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

Saint Quinn favorited Burbia's video
8 hours ago
Doc Vega posted blog posts
15 hours ago
Burbia commented on tjdavis's blog post The Jewish Couple That Taught Bob Dylan Hebrew and Introduced Him to Zionism
"Haaretz put this story behind a pay wall. Sali Ariel and Terry Noble were the names of the couple…"
yesterday
William Heckman is now a member of 12160 Social Network
yesterday
cheeki kea commented on tjdavis's photo
yesterday
cheeki kea commented on cheeki kea's video
Thumbnail

This Woman DESTROYED Harley-Davidson's Future Forever

"It's a sad day on the highway. But I guess the show must go on. Watch out for the ruination of…"
yesterday
cheeki kea posted a video

This Woman DESTROYED Harley-Davidson's Future Forever

This Woman DESTROYED Harley-Davidson's Future ForeverWelcome to Ride Radar – Your Frontline Source for Motorcycle Deals, Trends & Market Mayhem.Looking for t...
yesterday
tjdavis posted a photo
Wednesday
Burbia posted a status
"Who knew releasing the MLK files and literally deflecting, it ends up implicating himself with the Epstein Files."
Tuesday
Burbia posted a video

Dan Bilzerian DEMOLISHES MAGA Nutjob Patrick Bet-David on His Own Show

Watch as two powerhouse personalities collide in this no-holds-barred debate on one of the world’s most contentious issues. Patrick Bet-David, known for his ...
Monday
Doc Vega's 7 blog posts were featured
Sunday
tjdavis's 2 blog posts were featured
Sunday
Less Prone favorited tjdavis's blog post Track AIPAC
Sunday
FREEDOMROX's blog post was featured

MRNA VACCINES: Question

Hello my fellow sojourners,I know it has been five years since the Plandemic, but one question has…See More
Sunday
Less Prone favorited FREEDOMROX's blog post MRNA VACCINES: Question
Sunday
cheeki kea commented on cheeki kea's photo
Saturday
cheeki kea posted a photo
Saturday
Doc Vega posted blog posts
Jul 18
Doc Vega commented on Doc Vega's blog post Marjory Taylor Green Proposes Bill Abolishing Geoengineering or Weather Modification
"cheeki kea Marjory is in a daily battle with Democrats on the hill constantly coming up with more…"
Jul 18
Doc Vega posted blog posts
Jul 16

© 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