Tungsten Bars Found in the Gold Market and the LBMA

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

  1. sodl

    sodl Active Member

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    Makes you wonder how many fake gold bars really are out there being passed around.... LBMA is a concern...

     
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  2. Ag bullet

    Ag bullet Well-Known Member

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    might be worth stacking tungsten for the fake gold bar market.
     
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  3. alor

    alor Well-Known Member Silver Stacker

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    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

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    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

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    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

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    Based on a 2009 Rob Kirby article, memes never die.
     
  7. sodl

    sodl Active Member

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    Another snippet of info .......
    FT. Knox and Why You Should Stack Silver Not Gold
     
  8. ozcopper

    ozcopper Administrator Staff Member

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    I saw that video, it was very good right up until he explained why you should stack silver over gold. That undid all his good work.
     

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