Investing in gold has its fair share of scammers and fakers

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In general, specifications for gold products (especially gold bullion and coins) may vary from one country to another. We advise you to know the specifications of gold products for the country in which you intend to purchase it from one of its stores or companies. 4. Identify the purity of gold in each karat There are three types of gold karat: 24 21 18 Products manufactured from 24-karat gold are the purest gold products, as 99% of them are gold.

As for products manufactured from 21-karat, only 85% are gold, while the Telegram Number Data remaining 15% represent other metals used in shaping and vary from one country to another. For example, Egypt relies on copper to facilitate the process of forming gold jewelry, while Saudi Arabia relies on mercury, and so on. Finally, products manufactured from 18-carat gold contain the lowest percentage of gold among them. Gold in these products constitutes only 75% of them, while the remaining percentage consists of forged metals. 5. Check the seller's reputation It does not matter what type of gold product you intend to buy or even the nature of the seller (company - merchant - store), you must check his reputation before purchasing.




Just like investing in any other field and sometimes even worse. You may also choose a trusted or trustworthy seller, but he is not skilled in his work. Owners of gold stores and stores are exposed to deception more than is common, especially when they buy used gold jewelry. Just like counterfeiting paper currency, gold jewelry is subject to counterfeiting, and even gold bullion and coins. This means that you need to make sure that the seller from whom you intend to buy gold is trustworthy and an expert in the field of gold as well. Verifying both matters varies slightly according to the seller you will deal with and the gold you will buy.