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.”
How much of the Ft. Knox booty is gold plated tungsten?
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
Heard this on the business news. Seems it is making waves.
1964 Goldfinger
Eureka,Greek for “this bath is too hot.”
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?
I recall speculation that security at Fort Knox tripled not to protect the gold but to protect discovery of what was there.
It's an inside job. The names are known. People go to jail. Or they should. But they are known.
I cannot listen to a word that guy says because I’m totally stricken with awe at his hair! How? Why? Good grief!
You mean the one about it being blocks of Government cheese with gold foil gift wrapping? Mouse traps gave it away, huh?
I think he’s a glue-sniffer. It would explain a lot, no?
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)
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.
I think that when transferring bars, a little random destructive testing is normal. The drill don’t lie.
I was wondering why they didn’t fill them with lead.
I think an alien is his barber.
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.