Are Tungsten-filled Gold bars good or bad for the Gold Market?
Although the immediate effect may be the next trigger for the bullion banks’ drive down of the precious metals’ prices in the upcoming end of the month sell-off, the long-term effect may be quite positive for the real precious metals market, since investors may begin to realize that the amount of real metals are likely to be significantly smaller than reported.
The value of GLD and SLV may also begin to be questioned by even the mainstream media.
The winners may be the dealers of small denominated gold coins and rounds, such as the Canadian Maple leaf and Perth Mint rounds, since these coins are probably too small to make a profit counterfeiting.
Adding conspiracy to the mix, wouldn’t it be profitable for the big bullion banks to loan out real gold to quality counterfeiters and then replacing the fake bars back in storage, the additional gold would then be helpful to support their short position in manipulating the markets. For those who believe that banks would not risk doing something this illegal, remember MF Global.
Next week may be a good time to load up on small denominated gold rounds.
Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattanhttp://www.zerohedge.com/news/2012-09-23/gold-counterfeiting-goes-viral-10-tungsten-filled-gold-bars-are-discovered-manhattan