Gold and Silver Now(Rather than a promise in the future)Silver Stock Reportby Jason Hommel, May 1, 2009Precious Metals Trading is an odd business. In theory, other bullion dealers are my "competitors" and I should not mention them by name. However, when other dealers write things that are so good, I can't help but mention their work, and give them referrals, which may even cause me to do less businss. I'm not paid to promote them, but Tarek writes something so powerful, so important, so clearly, and I agree with it so much, I had to share. After all, it's more powerful when it's not just me saying it. Tarek Saab, with goldandsilvernow.com asks why precious metals investors prefer govern-mint coins. I find it ironic, too. The reason to buy silver and gold is when you don't trust government promises, yet most people seem to prefer government coins. See Tarek elaborate here:
Also, momsilvershop.com is helping the Lydian Mint sell products in smaller amounts, and she wll ship internationally. Yes, Joyce is, indeed my real mom, both by blood, and yes, she raised me. We are also selling the Lydian Mint's new 1/4 oz. gold pieces at the rocklincoinshop.com. So since we are both selling them, we tested their purity this morning. I'll let Matt explain: Put to the Test - Verifying the Authenticity of a Lydian Gold Coin There are four tests that will verify without a shadow of a doubt that a gold coin is real: Weight, acid score, acid rub, and the ultimate test -- cutting it in half. To prove that our stock of Lydian Gold Coins were good, we took a random coin from the stock. The coin weighed out at exactly 7.775 Grams, exactly ¼ Troy Ounce, as indicated on the coin. Next, we made a small score on the edge of the coin, and placed a drop of nitric acid on it. Nitric acid will not affect gold, and did not affect the area of the coin that was scored. This verifies that the coin is not plated. The acid rub test is a standard jeweler’s test, and verifies the karat weight of the coin. In this case, the coin tested at 24 Karat, or .9999 fine, as indicated on the coin. To conduct the final, ultimate test, we cut the coin completely in half to completely verify that the coin was indeed pure “all through.” Yes, I know why most people prefer government coins. They want something that is easy to recognize, that dealers will recognize. Let me share a little hint. The gold test kit costs $400. The paper money bill couner/verifier costs $2500. It's much easier and cheaper to recognize and test gold than paper money.
Jason Hommel |