Most people are interested to invest in gold. Since there are those who do it without enough knowledge, they are often fooled into buying fake gold. Fake gold is skillfully created to look like real gold so even experienced buyers can be fooled. But, do not worry! In this article, we will share to you some tips on how you can avoid buying fake gold bullion.
Check the reputation of the retailer.
Before you purchase gold bullion from Adelaide retailers or any retailers in your local area, look into their reputation first. You can determine if they are able to provide quality service through the reviews you read online. See what their previous clients have to say about them and the services they are offering. Look into the negative feedback and see how it was dealt with. If you plan on buying online, make sure that they can provide you with a guarantee on the authenticity of the gold bullion that they are offering. A trustworthy retailer will not hesitate to provide you proof that they are indeed selling real gold bullion.
Ask about their methods in checking the authenticity of the gold bullion they offer.
As there are plenty of counterfeit gold bullion these days, even the professionals can be a victim of it. Talk to the retailer so you can find out how they check the gold bullion products they sell to their clients. Retailers will also take extra precautions before they add any gold bullion to their inventory as selling fake gold will also affect their reputation too.
Test the gold bullion.
If you have plans to purchase gold bullion, it would be best if the retailer has a showroom or an office where you can personally see the gold bullion you are planning to purchase. If not, you can always conduct tests to see if the gold bullion you purchased is indeed authentic. There are tests you can easily do at home. There are professionals that offer such services as well. You can also ask the retailer if the gold bullion can be evaluated or assayed first before you complete the payment. In case you find that the gold bullion is fake, you can quickly cancel your purchase.
Those are tips on how you can avoid buying fake gold bullion. Remember what we shared to you and invest in gold wisely!