What is a certificate when buying gold?

When buying gold, it is important that there is a certificate of authenticity. This is a document that states the authenticity, purity level, and weight of the gold. These certificates of authenticity are issued by recognized assay institutions such as the LBMA, or by refineries certified by them. They almost always issue certificates for gold bars and sometimes also for coins.

The benefits of buying gold with a certificate

When you buy gold coins or gold bars, you of course want to be sure that you are purchasing real gold. A high level of purity is also important. With a certificate, you can be sure of this, as this information is stated on the certificate.

Other important information is also listed, such as the serial number of the bar and the name of the refinery where the gold was produced. When you want to sell your gold again, the certificate provides advantages. Gold with a certificate is more easily accepted worldwide by dealers and investors.

Risks of buying gold without a certificate

Gold that is sold without a certificate is difficult to verify. It is often unclear whether the authenticity and purity of the gold can be established. This makes the gold less valuable and increases the chance that it may be counterfeit. In that case, you may pay a lot of money for gold that is essentially worthless. This is especially problematic if you want to sell your gold later.

How to verify the authenticity of a gold certificate?

Sometimes gold is accompanied by a certificate of authenticity, but the certificate itself may be fake. Therefore, it is also important to check the certificate for authenticity. Always check whether the certificate comes from a recognized authority, such as an LBMA-certified refinery. Then compare the serial number on the certificate with the number on the gold bar or coin.

In addition to the content of the gold certificate, also pay attention to other features, such as security elements like holograms and watermarks. This doesn’t guarantee anything, but it increases the likelihood that you are dealing with a genuine gold certificate. If you doubt the authenticity of the gold certificate or your gold purchase, consult an expert or use testing equipment.

Buying gold safely, with or without a certificate

It is important to always buy gold safely. Always do so through reliable dealers who always sell gold including a certificate of authenticity. It is also advisable to perform a density test or XRF analysis. This allows you to examine the density of your gold and what substances the gold is composed of. That way, you will know the purity level of your gold. Do you still want to invest in gold without a certificate? Then always buy from a reputable dealer, such as The Silver Mountain.

Do you need advice about buying gold with or without a certificate? Then feel free to contact the experts at The Silver Mountain.

Disclaimer: The Silver Mountain does not provide investment advice and this article should not be considered as such. Past performance is no guarantee of future results.