Monday, January 12, 2009

Actual silver

In my previous articles, I related an article wherein, my brother in law and I discovered a source for buying actual metals. Much of the hype and the risk involved in dwelling in this kind of investment is the fact if the metals sold to you is real or just a bunch of metals combined together with no inherent value. Knowing that there are so many various scams to hurdle, science once again has proven that there is a way to determine if gold and silver is pure or not.

So, on with our adventure. We purchased our first 500 grams of silver and have it assayed for a small fee, the metal was converted to a bar since they were in silver nuggets and when the melting process was done, the silver turned out to be .993, close to the .999 we were expecting. At least our supplier was credible enough. On refinement, the silver produces a shiny glitter and loses the dull gray color that it used to have.

We have attended a short lecture on how to determine the purity of the gold and silver through the use of chemicals and through the 'stone' test using nitric acid. More of this on my next post.

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