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Report of 1 Kilo Gold Bar Filled with Tungsten Found in UK
Coinweek.com ^ | Mar 26, 2012

Posted on 03/26/2012 2:54:56 PM PDT by KeyLargo

Report of 1 Kilo Gold Bar Filled with Tungsten Found in UK

March 26, 2012

“What appears to be a tungsten filled gold bar has been found – this time in the UK. It is believed that a scrap dealer bought the Metalor 1 kilo gold bar of 99.98% purity from a member of the public.

Metalor are a leading international gold refiner and bar manufacturer, headquartered in Zurich. The bar appears to have been tampered with and may have had holes drilled into it or melted out and then had tungsten rods inserted or tungsten poured into the holes.

Tungsten is a metal with a similar density to gold but which bullion dealers and experts in physical bullion can easily identify.

It follows an incident of a tungsten filled gold bar (500 gram) originating from an unnamed bank being found by Heraeus in Germany two years ago [See Video Below] and there have been rumours of tungsten filled gold bars in Asia, China and in Vietnam.

There was also an unverified report in 2009 that the Chinese received a fake shipment of gold that, in fact, was tungsten. The bars have led to much speculation regarding the possibility that some of the gold bars making up central bank gold reserves may not be investment grade gold bullion.

Presidential candidate, Ron Paul has raised the question as to whether the gold bars in Fort Knox are authentic and even asked whether some of the US gold reserves have been secretly sold off and asked questions regarding the authenticity of the US gold reserves gold bars.

In the UK, there have been doubts about the quality of Britain’s paltry remaining gold stock as some of the gold bars are reportedly cracked, have fissures and are ‘beginning to crumble’. The Bank of England have denied suggestions that the gold may have been ‘adulterated’, and insisted that most of the hoard is in ‘mint condition’.

The incident shows the importance of dealing with reputable and trusted experts in physical bullion coins and bars and with dealing with counter parties who take these issues seriously.”


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: archimedes; bullion; counterfeitgold; counterfeiting; fake; fortknox; fraud; gold; preciousmetals; scam; tungsten
HOW TO DETECT A FAKE TUNGSTEN GOLD BAR

http://www.youtube.com/watch?v=5FvM_4B7Pkc

1 posted on 03/26/2012 2:55:03 PM PDT by KeyLargo
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To: KeyLargo

My how times change.

In the early 2000’s we had to make some parts out of tungsten.

Making them out of gold would have been half as much.


2 posted on 03/26/2012 3:01:32 PM PDT by I cannot think of a name
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To: KeyLargo
Interesting. I wonder if connected.

Mystery 'gold ingots' found on Paris train are fake[France]

3 posted on 03/26/2012 3:04:16 PM PDT by Theoria (Rush Limbaugh: Ron Paul sounds like an Islamic terrorist)
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To: KeyLargo
So, the solution is to buy Tungsten bars.
Tungsten, as well as Platinum, has the added advantage of being useful in the industry.

4 posted on 03/26/2012 3:06:55 PM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: KeyLargo

Yep. There has been some talk about this before.

There’s a longer article that also just came out on this story, here:

http://silverdoctors.blogspot.ca/2012/03/tungsten-filled-1-kilo-gold-bar.html

The article claims that ClintBilly and his money guys ordered a bunch of these bars to pay off China and to stick in Fort Knox. Who knows? It’s the kind of thing that he might very well have done.


5 posted on 03/26/2012 3:07:10 PM PDT by Cicero (Marcus Tullius)
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To: KeyLargo

When was the last time anyone actually saw the gold in fort Knots?


6 posted on 03/26/2012 3:08:43 PM PDT by guitarplayer1953 (Grammar & spelling maybe wrong, get over it, the world will not come to an end!)
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To: KeyLargo
Industrial use of tungsten is rather constant. The consumption of tungsten when graphed is pretty much a flat line. However, in the period of 1994-5, there was a huge one-time spike in the industrial consumption of tungsten. By the end of '95, things were back to normal.

