A dime is about 2.22 grams.

@ebayaccount675 Жыл бұрын

@@esquared5064 Yeah but which ones cooler?

@XtremeChiliPepper Жыл бұрын

@@ebayaccount675 I don't think it will matter when your last meal was a cockroach and you find an actual, civilized, working town that you can trade in.

@ebayaccount675 Жыл бұрын

@@XtremeChiliPepper lol true

@dalepres1 Жыл бұрын

@@esquared5064 It seems the gold in combibars is already so thin it would be hard to fake with tungsten, do you think? My plan for fractional gold is combibars purchased from reliable, big name, online sellers. I have almost no interest in other gold bars or, other than perhaps having a single gold eagle for looking at, gold coins. My metals interest is almost exclusively in what I might sell or trade it for later in life.

@jl696 Жыл бұрын

I have a few Pamp Swiss gold bars from SD Bullion and Hero bullion. They have a QR code and a serial number on them. What do you think of those?

@TheBooban Жыл бұрын

They can copy the QR code and serial number of a legit bar and stick it on the card too. Unless the owner is entered into the Database and you see your name there, I see this security feature more like false security. Heraeus has some cool hologram on the back of the bar itself. Trust that more.

@KurtOnoIR 2 ай бұрын

Fairly safe when you buy them from a trusted dealer. If you are getting them from someone who got them straight from the source then there's not as much room for a fake. I think the serial numbers are more for you to report if they're stolen tho, to try and recover if they end up at a pawn shop or whatever.

@Jack-hy1zq Жыл бұрын

I'm new at this. So, I buy gold and silver. CBDC becomes the currency. How do I then sell the gold and silver? How will I navigate the selling?

@gosnellktn Жыл бұрын

Question. Not familiar with the bend test. Would the bend you did return to straight straight if it was pure gold?

@jeffreysmith236 Жыл бұрын

Gold has zero elasticity, so no.

@Javonisation Жыл бұрын

appreciate you and the channel! thanks!!

@DuncanL7979 Жыл бұрын

No, tungsten cannot bend. It is like a very heavy, very hard, brittle stone. You can put a tungsten ring in a vice and it will not bend or move until it shatters due to being so hard and brittle.

@Logan0o Жыл бұрын

im kinda new but whats the point of the assay card if dealers dont trust them lol

@stephenm8100 Жыл бұрын

Tungsten is slightly radioactive. Have you tried testing with a geiger counter?

@christophergarland2266 Жыл бұрын

So, after this headache, what would you recommend about the SD Bullion 10g gold bar sale at spot. Worth it or not?

@vettespace Жыл бұрын

I went ahead and purchased this sale one at SD Bullion since it's from reputable dealer and manufacturer, serialized, and uses kinebar technology for added high security features. Do some research and decide for yourself.

@jetfocus1152 Жыл бұрын

Do you guys trust that dealers like SD are testing what they sell enough?

@christophergarland2266 Жыл бұрын

@@jetfocus1152 I've ordered a decent amount from SD Bullion (probably more than any other online dealer) and have yet to have an issue. Also, I'm sure much of their products (especially those in large quantities) come directly from reputable mints and I'm sure whatever they buy elsewhere they test to verify, as their reputation depends on it. So, yes, i trust what i get from them.

@jetfocus1152 Жыл бұрын

@@christophergarland2266 good to hear. I would assume so but these days it’s hard to assume anything

@dv2033 Жыл бұрын

I may have missed it but did you get yours from eBay as well?

@dexterknighton595 Жыл бұрын

Thanks bro for the info and the insight

@esquared5064 Жыл бұрын

Glad you didn't get scammed. Why did you buy the bar in the first place? All i could think of while watching the video is what a pain it will be for you when you try to sell it. I guess if you ever sell it, just sell to one of the big online dealers who often pay extra if it's in an assay and they have machines that test inside of the assay.

@coctailer Жыл бұрын

I thought the Sigma Pro could test the whole way through items up to 4mm since it tests from the top, and bottom?

@randomnetwork1995 Жыл бұрын

Check his other video he ran it on a sigma pro it was weird.

