I have a novice question for folks…Has anyone here actually had experience purchasing precious metal bullion (platinum,gold,palladium,etc)?
I know this seems really strange, but I have my reasons. I was just curious about
1) How do I find a reputable dealer?
2) How do I guarantee the stated certified purity is really what it is?
3) Any additional gotchas I need to be aware of?
Not going to do this right away..Just want to do some homework.
The story goes that Archimedes figured out the best way of determining whether a crown was made of pure gold.
Method:
Weigh the object. From this the mass is calculated – mass = weight/gravity.
Immerse the object in water. Note the volume of water before the object, then note the volume of water after the object is immersed – this difference is the same as the volume of the object.
Now solve for the density. density = mass/volume.
Then compare to the density of gold found in text books.
The story goes that Archimedes figured out the best way of determining whether a crown was made of pure gold.
Method:
Weigh the object. From this the mass is calculated – mass = weight/gravity.
Immerse the object in water. Note the volume of water before the object, then note the volume of water after the object is immersed – this difference is the same as the volume of the object.
Now solve for the density. density = mass/volume.
Then compare to the density of gold found in text books.
.
