Ep.5 Season 1 - Testing Gold and Silver - Expert Tips on Testing Gold and Silver

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Күн бұрын

Season 1 - Episode Five
In this episode, host Mark Yaxley demonstrates how to test precious metals, including five ways to help prevent and detect fake gold and silver bars and coins.
SWP website: www.swpcayman.com
**Remember to SUBSCRIBE to our channel to receive all of our great videos**
About Inside the Vault:
Expert tips on gold and silver delivered to you directly from inside Strategic Wealth Preservation's Cayman Islands gold vault. This exclusive series provides investors with insights and education about a variety of topics related to owning precious metals:
Coins vs Bars - Gold vs Silver - Which one should I buy?
Gold vs Silver - Which metal is better to own?
Travelling With Precious Metals - Tips for the airports and customs
Shipping Gold and Silver - How to prepare a package for shipment?
Testing Precious Metals - Five ways to avoid fakes
Testing Gold Bars with PAMP Suisse's Veriscan authentication technology
Home Storage vs. Offshore Storage - How much should I keep at home?
Collecting Rare Coins - Expert advice on collecting gold coins
Storing Gold and Silver - At home, at the bank and in a secure storage facility
Going Global - Owning gold and silver offshore
Join host Mark Yaxley, as he takes you inside SWP's Cayman Islands vault, and shares his expert knowledge with you.
SUBSCRIBE TO OUR KZfaq CHANNEL FOR ACCESS TO ALL THESE GREAT VIDEOS AND MORE
SWP website: www.swpcayman.com
You can also follow us on Instagram, Twitter, LinkedIn and Facebook: Strategic Wealth Preservation
About SWP:
Strategic Wealth Preservation (SWP) is an international precious metals dealer and secure storage provider headquartered in the Cayman Islands. We specialize in the acquisition and secure storage of precious metals for individuals, companies, trusts and wealth management professionals on behalf of their clients. We deliver precious metals worldwide to homes and businesses and offer secure storage in vaults located in the Cayman Islands, Canada, the United States, Switzerland, Liechtenstein, Singapore and New Zealand.
Thanks for watching and if you would like to purchase metals or store precious metals with SWP please visit www.swpcayman.com or email us - info@swpcayman.com

Пікірлер: 223

@firstlast3507 4 жыл бұрын

The gentleman is very professional. Obviously an asset to the company.

@tomjaden936 4 жыл бұрын

Indeed

@cking1112 3 жыл бұрын

Testing devices shown in video: Ohaus SP2001 Scout Pro Portable Balances The Original Precious Metal Verifier by SigmaMetalytics GVS Bullion Tester

@5256brkboyz12 4 ай бұрын

Thank you for this comment

@jodysin7 4 жыл бұрын

Isn't gold just so lovely to look at. The perfect color and shine!

@EroticOnion23 2 жыл бұрын

The look of it, the tashte of it, the schmell of it, the texshture!!

@cdflyboy 4 жыл бұрын

Great presentations, very professional and informative

@SWPCayman 4 жыл бұрын

Thank you Silver Flyer, glad you enjoyed. Be sure to subscribe to our channel and enjoy the rest of the videos!

@sagittariusque8932 4 жыл бұрын

@@SWPCayman Can you list a few companies to choose from?

@gregs460 4 жыл бұрын

This video will never go out of style. Just tested all my bullion. Everything was legit thank God. I only buy from one dealer so I'm going to stick with them for sure.

@Inshokuten69 4 жыл бұрын

Would be very interesting if you could get one or more of the various types of fake bars, like low purity and/or a core of a different metal like has been seen, and show how they react to the tests.

@mojavegold- 4 жыл бұрын

Good video! As a note though, the Sigma Verifier doesn't actually measure "density", which would be specific gravity. It is an eddy current tester which measures an approximation of volume resistivity.

@arthurm.3565 4 жыл бұрын

Being new to this industry, I have learned a great deal from you . Thanks for sharing..

@gabrielkawa432 3 жыл бұрын

Thank you for making this video. It was one of the cleanest and well presented ones that I've seen

@chriskerr4266 3 жыл бұрын

Love the content, thank you for informing us with solid intel

@JoeDurbin 4 жыл бұрын

Great Info. and tips, thank you sir!

@HeritageStacking 4 жыл бұрын

Fantastic video. I very much enjoyed it. I have been in metals since 2007. I have to say for a new person to metals if they watched this it would be eye opening. Stack on!

@everettwhite9874 4 жыл бұрын

Thank you sir. Very informative video.

