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Wednesday, December 14, 2022

How To Distinguish Precious Metals From Counterfeits

Above, a 1921 Morgan silver dollar. Photo by Armand Vaquer.

With Bidenflation roaring lately, many people (including me) are turning towards investing in precious metals such as gold and silver.

With gold at around $1,800 per ounce, it is a "little" pricey for the average person. Silver is much more affordable. Silver's spot price reached $24 per ounce yesterday, but has come down to around $23.71 today.

How can you distinguish between real gold and silver from the fakes? BBN Times has posted an article on how to tell the difference.

They begin with:

Precious metals are a hot commodity right now, and with the price of gold and silver reaching all-time highs, it's no wonder that counterfeiters are cashing in on the trend.

It can be difficult to tell the difference between an original precious metal and a counterfeit, but with a little bit of knowledge, you can protect yourself from being taken advantage of. In this blog post, we will discuss how to distinguish original precious metals from counterfeits. Stay safe and don't get scammed!

For one thing, only buy from reputable dealers to minimize risk.

To read more, go here.

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