Fake Gold, Fake Silver: How to Identify Counterfeit Bars and Coins (Part 2/2)

Stansberry Research, Released on 3/22/22

For Part 1 of this interview, CLICK HERE

As a precious metals investor, how do I know if my assets are real? In the second part of this interview, Mark Yaxley, Managing Director at Strategic Wealth Preservation, walks us through four steps people can take to identify counterfeit bars and coins. First, “buy from a reputable dealer,” says Yaxley. “Counterfeiting is a reality that all industries face,” he explains to Daniela Cambone in this episode. Yaxley then breaks down the techniques and machines used in order to test precious metals through non-destructive testing methods. “I’ve come across some [precious metal assets] that you’d be shocked that they made their way into the system,” he says with caution. “Gold, silver, platinum, and palladium tend to trend in the same direction, but in shorter periods of time, they can break out on their own,” he concludes when discussing palladium’s recent uptrend in price.

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