Fake gold bars out of tungsten a counterfeit story

Short-term investments are very optimistic, and irregular, unpredictable and unreliable. However, are long-term investments, relatively speaking, are considered safe and reliable. The precious metals such as gold and silver to be real money, and governments have been degraded precious metals since the night of time. It's all about money and printing fake anyway. Until the stock was losing value, gold was going down steadily, increasing by five percent in U.S. dollars.However, you may 'buy and hold' strategy does not work anymore, such as the subprime crisis has shaken this belief in the development of long-term investment. Now, has joined the bandwagon of gold a safe long-term investment that will pervert treading the path of the mortgage crisis?
Fake story

October, the bankers in Hong Kong for a rude shock when they discovered some gold bullion from the United States that in fact any gold-plated tungsten, and alloys of gold and fake. Act quickly, and Chinese officials found the perpetrators within hours. It seems that imaginary spaces tungsten, between 1.3 and 1.5 million ounces of 400, manufactured in the United States about fifteen years ago under President Clinton. Refinery has been said by the very sophisticated, 640 000 of these panels were gold-plated tungsten and turned into Fort Knox. The remaining gold plated as well, but sold in the international market. (Fort Knox, as you may be aware, is the United States Bullion Depository, where it is stored reserves of gold, the official of the Federal Government, and a deposit of about 4603 tons (4 176 tonness metric) is the depository second gold higher in the United States after the basement of the Federal Reserve (Bank of New York underground in Manhattan (5000 tonness metric of gold), and pulled this one on the gold bullion and contacts within the government, large banks and also among the top manufacturing facility-the-line. For I did, counterfeit is not something new for the U.S. government , this is 1964, when introduced Dimes zinc wearing silver, and for this reason will be assessed before the 1964 coins and more. On the other hand, early this year, another story of counterfeit tours and some have been found on the gold bullion in the coffers of the National Bank to be Ethiopia steel plated with gold, and made news when it was shipping gold from South Africa, but could have been a work of genius and alloys of gold and a fake made of steel are among the easiest to detect as they are lighter. Among the gold coins, 22k coins such as gold Krugerrand, are less susceptible to fraud because the density of 22k gold minted from gold alloy that is 91.67 percent pure, is very far from each other than that of tungsten. Tungsten has the same density (19.25g/cm3), and gold, in the bar and fake can not be distinguished by its weight. For comparison pure 24K gold density within 0.26% of tungsten.
Source: Gold quote.net
The table above shows that although the density of tungsten is within 0.26% of pure gold, making it nearly impossible to detect, it is approximately 5% heavier than gold 22 carats of Kruger. He said that the fake currency differences dimension Carat 22 must be 6 times greater than that of the same coin, of pure gold to the weight of the same. This one is 6 times more likely to detect fraud or currency 22k piece of jewelry made of pure gold bar replicas by measuring simple.Thus, only by the weight of the coins you tell the difference. So why not fake coins and many in the market? Currencies are more liquid and dissemination, but to change hands more easily so probably will be detected and the fake one. The gold bullion on the hands and other exposure to the hands of a few people as possible (the fear of theft). They are quoted in armored trucks, and serial numbers are exchanged and you are far away they are stacked in the basement never to see the light again. Credibility depends on a piece of paper and is easy to forge. Work also involved in the manufacture of counterfeit currency does not make it worth the time the criminal bar of gold. (Cost $ 50,000 to make a fake $ 400,000 gold bar because real gold paint and work on). Gold coins have a lot of details including the number of hills on both sides, etc.. There are a lot of numismatic enthusiasts out there to tell real from fake.
Tungsten: the ideal replacement gold

Tungsten is a steel gray metal found in a rectangular shallow deposits. It's high melting point and very fragile, which makes it difficult to work with when it is raw. Chinatungsten like today, companies are using tungsten in the manufacture of jewelry and coins in the memorial. Chinatungsten even offers an alternative to gold alloy of tungsten. Chinatungsten even boasts on its Web site, and about being "experts who are used to fabricate tungsten bars and disks coated with gold."It is a large-scale, in fact. The question is only since refineries can manufacture high-end counterfeit, and you can have them? Not that made any time before the Chinese counterfeit copies of anything. Incidentally, China is the largest producer of tungsten in the world.
Counterfeit coins and gold trade

Well, the impact of currencies on the trade of counterfeit Gold: GLD Enterprise is a case in point. General Legal Division and the European Training Foundation (Street gold shares), was born five years ago in November 2004, the first institution in the United States to allow stock traders to gain direct exposure to commodity price of the material (gold and silver). Investors in securities and assets can be purchased to track gold prices, and get to know a straightforward, easy for gold and speculation, the purchase or sale. This is the second largest market in the world behind the espionage, with 1117 metric tons of gold bullion in Mammoth confidence value for shareholders. General Legal Division, has in fact been more gold bullion from the central banks of China, Switzerland, Europe, Japan and India.The impact of the General Legal Division is that these commercial activities can affect the world prices directly. So, are they going to dig all of their bars to tell the real from the fake ones? Are they going to tell anyone even if there is only one bar of gold and fake somewhere? What will happen to the investors of billions if it turns out to have a gold and fake? General Legal Division considers the distinction between 'gold' and 'investing in gold. It is not clear what these investments in gold, and it can be anything even remotely related to the gold. That is, it leaves at a loss because there is no independent third party reviews. The value of the Fund should be removed pegged the value of real gold if you do not hold real gold and potential collapse and with it billions of dollars in retirement investment. Affected persons will be more as there may be more than one person owning the same assets, and therefore not entitled to automatic contract material.
Just look at some 'risk factors' listed in the Bulletin of the General Legal Division: "gone are subject to the Trust, and the loss of theft, damage, or impose restrictions on access".
"We may not have the confidence of adequate sources of recovery in the case of gold lost, damaged, stolen or destroyed, and recovery may be limited, even in the case of fraud, and the market value of gold at that time was the discovery of the fraud."
"The ability of the values ??and the Custodian to take legal action against subcustodians may be limited, which increases the likelihood of that confidence may suffer from loss if subcustodian does not use due diligence in guarding the Gold Trust."
In any case anything happens, it can shake the GLD easily for her role in the entire game. However, no one is willing to bet on the collapse of the gold market, and even now. Also, UBS and Goldman Sachs and is expected to increase prices of gold this year. In the meantime, India has bought the world's biggest gold consumer, 200 metric tons of gold from the International Monetary Fund, to protect against dollar weakness. It is expected, China, Brazil and Russia to buy the rest of the gold that the IMF of about 403.3 tonnes.So, the question in the previous section for gold, investment in the long run, should one path is still the gold price? Yes, derivatives such as reliable quote.net gold. After all, it is better to be wise than lucky.