They will counterfeit just about anything

Just read an interesting article on Coinweek. There has been a rash of fake gold bullion bars discovered recently. The bars contain the right amount of gold, but have fake stamps on them.

Give the article a read: https://coinweek.com/bullion-report...ullion-unsettling-investors-around-the-world/

 

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Already posted https://www.cointalk.com/threads/fake-gold-bars-link.345618/

 

Oops, my bad, I scanned the first page and missed that.

 

Yes, watching the Facebook blacklisting site you see the fake swiss, apmex etc bars IN the fake packaging.

Several banks have found millions of dollars of fake swiss gold bars in Their vaults. There's many news articles about it such as
https://nypost.com/2019/08/28/gold-...d-into-global-markets-jpmorgan-vaults-report/

 

Anyone have a link to the FB blacklisting site Clawcoins mentions or name of the group page ? thanks

 

What's interesting is that this gold is making its way out of China on the black market. I say "black market" because these bars are being made to look like respectable bars to (I assume) enhance liquidity. You shouldn't need to do that for registered bars leaving government vaults.

 

As long as there is value, people will seek out new ways to counterfeit and
Make money.

 

Do folks that invest in these bars pay a premium for the foundry label? I understand that they are counterfeit. But an ounce of gold is still an ounce of gold, right? How in heavens name could a counterfeit operation come out ahead?