@deathisonlythebegining6047 4 жыл бұрын

I'm very new to buying precious metals, thank you for the videos very informative.

@SWPCayman 4 жыл бұрын

We love hearing that AJ, so glad you are enjoying our videos. We designed them to be educational for both beginners and more seasoned metal investors. Feel free to email us if ever you have any questions; info@swpcayman.com

@petespeicher8363 2 жыл бұрын

Cool video! Loved the magnetism test on the alloy!

@alexey8873 4 жыл бұрын

Is X-ray fluorescence the best method? I've seen a silicon drift detector at the coin auction house in Vienna and it seems to be a really good gadget, giving you precise information within couple of seconds.

@GeOl011919954 3 жыл бұрын

Great video thank you for sharing 👍

@silverlover5817 4 жыл бұрын

Thanks for the video...

@JohnDoe-bv9vl 3 жыл бұрын

Cool video. Very informative. Would have been nice to see a comparison with fake metals as well. Maybe in the future you can do something like that.

@vladonyoutube3578 4 жыл бұрын

Can you do a video on reputable sources to buy gold and silver from in the USA?

@SWPCayman 4 жыл бұрын

Good idea Vlad, we'll consider that for Season Two. You can also buy from SWP for delivery inside the US (we'll drop ship from a US supplier).

@galomarino7306 4 жыл бұрын

Great info Mark, I'm wondering how to become a precious medal dealer. Any suggestions is much appreciated. Thank you for sharing all the contents in this channel !

@marsenco6191 4 жыл бұрын

Is your watch okay over that strong magnetism? :) great content. Thank you.

@westcoastcryptonews9786 3 жыл бұрын

Dude you Rock! Like your even keel approach~

@creounity 4 жыл бұрын

These guys have more gold in deposits (in physical presence) that there's located in Fort Knox and Federal Reserve Bank of New York, combined :D

@Freakzilla18 3 жыл бұрын

So true

@trayseebee6413 4 жыл бұрын

Great channel - best information on YT

@SWPCayman 4 жыл бұрын

Thanks Tracey Bee - that's means alot!

@MrArnex. 4 жыл бұрын

Thank u for Denmark. What About a x-ray scanner? it would give a 100% correct answer as to what the topic contains?

@davidrudolph2825 3 жыл бұрын

I'm really surprised that you did not say anything about the "ice test" for 999 Silver! Very simple and works every time with complete satisfaction!

@AceBullion 4 жыл бұрын

Don't forget about Assay Mark's which I use when selling Bullion. But Great video

@emonty62 4 жыл бұрын

what is the best way to sell, do you have a video about that?

@mendybaron1093 4 жыл бұрын

Who else getting ready for the economic flop from Carona?

@xcvsdxvsx 3 жыл бұрын

Looks like its the dollar thats flopping because every asset class in the world is melting up in tandem.

@robertdore9592 3 жыл бұрын

I wished that I'd started earlier...can't wait to unplug from the matrix.

@benjaminlehman3221 3 жыл бұрын

I have a few bars that when they are alone they weigh less, but when together they weigh perfectly. I think it is because of rounding. My scale isn't super fancy.

@billpojas7126 4 жыл бұрын

yow, where did you get the machines? Is it advisable to buy gold directly from small scale miners?

@StewartLucrative 4 жыл бұрын

These videos are really interesting, but as I'm watching I can't help I get distracted by the stacks of gold and silver in the background 🤑🤑🤑🤑

@oculosprudentium8486 4 жыл бұрын

They are there as backstage props.

@assassin40oz 4 жыл бұрын

Very cool!

@zackp.3940 4 жыл бұрын

Never saw tests like this ... until now :)

@SWPCayman 4 жыл бұрын

Thanks Zach. The last machine we use is the newest of the bunch. It has proven to be extremely effective and we like it especially because it can be used to thicker bars or entire tubes of coins.

@williamwilliams7706 3 жыл бұрын

As kids decades ago we used paint house bricks with gold paint. You can probably find the same on Ebay today.

@tinsoldier5621 4 жыл бұрын

Thanks for the great informational video. What about Chinese Pam das. Arent they a few grams less than an ounce

@fredfullarton7072 4 жыл бұрын

How much does the plastic case weigh plus the metal? Gold or silver?

@lynnm.2405 4 жыл бұрын

Are Apmex and Golden state mint good places to buy from? I purchased 5 10z. bars from Golden State Mint and they were not packaged like the ones you showed. They were in little plastic sleeves.

