Posted on 03/31/2010 8:10:05 AM PDT by george76
Amid international accusations that U.S. officials in the Clinton administration replaced gold in Fort Knox with phony, mostly tungsten bars that were later shipped to China and other places yet unknown, a German refinery has now discovered that it has received a bogus "gold" bar as well.
The video proof was shown on the German television station ProSieben that ran the news story covering W.C. Heraeus in Hanau, Germany, the world's largest privately owned refinery.
In the story, Wilfried Horner, head of the gold foundry, shows a 500-gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had the right physical dimensions to be an authentic gold bar, but one of the Heraeus employees suspected something.
After the bar was cut in half, the TV audience could plainly see that the dark insides were tungsten, with only a coating of gold on the outside.
While the story never aired on American TV, it is available on the Internet.
Last fall, Rob Kirby of Kirby Analytics in Toronto reported that China's central bank had discovered nearly 6,000 400-ounce gold-plated tungsten bars among those it had recently received from bonded warehouses.
(Excerpt) Read more at silverbearcafe.com ...
If I recall correctly, the rumor was that the tungsten bars were produced in China and gold plated in the US.
Couldn’t you easily detect tungsten by trying to stamp it? Gold takes a stamping easily, tungsten would not yeild. I gotta believe they have some sort of incoming QA to tell the two apart.
As an aside, my wife grew up in Attleboro where there are a lot of jewelry companies. The guy who transported gold for one of the big ones was an elderly man dressed like a janitor who drove it in the trunk of his old jalopy. People (in those days) knew enough not to gossip about things like that and he was never robbed.
Somebody made off with a lot of money and POWER.
Here is some articles for you about this subject...
http://news.goldseek.com/GoldSeek/1258049769.php
http://www.goldinvestingnews.com/2900/gold-scams-shortchange-investors.html
http://news.goldseek.com/GoldSeek/1264196160.php
http://news.goldseek.com/GoldSeek/1264196160.php
http://www.popsci.com/diy/article/2008-03/how-make-convincing-fake-gold-bars
try doing some research.....
Try being a bit more polite.
Oh yes, sir! I’ll get right on that.
Thank you. That’s my back you got there!
De nada.
Years ago, some folks made counterfeit Krugerrands by alloying platinum with copper to make a gold appearance. Eventually the price of platinum went so high, the counterfeit Krugers are now worth more than the real gold ones!
I was in a hurry while at work, I didnt mean any disrespect to anyone
“No, Mr. Bond. I expect you to die!”
Best film line ever!
Our public masters will not reveal whom the culprit was
Our free press is silent on the matter.
I like your “idea”.
Who ever it was scared the crap out of the D of C
As George said “I am sorry I triggered the socialist landslide” or something close to that
Very very close.
And from another site...
A Chinese company called Chinatungsten is advertising imitation gold merchandise on its website. The following quote is taken directly from their Tungsten Alloy for Gold Substitution page:"a coin with a tungsten center and gold all around it could not be detected as counterfeit by density measurement alone ... We are well accustomed to exploit more innovative applications of tungsten products. Gold-plated tungsten is one of our main products."
Envision a gloomy old office, as if from a Gahan Wilson cartoon, which it happened to be.
Imagine an exceedingly decrepit old man, leaning on his cane, sitting in front of the desk. Behind it sits a much younger man, with a magnifying loupe examining a small object.
The younger man speaks.
“I’m afraid what you have here, Colonel Phlegm-Dottle, is a bit of chocolate covered in yellowish tinfoil.”
Your comment was unwarranted and abusive.
Looks like gold is near a short term peak again. This is the third tungsten scare noted on FR since November; previously, threads on March 2 and March 4 (keyword “tungsten” brings them up) absolutely perfectly bookended the March 3 top of about $1137.
Does anybody have a goldbug ping list? I can start one if we don’t have one and there’s interest.
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