Tungsten Bars Found in the Gold Market and the LBMA

Discussion in 'Gold' started by sodl, Mar 26, 2019.

  1. sodl

    sodl Well-Known Member

    Joined:
    Jul 1, 2018
    Messages:
    399
    Likes Received:
    226
    Trophy Points:
    63
    Makes you wonder how many fake gold bars really are out there being passed around.... LBMA is a concern...

     
    GoldenEye likes this.
  2. Ag bullet

    Ag bullet Well-Known Member

    Joined:
    Dec 27, 2013
    Messages:
    1,582
    Likes Received:
    1,572
    Trophy Points:
    113
    Location:
    SE QLD
    might be worth stacking tungsten for the fake gold bar market.
     
    Jislizard and Silverdale like this.
  3. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    where to buy the stuff, how close it is to gold ?
    Tungsten Junction got many items sold out :), they come is odd shape, and not for stacking
     
  4. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,171
    Likes Received:
    1,143
    Trophy Points:
    113
    Location:
    North Sydney
    Doubt this is much of problem, who but the most naive buys 12kg lbma let alone 1kg or even 100gm gold bars from shady dealers or online forumsl. Only small time criminals lol.
     
  5. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    I've stood in a room and watched gold kilo bars being chopped with a guillotine - that particular dealer said they cut *every* bar they buy back over a certain size. They've found tungsten inside kilo bars before. Only needs to be one in a thousand to make a loss.

    There's other detection methods like ultrasonic testing that work great on a smaller scale, but this was faster when you're handling the volume they were, and everything is sent for refining and fabrication into new bars. Kind of a shame to watch mint PAMP bars get the chop, but if you were spending $50-60k on a single item, you would like to know it was authentic.
     
  6. bron.suchecki

    bron.suchecki Well-Known Member

    Joined:
    Feb 12, 2016
    Messages:
    231
    Likes Received:
    340
    Trophy Points:
    63
    Location:
    Perth
    Based on a 2009 Rob Kirby article, memes never die.
     
  7. sodl

    sodl Well-Known Member

    Joined:
    Jul 1, 2018
    Messages:
    399
    Likes Received:
    226
    Trophy Points:
    63
    Another snippet of info .......
    FT. Knox and Why You Should Stack Silver Not Gold
     

Share This Page