At the same time there was a massive transfer of gold to Greek smelters for reprocessing. It could only have come from a national treasury or central bank. There were rumors that someone has disgorged Hitler's long lost gold, Japan's wartime stash of gold, or the gold we held in safekeeping for China as Japan was invading them in the Thirties. No one is sure where it came from.

Then it all disappeared. It's connected somehow, but I'm not sure what is going on.

7 posted on 03/26/2012 3:10:54 PM PDT by Publius (Tagline for rent. Reasonable rates.)
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To: KeyLargo

Glad to know everyone is equipping themselves with ultrasound machines... This is like the fake 100’s that are floating around, and the effective demise (and pretty unreported) of traveler’s checks. Last person who holds the bad item loses the money. But with the price ratio that high, it wouldn’t shock me at all if there were a lot more fake bars (or filled) bars out there than people think, especially in the middle east and India.


8 posted on 03/26/2012 3:11:29 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: KeyLargo
Dang it,....you caught me.


9 posted on 03/26/2012 3:15:53 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: Cicero

Tungsten Filled Gold Bars

http://www.youtube.com/watch?v=4oURCIDfhDQ


10 posted on 03/26/2012 3:16:13 PM PDT by KeyLargo
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To: KeyLargo
In the UK, there have been doubts about the quality of Britain’s paltry remaining gold stock as some of the gold bars are reportedly cracked, have fissures and are ‘beginning to crumble’

Pure gold is one of softest and most malleable metals. It can be rolled into foil of just a few mils thick. I have never even heard of gold "cracking" or "crumbling." You'd need to put a gold bar into a stress test machine - and even then it will probably flow around the holds instead of cracking.

If that's what UK has then it's not gold. There aren't even any metals, AFAIK, that would crack or crumble just by laying on a shelf.

11 posted on 03/26/2012 3:17:00 PM PDT by Greysard
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To: BitWielder1

Fake gold bars

http://gold-quote.net/en/articles/fake-tungsten-gold-bars.php


12 posted on 03/26/2012 3:22:00 PM PDT by KeyLargo
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To: KeyLargo
Hmmm, guess that one should beware of Wolfram in Auric's

clothing, eh?

.

13 posted on 03/26/2012 3:22:00 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: KeyLargo

Took much longer than I expected to see this.


14 posted on 03/26/2012 3:30:40 PM PDT by Sequoyah101 (Half the people are below average.)
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To: KeyLargo

I guess Soros has a new game afoot.


15 posted on 03/26/2012 3:34:04 PM PDT by A Strict Constructionist (We're an Oligrachy...Resistance to tyrants is obedience to God. Thomas Jefferson)
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To: KeyLargo; jiggyboy; PA Engineer; blam; TigerLikesRooster; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug Ping.


16 posted on 03/26/2012 3:36:36 PM PDT by Jet Jaguar
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To: guitarplayer1953

“When was the last time anyone actually saw the gold in fort Knots?”

1964. I saw it, towards the end of Goldfinger.


17 posted on 03/26/2012 3:49:47 PM PDT by eartrumpet
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To: KeyLargo

Tungsten has the highest melting point of any metal: over 6,000 degrees F. Rather than pouring tungsten into A gold bar, more likely the tungsten bar was gold plated. tungsten and gold have a similar weight and electrical conductance.


18 posted on 03/26/2012 3:52:23 PM PDT by Procyon (Decentralize, degovernmentalize, deregulate, demonopolize, decredentialize, disentitle.)
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To: KeyLargo

Note to self: Do not buy gold bars with lots of holes drilled into them and filled.


19 posted on 03/26/2012 3:55:22 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: KeyLargo

20 posted on 03/26/2012 3:55:33 PM PDT by Noumenon ("I tell you, gentlemen, we have a problem on our hands." Col. Nicholson-The Bridge on the River Qwai)
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To: KeyLargo

How much of the Ft. Knox booty is gold plated tungsten?


21 posted on 03/26/2012 3:55:51 PM PDT by Rebelbase
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To: KeyLargo

First, find a bathtub.
Second, kick out that naked Greek guy,
Third, put your gold bar into the tub and measure how much water sloshes out.

