Skip to comments.Report of 1 Kilo Gold Bar Filled with Tungsten Found in UK
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 Britains 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.
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.
Yep. There has been some talk about this before.
There’s a longer article that also just came out on this story, here:
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.
When was the last time anyone actually saw the gold in fort Knots?
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.
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.
Tungsten Filled Gold Bars
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.
Took much longer than I expected to see this.
I guess Soros has a new game afoot.
“When was the last time anyone actually saw the gold in fort Knots?”
1964. I saw it, towards the end of Goldfinger.
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.
Note to self: Do not buy gold bars with lots of holes drilled into them and filled.
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