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The Splendor Of Gold Bullion Ingots
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<img src="www.goldmadesimple.com/AdminIm…" style="float:right; margin:10px 0px 10px 10px;" alt="Gold ingots for sale" title="Gold ingot" /> Gold bars are produced in a wide variety of sizes, shape, and fineness, most of them destined for one-way transit to manufacturing end-users who intend to refabricate the gold into other forms such as industrial/electronic plating or decorative applications. Most gold bars are not intended for use as investment goods (i.e., recirculated on the secondary public industry) primarily since their authentic weight and purity both fall into question owing to the ease of tamperability once the bars have traveled outside of the original commercial chain of custody. Nevertheless, one very notable exception to the use of gold bars for investment and monetary purposes is with regard towards the large (350-430 oz.) London Excellent Delivery bars which are maintained with a trustworthy chain of custody inside the confines of an international network of central bank reserves and commercial bullion banking vaults. For the individual investor who demands more flexibility with regard to each portability and liquidity, gold coins fit the bill perfectly and are by far the most well-known type of gold ownership.
On Wednesday, the BBC reported that millions of dollars in gold at the central bank of Ethiopia has turned out to be fake: What had been supposed to be bars of solid gold turned out to be nothing more than gold-plated steel. They tried to sell the stuff to South Africa and it was sent back when the South Africans noticed this little difficulty.
This is an wonderful story for two factors. Initial, that an institution like a central bank could get ripped off this way, and second that the folks responsible used such a lousy excuse for fake gold.
gold (I'm not really, I just feel I'm) ever given that I was asked to give advice on the subject towards the author Damien Lewis for his current thriller, Cobra Gold. I worked out in detail for him how you could make truly convincing fake gold, and ended up as a minor character inside the novel, where I'm identified as "Goldfinger Gus".
The problem with generating good-quality fake gold is the fact that gold is remarkably dense. It's nearly twice the density of lead, and two-and-a-half times more dense than steel. You don't typically notice this because small gold rings and also the like don't weigh sufficient to make it apparent, but if you've ever held a larger bar of gold, it is completely unmistakable: The stuff is extremely, really heavy.
The regular gold bar for bank-to-bank trade, recognized as a "London excellent delivery bar" weighs 400 troy ounces (over thirty-three pounds), but is no bigger than a paperback novel. A bar of steel exactly the same size would weigh only thirteen and a half pounds.
According to the news, the authorities have arrested fairly significantly every person involved, from the individuals who sold the bank the gold, to bank officials, towards the chemists responsible for testing and approving it on receipt.
The problem is, any person who so much as picked up 1 of these bars should have recognized instantly that they had been fake, no fancy test needed. The weight alone is an instant dead giveaway. Even a forklift operator lifting a palette full of them really should have noticed that his machine wasn't operating tough sufficient. I feel they must have been swapped out whilst in storage: Somebody walked in every day having a new fake gold bar and walked out having a actual one. If they had been fake on arrival then every person who handled them in any way should have either had no encounter with gold or been in on the scam.
<img src="wallpapers-diq.com/wallpapers/…" style="float:right; margin:10px 0px 10px 10px;" alt="Gold ingot" title="Gold ingot" /> Now, for me the more interesting question is, how do you make a fake gold bar that at least passes the pick-it-up test? The issue is the fact that you will find extremely couple of metals that are as dense as gold, and with only two exceptions they all price as a lot or a lot more than gold.
The very first exception is depleted uranium, which is low cost if you are a government, but difficult for individuals to obtain. It's also radioactive, which could be a bit of an issue.
The second exception can be a actual winner: tungsten. Tungsten is vastly less costly than gold (perhaps $30 dollars a pound compared to $12,000 a pound for gold correct now). And remarkably, it has specifically exactly the same density as gold, to 3 decimal locations. The main differences are that it's the wrong color, and that it is much, much tougher than gold. (Very pure gold is very soft, you can dent it having a fingernail.)
Tags: Gold ingots for sale, Gold ingots for sale, Gold ingots
On Wednesday, the BBC reported that millions of dollars in gold at the central bank of Ethiopia has turned out to be fake: What had been supposed to be bars of solid gold turned out to be nothing more than gold-plated steel. They tried to sell the stuff to South Africa and it was sent back when the South Africans noticed this little difficulty.
This is an wonderful story for two factors. Initial, that an institution like a central bank could get ripped off this way, and second that the folks responsible used such a lousy excuse for fake gold.
gold (I'm not really, I just feel I'm) ever given that I was asked to give advice on the subject towards the author Damien Lewis for his current thriller, Cobra Gold. I worked out in detail for him how you could make truly convincing fake gold, and ended up as a minor character inside the novel, where I'm identified as "Goldfinger Gus".
The problem with generating good-quality fake gold is the fact that gold is remarkably dense. It's nearly twice the density of lead, and two-and-a-half times more dense than steel. You don't typically notice this because small gold rings and also the like don't weigh sufficient to make it apparent, but if you've ever held a larger bar of gold, it is completely unmistakable: The stuff is extremely, really heavy.
The regular gold bar for bank-to-bank trade, recognized as a "London excellent delivery bar" weighs 400 troy ounces (over thirty-three pounds), but is no bigger than a paperback novel. A bar of steel exactly the same size would weigh only thirteen and a half pounds.
According to the news, the authorities have arrested fairly significantly every person involved, from the individuals who sold the bank the gold, to bank officials, towards the chemists responsible for testing and approving it on receipt.
The problem is, any person who so much as picked up 1 of these bars should have recognized instantly that they had been fake, no fancy test needed. The weight alone is an instant dead giveaway. Even a forklift operator lifting a palette full of them really should have noticed that his machine wasn't operating tough sufficient. I feel they must have been swapped out whilst in storage: Somebody walked in every day having a new fake gold bar and walked out having a actual one. If they had been fake on arrival then every person who handled them in any way should have either had no encounter with gold or been in on the scam.
<img src="wallpapers-diq.com/wallpapers/…" style="float:right; margin:10px 0px 10px 10px;" alt="Gold ingot" title="Gold ingot" /> Now, for me the more interesting question is, how do you make a fake gold bar that at least passes the pick-it-up test? The issue is the fact that you will find extremely couple of metals that are as dense as gold, and with only two exceptions they all price as a lot or a lot more than gold.
The very first exception is depleted uranium, which is low cost if you are a government, but difficult for individuals to obtain. It's also radioactive, which could be a bit of an issue.
The second exception can be a actual winner: tungsten. Tungsten is vastly less costly than gold (perhaps $30 dollars a pound compared to $12,000 a pound for gold correct now). And remarkably, it has specifically exactly the same density as gold, to 3 decimal locations. The main differences are that it's the wrong color, and that it is much, much tougher than gold. (Very pure gold is very soft, you can dent it having a fingernail.)
Tags: Gold ingots for sale, Gold ingots for sale, Gold ingots
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