Yada yada yada


22 posted on 03/26/2012 3:59:48 PM PDT by DManA
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To: KeyLargo
tungsten poured into the holes.

I want to see that.

The melting point of tungsten is higher than the boiling point of gold.
23 posted on 03/26/2012 4:01:03 PM PDT by UnbelievingScumOnTheOtherSide (REPEAL WASHINGTON! -- Islam Delenda Est! -- I Want Constantinople Back. -- Rumble thee forth.)
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To: Travis McGee

Heard this on the business news. Seems it is making waves.


24 posted on 03/26/2012 4:10:23 PM PDT by CodeToad (I'm so right-wing if I lifted my left leg I'd go into a spin.)
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To: guitarplayer1953
When was the last time anyone actually saw the gold in fort Knots?

1964 Goldfinger

25 posted on 03/26/2012 4:14:11 PM PDT by ChildOfThe60s (If you can remember the 60s....you weren't really there)
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To: DManA

Eureka,Greek for “this bath is too hot.”


26 posted on 03/26/2012 4:15:00 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Greysard

I like the part where the piece says that the Bank of England says “most” of the gold is in mint condition. “Most”? What does that mean?


27 posted on 03/26/2012 4:24:09 PM PDT by ChildOfThe60s (If you can remember the 60s....you weren't really there)
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To: Cicero

I recall speculation that security at Fort Knox tripled not to protect the gold but to protect discovery of what was there.


28 posted on 03/26/2012 4:29:29 PM PDT by mcshot (Friends of A. Breitbart concerned by removal of US flags near the Presidential podium.)
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To: CodeToad
This can only happen as an act of collusion by the deliverers and the receivers. It's too easy to detect a fake in those sizes. Only if it is “understood” that the testing protocols will be intended to be beaten and gone around, does the deal go forward. If both parties are honest, and demand and conduct stringent testing upon delivery, fake bars can't be passed. Assuming that a significant (undefined in advance) number of bars will be removed for lab-level destructive testing, before the contract will be finalazed and custody exchanged.

It's an inside job. The names are known. People go to jail. Or they should. But they are known.

29 posted on 03/26/2012 4:32:59 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: KeyLargo
Dust the bar for Bill and Hillery Clinton's fingerprints. The other possibility is it fell out of Michelle Obama’s purse on a vacation shopping spree.
30 posted on 03/26/2012 4:33:56 PM PDT by liberalh8ter (Barack has a memory like a steel trap; it's a gift ~ Michelle Obama)
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To: Noumenon

I cannot listen to a word that guy says because I’m totally stricken with awe at his hair! How? Why? Good grief!


31 posted on 03/26/2012 4:36:02 PM PDT by MWestMom (The heart of the wise inclines to the right, But the heart of the fool to the left. Ecclesiastes10:2)
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To: mcshot
I recall speculation that security at Fort Knox tripled not to protect the gold but to protect discovery of what was there.

You mean the one about it being blocks of Government cheese with gold foil gift wrapping? Mouse traps gave it away, huh?

32 posted on 03/26/2012 4:40:05 PM PDT by Covenantor ("Men are ruled...by liars who refuse them news, and by fools who cannot govern." Chesterton)
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To: MWestMom

I think he’s a glue-sniffer. It would explain a lot, no?


33 posted on 03/26/2012 4:43:49 PM PDT by Noumenon ("I tell you, gentlemen, we have a problem on our hands." Col. Nicholson-The Bridge on the River Qwai)
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To: Covenantor
It's all just a bunch of Nestle's Chunky


34 posted on 03/26/2012 4:47:24 PM PDT by Noumenon ("I tell you, gentlemen, we have a problem on our hands." Col. Nicholson-The Bridge on the River Qwai)
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To: DManA

That tells me the volume of the bar, but how does that measure the density of the bar? A bar of gold and am identical size bar of silver would both displace the same amount of water, would they not? (assuming of course that both bars sink)


35 posted on 03/26/2012 5:04:10 PM PDT by calljack (Sometimes your worst nightmare is just a start.)
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To: KeyLargo

I knew this just had to be out there, as with fake silver bullion as well. They need to run current density tests to be sure.


