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Beware of Precious Metal Bamboozlement
Townhall.com ^ | December 7, 2013 | Bill Tatro

Posted on 12/07/2013 9:10:46 AM PST by Kaslin

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To: Eagles6

1/10 oz American Gold Eagles will also be easy to trade with.


41 posted on 12/07/2013 2:33:27 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: yefragetuwrabrumuy

A needle would reveal the truth about that hypothetical propaganda image.


42 posted on 12/07/2013 2:34:17 PM PST by Atlas Sneezed
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To: lepton

Thus, dimensional measurements are critical as compared to a “standard” bar or piece.


43 posted on 12/07/2013 2:40:36 PM PST by SgtHooper (If at first you don't succeed, skydiving is not for you.)
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To: stormer

Think mechanical.

Create a machine (maybe with hard rubber surfaces) that bends a bar or coin just a little. Gold would bend a few thousandths, and the coin or bar would rock on a flat surface after the abuse.

A W fake would shatter, or just deform the skin visibly, or not bend at all, lying flat on the surface.

Tungsten might have lots in common with gold, but the detection methods are third world, and bulletproof. (like poking a needle into a bar).


44 posted on 12/07/2013 2:42:35 PM PST by Atlas Sneezed
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To: lepton

Good point.


45 posted on 12/07/2013 2:43:26 PM PST by Atlas Sneezed
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To: Macoozie

The post of the thread. Buying gold is a fools measure for the SHTF!


46 posted on 12/07/2013 2:43:58 PM PST by SgtHooper (If at first you don't succeed, skydiving is not for you.)
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To: SVTCobra03

That would probably be your best bet for gold. There have been reports of the chicoms counterfeiting the 1 oz gold Eagles.


47 posted on 12/07/2013 3:43:04 PM PST by Eagles6 (Valley Forge Redux)
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To: PapaBear3625

Hit it with X-rays tuned for tungsten.

If it glows like a buck-toothed high school prom queen, you know you got ripped.


48 posted on 12/07/2013 4:50:31 PM PST by djf (Global warming is a bunch of hot air!!)
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To: Kaslin

I can hear a silver quarter in a handful of post ‘64 change from fifty paces. I’ve never “heard” a tungsten filled gold coin or bar, but I bet it sounds completely, and alarmingly different.


49 posted on 12/07/2013 6:01:39 PM PST by Born to Conserve
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To: Yaelle

Now that is worth something!


50 posted on 12/07/2013 6:04:29 PM PST by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Atlas Sneezed

Just flip it in the air or drop it on a table. Tungsten (or anything else) will ring funny, or not at all. I agree with the poster that said tungsten is a bigger risk on large bars and ingots. Not so much on coins.


51 posted on 12/07/2013 6:10:54 PM PST by Ramius (Personally, I give us one chance in three. More tea anyone?)
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To: Atlas Sneezed
I'm with you. Just bend your bar or coin. If it bends, buy it. If it doesn't, run. Simple.

I also think that this is a hit piece for precious metals. PM's are a store of value and while they are not as portable or liquid as greenbacks have been, the people who are buying PM's think that the situation might change.

I tend to agree. I also hear those who espouse brass and lead. Same portability problems, but maybe more barter possibilities. Keep an open mind...

52 posted on 12/07/2013 6:49:37 PM PST by Wingy
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To: stormer; All

Good thing your competent chemistry student is a freshman.

So I decide he needs to learn a bit, and visit his lab. I let him have the finest, most accurate, and most recently calibrated instruments available.

My challenge? I will give him two samples, and bet him a night with his hot GF that he cannot tell me if they are the same element or not.

He accepts the challenge.

Later that night, he’s in the library, and I’m in bed with aforementioned hot GF snoring next to me, he was wrong.

One sample came in at around 2.2, the other about 3.4, he loudly and confidently declared they were not the same element.

One was (and here I am assuming these are the purest samples available)... one was graphite and the other was diamond, both were nothing but carbon. Just carbon. Simple carbon.

He would have had a nervous breakdown if I gave him buckyballs.

The difference, of course, is the crystalline structure.
The diamond tetrahedron structure packing much more densely than the hexagonal, planar structure of the graphite.

So now our student had learned an important lesson. Nature can be complex, and sometimes elements are not so “elemental”.

Next day I go back and hand him the purest piece of tungsten in the universe.

He measures it, comes up with a number of 19.17, asks what it is. I tell him it’s tungsten and he argues and argues and says “That can’t be! Wiki says 19.3”

So I ask him “Does that mean 19.3 exactly, or is it 19.27 rounded up or 19.34 rounded down?”

He’s not sure.

So I ask him “Who told Wiki it was 19.3?”

He thinks about the question and then decides the number probably came from one of the scientific/engineering committees that deal with that sort of stuff. Committees like ANSI, CODATA, heck, Underwriters Labs.

And he then realizes that the number on Wiki is sort of a best-guess estimate. Lots and lots of measurements were taken. They varied, some bigger, some smaller.
The number we get if we ask “What is the density of tungsten” is a simple answer to a question that can’t be answered simply, because nature is more complex than that. Tungsten is one of the transition elements, with bunches of valences, and a wide variety of stable quantum states, chem student could earn his PhD mapping out the various crystalline states of tungsten using x-ray diffraction. Each and every of the various crystalline states having different densities, forms, and even chemical and physical properties.

But, believe it or not, I have confidence in our freshman chem student.
He will learn.

As long as he does not assume too much!


53 posted on 12/08/2013 7:27:24 AM PST by djf (Global warming is a bunch of hot air!!)
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To: djf

Wow. That was a lot of work. We’re not talking crystallography here, we’re talking about assaying bullion.


54 posted on 12/08/2013 9:41:19 AM PST by stormer
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