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/biz/ - Business & Finance

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18545106 No.18545106 [Reply] [Original]

>buy gold from bank
>bank gives you fake gold

LOL and what’s to stop so called “reputable” dealers from doing the same thing? They know their clients are dumb af since they don’t directly buy from mints or refiners. Gold coins and bars are easily faked and you need to either cut it to see if it’s real or use a $25k spectrometer laser gun to check if it’s legit. They know you can’t afford that shit or dare to cut into your gold pieces so they sell you fakes! Congrats you retards have fake gold.

>> No.18545166

>>18545106
>have money to buy gold
>buy canadian gold
>buy canadian anything
>ever
that's like going into a fine italian restaurant and asking to eat shit

>> No.18545177

>>18545166
>buying gold in the first place
Most gold in circulation are fakes

>> No.18545183

>>18545106
lmao

>> No.18545200

>>18545177
>Most gold in circulation are fakes
[citation needed]

>> No.18545209

>>18545200
China

>> No.18545222
File: 707 KB, 1242x1921, 23659CF0-3253-4FB6-AEF6-042F48092046.jpg [View same] [iqdb] [saucenao] [google]
18545222

>>18545200
LOL

>> No.18545233

>Mint investigating

kek. did they ever reach a conclusion?

>> No.18545244

>>18545200

Gold-plated tungsten my dude, google is your friend

China has been fucking the precious metals market

>> No.18545263

>>18545233
No, guy got his money back but it’s clear that getting your gold not from a Mint or refiner directly is almost always fake.

>> No.18545269
File: 40 KB, 400x386, 1563995459748.jpg [View same] [iqdb] [saucenao] [google]
18545269

>>18545166
>that's like going into a fine italian restaurant and asking to eat shit

>> No.18545303

>>18545244
come on, if buying canadian gold is like going into a fine italian restaurant and asking to eat shit, buying chinese gold is asking the servant to add rats plus the fluid on the bottom of their trash dumpster

>> No.18545369
File: 52 KB, 587x587, 1586747274041.jpg [View same] [iqdb] [saucenao] [google]
18545369

The gold haters are really coming out of the woodworks.

Ya'll sweatin?

>> No.18545382

>>18545244
>Gold-plated tungsten
tungsten doesn't exactly have golds specific weight but you can add a heavier metal to the mix like osmium which is still a lot cheaper than gold and you only need very little.

>> No.18545407

>>18545200

He pulled that out of his ass, but I'll bet the majority of Boomers unknowingly have fake hold

>> No.18545416

>>18545303

That's the hilarious part. Nobody is entirely sure exactly how much of the bullion on the market is real, and how much is plated tungsten while the real stuff is secretly sitting in a Beijing vault

>>18545382

It's just staggering to think what you could do if you were, say, the state bank of a deeply dishonest government

>> No.18545418

>>18545407
it's funny because specific speed of sound tests are cheap and widely available at metal traders.
there is no way to spoof them with current technology and in the rough dimensions of a genuine gold piece.

>> No.18545437

>>18545407
Yes most gold in circulation is fake if fake gold is going for a few bucks lol>>18545222

How much you reckon the seller has of fake double eagles? I bet a few million. And even grading companies get duped lol

>> No.18545444

>>18545416
i think it's more likely the bank got that deposited by a person who unknowingly bought a fake.
they should check that shit out properly but thick gold plating is not caught by x-ray which only penetrates a few microns into gold and like i said specific weight tests are easily fooled with composite inserts.
ultrasound tests however can not be fooled.

>> No.18545452
File: 733 KB, 966x1110, gold leaf.png [View same] [iqdb] [saucenao] [google]
18545452

>> No.18545456

>>18545418
Ping tests arent conclusive! Even fake gold krugerrands can pass them. And ping tests only real are useful for gold krugers or junk silver.

>> No.18545460

>>18545437
the chink copies do not have the fine details of areal mint nor do they have the modern security features like laser etched holographic marks.

which is why i always found that buying old used looking coins the most idiotic thing ever. buy the latest bullion. chink fakes will lag behind many years always.

>> No.18545479

>>18545456
not ping tests no ultrasound specific speed of sound tests. and they detect inserts not metal composition metal composition can be accurate read by ir or xrf down to which mint made the gold in which year.

>> No.18545486

>>18545106
>2017
>wafer
Wow its nothing

>> No.18545489

>>18545460
Hahah are you for real? The chinks have already flooded the market with the laser etched privy mark Maple Leaf Coins and have copied the counterfeit radial lines very good. I’d guarantee you that fake chink Gold Coins get perfect grades at grading companies then the legit ones. Heck most grading companies unknowingly grade fake coins. LOL

>> No.18545507

>>18545407
>>18545416
you're not gonna tell me that if you order your gold from the fucking National Mint of Austria they're gonna give you gold plated tungsten inside a certificate airtight case. To me this just sounds like fudding

>> No.18545516

>>18545456
https://www.youtube.com/watch?v=rh0Mcagio5Q
the newer devices are simpler and cheaper they basically give you a very accurate thickness value for the gold. if the thickness they give doesn't match the pieces it's a forgery. that simple. also inserts are reflective medium barriers. they always give you much less depth than a solid gold piece.

