Counterfeit Gold-Plated Tungsten Bar-1

The following article is talking about the story of counterfeit gold-plated tungsten bar, written by unknow person.

In his March 2 column, he told about the news story where an employee at the world’s largest private refinery had discovered a gold-plated 500 gram gold bar received from an unidentified bank.  His column included an internet link where readers could themselves view the German television station report.

As is common for his columns, this particular one was picked up by several other websites.  This particular column inspired a relatively harsh response from Robert Bradshaw.  In an essay Robert wrote that was posted yesterday at http://www.marketoracle.co.uk/Article17820.html, Robert took me to task for repeating the story that China’s central bank last year had received at least four counterfeit gold-plated 400 ounce tungsten bars.  Robert seemed concerned that he was perpetuating a myth about a massive number of counterfeit gold-plated 400 ounce tungsten bars that were supposedly manufactured during the 1990′s at the behest of the US government.  Allegedly, about half of them were shipped to Fort Knox.

Until today’s column, he have never referred to the rumor of large numbers of counterfeit gold bars supposedly stored at Fort Knox.  he is well aware of the details of this rumor but, like Bradshaw, the possibility of the whole story being true is pretty far-fetched.  He would need to dig up more hard confirmation of its veracity before discussing it.  If such verification were available, I’m sure that this story would be headline news in the mainstream financial press.

The precious metals markets are not transparent.  To get the best idea of what is really happening means listening to sources that often cannot be independently double-checked.  In his writings, he tries to be careful to listen only to those sources that have developed a track record of reliability.  In this manner, he can often discern the truth long before it is publicly disclosed.




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