Tuesday, 19 February 2013

Tungsten Filled Gold Bars

In March 2012 a one-kilo gold bar was allegedly found to have been "salted" with tungsten.

That episode was debunked by the Perth Mint but in September 2012 a gold dealer in Manhattan's Diamond District on 47th Street discovered an evidently certified gold bar that was in fact more than 75 percent Tungsten.
"Ten ounce bars are thicker, making them harder to detect if counterfeited — the standard X-rays used by dealers don't penetrate deep enough.

Plus, the bars had been sealed and numbered. So whoever did this must be running an extremely sophisticated operation, Fadl said."

Conspiracy theorists went into a feeding frenzy. Some suggested this incident was the 'tip of the iceberg' in the theory of a vast conspiracy that the world's gold supplies are being debased by filling gold ingots with tungsten.

"Are the gold bars in Fort Knox really made of the precious metal? Or has the U.S. government secretly sold off the nation's stockpile and replaced it with metal bars that are only painted gold?

Ron Paul wants to find out. Giving legitimacy to an Internet conspiracy theory that the gold in Fort Knox is fake, the iconoclast Republican congressman from Texas has asked adminstration officials to audit the purity of the nation's 700,000 gold bars held in Fort Knox, according to an internal Treasury document obtained by CNBC.

Obtaining gold plated tungsten is just a click away. China Tungsten Manufacturing & Sales Corp allows consumers to purchase directly.

The site advertises:

People have discovered that tungsten is environmental-friendly, durable and hardness, the most important is that its density of 19.25g/cm3 is just about the same density as gold (19.3g/cm3), which bears the similar specific gravity.
These advantages make tungsten alloy golden bar and gold-plated tungsten bar enjoys the superiority to be the best golden substitution for the costly metal of gold or platinum."