Fake Gold Bars
Counterfeit gold bullions come out all the time. Caution is therefore called for, especially in the current gold rush, for example when buying on the Internet. There are several ways to detect a gold bar as a counterfeit. Weighing, as I said, doesn't help. Because tungsten has a weight similar to gold. Melting down but is not practicable. With the help of ultrasound or by drilling into a bar, it would be possible to track down the wrong bar.
Often the gold plating on a gold bar is so thin that you can easily scratch it off and find the fake core. Another counterfeiting crisis is shaking up the global gold industry: the counterfeiters are working very cleverly and are affixing the logos of large refineries to the bars. The bars are genuine and of high purity. This is how smuggled or illegal gold is washed.
Because without the stamp of a renowned refinery, the gold would have to be offered underground or at discounts. A few thousand fake bars have been found lately. But there are probably still many in circulation.
The suspicion went in the direction of China, with the Shanghai Gold Exchange, which regulates the Chinese gold market, invoking its strict administration. The only thing that helps here is to buy from trustworthy traders or invest not in bars but in the shares of gold companies - so to speak betting on the gold in the ground.
TerraX Minerals or Treasury Metals could be considered - https://www.commodity-tv.net/c/search_adv/?v=299172. Both are located in Canada, a country best suited for gold prospectors. TerraX Minerals is in the summer drilling program with its Yellowknife City gold project in the Northwest Territories.
Treasury Metals has a highly advanced prospective gold project with its Goliath gold project in Ontario. The infrastructure is excellent, and production should start in the foreseeable future.
Current corporate information and press releases from TerraX Minerals (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/) and Treasury Metals (https://www.resource-capital.ch/en/companies/treasury-metals-inc/).
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