Safeguards can spot fake gold bars |  |
With gold-plated tungsten bars making another appearance this week, (http://www.gata.org/node/11767), it's time to call attention again to the safeguards used by the best gold dealers to avoid getting cheated and to avoid cheating their customers.
In March the Perth Mint's Bron Suchecki wrote about these safeguards, particularly ultrasonic testing, in an essay GATA reported about:
http://gata.org/node/11177
Suchecki's essay remains posted at the Perth Mint's Internet site here:
http://www.perthmintbullion.com/us/blog/blog/12-03-26/Fake_Bars_-_The_Fa...
GoldMoney's standard includes ultrasonic testing, which is described in both text and a video here:
http://www.goldmoney.com/gold-testing.html
Jim Sinclair notes that stories about fake bars could be used as disinformation to discourage gold investors. All the more reason to refuse to be discouraged and to be informed about your vendor.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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