Dear readers,

Have you ever wondered if the physical gold that you are buying is real gold or fools gold?

Well for the veterans, they’ll probably be able to tell real gold from fools gold in the snap of a finger while new investors can’t differentiate the real from the fakes no matter how they look at them.

Here are some easy tips on how you can separate fools gold from real gold.

Jewelry pieces

Look for some sort of mark as to its karat value in terms of purity. If it is marked with a number after the letter ‘k’ (e.g. 18k, 22k, etc.), it is assumed to be a solid gold alloy with a mixture of gold and other metals unless 24k which means solid gold. Jewelry pieces are seldom made of solid gold as gold is too soft and is easily damaged.

Common bullion coins and bars

Check the markings made by its maker and its weight and dimension. The markings and measurements are usually accurate and not easily faked. Faking these coins are considered illegal in some countries as they are often considered legal tender. Read more...