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Old 11-19-2009, 07:15 PM
 
1,532 posts, read 1,376,324 times
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"Zinc Dimes, Tungsten Gold & Lost Interest" by Jim Willie, CB, FSU Editorial xx/xx/2009

In October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating.

The initial discovery was something like four gold bars, which the Hong Kong bankers drilled invasively to test the contents. Reminds me of drilling the earth and measuring how many grams of gold per tonne. The HK bankers hoped to have 99% gold yield in their drill program for the resident bars. They found something like 1% instead and 99% tungsten.

Current estimates among the gold trader community run well past a few hundred thousand 'salted' gold bars, maybe over a million.
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Old 11-19-2009, 07:24 PM
 
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Who said gold couldn't be debased?
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Old 11-19-2009, 07:26 PM
 
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Many people are desperate these day. The recession has damaged or destroyed a lot of wealth throughout the world. It doesn't surprise me one bit.
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Old 11-19-2009, 08:17 PM
 
Location: The Woods
16,454 posts, read 21,465,702 times
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Anyone with the knowledge to can sniff out fake gold and silver.
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