This is the kind of honesty you would expect from a decent bullion dealer. Down to earth, showing the fake versus real items and giving us the heads up on how to spot it. You guys at Bullion Now are the best, thanks.
No they're quite possibly the worst because they don't know how to use any of: density test, magnetic susceptibility test, or ultrasound test. Gold-plated tungsten bars would pass these guys because they are okay with XRF only if the size is right. Tungsten has the same density as gold so the dimension comparison they showed at the beginning would pass. I wonder how many fakes they have in their possession. I have seen tungsten fakes that are perfect dimension and pass XRF. If I were looking to sell a tungsten fake, these guys would be a perfect victim.
Great video ! I had to go back and check my 1oz gold bars after watching this ! I bought from a reputable seller that's the most comforting part. Cheers fellas !
Nice video very good info i watched my local bullion dealer have to tell a old guy that brought his stack in that almost all of it was fake it was one of the saddest things i have ever seen around 100k worth of fake metal
@@BullionNow Hey mate I just had to ask... I did recently buy a 50g Perth mint bullion from a highly reputable dealer based in Brisbane and Melbourne which is all well and good. One thing that caught my attention is that on the back of alot of these bullion cards has the assayer signature, however mine does not have that signature, though noticed some advertised by even perth mint itself did not have this signature.... Just curious what this might be about.... Edit: noticed the real one you showed in this video didn't have the signature either, with the exact same font bar number👍
There are heaps of Silver Perth Mint coin fakes all over eBay. eBay does NOTHING to kick these sellers out. It is a federal offence to counterfeit currency, which Perth Mint coins are. If it looks too be good to be true it probably is.
I'm not in aus but I'm thinking of picking up one of those perth mint 1oz cast bars as my first gold purchase, they're cute. also probably a good way to familiarise myself with the feel of gold without worrying about tarnishing it.
🤣 An XRF machine only penetrates a few microns into the metal and DOESN'T go all the way through, hence a good fake WON'T be detected. Only way to know if its real gold all the way through is to cut the bar in half and examine the inside. So many people buying fake without even realising it.
We use a variety of methods for testing. Including density checks and conductivity which aid in testing those larger items that XRF may struggle with. We have also cut bars or drilled but this is always a last step as it's obviously very destructive to the item.
Do the cast small bars supposed to bing when hit with something? I have one that tests Au but when I do the sound test it does not sound like a gold coin.
Some remember people, always check the weight and size of the product, that the best way to eye test. But the best way is to have it checked by a professional who has a testing machine.
I'm actually a little proud of myself for how many I got right especially considering I've only seen photos at this point of most. With the Silver kookaburra maybe it was just a lucky guess but the patterning on the feathers looked more like a crinkle pattern. I see you guys are using an XRF gun, but how do you rate those Sigma devices?
Always seems astounding that somebody out there is spending time and money attempting to create fakes. It's can't be a simple process. It must pay off in the long run.
The prevalence of fakes on the markets isn’t a concern for dealers as they have the means to determine if they are correct. The real issue is for your buyers when they wish to sell their bullion, market confidence in the secondary market limits our ability to liquidate without losing the premiums we paid when purchasing.
I picked the REAL CROC fella's, because I have 3 tubes of them with 'MILK SPOTS' & I got to get a real good look at them while I was fixing them up with a white PENCIL ERASER. Yes folks, I only bought them for the .9999 silver, so don't stress.
My predictions were 100% right, 14/14, yay me Though you didnt test the reflective bar but I'm guessing it's fake I'm not familiar with the crocs and that was the hardest for me to decide but the fake versions foot had less detail on the scales. Kookaburra fakes feathers were also off, as well as the reverse proof finish
Learn how to tell FAKE gold and silver bullion from REAL ones! With the production quality of fake gold and silver bars and coins getting better and better, you really need this valuable information. Buy the REAL stuff at www.bullionnow.com.au/store