@BrownStain_Silver Жыл бұрын

@@randomnetwork1995 I doubt 100% of your viewer's comment is true @Silver Dragons especially the claims about the XRF reading. I picked up a "Pay Tribute to Tungsten Discoverer 1.5inch diameter Pure W Metal Coin" from eBay for $30-$40 to test on my Sigma Metalytics PMV (non-pro model). The high resistivity of Tungsten is the 'tell' when comparing Tungsten vs Gold. It reads around 5.5 for Tungsten compared to around 2.3 for .9999 Gold.

@coctailer Жыл бұрын

@@randomnetwork1995 Ya, I saw it. I have a Sigma Pro also just because it could penetrate top and bottom. Maybe I misunderstood. XRF should go all the way through also. That is why bullion vaults use it on loaf bars.

@davidhamtaro Жыл бұрын

Cut it into 31 pieces, that way the premium is higher and you make a profit.

@patrickaussieMilartry Жыл бұрын

Also super happy you have the real deal. Tungsten is extremely difficult to bend. Also takes alot of pressure to drill. Anyways at least it's all good news. 👍👍

@makylemur7019 Жыл бұрын

Depth of penetration of xrf is only a few microns. Sound velocity is a better test.

@jaydipaolo590 Жыл бұрын

That’s great news, especially for all your trouble!

@georgeduhon Жыл бұрын

Thanks so much for sharing. I only own two but after seeing this, I won't be buying any more! Better safe than sorry!

2 ай бұрын

I've been on the fence past few years about buying gold bars. VERY GLAD that I watched this video first. I'll stick to gold coins, and sovereign at that.

@cutlerylover Жыл бұрын

Ill say this, if the assay doesn't mean its real then break it out, lol thats literally the ONLY purpose for these plastic holders and paper cards it to ensure its 100% legit so once they are questioned whats the point of keeping them in there? Id rather break it out carefully and pout it in a plastic holder...

@nopeitschucktesta1 Жыл бұрын

All the assays I’ve bought come with some kind of verification code. Would be pretty stupid for a scammer to waste their time on something that can be easily identified as fake or real.

@michaelbrady4432 Жыл бұрын

It seems weird to me to worry about taking it out of the plastic if it adds no legitimacy to the product and it’s not name brand. So much concern over opening it for no reason it would seem. 🤔

@cutlerylover Жыл бұрын

@@nopeitschucktesta1 scammer keep scamming becasue it works...a fake assay is enough for many sales without people going the additional, step of scanning the item or checking serial numbers...It doesn't work with everyone but it doesnt have to, scams work in masses so if they try to trick 100 people and only 4 are tricked well in this case thats like 8k they made lol..its worth the trouble...

@cutlerylover Жыл бұрын

@@michaelbrady4432 well since it has a premium as a collectible and not bullion the owner would want every penny its worth, look at what people pay for slabbed coins, 2X, 10X, 1000X face value or melt value becasue its in a plastic case that someone said its special...

@Just_An_Idea_For_Consideration Жыл бұрын

Where can we buy the xrf machine? Also I was of the impression that xrf only tested the surface and not into the center?

@GertrudePerkins Жыл бұрын

They are expensive.

@wd3574 Жыл бұрын

I only have one gold bar, from Sunshine Minting. It's in a plastic card, but the bar itself has the "MintMark SI" -- Scrambled Indicia security feature etched right onto it. I hope this would an anti-counterfeit assurance, but can the Scrambled Indicia security feature itself also be copied/counterfeited?

@fuzzzone 4 ай бұрын

*Could* it be? Yes. Anything a mint can do a counterfeiter with similar equipment can do. It does mean that there is lower hanging fruit out there for counterfeiters to focus on, and that the cost-barrier to entry increases, but that reassurance we feel with anti-c measures means there's that much more drive to counteract them. It's a vicious cyclical battle mints have been fighting for millennia.

