In March, certain corners of the Internet exploded when a one-kilo gold bar was allegedly found to have been "salted" with Tungsten, a metal with a similar weight but far less valuable.
In other words, a gold bar was filled with a much cheaper metal to defraud buyers. An ounce of gold is worth $1,766, while an ounce of Tungsten is worth about $360.
An alarmed, if skeptical, post from Felix Salmon first drew attention to it.
Read more: http://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9#ixzz2CL553M96
Here's what Fadl found:
Rob Wile for Business Insider
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Rob Wile for Business Insider
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Ten ounce bars are thicker, making them harder to detect if counterfeited — the standard X-rays used by dealers don't penetrate deep enough.
Read more: http://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9#ixzz2CL4v243d
http://www.silverdoctors.com/10-more-tungsten-filled-gold-bars-discovered-in-manhattan/
