Fake Gold Bars Turn Up in Manhattan

Gold dealer shouldn't complain -- at least he got metal, not paper

Section:

Fake Gold Bars Turn Up in Manhattan

From WNYW-TV5, New York
Tuesday, September 18, 2012

http://www.myfoxny.com/story/19578206/fake-gold-bars-turn-up-in-man...

NEW YORK -- In jewelry stores on 47th Street and Fifth Avenue the important trust between merchants has been violated. A 10-ounce gold bar costing nearly $18,000 turned out to be a counterfeit.

The bar was filled with tungsten, which weighs nearly the same as gold but costs just over a dollar an ounce.

Ibrahim Fadl bought the bar from a merchant who has sold him real gold before. But he heard counterfeit gold bars were going around, so he drilled into several of his gold bars worth $100,000 and saw gray tungsten -- not gold.

What makes so devious is a real gold bar is purchased with the serial numbers and papers, then it is hollowed out, the gold is sold, the tungsten is put in, then the bar is closed up. That is a sophisticated operation.

... Dispatch continues at http://www.gata.org/node/11756 ...

Views: 166

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by Less Prone on September 21, 2012 at 3:20pm

Copper is a great malleable metal. You can make almost any kitchenware of it, quite easily.

Comment by TheLasersShadow on September 20, 2012 at 2:08pm

I agree Tara gold is for storing wealth so after the depression collapse is over when legit trade and order starts up again you can convert back to a currency or invest. I don't own gold just silver, food and guns.

People are going to try to rob you for anything! If you have just a small amount of food people are going to try to rob you. Best solution is to have a handgun on the hip and to be very good with it along with always having your favorite rifle very close by at all times. We're going to have to harden ourselves and be ready to defend ourselves with lethal force. If your not able to do that you will be a victim. The Ghandi routine and being a nice person won't cut it.

Comment by Tara on September 20, 2012 at 1:49pm

I agree DTOM! And also, food is of the greatest value in desparate times. You certainly can not eat gold bars unless... you get a Willy Wonka bar with a golden ticket ;)

Comment by DTOM on September 20, 2012 at 7:38am

I've reached the opinion that it would be foolish to trade with gold.

Word gets out you have gold, unsavory individuals will automatically assume that you have more gold +XYZ and will come to get it.

I think that in a post-collaspse scenerio it's going to be raw stock and materials that cannot be produced outside of specialized industry that would be desirable.

Silver, tungsten, lead etc.

Copper pipe and wire would be better than bars, and have more practical use. Old copper coins too, for general trade.

Comment by Less Prone on September 20, 2012 at 7:15am

Maybe we should start buying tungsten bars, instead of gold. Certainly they would not be fake. More options; platinium, silver, copper ...

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

STRANGE THINGS HAPPENING IN YELLOWSTONE

It’s not the fact that Yellowstone National Park sits atop a super volcano that hasn’t erupted in…See More
5 hours ago
tjdavis posted a video

Austrian police raid house of man who leaked Israeli ambassador video making genocidal comments

In a new ITV documentary, Breaking Ranks: Inside Israel’s War, former Israeli soldiers describe how Gaza civilians were killed, often without warning, in an ...
21 hours ago
Burbia posted a video

WARHAMMER 40,000 | 1980's GRIMDARK MOVIE

WARHAMMER 40,000 | 1980's GRIMDARK MOVIEThis is a Concept Movie Trailer made with the help of AI. This video is created purely for fun and out of curiosity a...
22 hours ago
tjdavis favorited Sandy's discussion Sick sci-fi sex fantasy written by Epstein's first benefactor people say inspired his twisted island... before author's SON ended up arresting him
yesterday
tjdavis favorited Sandy's discussion Sick sci-fi sex fantasy written by Epstein's first benefactor people say inspired his twisted island... before author's SON ended up arresting him
yesterday
tjdavis commented on tjdavis's blog post THE ORIGINS OF THE WORLD ASSOCIATION OF SOCIAL PSYCHIATRY IN LONDON, UK IN 1964
"Tavistock Timing"
yesterday
tjdavis posted a blog post
yesterday
Doc Vega posted a blog post

The Ringside View

Down in the streets where the animals meetWhere tear gas flies and people get beatWhere…See More
yesterday
tjdavis posted videos
yesterday
tjdavis posted blog posts
Tuesday
Doc Vega posted a blog post

Is America on the brink of a Dire Emergency

 You might know if you have remained informed that America has been under asymmetric warfare for…See More
Saturday
tjdavis favorited Burbia's video
Nov 13
tjdavis posted videos
Nov 13
rlionhearted_3 commented on Sandy's photo
Nov 11
cheeki kea posted a photo
Nov 11
cheeki kea favorited tjdavis's blog post Propaganda,Cognitive Warfare Europes Self Destruction
Nov 11
cheeki kea commented on tjdavis's photo
Thumbnail

Sustenance

"Bacon health to the nation for one and all and stealth for operations elsewhere in the war. Yip a…"
Nov 11
Doc Vega posted a blog post

The Consequence of Loneliness: Another Missing Person Case

Chapter I“Unit 7, Unit 7. Do you read? This is dispatch!”“This is Unit 7, over!” Deputy Patterson…See More
Nov 10
Cora is now a member of 12160 Social Network
Nov 10
tjdavis's 3 blog posts were featured
Nov 10

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted