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

 
Anonymous Coward
User ID: 1285189
Netherlands
09/23/2012 03:32 PM
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Re: 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.

[link to www.zerohedge.com]
 Quoting: gebahie


I think this is a psyop to scare people away from gold purchases.
 Quoting: Macraider


me too....it's just too obvious imo
 Quoting: Anonymous Coward 24294295


that or to drive the price up or down temporary
xBehindthetruthx

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09/23/2012 03:37 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan


[link to www.youtube.com]
The real truth isn't for everybody
A/C
User ID: 22385383
United States
09/23/2012 03:40 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
This has been known for at least 2 years. Perfectly machined tungsten bars were found before they had been overlayed with gold a few years ago. It was hushed up, but now it resurfaces as a Psyop to crash the gold market and scare the sheep.....baaaaaaaaa
grefey

User ID: 24294934
United States
09/23/2012 03:41 PM

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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
This is getting way too much press. Do a google search and see how many hits pop up. I smell something rotten. When the 400 oz. bars were found and had been sold to China there was hardly anything written about it. This is being hyped NO DOUBT. It is all intentional don't fall for it.

OMG, we even have a video of it. LOL

Last Edited by grefey on 09/23/2012 03:42 PM
Anonymous Coward
User ID: 24298379
United Kingdom
09/23/2012 03:48 PM
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Re: 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.

[link to www.zerohedge.com]
 Quoting: gebahie


I think this is a psyop to scare people away from gold purchases.
 Quoting: Macraider


me too....it's just too obvious imo
 Quoting: Anonymous Coward 24294295


They think of everything don't they. Someone I knew once had a large gold bar 400oz. when the first scandal broke. They took it to a gold fabricating firm Texas where they x-rayed it and said it was real. The only problem was they did not seem too sure about how the different densities of Tungstun vs. gold would appear as they had never done it before.

So the question is do you deface any gold you may have to see if it is real by drilling a hole in it?

Places like KITCO the largest gold distributor in North America have already had a lot of bad publicity about income tax evasion and being put in receivership. It is hard to say if this is real or invented. But I won't be drilling any wholes in my bars today.
 Quoting: grefey


Apparently there is some kind of portable ultrasonic testing device that can easily spot salted bars.

Tungsten supports a far higher speed of sound than gold, and this cannot be got around, AFAIK.
Anonymous Coward
User ID: 24298379
United Kingdom
09/23/2012 03:53 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
Ultrasonic thickness gauge UTG) used for testing precious metals;

[link to about.ag]
Therion156
User ID: 1502252
United States
09/23/2012 04:17 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
This is why you should purchase one oz. gold coins or smaller denominations.... In the end, the world is strapped for "acceptable collateral," I suspect that this will prove to be another "extend & pretend" operation, as no one wants to admit to counterfeit collateral! So they will inevitably treat the counterfeits as if they are real, for if they dont, the REPO & futures markets will collapse.... could this be the "real" reason for the mega gold short scheme and is it directly tied to "Gibsons Paradox," the Clinton Administration & the Greenspan Fed..... yes, me thinks so! Look at M2 long term money velocity chart, note the M2 money velocity begins moving into hyper-drive shortly after Clinton arrives at 1600 Penn. Ave. in 1992.... and of all things Larry Summers, the author of Gibsons Paradox later becomes Treasury Secretary..... gold out, counterfeits in....
Anonymous Coward
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United States
09/23/2012 04:30 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
What protects gold? Guns

They'll go after the guns first then the gold.

count on it....
 Quoting: Anonymous Coward 1531425


what comes before the guns?

FOOD.water and air....if your weak from hunger and thurst..guns wont matter.
Anonymous Coward
User ID: 24301425
Italy
09/23/2012 04:35 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
you mean like those US shipped to China and China replied now there is anything that will keep us from nuke you
Anonymous Coward
User ID: 11905544
United States
09/23/2012 04:39 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
...


There is an eiser test then Drilling a Gold Ingot to find out if is is Real Gold ot Tungsten Laden...

A Stress Test on its long side will reveil wheither it is Real Solid Gold or Gold Covered Tungsten, As Gold is Maluable and Tungsten is Britle when stressed a Faked Bar will Break vs a Real Solid Gold Bar will Bend...


That is All...


...


.
 Quoting: ... 24097414


Your mechanical prowess is about as good as a twinkie in place of a human foot !

