Investing in precious metals remains as one of the top choices for people who want security on their assets. But when talking about precious metals trade, most people still choose to invest in gold and silver because of their high value. However, platinum investments begin to become a viable option for people who want to expand their properties.
This greyish white metal is usually mistaken for silver. However, platinum looks so much shinier and brighter and more durable compared to silver. Platinum is also one of the most expensive metals used in making jewelry. But if you plan to invest in platinum online, you need to make sure that you will only get authentic items.
Here are several tricks that you need to remember so you can spot fake platinum using your naked eye.
Analyze The Source
The first rule that you must always keep in mind when investing in precious metals is to know where you will get it from. Determine whether the person selling it has an esteemed reputation. You may ask other precious metal investors to verify if that person sells authentic platinum before you hand over your hard-earned money. If you plan to look for platinum online, you still need to be sure that the web-based company is credible. Look for reviews about the company online and see if it has any records of counterfeit transactions. By doing a background check, you will save yourself from losing money over fake platinum investments.
Avoid Bargain Deals
As one of the most precious metals on earth, finding cheap platinum is close to impossible. You may only get it for less than its original price if you buy from family or one of your closest friends. So if someone offered you platinum worth half the suggested market price, then you must think long and hard before buying it. Remember, if the price is too good to be true, then it must not have any value at all.
Differentiate Platinum From White Gold
While white gold also has excellent value, you still need to set it apart from authentic platinum metals so you will not get ripped off. First, you must keep in mind that platinum is more solid than gold. It means that it will be difficult to break this metal compared to the other ones. Also, you may leave a dent on the gold if you take a hard bite on it. On the other hand, you will not see any changes to your platinum metals after biting. Due to its density, platinum weighs more compared to gold and silver.
Distinguishing Marks Of A Fake Platinum
The easiest way to check the value of the platinum is to take it to a precious metals expert. They can identify the fake one using their naked eye. But if going to an expert is not in your option, you can still check the metal if it is fake or not by rubbing it against a sturdy and solid surface. The outer coating of the fake metal will get scratched against the surface. As a result, the inner metal will get uncovered.
Finding authentic platinum metal can be a challenge because of its rarity. But as long as you keep all these things in mind, you can avoid investing in knock offs that do not have any actual value. Investing in platinum online could be rewarding in the long run if you know all the tricks and trade on spotting authentic metals in an instant.
Readers Might Also Like: