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ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! |
Anonymous Coward User ID: 37636039 United States 04/17/2013 04:54 PM Report Abusive Post Report Copyright Violation | ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! [ link to www.myfoxny.com] MYFOXNY.COM - In jewelry stores on 47th Street and Fifth Avenue in Manhattan, the important trust between merchants has been violated. A 10-ounce gold bar costing nearly $18,000 turned out to be a counterfeit. The bar was filled with tungsten, which weighs nearly the same as gold but costs just over a dollar an ounce. Ibrahim Fadl bought the bar from a merchant who has sold him real gold before. But he heard counterfeit gold bars were going around, so he drilled into several of his gold bars worth $100,000 and saw gray tungsten -- not gold. What makes it so devious is a real gold bar is purchased with the serial numbers and papers, then it is hollowed out, the gold is sold, the tungsten is put in, then the bar is closed up. That is a sophisticated operation. MTB, the Swiss manufacturer of the gold bars, said customers should only buy from a reputable merchant. The problem, he admits, is Ibrahim Fadl is a very reputable merchant. Raymond Nessim, CEO Manfra, Tordell & Brookes, said he has reported the situation to the FBI and Secret Service. The Secret Service, which deals with counterfeits, said it is investigating. In March, gold bars filled with tungsten showed up in England. With New York now hit, it may mean an international ring is involved. Read more: [ link to www.myfoxny.com] |
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Desert Fox
User ID: 8786935 United States 04/17/2013 04:58 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! This is why I will only buy silver US coins. :TOMABANEFOX: It's more humane this way ya know, or burn on totem pole. Choice is yours. |
Anonymous Coward (OP) User ID: 37636039 United States 04/17/2013 05:01 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! This is why I will only buy silver US coins.
Quoting: Desert Fox Good point. But, isnt there a possibility of something similar to be done for unsuspecting silver buyers as well ? |
Buck Zander
User ID: 26745463 Canada 04/17/2013 05:04 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!!
This is why I will only buy silver US coins.
Quoting: Desert Fox Same here. Picked up 100 more Maple Leafs today for $5 over spot. As far as gold goes, SA Krugerands have always been a safe bet, as far as I'm aware. There must be a law that people can't lie. |
MindShaft
User ID: 1554827 United States 04/17/2013 05:10 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! This is why I will only buy silver US coins.
Quoting: Desert Fox I'll only buy American Silver Eagles and Canadian Silver Maples. "People have been conditioned to ridicule all that they are incapable of understanding." Goethe
"None are more hopelessly enslaved than those who falsely believe that they are free." Goethe |
Desert Fox
User ID: 8786935 United States 04/17/2013 05:16 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! This is why I will only buy silver US coins.
Quoting: Desert Fox I'll only buy American Silver Eagles and Canadian Silver Maples. Quoting: MindShaft Some of those have been faked as well. I only buy pre 1964 us coins. :TOMABANEFOX: It's more humane this way ya know, or burn on totem pole. Choice is yours. |
Anonymous Coward (OP) User ID: 37636039 United States 04/17/2013 05:22 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! |
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Anonymous Coward (OP) User ID: 37636039 United States 04/17/2013 05:23 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! Can someone pin this please - as it could save someone 1000s of hard earned $$$ Thanks |
Anonymous Coward User ID: 1310640 United States 04/17/2013 05:36 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! Can someone pin this please - as it could save someone 1000s of hard earned $$$ Thanks Quoting: Anonymous Coward 37636039 were you planning to buy some 10 ouncers? Anything of value eventually gets counterfeited |
Anonymous Coward User ID: 32447771 United States 04/17/2013 05:39 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!!
You are a little late OP. This is from Sept 2012: Posted: Sep 18, 2012 7:11 PM EDT Updated: Oct 09, 2012 7:11 PM EDT Read more: [ link to www.myfoxny.com] |
Anonymous Coward (OP) User ID: 37636039 United States 04/17/2013 05:49 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! You are a little late OP. This is from Sept 2012: Posted: Sep 18, 2012 7:11 PM EDT Updated: Oct 09, 2012 7:11 PM EDT Read more: [ link to www.myfoxny.com] Quoting: Anonymous Coward 32447771 Thanks AC. no problem. I probably missed it. When i saw it I was dumbfounded - 'cas i was planning to get some when its low...Damn...how do we tell counterfeit from original gold - we cant scrap or drill the bar in the shop. ridiculous |
G3
User ID: 1531577 United States 04/17/2013 05:56 PM
Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! This is why I will only buy silver US coins.
Quoting: Desert Fox I'll only buy American Silver Eagles and Canadian Silver Maples. Quoting: MindShaft Some of those have been faked as well. I only buy pre 1964 us coins. Quoting: Desert Fox Do you have a good source for those DF? Thanks |
Desert Fox
User ID: 8786935 United States 04/17/2013 05:58 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!!
This is why I will only buy silver US coins.
Quoting: Desert Fox I'll only buy American Silver Eagles and Canadian Silver Maples. Quoting: MindShaft Some of those have been faked as well. I only buy pre 1964 us coins. Quoting: Desert Fox Do you have a good source for those DF? Thanks Quoting: G3 Just E-bay search for best deal. :TOMABANEFOX: It's more humane this way ya know, or burn on totem pole. Choice is yours. |
Anonymous Coward User ID: 32715280 United States 04/17/2013 06:04 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! Old news OP! Posted: Sep 18, 2012 4:11 PM PDT Anyway, how many have they found? I think it is BS to scare people. My dealer doesn't have problem buying back my 10 ounce Pamp Suisse bar. I asked twice over a couple of months, each time, they didn't care about the receipt indicating that I bought it from them several years ago at $800 an ounce. |
Anonymous Coward User ID: 4654480 United States 04/17/2013 06:14 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! Nobody on this site can afford a gold bar.
Coins are documented. Impossible to take unless you are an idiot or you buy on the Internet. |
Punk-A$$ets
User ID: 30559668 United States 04/17/2013 06:52 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!!
This is why I stopped buying bullion. I stick with the $10 and $20 liberty gold pieces. There are very few fakes out there. Its pretty hard to fake a lightly circulated gold liberty. For silver, I agree that pre 65 'junk' silver is the best bet. Sorry to say, but silver eagles are being counterfeited like crazy. Although, if you buy them from someone like goldmart, provident or Apmex you'll be fine. |
Punk-A$$ets
User ID: 30559668 United States 04/17/2013 06:57 PM Report Abusive Post Report Copyright Violation | Re: ALERT !!! ALERT !!! ALERT !!! FAKE GOLD BARS SOLD - BEWARE !!! By the way, the $20 liberties are holding their value better than gold eagles on the downward moving price. Take a look a the buy prices from provident and apmex. Heck, provident will pay you more for less gold. Doesnt matter if the liberty is only XF and the $50 eagle is BU either. |
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