SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (57703)11/10/2009 9:37:00 AM
From: prometheus1976  Respond to of 219629
 
back in the 1980's the serious coin counterfeiting was in Numismatics...make a dye-cast,use real gold,and sell it for 3-5 times the spot price..

i am sure they are still floating around somewhere.

regards,P1976



To: KyrosL who wrote (57703)11/10/2009 10:24:08 AM
From: RJA_  Read Replies (1) | Respond to of 219629
 
>>Bullion coins are better than bars, but with gold above 1K, I am sure there is plenty of potential for counterfeiting even for coins.

The answer:

fisch.co.za

I have had a set of these since the '70's.

They work quite well.

Of course, they were cheaper then... and I think only 2 wallets available.

They saved me from buying either a malformed or fake KRand. Dealer swapped for another, and issue went away.

Does not really help for platinum/palladium yet... but I expect there is not much of that counterfeited.

Another way is to buy the PAMP stuff, serial numbers stamped on bars, sealed in plastic high quality packaging, same number machine printed on package itself, I expect would take some effort in the counterfeiting dept to duplicate that.



To: KyrosL who wrote (57703)11/10/2009 6:28:51 PM
From: TobagoJack  Respond to of 219629
 
i suppose you could well be correct, and counterfeit coins be, they would likely trade from the little shops so dotting america as opposed to proper banks that engage with bullion transactions in asia.

i suppose the perps of gold fraud will buy some proper gold with their enormous margin, and if so, gold bullish, even should a lot of one-off gold buyers fall prey, making their imperative only more so, either pony up for real gold or go under the waves.