@armstrongskyview2810 4 жыл бұрын

Good video, Question, 1. where to buy the testing equipment 2. A dealer showed how to test gold in his shop by scratching off a little and using acid? Also he said it was not possible to test silver easily as it needed to be sent away for a special test which i assume is using the tests shown in this video, can you confirm or give you opinion please. Thanks Chris Armstrong

@EliHaven 4 жыл бұрын

Great information, I get a lot out of your videos, a little advise if I may, you should add some links to these products and make that extra money.... probably get some free tools from the companies for the promotion.

@lynnbruner5933 4 жыл бұрын

What do you think about the SMI mint-mark from Sunshine Minting?

@davidlee3254 2 жыл бұрын

That gold bar looks so beautiful 😍

@SWPCayman 2 жыл бұрын

It is!

@LeePenn2492 2 жыл бұрын

Very interesting and informative.. Certainly knows his beans .

@SWPCayman 2 жыл бұрын

Glad you enjoyed the video!

@bullishonbullion 4 жыл бұрын

I'm always willing to pay a slightly higher premium for bullion with security features because it increases liquidity on the secondary market. I'm hoping the United States Mint upgrades the 2021 American Silver Eagles with better security features, similar to RCM's Canadian Silver Maples. Great information here 👍

@luckym9877 4 жыл бұрын

Iam new to this do u prefer coins or bars ? Proof or bullion and what are rounds ?

@DanCooper404 6 ай бұрын

They didn't.

@garypowell9006 4 жыл бұрын

Can one use a quality metal detector verify gold and silver?

@nayanmipun6784 4 жыл бұрын

It can hollowed and put other non magnetic metals inside to match the weight

@rgcwow 3 жыл бұрын

You did not demonstrate the 3 wands for the sigma precious metals density tester - wands to test larger bars etc.. But instead you deferred to the magnetic tester as needed for larger bars as if the above density tester does not work for larger bars. Please advise? Thanks

@mikehundredson584 4 жыл бұрын

Best investment I made was a water density scale. While I mostly buy from APMEX I do local deals from time to time. Saved me from buying a fake credit Suisse 5 oz gold bar.

@_George24_ 4 жыл бұрын

So all the metals on your website are guaranteed 100% authentic? Free returns?

@unafilliatedx2310 4 жыл бұрын

Does SWP test all PM's upon arrival as a gaurantee no fakes are stored or leave the vault?

@PhyllisLiao 4 жыл бұрын

What about the spasific gravity test?

@planetx1595 3 жыл бұрын

Do you use an XRF machine?

@mrmc2465 4 жыл бұрын

Hi can you provide information on the last machine, is it called a magnetic Scale? I dont see many for sale online

@SWPCayman 4 жыл бұрын

Hi Mr Mc, you can find it here: www.gvs-bullion.com/tester/tester_en.html

@charon7347 4 жыл бұрын

Canadian mint products are my favorite and most trusted.

@terrytaillard4588 4 жыл бұрын

I’m sure with all that gold and other precious metals in your vault you are not able to test every item that comes in but instead rely on statistical sampling. Can you share the percentage of items, especially gold, that you test?

@andgnd3674 4 жыл бұрын

hi, one question do little scratches on 1oz coins (like krugerrand) lower the price significantly?

@cyrusaugustus4640 4 жыл бұрын

Unless the coins are rare it shouldn't. Precious metals are valuable by the weight not by the look. I would avoid scratches anyways.

@Dylski. 3 жыл бұрын

Pretty much every bullion item you get has imperfections one way or another. I've had royal mint bars with visible Marks and I've had ones without. Value isnt really affected, just ur OCD 😂

@abulfazrzayev4027 3 жыл бұрын

How to check the gold or silver bar without removing them from package? I don't mean visual check.

@RandyRandersonthefamous 3 жыл бұрын

First 2: I could have guessed that last 2: super science!

@babaal78 4 жыл бұрын

I eard about tungsten bar plated with gold to make fake, is it true ?

@Drewbinsky69 4 жыл бұрын

when you're bar of gold doesen't have a serial number does that mean it is fake ? ( talking about 50 grams )

@paganphil100 4 жыл бұрын

Strategic Wealth Preservation - SWP: What are the acceptable tolerances when weighing or measuring coins? How far "off" can they be from the expected values (size / weight) and still be genuine?

