If you invest in precious metals like gold, you must know that you’re purchasing a genuine and authentic product. Fortunately, a simple way to verify whether you are about to buy real or fake gold bullion is by checking each gold bar’s serial number.
Why Do Gold Bars Have a Serial Number?
The law states that every precious metals manufacturer must serialize and mark every gold bar before they can go on the market, regardless of size or shape. You can think of it as designer handbags or fine jewelry. Suppose you splurge on a Louis Vuitton purse or a Rolex watch. In that case, verifying its authenticity and ensuring you didn’t buy a knockoff is essential.Well, the same goes for gold bars. Adding a unique number makes it simple for buyers to identify, verify, and trace the origin of its manufacturer. While gold coins don’t require specific numbering, they have distinct markings and characteristics that make them instantly recognizable and differentiate them from counterfeits.
