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Author Topic: BT and others beware, someone is selling doctored gold!! [Locked]
Fallen_daemon  3 stars
Posts: 761
Registered: 2001-7-28 16:34:29
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.

http://ausbullion.blogspot.com.au/2012/03/tungsten-filled-gold-bars.html

 

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Anebriated  3 stars
Title: I should be reading a book
Posts: 650
Registered: 2003-1-27 21:26:11
lol
Nestor_II  1 star
Title: I Would Walk 500 Miles
Posts: 160
Registered: 2002-1-31 07:03:29
Which is why most serious investors buy certified 1oz bars and rounds, not from Joe on the street as some people do, then they whine that they got ripped off.

 

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Anebriated  3 stars
Title: I should be reading a book
Posts: 650
Registered: 2003-1-27 21:26:11
Nestor_II posted:

Which is why most serious investors buy certified 1oz bars and rounds, not from Joe on the street as some people do, then they whine that they got ripped off.



that bar was certified. better crop some of your bars, you're probably carrying some other metal. lolol

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