Fake Gold anyone?

[Mega]

I wonder If EJ has any thoughts on this?
http://www.daily.pk/fake-gold-bars-i...rt-knox-14477/

Mike

[dummass]

Re: Fake Gold anyone?

I wonder If EJ has any thoughts on this?
http://www.daily.pk/fake-gold-bars-i...rt-knox-14477/

Mike

This was discussed here several months ago. The best advice was to stop buying 400 oz bars. One oz gold coins are the preferred exchange anyway.

[metalman]

Re: Fake Gold anyone?

This was discussed here several months ago. The best advice was to stop buying 400 oz bars. One oz gold coins are the preferred exchange anyway.

yeh, stop shelling out $452K a bar of who knows what.:cool:



buy these from a reputable dealer...

[Mega]

Re: Fake Gold anyone?

Like the US Mint?
Mike

[metalman]

Re: Fake Gold anyone?

Like the US Mint?
Mike

the usa mint buys gold bars to melt them down to make coins. if a bar's tungsten they learn right quick it ain't gold... & the seller gets a visit from these boys...

[Mega]

Re: Fake Gold anyone?

I think this is the Chap China hired to look into this little matter for her:-

[newnewthing]

Re: Fake Gold anyone?

"The Chinese were quick to investigate and issued a statement that implicated the US in the scheme."

Right. I don't see a "statement" from the Chinese. Nothing like a bald assertion without backup.

CT's are all the rage in Pakistan these days.

[newnewthing]

Re: Fake Gold anyone?

There are at least 4 easy and cheap ways to tell if a gold bar has a tungsten core:

1. Static B field distortion due to para-dia magnetism.
2. Electrical conductivity.
3. Thermal conductivity
4. Acoustic (speed of sound) measurement.

No drilling required.

[LargoWinch]

Re: Fake Gold anyone?

Just found out about this great little device to test common gold coins and sells for $23 (I have no affiliation with the company):



http://www.goldcoinbalance.com/