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Gold Bar counterfeit story on Zero Hedge

Discussion in 'Gold Silver (All things Metal)' started by Metalophile, Oct 30, 2017.



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  1. Metalophile

    Metalophile New Member

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  2. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Junk silver...
     
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  3. Ebie

    Ebie Midas Member Midas Member

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    Don't buy one oz gold "wafers" .
    And how could it contain no gold at all?
    And why no photo of it in the story?
    Odd...
     
  4. davycoppitt

    davycoppitt Seeker Seeker

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    If I were to buy a bar in plastic it for sure would come out of there.
     
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  5. nowon

    nowon Seeker Seeker

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    precious metal verifier
     
  6. lumpOgold

    lumpOgold Gold Member Gold Chaser Site Supporter

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  7. latemetal

    latemetal Platinum Bling Platinum Bling

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    I don't buy slabs period, I weigh and measure everything but 90% silver coins, and I may start on them too.
     
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  8. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    The fact that the person bought it from a Royal Bank of Canada branch and the bar was supposedly made by the Royal Canadian Mint is a bit unnerving. Both organizations have very strict asset tracking systems. My guess it is a man-in-the-middle scheme where some insider is pulling a fast switch-a-roo.

    The authorities will find a perpetrator (guilty or innocent) since this is bad for business.
     
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  9. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    I buy only government minted coins, and I only buy brand new ones. Mainly because I don't want scratches. But if I'm ever in doubt, the ping test phone app is the way to go.
     
  10. nowon

    nowon Seeker Seeker

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    This site records known counterfeits and helps prevent being conned.

    www.fakebullion.com

     
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  11. TomD

    TomD It blowed up, y'all Platinum Bling

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    There is only the buyer's word that the bar tested is the same one bought. Without an assured chain of custody, I ain't buying the accusation.
     
  12. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Site Supporter Platinum Bling

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    It can depend on the length of doing business together, and of course getting the press involved did not hurt the jeweler. I seriously doubt this was a first time transaction between the bank branch and the jeweler.

    This could have been a switcher00 by a bank employee in that department or as the bar was leaving the mint.

    My guess is it was not cheap to make the fake and it took somebody or bodies with some skills to be involved in the creation of the fake.
     

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