Owning a piece of gold has shown to be one of the best investment strategies throughout the years. For those who invest in gold, the year 2023 is important because there has been a noticeable increase in the price of the metal. If you have the money, you might wish to establish a collection by purchasing modest gold accessories.
Having gold is a lifesaver whenever you need an emergency fund because pawn shops today make it quite simple to sell gold. The fact that gold remains in good condition and retains its worth throughout time is another reason to own it. Even gold jewelry from ten years ago that has been passed down through how many generations can be found in some households.
No matter if you are accumulating gold for personal use or as an investment, here is how to determine whether the gold is real and where to buy it.
Try to Find a Hallmark
Examining the hallmark is one of the simplest ways to determine whether a gold object is genuine. A hallmark is a tiny impression, typically a number, that appears on genuine gold or silver metals. It frequently appears on the hook of bracelets and necklaces as well as inside your ring. The amount of karat that the gold contains is marked on the gold by the makers of gold and silver.
Since fake markings are frequently used in jewelry, desperate gold counterfeiters have already mastered them in order to sell fake gold for the same price as real gold. You must still do mode tests on a piece because of this.
Utilize the Scratch Test
You have to run the risk of somewhat damaging your gold goods if you truly want to know if they are worth anything. A ceramic test is one method of determining whether the gold is real. Simply scratching your gold piece against a ceramic tile can accomplish this. Scratching against real gold will produce a gold mark on the ceramic tile.
You can, of course, choose to forego this option to preserve the quality of your beloved possession because it is a risky operation and instead focus on the color.
Watch for Discolorations
Different types of metal used in less expensive jewelry are more likely to tarnish. Because alcohol and hand sanitizers might change the color and quality of the metal, these parts must be taken off while washing hands.
If you are wearing gold accessories, even if you are acidic, you don’t have to worry about discoloration. Contrarily, pure gold never changes color when exposed to any kind of chemical. Your jewelry may not be genuine gold if you noticed any changes in the color of your earrings, rings, or necklaces.
Apply a Magnet
Despite being regarded as magnetic, gold has a weak magnetic field when compared to other metals. Try placing a magnet near your gold item if you have one at home. You should be aware that anything doesn’t actually have gold worth if it adheres to the magnet with ease.
Speak With a Jeweler
Keep in mind that trustworthy jewelers can identify real gold simply by looking at and touching it. However, they might also have a more sophisticated and superior method of determining the purity of your gold material.
Go to the Local Pawn Shop
The best and simplest thing you can do is visit the closest pawn shop if you don’t want to compromise the quality of your gold by determining its value on your own. Real gold and other metals are frequently purchased by pawn shops. This is so that they can independently verify whether the gold is real. Contact South Bay Jewelry & Loan at (310) 371-4571.