@Skandalos Ай бұрын

It's easy to distinguish magnetically. You need a strong neodymium magnet, I got one 50x50x20mm from ebay. Put the gold bar on a styrofoam floater in the kitchen sink and slowly bring the magnet close to it, like half a centimeter. Gold gets pushed away ever so slightly, tungsten gets attracted. The forces are weak but clearly distinguishable.

@crowflysstr8 Жыл бұрын

Why would the sigma pro or XRF not work on that??

@TheQuickSilver101 Жыл бұрын

I bought one gold bar and it's the only gold purchase that I really regret. I'm glad you were able to verify yours. I know I will *never* buy another one. Thanks!

@rogerloi7529 2 ай бұрын

Now you are glad of your purchase 😊

@Stephanie_12345 Жыл бұрын

Whether you purchase GOLD coins or bars, it is more IMPORTANT to buy from a reputable dealer. GOLD coins can be easily counterfeited too. In fact, throughout history, you see fake coins consistently produced like U. S. hundred dollar bills...

@theimpaler2317 Жыл бұрын

So what do you do if a lcs breaks the card taking out the bar to test it and then for some reason, their testing machine doesn’t recognize it and they end up not buying it, so now your bar has lost like 25% of its value or however much because it was taken out of the card? Or say their machine DOES recognize it as gold but it has lost all of its premium because they took it out of the card, do you go ahead and sell it to them anyways for the spot price?

@markpetty9206 Жыл бұрын

Yes, only pay for melt price gold. Anything more is a bunch of headaches.

@theimpaler2317 Жыл бұрын

@@markpetty9206 well that’s not necessarily true, most lcs pay a percentage over spot for most coins or bars and then turn around and sell it for an even higher percentage!

@markpetty9206 Жыл бұрын

@@theimpaler2317 Yes, "lcs" is the problem and almost always is. You are paying for their store (property taxes) and lights on all day. Buy and sell 3rd party and you always buy and sell at the same price. No commission.

@theimpaler2317 Жыл бұрын

@@markpetty9206 third party meaning like private? What about online stores? Those are just as expensive as well if not even more expensive because you have to pay shipping on top of the already expensive premiums. So are private sellers premiums way less than that of a lcs or online store?

@markpetty9206 Жыл бұрын

@@theimpaler2317 Yes. For example, you could buy and sell a 1-ounce coin over and over and over, not incurring any of the mark up, therefore retaining all of your original purchasing power.

@MsTyrie Жыл бұрын

But but... what about bars w/ security features? Also, aren't coins (those without security features) also subject to counterfeiting? I think the rational conclusion is to stick to modern bullion items w/ security features.

@timscoviac Жыл бұрын

If you purchase your gold bars from a reputable source like jm bullion, apmex, sd bullion etc then there’s no need to worry about it to begin with, they get their shipments right from the mints/refineries. I don’t get anything off eBay, Facebook etc. i don’t buy from lcs much either but if I did it would be only be one who has a sigma or xrf

@assuredantiques1832 Жыл бұрын

I don't understand this video. The poster said the bar fooled an xrf test so how can doing an xrf test on the bar in the video prove it is real?

@gusplaer Жыл бұрын

Crazy that more people don't know about tungsten.

@chriswest2290 Жыл бұрын

Leo has so much knowledge 👍

@aspiringalchemist8398 Жыл бұрын

Ugh! What a lot of hassle! Thank you for the warning Dragons!

@manahapu Жыл бұрын

Will an XRF do it?

@benadams7307 Жыл бұрын

I'm looking at getting into collecting gold and silver. Would now be a good time to get some silver or is it at a high point?

@randomnetwork1995 Жыл бұрын

Premiums are a bit high. But I think now would be the time. At least for silver.

@benadams7307 Жыл бұрын

@@randomnetwork1995 would you recommend the coins or the bars

@XtremeChiliPepper Жыл бұрын

@@benadams7307 I think you are going to have to do a LOT more research. There are 20-30 big 'stacker' channels out there. My advice to anyone just getting in, is to watch all the content you can, from everyone you can. Silver and gold are a bargain right now, compared to even just last year, but yes premiums are high and you have to accept that, for now.

@randomnetwork1995 Жыл бұрын

What ever has a lower premium.