>> No.18545521
File: 345 KB, 657x1078, Andrew Jackson had a poster where he literally hanged an indian and a jew.jpg [View same] [iqdb] [saucenao] [google]
18545521

>>18545479
Anon, he's literally FUD-posting. If Jesus himself started posting in this thread to tell him exactly how he was wrong he wouldn't care. Because he's not trying to be right, or to have the best information. He is here to muddy the waters and make people hesitate to buy PMs. There are 5 such threads up last time I looked.

>> No.18545525

>>18545479
Those machines cost $25k + and the more expensive literal giant printer tier machines are over $200k. The average retard on biz buys from eBay or “reputable” dealers like apmex even though such dealers can easily throw in a fake to your order and you’d be known the wiser.

>> No.18545533
File: 163 KB, 974x380, fud.jpg [View same] [iqdb] [saucenao] [google]
18545533

>> No.18545537

>>18545489
>The chinks have already flooded the market with the laser etched privy mark Maple Leaf Coins and have copied the counterfeit radial lines very good.
nope at least the last time i was on the market for gold they were not even close to that precision. i honestly don't know what they are up to recently but from the previous trends i strongly doubt they can make real good fakes of recent bullion.

>> No.18545541

>>18545507
There are 5 threads up going full FUD on PMs. They are getting antsy about people buying whats left over the weekend.

>> No.18545544

>>18545444
>i think it's more likely the bank got that deposited by a person who unknowingly bought a fake.

I'm less concerned about Johnny Boomer and a fake Krugerrand and more about China buying bullion, vaulting it, and spitting god knows how many thousand tons of plated bullshit out into the market knowing full well nobody will ever check it.

https://www.forbes.com/sites/timworstall/2012/03/26/the-drilled-gold-bars-filled-with-tungsten/#3345c57b4e13

>> No.18545545

>>18545521
same fag that posts about mining gold off asteroids and the moon

>> No.18545549
File: 13 KB, 220x229, big nose 189.jpg [View same] [iqdb] [saucenao] [google]
18545549

>>18545541
I wonder who could be doing this

>> No.18545553

>>18545525
there are cheaper ones widely available for metal traders now. the point is it's scientifically impossible to fool ultrasound tests. it's possible to fool every other test but not that. and probably you can't fool mri either but that's prohibitively expensive and possibly dangerous.

>> No.18545558
File: 947 KB, 981x1476, 173 Martirio di San.jpg [View same] [iqdb] [saucenao] [google]
18545558

>>18545525

>> No.18545559

>>18545507
Yes you can buy directly from mints or refiners. That’s what smart people not retards that buy from eBay or (((reputable))) dealers since they know you don’t have the $25k spectrometer to test your gold.

>> No.18545573

>>18545544
i really don't give a fuck about buying gold i'm all about selling gold now. i bought in 2013 i'm unloading now.

>> No.18545578

>>18545222
Honestly these might be a good buy for the apocalypse. You could scam so many autists with them

>> No.18545581

>>18545507
>you're not gonna tell me that if you order your gold from the fucking National Mint of Austria they're gonna give you gold plated tungsten inside a certificate airtight case. To me this just sounds like fudding

I don't think that at all. I'm more worried about what's going to happen to the spot price of gold once it turns out, as I suspect, that Winnie's been swapping out gold for tungsten on a national-reserve scale

>> No.18545592
File: 1.35 MB, 1920x1080, PM FUD.png [View same] [iqdb] [saucenao] [google]
18545592

>>18545541

>> No.18545601

>>18545553
i mean just imagine putting a cheap silver fake with steel insert into an mri... jesus fucking christ.

>> No.18545602

>>18545553
What cheaper ones are you referring to? The ones that cost $1k are garbage and give false positive all the time. Theirs a site where I guy tested a literal ingot of copper and it checked out as pure .9999 silver lol

>> No.18545628

>>18545525
https://sdbullion.com/gold-and-silver-purity-testing-scanner-sigma-metalytics

>> No.18545629

>>18545602
i don't know what kind of garbage you are talking about the good tests simply tell you the depth in gold or silver. it the reading is not accurate to the pieces specification publicly available and known by heart by every merchant it's a fake.

>> No.18545639

>>18545573
how hard is it to sell? where do you find b uyers, is the price good, what's the general process and how long does it take?
the selling part always seemed like a pain to me compared to bitcoin. if i ever bought gold maybe i'd just hoard it and not sell.

