tungsten-filled bars
The gold-plated, tungsten-filled bars story hasn’t gone away. Not only has it continued to pop up in various gold and hard-money, investment-advisory letters; but even the populous press publishers, like the American Free Press and Rense.com, have found it expedient to publish material on it as well.
Recently, rense.com had it in an article on “More Tungsten Fake Gold Bars Found” (from Coin Update News of Mar 2, 2010, by Patrick Heller). This one said that W. C. Heraeus (a metals refinery in Hanau, Germany) found a tungsten, gold-plated, 500-gram bar it received from a bank. A Heraeus employee was suspicious of the bar. To check out his suspicions, he cut it in two. It was found to be tungsten with a gold plate. I would just add here that the find involved a 500-gram bar (reportedly 16.0755 troy ounces?) and not a 400-ounce bar. There is a considerable difference between the two.
The Coin news report repeated the rumor of fake, gold-plated, tungsten bars allegedly found in the Chinese central bank. The Coin story concluded that “there has been almost a total blackout on news coverage of this story.” Well, this charge can’t be laid to gold investor news sources and letters as numerous attempts continue to be made with regularity to try to validate and legitimize the original story that cropped up last fall in the vein of an alleged 1.3 to 1.5 million 400-ounce bars produced in the US to flood/fool various nations in the world.
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