@markharasymuk5496 Жыл бұрын

Hey man feel free to pm me I can give you tips on what to buy and such.

@thesarge4457 Жыл бұрын

Thank You Sir.

@Vera-xu3xw Жыл бұрын

If you buy from a reputable company like SD Bullion, is it still possible to get fake?

@dandrake337 Жыл бұрын

I like gold bars… from reputable dealers and companies. I wouldn’t buy “Random Dragon Bar from Generic Company.” But we’ll known stuff from real sites and this won’t be a problem, regardless of the product. Buy from shady dealers and sites… and this will be a problem, regardless of what you are buying.

@browpetj Жыл бұрын

The middle cant be tested by XRF. XRF relies on light reflection there is no surface in the middle to reflect off. Thin plating can be detected, but thicker plating cant.

@SilverDragons47 Жыл бұрын

every model of XRF tells you how deep it can go in micrometers some are deeper than others. Are the manufacturers lying? 🤷🏽‍♂️

@curtbaronio2825 Жыл бұрын

Happy for you! I want to offer xrf service and am looking to buy this equipment! Good video, love the content 💪😎👍🇺🇸💰🙏

@briandriver301 Жыл бұрын

I have a lot of 1 gram bars from JM Bullion, SD Bullion in cards. I'm pretty confident they're real.

@johngill2853 Жыл бұрын

If you were ever to sell them how much do you think you would lose between purchasing and buying them percentage wise against what the actual gold market returned in that time period?

@briandriver301 Жыл бұрын

@@johngill2853 I would sell them on Ebay and not lose anything. If I went to a LCS, I would definitely lose money.

@lipovsas Жыл бұрын

So would you not recommend the 10g spot gold offer from SD bullion right now?

@gundam0816 Жыл бұрын

If it's froM sD bullion it should be okay. But becauze of this, I stick to only coins (even if there is a slightly higher premium

@tronziebit Жыл бұрын

I was wondering the same... 🤔

@TheBooban Жыл бұрын

@@tronziebit spot for fractional gold must be a good deal! But I would check what they would buy it back from you for, for better understanding.

@martinbeaubien440 Жыл бұрын

I would absolutely recommend it. It’s coming from a reputable manufacturer and dealer and has a holographic security feature. I haven’t seen many spot deals these past few years, I’m all over it.

@mykittenisagrandmaster4381 Жыл бұрын

So glad that it's real gold and yeah some bars you don't want to take out of the assay because it loses value

@davidporter9131 3 ай бұрын

Full depth xrf WILL detect tunston centres! The xray difraction patern of gold and tungsten are quite different. Cheap surface scaners aren't very good. Electrical frequency/conductance will also spot tungsten centres.

@FathomFrequency Жыл бұрын

Couldn't you, by your registration with the XRF scan, have enough of a proof for an easier time selling?

@therealhawkeyeii7888 Жыл бұрын

That would be true if he documented every step, and maybe got a notarized letter from the owner of the device.

@TheBooban Жыл бұрын

@@therealhawkeyeii7888 yeah, but if the makers of this machine were smart, it would print out a picture of the bar, assay number and its verification result.

@deltalima6703 Жыл бұрын

And how would anyone know the printout was not fake?

@FathomFrequency Жыл бұрын

@@deltalima6703 by confirming with the company that did it...bearing a time/date stamp and notary/witness signatures

@FathomFrequency Жыл бұрын

@@deltalima6703 good question!

@makylemur7019 Жыл бұрын

Measure the velocity of sound in the material. The velocity in tungsten will be much higher than in gold.

@stevenewberry6460 Жыл бұрын

Tungsten is very brittle. Wont bend but may break if dropped on a hard surface

@murp61 Жыл бұрын

I believe it's more safe to purchase fractional gold in assay cards than full oz bars since they are less likely to be faked. I prefer the PAMP or Valcambi bars since they tend to be the most easily recognizable.

@rhettlee 11 ай бұрын

I’m other words you like to pay $500 more an ounce for gold.