36 posted on 03/26/2012 5:04:26 PM PDT by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: SgtHooper

I think that when transferring bars, a little random destructive testing is normal. The drill don’t lie.


37 posted on 03/26/2012 5:05:56 PM PDT by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: I cannot think of a name

I was wondering why they didn’t fill them with lead.


38 posted on 03/26/2012 5:13:33 PM PDT by Venturer
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To: Noumenon

I think an alien is his barber.


39 posted on 03/26/2012 5:16:00 PM PDT by DManA
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To: calljack

No, the won’t because they have different specific gravities.

There is some question about whether Archimedes could have measured the different volumes of water accurately enough to prove the royal crown maker was a crook.


40 posted on 03/26/2012 5:18:39 PM PDT by DManA
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To: KeyLargo

About two weeks ago the market was hit with someone selling one million ounces of gold, it was speculated as a war time tactic to buy fuel and munitions, but that was just a speculation and why gold dropped from its high perch by nearly $100 and ounce.


41 posted on 03/26/2012 5:19:47 PM PDT by Eye of Unk (Liberals need not reply.)
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To: KeyLargo

Save...


42 posted on 03/26/2012 5:26:02 PM PDT by Randy Larsen (No Romney vote from my family!)
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To: I cannot think of a name

I saw this in some 1970s tv show/movie shortly after gold became legal to own in the US again.

The team “borrows” a colleague’s newly purchased gold investment bar to push as the randomly selected bar from the gold-coated tungsten stash they’re selling to some criminal.

The pushed bar is sawed in half, they get the money, swap the real cut bar for a faked cut tungsten bar, and skedaddle.

The criminals use a power saw on other samples, revealing the white tungsten.

Obviously, the ending scene is where the colleague gets his bar back in pieces and filings.


43 posted on 03/26/2012 5:30:34 PM PDT by Calvin Locke
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To: DManA
Or, (if you don't have a Greek handy)... Enter the three numbers into a spreadsheet that calculates the density of the gold and compare to the expected density.

The density of tungsten is just 1.45% greater than that of gold, so the difference will be very small. So, make sure your scales are accurate and that the result is within 0.5% of what is expected.

44 posted on 03/26/2012 5:32:29 PM PDT by The Duke
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To: DManA

He didn’t have to measure the volumes accurately.

All he had to do was put a bucket on each end of a balance, level the balance, and then put the overflow water from the crown in one bucket and the overflow from the reference mass in the other bucket, and see if they were the same weight.


45 posted on 03/26/2012 6:00:16 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Greysard
There aren't even any metals, AFAIK, that would crack or crumble just by laying on a shelf.

Cheaply-cast industrial "white metal" will do some interesting things as it ages. Vintage model train collectors have horror stories of their precious pieces becoming almost too fragile to move lest they crumble.

That said, it'd be pretty hard to mistake that stuff for gold.
46 posted on 03/26/2012 6:48:38 PM PDT by M1903A1 ("We shed all that is good and virtuous for that which is shoddy and sleazy... and call it progress")
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To: KeyLargo
"We have decided to cut him"

He fired the employee who discovered the fake gold bar...the "old Fox".

47 posted on 03/26/2012 7:44:20 PM PDT by Deaf Smith
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To: Noumenon

“Open wide for Chunky!”

CA....


48 posted on 03/27/2012 1:09:16 PM PDT by Chances Are (Seems I've found that silly grin again....)
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To: Chances Are

“Open wide for Chunky!”

I liked the dark chocolate ones with raisins.

As for the gold fraudsters, I expect that they’ll be opening wide for something.


49 posted on 03/27/2012 2:46:30 PM PDT by Noumenon ("I tell you, gentlemen, we have a problem on our hands." Col. Nicholson-The Bridge on the River Qwai)
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