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Australian bullion dealer ABC Bullion is reporting that one of its suppliers has provided them photographic evidence of a tungsten filled 1 kilo gold bar,. The bar passed a hand-held xrf scan which showed 99.98% pure AU. The tungsten was only discovered when the bar was physically cut in half.
After numerous reports of 400oz tungsten filled bars being discovered in Hong Kong, this is the first documented and verified report with photographic evidence that has been made public, states Silver Doctors. ABC Bullion is a major player in the gold bar business and thus this report should be taken seriously
The last time a story of Tungsten-filled gold appeared on the scene was just two years ago, and involved a 500 gram bar of gold full of tungsten, at the W.C. Heraeus foundry, the world's largest metal refiner and fabricator. It also became known that said "gold" bar originated from an unnamed bank. It is now time to rekindle the Tungsten Spirits with a report from ABC Bullion of Australia, which provides photographic evidence of a new gold bar that has been drilled out and filled with tungsten rods, this time not in Germany but in an unnamed city in the UK, where it was intercepted by a scrap metals dealer, and was supplied with its original certificate. The reason the bar attracted attention is that it was 2 grams underweight. Upon cropping it was uncovered that about 30-40% of the bar weight was tungsten. So two documented incidents in two years: isolated?
Originally posted by Hessdalen
this is old and a "secret" because if people would know they would loose their trust in gold and silver...
US Sells Fake Gold Bars to China
www.exohuman.com...edit on 25-3-2012 by Hessdalen because: mindcontrol
At ABC Bullion we always recommend that you only purchase bullion from a well established dealer whose core business is bullion trading. See the Common Traps section of our website to help avoid issues when buying bullion.
Many pundits in the gold commentary space have commented on tungsten filled gold bars for many years, most notably Jim Willie, whilst the following does not prove his theories that US Treasury gold is compromised, it certainly makes the case more compelling.
ABC Bullion received the following email from one of our trusted suppliers this week.
It was not ABC Bullion that purchased this bar, the email and photos were sent to us as a general warning.
I xxxx'ed out the city's name to avoid any second guessing as to the name of the dealer.
Attached are photographs of a legitimate Metalor 1000gm Au bar that has been drilled out and filled with Tungsten (W).
This bar was purchased by staff of a scrap dealer in xxxxx, UK yesterday. The bar appeared to be perfect other than the fact that it was 2gms underweight. It was checked by hand-held xrf and showed 99.98% Au. Being Tungsten, it would not be ferro-magnetic. The bar was supplied with the original certificate.
The owner of the business that purchased the bar only became suspicious when he realized the weight discrepancy and had the bar cropped. He estimates between 30-40% of the weight of the bar to be Tungsten.
This is very worrying and reinforces the lengths that people are willing to go to profit from the current high metal prices. Please be careful.
Originally posted by isyeye
reply to post by AaronWilson
No there's nothing new about people trying to fake gold, but this is a first for photographic evidence of the tungsten-filled bars proving that that gold and other metals are not always a safe investment. I'd bet there are alot of these in investors hands that don't know that they got screwed.
reply to post by Hessdalen
Thanks for that link. A very informative read.edit on 25-3-2012 by isyeye because: (no reason given)