@maj.kamper9314 Жыл бұрын

I only by from sd bullion I’ve never had an issue. I bought some 1 oz bars when it hit 1600

@papag6568 Жыл бұрын

Yes. Just after I bought the SD bullion Black Friday gold bar special; I see this “don’t buy gold bars” video! Doh!😮

@martinbeaubien440 Жыл бұрын

I did too and I’m not worried about it in the least. It’s a reputable brand with a holographic security feature and it’s coming from a reliable dealer.

@theambiguoustruth8167 Жыл бұрын

Gold doesn't tarnish or scratch very easy. No need to protect it in plastic. Touch your gold!

@ES-mc3cc 9 ай бұрын

Our local coin shop has the big, expensive testing machine. One thing he said to me when I went to him with a question on a defective Vacambi one-ounce gold bar was, "NO MORE BARS!!" He must've said it a half-dozen times. I agree with him and will never purchase any again!

@johnm1008 Жыл бұрын

Crossroad Coin in Vandalia Ohio has one of these XRF units. I used it a couple years ago on a kilo panda that I had. They charged me $10 and I just walked in, I didn't need to apply or fill out an application. My panda ended being fake but when I got the composition report it said 15% rhodium. I was shocked. It was supposed to be a kilo of 9999 silver but if it was 15% rhodium then it would be worth more as a fake than it would have been worth it if was real. When I asked the guy laughed a little and said no, 15% of the plating was rhodium. Unfortunately the plating being only a couple micrograms didn't really have much rhodium in it. The good news is that the LCS I bought the panda from took it back.

@jefflarson4982 Жыл бұрын

Any experience with ACRE gold bars and verifying if fake or real? I have a 2.5 gram bar and was curious if they are a legit company?

@XtremeChiliPepper Жыл бұрын

I've never heard of that company. You're much better off staying with big names, and deals are not worth it. Stick with Perth, Rand, Argor-Heraeus, Valcambi, RCM, Scottsdale, etc.

@jeremys5904 Жыл бұрын

Do you buy gold at the flea market lmao

@spincolor Жыл бұрын

I'm guessing a tungsten core with 2mm gold plating will pass for 99.99% gold on XRF.

@zed332l 5 күн бұрын

Why not send to have certified? I stay away from gold bars to risky for me the loss would hurt!

@CatsMeowPaw Жыл бұрын

Even if you buy your bar from somewhere trusted, like directly from the mint, whoever you sell it to is going to say 'yeah right buddy, how do I know you didn't buy it on Aliexpress?'

@timdavis9228 Жыл бұрын

Are the smaller bars (5grams) faked as much or more?

@M3LTUP Жыл бұрын

I would buy 1/4 or 1/10 coins from U.S. , Canada or South Africa. Those are most recognizeable. Also if gold ever shoots up to $5k. Its gonna be a little difficult to sell a 5oz bar.

@XtremeChiliPepper Жыл бұрын

I think people prefer fractional or at the highest 1oz gold. Not too many have a 10k trade to do, unless you need a used APC.

@iReviewSilver Жыл бұрын

Great video. Thanks

@privatepilot4064 2 ай бұрын

I never, ever buy precious metals on eBay. I always buy from reputable gold and silver dealers direct.

@tube56t53 Жыл бұрын

But metalor bars have qr code on them which u can scan to verify if its real, so no issue there

@Papa5murf1 Жыл бұрын

Can someone explain why coins are easier to test than bars?

@sroglum Жыл бұрын

I don't understand why the sigma metalytics pro would not give you an accurate result on the through test setting.(the second test, not the first). I have spoken with the tech support at Sigma and they have confirmed Tungsten will not pass the through test (the second test). SG tolerance between tungsten and gold is so close, the margin of error is to close to be definitive. But test 2 should fail. I own multiple machines and different sg devices. I test over a thousand items a year. Curious to see if anyone has different opinion on the sigma pro...... on the secondary test. I do understand if you cannot fit the bar under sensor 2 on the right side, you should rip it out without hesitation before buying. Please chime in on this, as it is new to me. Thanks for being so detailed!! Like your video's!