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Counterfeit gold bars

Silently and quietly, counterfeit gold bars, bearing the logos of major refineries, are multiplying.

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The counterfeits come onto the market to wash smuggled or illegal gold, according to Reuters and the refineries. Over the past three years, all four leading gold refineries in Switzerland have identified bars bearing the Swiss Refineries logo. However, they were not made by these. After all, the value amounts to at least 50 million US dollars.

It is not the gold bars weighing around 12.5 kilograms stored by central banks that are affected, but gold bars (one kilogram) about the size of a mobile phone. These gold bars are the most widely circulated form of gold in the world.

Although this is a relatively small part of global production, the counterfeits are hardly discernible. So it could also be more counterfeits than is known. Because the gold is real, only the markings are fake. Illegal trade with gold bars and money laundering should, however, be prevented. Gold supplies that finance terrorism, organized crime or conflict are to be stopped.

Although the number of counterfeit gold bars found has fallen since 2017, it is believed that the problem has increased as counterfeits become more sophisticated. The purity of a genuine bar is 99.99 percent. The fake ones mostly at 99.98 or 99.90 percent. In order to bet on the value preservation vehicle gold, not only bars should be bought, but also the shares of well positioned gold companies, such as Aurania Resources or Bluestone Resources.

Aurania Resources - https://www.youtube.com/watch?v=QAYv2kyzfkY=15s - explores precious metals and copper properties. The main project is the Lost Cities Cutucu project in the Andes in Ecuador. Diamond drilling equipment is currently being used to explore the gold, silver and copper deposits there.

Bluestone Resources - https://www.youtube.com/watch?v=FjsHNthG_vs=4s - is making good progress with its Cerro Blanco project located in Guatemala. Recent drilling has produced up to 28.6 grams of gold and up to 186 grams of silver per ton of rock.

Aktuelle Unternehmensinformationen und Pressemeldungen von Aurania Resources (https://www.resource-capital.ch/de/unternehmen/aurania-resources-ltd/) und Bluestone Resources (https://www.resource-capital.ch/de/unternehmen/bluestone-resources-inc/).

 

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies and that there is therefore a potential conflict of interest. No guarantee for the translation into German. Only the English version of these messages is valid.

Disclaimer: The information provided does not constitute any form of recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for damages arising from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. For the correctness of all contents however no guarantee is taken over. Despite the greatest care, I expressly reserve the right to make
an error, particularly with regard to figures and prices. The information contained herein has been obtained from sources believed to be reliable, but does not claim to be accurate or complete. Due to judicial judgements the contents of linked external sides are to be answered for also (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no express dissociation from these takes place. Despite careful content control, I do not assume any liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/

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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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