Detecting counterfeit coins involves a few simple techniques that anyone can perform with some level of expertise. Before investing it’s important to determine if your gold coins are authentic and worth their stated value. This topic has become more important as more investors are buying gold as a hedge in times of uncertainty.
Use a Magnet
Many experts recommend using a magnet to determine the authenticity of the coin. For instance, nearly all of China’s counterfeit based coins are produced with an iron-based planchet. If the coin sticks to the magnet, then it is counterfeit. Only one coin in United States history has been counterfeit. The 1943 steel penny is the only authentic coin that will stick to a magnet. All other gold coins that stick to a magnet will be counterfeit in the United States and...
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How To Invest In Gold
With Gold Prices soaring, the question that I hear most from novice investors nowadays is “How Do I Invest In Gold?”. Gold is always a great option for a portion of an investor’s portfolio. Gold can also be a great way to hedge inflation risks. There are many ways to invest in gold today and investors have many options available to them. For more novice, unsophisticated investors there are ways to invest in gold without having to shell out a lot of money. Yet for the more affluent investors, there are some other options to buy gold as well. Here are several examples which should give you some of the ways to invest in gold.
Gold Exchange Traded Funds
One of the easiest ways to get exposure to the rising gold market is via an investment called...