Gold Bars in ASSAY - Be Very Careful

i bought a 20g perth mint bar sealed from a reputable dealer and when i asked him to scan it using the XRF gun, he did but it showed it was 95.8% gold through the plastic packaging, he said this is normal, and it wont show 99.9% gold through the plastic, is this true?

What about Eagles and Buffaloes?

Nice Job.

👍🏼

Anything with a Chinese or Korean writing is generally fake, those squinty eye's are worse than niggers. Excuse my French

Every test said red flag, and he determines it’s real . Wtf

you need a Vantage GX is much meter and will tell you what's in it all the way through and all other metals in it

Thanks for the video

It's kind complicated for all the test ,I love the dragon Bar but too risk to buy one

This is a great video! I have learned the hard way based on purchasing and selling experience that if you ever purchase gold bars/coins, stay away from assay carded gold bars and 22K/91.67% gold coins (not financial advice, but just a preference based on experience).

Here in Canada, 22K/91.67% gold coins (e.g. American Eagle and South African Krugerrand) demand a selling price below spot just because it's 22K/91.67% gold, and gold bars that have been opened from their original assay card plastic packaging demands a selling price below spot as well.

I have a personal preference of being able to physically hold gold, so assay carded gold (in my opinion) is just a marketing gig to justify selling premiums and ironically if you open them from their packaging, you stand to lose selling points if you decide to sell them to your local gold dealer/buyer.

Simple is always better; just go ahead and buy widely recognized 24K/9999 fine gold coins (RCM Canadian Maple Leaf for example, preferably the DNA version for added security and peace of mind).

I hope to own gold bars real soon. How gold got to be twenty three hundred dollars an ounce is beyond ridiculous.
In 1987 when I was 20 years old gold was $300 an ounce. It's gotten so bad that normal people living normal lives can't even buy gold anymore.
So whoever is running the gold market I can only say to you right now to lower the price of gold so at least most people can get it for God's sake!

My dad came home (australia) from vietnam and he showed me this gold bar and i just stared at him. I asked if its legit because the packaging is mediocre. He said he bought it from a jeweller but im not buying it.

I began buying this year At first I was told to buy bars because of lower premium but then I found that it would be hard to sell. I am selling my bars ack to the dealer but it is very slow on their end.

Only buy gold from reputable dealers dont buy gold on line especially chinese they are the most fraudulant. There was a guy here in town who bought a one once gold chinese bar for 600 dollars under spot, he paid 1200 dollars for it and it turned out to be gold plated tungsten. He lost 1200 bucks, how heart breaking.

I stay clear away from chinese gold bars and coins.

Measure the electrical impedance of a coil with the bar or coin inside. Compare the readings to a identical you know is good.

Why do the flakes have ti be so real looking…

Don't buy things from China, that one looks like a China made one. In China, people found the gold bars they bought from banks are still fake. Maybe not all of them, but we do see such news from time to time.

Excellent Vid Great Education ,Cheers me subbing

This video or for people who know absolutely nothing about gold bars

Would your machine normally say thin for a bar of that thickness? Because plating is thin...

Bitcoin fixes this. ridiculous

If you buy from reputable exchanges, you'll be finr

Gold doesn't lose value when it's taken out of the assay 😅 if your a business you just say that to get it cheaper from people

Lol why would the value go down if taken out

Just get it out of the package, gold is gold it doesn’t hurt that much value.
Might as well melt it down

I was in a gold seller's shop abroad one time and asked the seller how to tell if gold is fake. He licked it. He said you can taste gold's taste.

well, it's 2024 and is the year of the Dragon..again

Ugh…that was brutal

Yeah, pass the problem onto your kids, lol.

Agreed. I bought a bar from SDB because of a sale and while I'm sure it's real I may not get even spot when I go to sell. Stick with coins.

So you wanna hold on to it , and not break the assay card ( even thou you yourself said that ANYTIME u wanna sell it ANY dealer will take it out of the assay )

Plus , u wanna pass this LIKELY SHAM gold bar to your kids ????


I think you just dont wanna admit to yourself you were scammed.

Its ok to be scammed even dealers get scammed sometimes. Face it and make a video of it

Personally , I am SURE this is a fake bar. The sigma machine is safe to test. Even in assay card, WHICH HE SHLD HAVE REMOVED

Well, hate to tell u this.... that assay card is PLASTIC. Jus remove it to test. Always remove all the plastic and feel and test your gold.

Gold as w all metals , are valued at their spot price when u trade in. Plus gold doesnt tarnish. Stop worrying about the plastic and enjoy the gold.

The price of coins is affected by factors other that the amount of gold and are generally more expensive as they reflect the subjective value as a collector item rather than just the pure gold weight

It should be illegal to make crap like this punishment loss of ✋

Did you ever come to a conclusion? Ive seen alot of fakes of that particular bar

it shows off to the side because it is plated with 24k gold

All through the video and even after or while or to do all these tests, you haven't opened the coin or bar from their packages. What's so expensive or whatever about that? You won't even open or touch and keep them like that for life? What's the use then?

Why go through all the nonsense stick to what you know, at least that what Warren Buffett says. Forget all the BS Frills and artistry the only thing that goes up is the real gold so stick to the coins

Apmex and jb bullion only place i get gold from

I don’t buy them in assay card I hate them

I buy bars normal without

I don't understand how taking a gold bar out of the assay card will make the value of the gold go down. Or am I mistaken?

All these tests you’re doing should be done on the gold article outside it’s packaging. Even using an xrf. No point if it’s got it’s packaging. Accuracy is still uncertain.

I recently purchased a one-ounce bar from an online precious metal dealer that prides itself on being very low priced. They had a sale on a brand of bars and I purchased one. The bar turned out to have a prominent defect on it. When I contacted the dealer, they acted like this was normal. Long story somewhat short, there was no resolution to this and I will never purchase anything from them again. But buying the defective bar led me to go to a local coin dealer (to ask what could have caused the peculiar defect) and he gave me an education on bars. For one thing, he said that the Chinese have made some kind of spray that they put on the bars they produce so that anyone who tries to test them can't tell that they are fake. No more bars for me, only coins. Thank goodness I only have a few bars (but they are from a more reliable and trustworthy dealer than the one I bought this bar from).

As soon you said that gold value decreases when you take it out of its package, I just stop watching the video because one of the first things you said was 🐂💩

If You have a Local Bullion Dealer I would suggest You buy Your Gold Bars and Coins there... I Don't buy Pretty Coins because they have Higher Premiums and You will NOT get any more for them when You go to sell them...

Canadian.

I like pure gold bars .

Buy Platinium, there is no "feasible" way to fake it.