[INFOGRAPHIC] How-To: Test for Counterfeit Gold and Silver
Arguably the most important aspect of buying gold and silver is verifying authenticity. Without it, you’re getting taken to the cleaners.
The following infographic reveals the various types of counterfeit scams as well as simple tricks to identify real gold and silver. In addition, helpful tests are included to ensure you’re buying the real thing.
• Make sure to understand how the various tests for recognizing fake gold and silver work so you can use them when needed.
• Buy from reputable sources. If you're on eBay or Craigslist and the prices look too good to be true, they are. It's just the way the cookie crumbles.
• Recognize new technology. Many of the Mints are adding security features to newer products in an effort to prevent counterfeiting. Learn what they are and how to spot for fakes.
While these are only tidbits of information, they could end up saving you an immense amount of cash. Don’t learn the hard way.
If the infographic doesn't help here's a visual explanation for testing gold and silver.
Battery-powered future depends on a few crucial metals
In the big, exciting future that’s measured in kilowatt- and gigawatt-hours, batteries are enabling mass electrification across many sectors. The rapid decline in battery prices has ensured burgeoning interest from electric-vehicle makers and consumer-electronics manufacturers- even from the energy industry, for enormous stationary storage systems operating on the power grid.
Companies such as QuantumScape Corp. are developing next-generation batteries that could accelerate the transition. The field is so competitive that the industry is shrouded in secrecy, but the market still values the company at more than $16bn despite no promise of real revenue for many years to come.
It will be years before any battery breakthroughs reach the mass market. But it’s already virtually certain that rising demand for existing lithium-ion batteries will be exponential and can be matched by manufacturers only if the materials used to make batteries - primarily lithium, cobalt , and nickel - are also supplied adequately. These curves will become steeper in the decade ahead. Take a look at the charts below that show where things are headed.
Electrification has become a key theme for automakers in the US and Europe. While it was barely mentioned a decade ago, company executives are increasingly talking up batteries and electric vehicles to investors.
The rapid decline of battery costs over the past decade has surprised even the most optimistic analysts. That has played a crucial role in opening up new markets for batteries to find applications.
Electric cars will be the biggest force behind the boom in demand for batteries this decade. But batteries will also increasingly be used for smaller vehicles like scooters, commercial vehicles and to store electricity from the grid.
The decline in battery prices have helped grow the investment case for storing electricity. Companies and financial firms are now investing over $100 billion a year on energy storage and the electrification of transportation.
All the energy stored in a growing number of batteries will require a significant increase in a few key metals, lithium, cobalt and nickel.
(By Will Mathis and Akshat Rathi)