Tungsten-Filled Gold Bar Found in U.K. — Here’s Why You Should be Worried
Here’s an unsettling story out of the U.K.:
Last week, the gold dealer ABC Bullion received an email from one of its refinery partners warning them about a Metalor 1000gm Au bar that had been drilled out and filled with Tungsten.
Uh Oh: Tungsten Filled Gold Bar Found in U.K.“This bar was purchased by staff of a scrap dealer in [the] UK,” the email states.
“The bar appeared to be perfect other than the fact that it was 2gms underweight…The owner of the business that purchased the bar only became suspicious when he realized the weight discrepancy and had the bar cropped. He estimates between 30-40% of the weight of the bar to be Tungsten.”
With the price of gold skyrocketing, should we expect to see an increase in these types of gimmicks? Probably.