@SWPCayman 4 жыл бұрын

Philip, they should be exactly even or

@paganphil100 4 жыл бұрын

@@SWPCayman: Many thanks for the reply :-)

@robboyko3712 2 жыл бұрын

I had some material sent to a supposedly reputable refiner for refining to five 9's. Material received was not five 9's. The only real way to test for purity is to use an XRF analyzer. XRD will do the same but not as precise. XRF is better suited for purity testing. It will also tell you what the impurity is. A suppliers should be using one albeit expensive and all purchasers if one can afford a unit would be advised to do so.

@benjaminlehman3221 4 жыл бұрын

What kind of Troy ounce scale is that?

@TheRTM 3 жыл бұрын

Where can I purchase these devices?..(please provide links).%

@islandaerial3414 4 жыл бұрын

Ya know what is strange? The Canadian Mint is a 'reputable' producer yet, the vaults of the Canadian Gov't are EMPTY...

@SWPCayman 4 жыл бұрын

Yes, but the two issues are unrelated. The Canadian Federal government sold the countries gold reserves. The Royal Canadian Mint is an excellent institution.

@ifitistobeitisuptome 4 жыл бұрын

True dat!

@orpheusepiphanes2797 4 жыл бұрын

That just shows how pathetic it is when our elected officials are less competent or trustworthy than unelected Crown Corporations

@jimwatson4513 2 жыл бұрын

Some examples of fake items ,captured , Should have been shown & , to be aware of on sight !! And list of dealers outlets to purchase these testers + costs of these devices !! Thanks !!

@EngineerInMotion Жыл бұрын

I'm suprised for a company that deals in such large amounts of bullion, they don't have an xrf machine which is pretty much fool proof way to detect fakes

@briantlougan810 3 жыл бұрын

Thank you for this information. I've heard that there are gold bullion coin fakes, tungsten inside gold cladding. Apparently tungsten has a similar weight to gold. Have you seen these? What is the best way to detect them?

@oahuhawaii2141 3 жыл бұрын

These density values are for pure Au and W, and in grams per cubic centimeter (g/cm^3): 19.32 gold (Au) 19.25 tungsten (W) You can use the PMV Pro to check your bullion gold coins. He used an earlier model in this video.

@ptaeiy 3 жыл бұрын

The surest method is verifying your caliper measurement to Ultrasonic Thickness measurement. If there were Tungsten inside a bar/coin, your UTM will give a different reading than your caliper reading. The celerity (ultrasonic speed of sound ) of gold is different than tungsten. Even density of a material can be manipulated. Go to Silver Bullion TV (Basics of Testing Gold & Silver and Identifying Fake Bullion) to learn about metals properties and the various authenticity tests. Ironically, both the diamagnetism and density test that most people in the community vouch for, are the ones that are easier to be compromised by fakers. The only uncompromising test is the Ultrasonic test ($180 for UTM) as it can't be manipulated by changing the metal composition AND it's testing the whole length of your metal, so you'd know what's INSIDE your bars and coins. FYI: The basic sigma machine test the ECM parts of the metal property which is a superficial surface test using electromagnetic wave conductivity test. Probably good for detecting plated material but not for deeper fake inserts. The new sigma pro does do the ultrasonic thickness test, but at $2000 a pop, no thanks as I can get a stand alone Ultrasonic Thickness Meter and a caliper for under $200.

@paganphil100 3 жыл бұрын

How much tolerance / leeway is acceptable when weighing silver or gold coins (they rarely weigh EXACTLY their quoted weight)? I've asked this question on YT many times in the past but nobody seems to know the answer.

@stormforge68 3 жыл бұрын

I weighed several of my 1 ounce silver maple leafs and they came in at one troy ounce, 1.003 or 1.005 Troy ounce. They are legit because I brought my silver maple leafs to an authorized Canadian Mint dealer to have them tested. He had a DNA machine to check the engraved maple leaf's security feature. All ok. So as long as the weight is just slightly more, you are safe and ok. And as the video mentioned, the coins (whether silver or gold) will never be under weight.

@cobolqanon3960 3 жыл бұрын

In the UK, any coin which has a value stamped on it with Queens head is classed as money and the penalties for faking them are 10 years for counterfeiting, 10 years for passing to another person, and 10 years for accepting a counterfeit ( so don't be a mug and tell the Police you have all these fakes you accepted...) - told this first day when working at a Bingo club in the 90's - the emphasis to us was the penalties on accepting it (to stop insider corruption). All UK bullion coins have a price and the Queens head.

@mehamedisani8289 4 жыл бұрын

Love you

@pudendajohnson1932 4 жыл бұрын

Thank you so much for replying. I just spoke with the seller and they are letting me return it. It may be real, but I'm not willing to take that chance.