HOW TO SPOT A FAKE 1 OZ GOLD BAR, what to look for

This video shows a fake 1 oz gold bar and then goes into the details of what consumers can do to help to verify authenticity. A direct comparison is made to an Englehard Gold Bar and the fake gold bar goes through several tests.

[GertrudePerkins]

ALWAYS buy gold bars and bullion either directly from an official government mint or from a reputable gold bullion dealer.

NEVER buy off sellers on eBay.

Would have been nice to see a "ping" test with genuine gold, to compare sounds.

[ilovesuisse]

I’m Swiss and i can assure you no Valcambi or any other bullion minted in Switzerland ever has the statement ‘unmistakably Swiss” written on the packaging, that alone is a red light that something is not correct.

[jduff]

Mike - it's the same old adage "if it looks too good to be true, it probably isn't" People who buy gold on E-Bay from sellers in China "because it's much less than buying gold from a reputable dealer" almost deserve to get ripped off. Almost, but no one deserves to get ripped off. Greed comes in all shapes and sizes. An important thing is to spend time learning as much as you can before buying. I spent about a month watching, listening and reading before I made my first small silver purchase - and now I'm doing the same for gold. I can't tell you how happy I am that people like you post these videos as a public service so people like me don't buy a fugazi - thank you!

[charlesclements]

Two (2) things: First, I wished that you had done the "ping" test with the true gold. I really wanted to hear the difference. Second, I wished that you had held the meter so I couldld have seen it better or read the numbers out loud. Anyway, thanks for the video. The information was very valuable to me.

[zzyzxzee]

The number 1 thing is to deal only with reputable dealers

[edintalundzic]

There is one more thing I forgot to mention. The real Scotia Bank 1oz bar doesn't have a serial number on the bar itself. Only the package bares the number, exactly like the fake bar you showed. You can't compare apples and oranges. Not all mints have the same standards when it comes to packaging, securing and marking their products.

[kohaku]

The best way to spot a fake is to first know what a real one looks like.

[fatgirlboy]

in short if it is too big then it means it is not dense enough to be real gold

[shoegum]

Settings > Speed x 1.25 (You're welcome)

[TheOnlySaneAmerican]

The first thing I noticed was the poor print job on the label.

[bxz]

I wonder how many mugs are sat with bars of tungsten in their safes lmao.

[ballpeenbaby]

I bought a real 1 kilo gold bar in Chinatown for 60 bucks.

[emoremmakingmetalmine]

I just made a video about Fakes! People need to be made aware! Thanks MH, we need more videos like this!

[MarkMphonoman]

Certainly looks real out of the package. Unfortunately, most people won’t take the time to look that carefully and the bar will end up sitting in a safe deposit box for years as other people also get ripped off. So sad there are so many crooks in the world.

[MV-bjyk]

Would like to see an density test of actual bar.

[lanicross]

I got my gold bar from my LCD. I got it home and upon close examination I see tiny grayish/black dots that appear to be "chipped" gold plating. I cant really tell because of course the plastic won't move. Everything else looks spot on, but now I am really worried. What would you do? Thank you.

[AC-ewxr]

hi - where can i get a tester like that? i can't find any precious metals detector to let me know it's not counterfeit. i got one and it beeps for ALL METALS (stove, purse, etc.) so it's useless. I need a counterfiet detector that's not too costly for precious metals if anyone can help! thanks

[douzaine]

To me, Scotia (the reverse logo)is one of the 7 canadian banks. Its a well known Canadian name... but they say it's swiss :/

[philiplippens]

mike, I'm pretty sure that size has nothing to do with it. I had a 1oz credit swiss and a 1oz NTR and the NTR looked much larger than the credit swiss, when I sold them the buyer x rayed them both, they were real. Thoughts?