Chinese Firm Markets Tungsten Filled Gold Bars & Coins!

Yesterday news broke that at least 10 tungsten filled 10 oz PAMP gold bars have been discovered in Manhattan’s jewelry district.

Apparently Louis Vuitton & Coach bags aren’t the only thing being counter-fitted by the Chinese, as thanks to Microsoft translator, SD has discovered a Chinese firm SPECIALIZING IN PRODUCING TUNGSTEN FILLED GOLD BARS & COINS!!

Not only will the firm openly mint fake gold coins and bars, but they will apparently mint them to order by request!: ‘Chinatungsten could offer gold-plated tungsten alloy coin by different gold with engraving or stamping. Clients can forward their own design, then Chinatungsten could design and make mold accordingly

The firm states that the fake gold coins and bars are ‘only for gift, present, handicraft, and never could be used for any illegal purpose‘ . Yes, obviously the fake gold products could never be used fraudulently because they kindly ask their customers not to use their tungsten filled gold products illegally.

The firm explains how fake gold bars are made, and goes so far as to claim that tungsten gold has many advantages over gold, which we suppose is true for those wishing to scam others into purchasing fake gold.

Click here to discover the amazing advantages of tungsten filled gold over the Real Mccoy:

22 comments on “Chinese Firm Markets Tungsten Filled Gold Bars & Coins!
  1. Invest in an ultrasonic testing probe. The tungsten has totally different acoustic propereties, determined by Young’s Modulus, not density. An expert only need a cheap tuning fork!

  2. alan says:

    As a long term investment, I would rather have a Chinese gold coated tungstan bar in my possesion, than a piece of Wall St paper paper promising me gold.

  3. badsey says:

    I always wondered where the criminal Federal Reserve got their tungsten/gold bars from.

  4. jischinger says:

    looks like a new market is opening up for mini mri’s?
    keep your receipt

  5. jischinger says:

    seems to me they, the crooks, are taking aim at the uneducated consumer.

    dealers will have to come up with some guaranties to buy back at the price you paid or higher; depending on the market, and every bar and coin will have to have a unique mark and photo – perhaps gps tracking and computer chip.

    This stunt could put a lot of people out of business and turn gold into a monopoly like de beers.

  6. Nathan el Corochio says:

    but For a good scam how about Silver coins with colloidal silver centre. “they cant say its not Silver!” kind of like “I cant believe its not butter!”

  7. Max Power says:

    If you love “W”, this Chinese company is the cat’s meow.
    If you love “Au”, this is not good.
    If you love “Ag”, this is interesting.

    These are after all mere metals, just don’t obsess over their cost or value in other currencies … but always check for purity.

  8. Paolo says:

    “Tungsten alloy golden bullion is real, honest money and many say the best form of money the world has ever known.”
    Sales speak is an amazing thing.

  9. James Brown says:

    Posted this about 15 stories ago, but I though it was worth repeating : Boys and Girls of the SLA! Beware, there are fakes floating around on the Internet and especially eBay – just got done on a 999 fine Pan American 1 Troy Ounce Bar that looks just like the real thing and weighs exactly 31.1 grams! But the thickness is 3mm instead of 2.10mm and a neodymium magnet sticks to it instead of sliding slowly as it should on .999 fine! Arm yourself with silver, SLA, but also arm yourself with digital callipers, good jeweller’s scales and a nice little neodymium magnet and check, check and RE-CHECK! (Just discovered Sunshine Mint 1 ounce bars that seem to be fake too, watch out for 1-day listings or 1 ounce bars that come in hard plastic cases, not the official soft plastic from the mint…)

  10. Silver is still safe 🙂

  11. Peter Jennings says:

    Didn’t Clinton and his mates do something similair with 400 oz bars a while back?
    Hell, they may have used the same place.

    Nice little earner though, import the cocaine, sell it in the US and where ever (don’t suppose they are too bothered), launder proceeds through major bank, commission the fake gold bars, sell on the market.

