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03-02-2010, 11:10 PM #1
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Gold Counterfeiting: German TV discovers 500g Tungsten bar
Gold Counterfeiting: German TV discovers 500g Tungsten bar from bank
German ProSieben TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin
From my estimate, 500 grams (or about 17.63 ounces) of gold at spot should be about $20,000 (US) instead of just over $20 (US) that Tungsten would be worth. That’s quite a rip-off.
Tyler Durden
Zero Hedge
March 2, 2010
German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world’s largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that “not all the glitters is gold.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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