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Fake Gold Bars

The weight of a real gold bar was already simulated using tungsten in the 1971 crime thriller "Frankfurter Gold".

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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/).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting 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. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents 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/en/disclaimer/ 

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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.

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