Real 0.995 Kilo Au Bars with Faked Refiner Stamps, Reuters Reports

Discussion in 'Gold' started by Roswell Crash Survivor, Aug 28, 2019.

  1. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    "Exclusive: Fake-branded bars slip dirty gold into world markets"
    https://www.reuters.com/article/us-...anded-bars-slip-dirty-gold-into-world-markets

    Some of these kilobars even have contain the correct mass and purity of gold.

    Why fake refiner stamps?

    • the refiner markings are a way to disguise the origins of the metal
    • buyers weren't willing to pay for bars without LBMA refiner stamps, or only willing to buy at steep discounts
    Kilobars with fake refiner markings of such technical sophistication that the original refiners have a hard time telling them apart from the authentic article
     
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  2. kilo

    kilo Active Member Silver Stacker

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    thanks for sharing that gem RCS! Read closely and critically there is a lot of spoof and spin. The man has shown his hand on private ownership of Au.
     
  3. alor

    alor Well-Known Member Silver Stacker

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    you make the real gold in the host country and stamp yourself with AAA serial number
    you bring in a decoy with the same AAA serial number
    you are allowed to bring out up to the same amount of gold that you brought into the host country
    no one ever suspected you

    why they never check if the gold you brought in were real ???
    they presume that the gold you brought out was real, also never check ???
    you feed the checker with paper cert, they saw the same manufacturer and exactly similar numbers

    solution
    take picture of all items bars in & serial
    then verify with the picture taken to see the bars were the originally brought in, before granting exit
     
  4. Mintaka

    Mintaka Active Member

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    I read that article with interest. It is only the stamped markings/serial numbers that are forged. I think mind games are being played here.
     
  5. alor

    alor Well-Known Member Silver Stacker

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    its a smuggling through customs
    some countries does not allow gold export, but allow entry of gold being brought in and then out (provided proof is given eg bar numbers and certificate proof)
     

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