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Safeguards can spot fake tungsten gold bars

IMG Auteur

Chris Powell

GATA

Published : September 26th, 2012

117 words - Reading time : less than a minute

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FOLLOW : Fake Bars Gata Gold Goldmoney Perth Mint Tungsten Tungsten

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Category : GoldWire

With gold-plated tungsten bars making another appearance this week, (http://www.gata.org/node/11767), it's time to call attention again to the safeguards used by the best gold dealers to avoid getting cheated and to avoid cheating their customers.

In March the Perth Mint's Bron Suchecki wrote about these safeguards, particularly ultrasonic testing, in an essay GATA reported about:

http://gata.org/node/11177

Suchecki's essay remains posted at the Perth Mint's Internet site here:

http://www.perthmintbullion.com/us/blog/blog/...ars_-_The_Fa...

GoldMoney's standard includes ultrasonic testing, which is described in both text and a video here:

http://www.goldmoney.com/gold-testing.html

Jim Sinclair notes that stories about fake bars could be used as disinformation to discourage gold investors. All the more reason to refuse to be discouraged and to be informed about your vendor.

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Chris Powell 13 abonnés

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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