Tag Archives: gold bars

Watch out for Fake Gold Bullion Bars

When you buy gold bullion bars these days you expect the metal to be pure gold but recently fake bars are being sold around the world and one of them was detected in the U.K. filled with tungsten. Detecting fake gold bullion is important to ensure that you retain the value of your gold bars.

When you purchase gold bars you expect them to be real gold bars, not fake. Fake gold bullion bars are those which have had the gold drilled out of them and the gold replaced by tungsten. Tungsten is a similar weight to gold and so the difference is not easily detected at once. But if you weight the bar there can be enough of a difference to warrant further inspection.

Many of these ‘gold’ bars can be in existence undetected as it is rare that anyone actually tests every individual gold bar they have. So when you buy gold make sure your product is pure gold and not fake. You can check for tungsten in the gold bars by melting them down and separating the different metals. Each metal melts at a different temperature so for example tungsten melts at a higher temperature than gold. This can be an expensive project.

Another way to detect fake gold bars is to weight them but the different weight between tungsten and gold is very hard to detect.

Here the ultrasonic instrument is coming to your rescue. It shows you whether the big gold bar has metal of consistent characteristics(pure gold). Or if it has a void area with tungsten buried below some millimeters of fine gold. Testing small bars, even if they are sealed in plastic foil (less than 0.5 mm thick) takes only a few seconds.

Finally, when you are buying gold bars make sure you are dealing with a reputable dealer and if you are buying large quantities of bars check them with an ultrasonic instrument.

Via EPR Network
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Banks May Soon Be Able To Buy Gold As Tier 1 Capital

The Basel Committee for Bank Supervision, the maker of global capital requirements and whose Basel III rules form the basis for global bank regulation, is studying making gold a bank capital Tier 1 asset. The purchase of gold may drive up its demand worldwide. In addition, gold should increase the value of the banks total capital.

Goldbullionadvisors.com is a consulting firm which helps the banking industry secure gold bullion from its worldwide suppliers. Most banks will purchase physical gold and retain possession of the bullion in their vaults to enhance its capital.

Under the proposal gold would carry a zero percent risk weighting under tier 1 capital. Gold is coming back into the banking system. We are in a world where currency wars are being fought daily, and as the system continues to collapse under its own weight of paper printing, gold will be the go to asset and possibly the last man standing.

For more information about our firm, please visit www.goldbullionadvisors.com

Via EPR Network
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