That would tell you nothing until the bar is bent past a certain degree, also to many variables.
Anonymous Coward
User ID: 11905544
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09/23/2012 04:52 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
Remember Tuesday is options expiry on the October Gold/Silver contracts.
They are trying to keep people from buying on the selloff that they create. (Take down coming ?) Also from taking possession of the physical gold from these options contracts.

Huge week for option and other trading events. Also remember its the end of the 3rd quarter.

Here is a calander of all the trading events : Take out space

www.cme group.com/tools-information/calendars/expiration-calendar/
Anonymous Coward
User ID: 18910753
Australia
09/23/2012 05:20 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
Ultrasonic thickness gauge UTG) used for testing precious metals;

[link to about.ag]
 Quoting: Anonymous Coward 24298379


Exactly. And the jeweller used a half inch bit to drill in. From the top. Through the stamp.

To take that risk, once must first know that the bar is worthless.

More to the story. But who is to say he didnt do the ultrasound first, discovered it was fake, then used a bit big enough to easily demonstrate the fakery.
Anonymous Coward
User ID: 24169857
Australia
09/23/2012 05:32 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
Ultrasonic thickness gauge UTG) used for testing precious metals;

[link to about.ag]
 Quoting: Anonymous Coward 24298379


Exactly. And the jeweller used a half inch bit to drill in. From the top. Through the stamp.

To take that risk, once must first know that the bar is worthless.

More to the story. But who is to say he didnt do the ultrasound first, discovered it was fake, then used a bit big enough to easily demonstrate the fakery.
 Quoting: Anonymous Coward 18910753


It's not really a risk if the bar is pure. All the gold can be made into a new bar with none lost at a small cost.
Anonymous Coward
User ID: 1564894
United States
09/23/2012 06:08 PM
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Re: 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.

[link to www.zerohedge.com]
 Quoting: gebahie


Now it all makes sense why the US outlawed tungsten filament lightbulbs under 100 wats to go instead for the "greener" mercury gas filled CFL's.

The elite needed as much of it as possible to sell tungsten filled gold bars.
Anonymous Coward
User ID: 24296546
United States
09/23/2012 06:08 PM
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Re: 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.

[link to www.zerohedge.com]
 Quoting: gebahie


I think this is a psyop to scare people away from gold purchases.
 Quoting: Macraider


gold is an industrial metal and it's only worth $5 a pound.
face it.
b|ink
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Canada
09/23/2012 06:22 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
Talus

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09/23/2012 07:23 PM

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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
In all honesty, what good will all that gold do anyone? Can you eat it? Will it keep you warm when it gets cold? When the SHTF and money is worthless what good will a shiny metal do you? It will only have a worth if someone else can use it for something. And in a full collapse what will be important to most people will be food and shelter. I have a small flock of chickens that produce eggs. Those eggs have value. My neighbor had a garden this summer and canned quite a bit of vegetables. That food has value. The farmer down the street has a large herd of cows that produce milk. That milk has value. You sit in your house and look at all your gold and silver coins and only think you have something of value. Well, I hope you find a real good recipe for that gold cause your gonna get mighty hungry. If you come to my house and want some eggs, you better have something other than gold coins to trade. The same is true for the dairy farmer and the gardener.

What you need to do is trade in all that metal and buy something that will be of real trade value. Look for things that someone can use right away. Look for people around you that have something you will need and figure out what they will need. That's how you will survive the coming storm. Because the way things are going, you are not gonna have any place to "spend" all that gold anyways. That's if the government doesn't come and take it all from you.
ehecatl

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Mexico
09/23/2012 09:47 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
Where to purchase fake tungsten gold bars -
[link to www.tungsten-alloy.com]
Anonymous Coward
User ID: 24425241
United States
09/25/2012 11:15 PM
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Re: Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
GoLD TARDS!

Tungsten is absurdly hard - I mean, you can make armour piercing bullets out of it, but it destroys the gun barrel - too hard.

It would be a badge of WORTH if you drilled into your gold with a tiny jewler's bit - 1/64th" and proved that it was gold.

You would NOT be able to get past the veneer if it were tungsten. AND, if it turns out to be solid gold, at least you can prove that 100% :P
Anonymous Coward
User ID: 24425241
United States
09/25/2012 11:16 PM
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Re: 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.

[link to www.zerohedge.com]
 Quoting: gebahie


Now it all makes sense why the US outlawed tungsten filament lightbulbs under 100 wats to go instead for the "greener" mercury gas filled CFL's.

The elite needed as much of it as possible to sell tungsten filled gold bars.
 Quoting: Anonymous Coward 1564894


This is just crazy enough to be the truth. Knowing how these freaks operate, I'd say you got it.

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