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re: Does anyone actually use Bitcoin to buy/barter?
Posted on 12/28/24 at 12:42 pm to cadillacattack
Posted on 12/28/24 at 12:42 pm to cadillacattack
quote:
Easy to use metal tester, or the traditional fallback is melting it … silver is easy too.
You'd be able to tell the difference between five nines gold and 95% gold?
Fraudulent gold, gold bars and gold coins are real things.
1
Posted on 12/28/24 at 1:55 pm to SlidellCajun
The software doesn’t accept USD
Posted on 12/28/24 at 1:58 pm to ChiGator
quote:
The software doesn’t accept USD
Sounds sketchy as hell or not American.
Is it foreign?
Posted on 12/29/24 at 7:44 am to David_DJS
quote:
You'd be able to tell the difference between five nines gold and 95% gold?
Affirmative
Posted on 12/30/24 at 10:50 am to cadillacattack
quote:
Affirmative
How would you do that?
Posted on 12/30/24 at 12:42 pm to David_DJS
as stated earlier
the easiest test methodologies to learn are the acid test kits (for authenticity and purity), digital scale (for numismatic weights), ..... or in my case I use a sigma metalytics device because it's more practical and portable. So I can easily carry it to coin shows, estate sales, auction houses, or private sales.
quote:
Easy to use metal tester, or the traditional fallback is melting it … silver is easy too.
the easiest test methodologies to learn are the acid test kits (for authenticity and purity), digital scale (for numismatic weights), ..... or in my case I use a sigma metalytics device because it's more practical and portable. So I can easily carry it to coin shows, estate sales, auction houses, or private sales.
Posted on 12/30/24 at 1:24 pm to cadillacattack
Those tests determine purity or just the presence of or predominance of gold?
Posted on 12/30/24 at 2:47 pm to David_DJS
Purity (e.g. 12k,, 14k, 18k, 24k)
Posted on 12/30/24 at 4:32 pm to cadillacattack
quote:
Purity (e.g. 12k,, 14k, 18k, 24k)
How does the acid test do that?
Posted on 12/30/24 at 5:02 pm to David_DJS
Here, answer your own questions:
https://www.goldnscrap.com/post/learn-how-to-test-karat-gold-with-touchstone-and-acid
https://www.goldnscrap.com/post/learn-how-to-test-karat-gold-with-touchstone-and-acid
Posted on 12/30/24 at 5:18 pm to cadillacattack
quote:
Here, answer your own questions:
Even for someone that's practiced in the method, how accurate do you think the acid test is in determining the purity of gold?
And to be clear about something, I'm not flicking shite at you here. I'm curious about your understanding/experience and appreciate your taking the time to respond. My background includes a few years (many years ago) on the production/refining side of this equation.
Posted on 12/30/24 at 8:47 pm to David_DJS
I’ve found the acid kits to be reasonably accurate at testing the sample. Advantages = cheap, easy, quick-and-dirty, good for field use. Disadvantages = sample dependent, messy, reagent shelf-life. Particularly useful when testing refined Ag … touchstone allows for easy sample collection when drilling a sample isn’t practical. I drill samples when testing bars or rounds, although I hardly ever purchase those anymore. Most of my purchases are government minted numis … which have known weights and compounds … so relatively easy to authenticate.
For refined gold I primarily use the SM device and a digital scale, whether it’s for bullion or numismatics. Once I test them, it gets documented, photographed, and filed, including a printout of the SM scan for purity.
Newly minted bullion can be purchased directly from numerous government mints, and rarely requires authentication (e.g. US Mint, Royal Canadian Mint, Perth Mint) … pretty good safety measure.
Incidentally, several of the large online brokers permit the purchase of precious metals using Bitcoin. Their Bitcoin pricing is higher than the cash/wire price, but cheaper than the credit card price .
For refined gold I primarily use the SM device and a digital scale, whether it’s for bullion or numismatics. Once I test them, it gets documented, photographed, and filed, including a printout of the SM scan for purity.
Newly minted bullion can be purchased directly from numerous government mints, and rarely requires authentication (e.g. US Mint, Royal Canadian Mint, Perth Mint) … pretty good safety measure.
Incidentally, several of the large online brokers permit the purchase of precious metals using Bitcoin. Their Bitcoin pricing is higher than the cash/wire price, but cheaper than the credit card price .
This post was edited on 12/30/24 at 9:22 pm
Posted on 12/31/24 at 12:20 pm to SlidellCajun
Lotta questions.
Posted on 1/1/25 at 3:11 pm to cadillacattack
quote:
Newly minted bullion can be purchased directly from numerous government mints, and rarely requires authentication (e.g. US Mint, Royal Canadian Mint, Perth Mint) … pretty good safety measure.
Yeah, this is the way to go unless you're okay with a little 5% or so error.
quote:
Incidentally, several of the large online brokers permit the purchase of precious metals using Bitcoin. Their Bitcoin pricing is higher than the cash/wire price, but cheaper than the credit card price .
Interesting.
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