>> No.18545649

>>18545629
https://www.youtube.com/watch?v=tVjRSye8z-c

>> No.18545667

>>18545592
yeah I noticed this with the asteroid threads lmao. Imagine thinking that's not the most retarded idea ever

>>18545581
yeah I hope it goes up desu senpai

>> No.18545671
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18545671

>>18545537
Oh really?

>> No.18545677

>>18545639
>how hard is it to sell?
very hard nobody wants to buy at these prices altho they are all sold out. they give bullshit excuses like the virus dealers say only buy very large amounts or none.

>> No.18545689

>>18545628
Sigma testers are total garbage and give false positives >>18545602

>>18545629
These ones>>18545628

>> No.18545696

>>18545671
i can tell from the pic that holographic leaf mark is not right. i got a few silver maples. i know how they are detailed. you won't fool metal dealers visual exam with that but i admit that looks laser etched.

>> No.18545708

>>18545689
those ones that are telling you metal composite use xrf or ir. not reliable as simple plating or drilled inserting fools them.

>> No.18545729

>>18545696
Actually it’s perfect, it’s a near perfect copy from China. Gold Eagles and other Coins are even more easily faked to perfection.

>> No.18545737

>>18545708
they can be used to determine if the impurities and the general purity match a specific mint tho... some forgeries can fuck that up.

>> No.18545739

>>18545106
buy canadian go bankruptian

>> No.18545751

>>18545729
not by the looks of it
but if the chinks got that good then ultrasound testing has to be the standard everywhere. you can get your coins checked by at local dealers usually. it's non invasive.

>> No.18545786

>>18545751
I doubt the small stores have them and the big dealers sell real and fake shit (mostly fake) because it doesn’t matter to them since they can get away with it.

>> No.18545787

>>18545106
Gold is shit
Peter Schiff is an absolute ass

>> No.18545795

>>18545729
for example look at those 9-s they are totally wrong

>> No.18545810

>>18545787
He’s a Jew. Jews want you to waste your money on garbage like stocks, Gold, Silver, crypto. Hold cash, hoard cash. If shit it’s the fan then get guns, bullets, and canned food.

>> No.18545816

Grading Gold
Concerns over the authenticity of gold led the Egyptians to devise a method to determine the purity of gold around 1500 BCE (or earlier). This method is called fire assaying and involves taking a small sample of the material under test and firing it in a small crucible with a quantity of lead.

>> No.18545822

>>18545671

That is not bad at all! Where to cop a few, I want to create social media jelly

>> No.18545827

>>18545739
same shit fag

>> No.18545834

>>18545822
Ali baba

>> No.18545845

>>18545834

Ty Anon

>> No.18545858

>>18545106
This is what you get when you buy chinese made goods.

>> No.18545875

>>18545858
worst thing is all the metal checking equipment is also made in china

>> No.18545881

>>18545166
Fucking kek

>> No.18545905

>>18545875
Wait, canada also makes metal checking equipment?

>> No.18545930
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18545930

>>18545166

>> No.18545933

>>18545382
Tungsten is 19.25g/cm3 and gold is 19.3g/cm3. Without a very specific scale or a conductivity test you could pass them off to normies. The gold coating would beat a scratch test too.

This is why I don't fuck with PM's.

>> No.18545999

>>18545933
Dont buy shit at ebay then. Or chinadia either apparently. Buy from a reputable source like a first world country mint.

>> No.18546024

>>18545999
>Pay premium for the real stuff
>While the market is flooded with fakes dragging the value of my gold down by default

I'm good.

>> No.18546038

>>18545999
>Buy from a reputable source like a first world country mint.

The problem is a significant percentage of the "gold" on the market might be Chinese fakes, and what that's going to do to the price of all PMs

>> No.18546051

>>18545999
Before it was reputable dealers but now it’s just the mints? Most of you guys don’t buy from mints or refiners.

>> No.18546058

>>18545834

Bah, I can't find those ones. Any specific keywords you remember using?

>> No.18546080

>>18546051
There are plenty of reputable dealers but I won't be shilling them here.

>> No.18546138

>>18546038
You get it. In addition to harming prices it would paralyze resale meaning people would be stuck bagholding.

>> No.18546157

>>18546138
Imagine falling for this weak fud

>> No.18546190

>>18546157
There is no reason to doubt a shitload of fake gold is floating around.

>> No.18546193

>>18546080
They’re all selling fakes unless they’re mints or refiners.

>> No.18546429
File: 1.49 MB, 395x298, hildawg.gif [View same] [iqdb] [saucenao] [google]
18546429

>>18546193
>tfw can't find those holographic Canadian 1ozs

>> No.18547099

What's the best way to test your own gold coins?