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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: IngotWeTrust who wrote (81189)	1/27/2002 10:09:21 PM
From: E. Charters	Read Replies (1) of 116762

The first time I heard the tungsten story was concerning a fraud supposedely perpetrated on the Bank Of Nova Scotia by some gangster. This is before the phony Krug scare. Someone was supposed to have passed off a gold coated 100 lb. tungsten brick on the bank. This makes sense to do. But bricks that are 4 nines pure are weighed, have a registered weight to the gram and also a serial number. So you can track them. You don't get away with it unless you want to run after a sale. You also have to duplicate the stamp of the refinery accurately. In order to do a coin one would have to make a tungsten blank of just the right size in order that by dipping it in molten gold, It comes out just the right size and thickness such that stamping and engraving after does not go too deep and the coin size is perfect. Weight must be to the milligram. Can you imagine what a job that is to do? Milling and engraving must be perfect and not overdo it. Thickness of the gold must be perfect and considerable. It would be cheaper just to make a pure gold coin and be done with it. A one ounce coin is perhaps 25mm across and 3 mm thick. The engraving is about one mm deep. That does not leave much for tunsgsten. the gold coating would have to be almost 2/3 of an ounce to work. And getting weight right and size right and the die too would have been a superlatively difficult engineering job. Engraving the tungsten, plating by hot dip and remilling would not be that easy either. Not worth it for a counterfeiter. But could a gov't do it,if they were interested in jolting the SA economy? Well yes, it is technically feasible. Two things should change about the fake coin. Its sonic conductivity and reflection and its heat capacity. Both should be measurable. EC<:-}

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