    Question is, what happens from here on in?

  12. Michel78 says:

    Everything that could give the little guy some autonomy is under attack.

  13. ZombieDawg says:

    You bought gold from China and expected to NOT get ripped off ?
    Can we spell gullible ?

  14. Hegelian Dialectic says:

    Also ( from the shipping receipt): “Please not to use enclosed Nuclear/Chemical/Biological weapons for nefarious purposes.”

  15. Harry says:

    The first 30 seconds of: http://www.youtube.com/watch?v=T21JtlczXkI

    What do you think?

  16. Danny Cunnington says:

    What this company couldn’t do however is to fake well known coins such as the Canadian gold maple or other major bullion coins. The standards of the minting are too high and creating some for a customer would involve counterfeiting something which another company (The Canadian mint) owns all the rights too.

    Pleading with customers not to use them illegally or more precisely fraudulently will not exempt them from the law and the laws and the penalties for such things in China are often not survivable (As in the death penalty).

    The other thing is that if this company can do this then other companies can also do this. I would imagine that counterfeiters are waiting for the bull market to take off because the current buyers are mostly goldbugs who know a lot about the various products they want to buy. They would only get away with this when the bull market gets to the stage where a lot of new people are flooding into the market in the same way as happened in the 1980 bull run.

    The only fake major bullion coin I’ve seen faked (Pictured cut in half on the internet about a year ago) was an Austrian gold Philo. I don’t think you are going to see fake gold eagles or maples because of the magnet tests that can be easily done.

    If you stack silver coins it’s nothing to worry about because silver is too cheap currently to make it worth while. Also silver has a very distinct sound/chink that you only get with silver.

  17. YoLithos says:

    What are the chances their moon landing, someday, won’t be faked too? Or “studio enhanced”? Their last crewed mission landing, at least, probably was real. It’s a miracle they emerged alive, though. And it was awfully chauvinistic to say the woman-driver, er, pilot did it. A real gentleman would have, mmm, “taken the fall”, for the team.

    And I can’t remember if nano-tungsten even exists, is made, or what its “magic power” might be. On the bright side, tungsten can be used to make (non-radioactive) AP rounds. There’s a cheery side to everything.

  18. Max Power says:

    ==========
    Pleading with customers not to use them illegally or more precisely fraudulently will not exempt them from the law and the laws and the penalties for such things in China are often not survivable (As in the death penalty).
    ==========

    As long as the goods are for export (not to HK or TW) [and don’t involve any PROC coins, etc] — and as long as there is some “due diligence” then it is legal. With considerations to modern Chinese capitalism this is not unusual.

    The only slightly odd thing — what percentage of “state ownership” is there [for this corporate entity]?

    I suspect, with good reason — that there may be 5% to 10% state ownership here — as Tungsten is a strategic material.

  19. BankingThiefs says:

    SD “discovered” it? After I posted about it on Silverfuturist’s “Perth Mint on fake gold bars” YouTube video page, the day before, no doubt. ;D

  20. R. Freiherr v. Wackendonk says:

    “Burn my fingers!” Yep, I need some hot 1880 $4 stellas for the local coin club’s monthly auction.

    And to think, China’s bankers were always the most suspicious. I got me a Mexican silver dollar obliterated by “chop marks” from Chinese bankers who tested their foreign silver by hacking away at it with meat cleavers.

    I reckon we ought to do the same thing with gold coins on ebay… or Bernanke’s nose. Whichever is more effective.

  21. Thomas says:

    Upon close inspection of the photos, I am convinced the tungsten bar is NOT a hollowed out pamp, as the story claimed – but a poorly executed forgery that could never fool a seasoned buyer. Clearly, this ruse is a manufactured event intended to scare the sheeple away from sound money. Please review the photo evidence for yourself, and pass it on if you see fit.

    Tungsten Pamp vs real PAMP

Watch the latest Keiser Reports:

Buy Gold Online
Buy Gold Online