Gold Counterfeiting Goes Viral: Let's becareful out there!

[KilkennyArms]

Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan

A few days ago, our report on the discovery of a single 10 oz Tungsten-filled gold bar in Manhattan's jewelry district promptly went viral, as it meant that a tungsten-based, gold-counterfeiting operation, previously isolated solely to the UK and Europe, had crossed the Atlantic. The good news was that the counterfeiting case was isolated to just one 10 oz bar. This morning, the NYPost reports that as had been expected, in the aftermath of the realization that the sanctity of the gold inventory on 47th Street just off Fifth Avenue has been polluted, and dealers promptly check the purity of their gold, at least ten more fake 10-ounce "gold bars" filled with Tungsten has been discovered.

Full Article

http://www.zerohedge.com/news/2012-...ten-filled-gold-bars-are-discovered-manhattan

 

[10Seconds]

Not really surprising. It was only a matter of time.

 

[oneof79]

I guess I am gonna have to check all of mine.

 

[KOPBET]

I don't think I have to worry about buying any 10 oz. gold bars anytime soon.

 

[FullAuto]

10 oz bars are a pretty big chunk of change. I don't think I'd ever buy anything other than a 1oz coin.

 

[okiebryan]

I'd think that would be pretty easy to detect, since tungsten and gold are not the same mass.

 

[okiebryan]

I don't think I have to worry about buying any 10 oz. gold bars anytime soon.

Exactly this.

 

[71buickfreak]

A little of 18 grand for 10oz.

 

[okie98]

WAaaay out of my budget!

 

[Perplexed]

I'd think that would be pretty easy to detect, since tungsten and gold are not the same mass.

Gold has a density (at room temperature) of approximately 19.30 grams per cubic centimeter; for tungsten, it's 19.25 grams per cubic centimeter. You'd have to have handled many 10 oz. gold bars to spot the difference, I'd think.