81 tons fake gold from China

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Lots of people buying from e-bay have got fake ingots and will never know until some one checks..
 
Ded Driver said:
thedigger said:
If true, it seems strange that they would use copper which is lighter & more expensive than lead, & surely, certainly not titanium, which is far too light to pass off as a gold bar

Titanium isn't mentioned in the article. Are you confusing it with tungsten, which is mentioned and is used because it has the same density as gold?
 
grubstake said:
Ded Driver said:
thedigger said:
If true, it seems strange that they would use copper which is lighter & more expensive than lead, & surely, certainly not titanium, which is far too light to pass off as a gold bar
Titanium isn't mentioned in the article. Are you confusing it with tungsten, which is mentioned and is used because it has the same density as gold?
speed reading ... somehow my brain got foggy & read Titanium :rolleyes:
I thought that would be odd. Tungsten makes sense
 
If you read Australian Gold Gem and Treasure, February 2020 edition, page 27 you'll see that they have been accused of being at scams such as this for over 100 years. There's an article in the mag dated 25th August 1911 that talks about The Celestials faking small granular gold using gold dipped lead and zinc pellets placed in chamois bags and sold to banks as alluvial wash. It was costing about 8 shillings an ounce to produce when gold was selling for 3 pounds, 17 shillings and sixpence an ounce. Nice profit!
:mad: :mad:
 
Seen a fake gold bar on the Philippines years ago ...knew an English man at the time they bought one thinking he was getting a bargain. ..in a way it was karma as he was a bit of a fraudster himself..
 

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