JAM
Well, that'll give ya a nice warm fuzzy!
Fake gold bars making it "into the system" of bonded traders' inventory? It
was bad enough when fake coins started popping up at the retail level for
collectors and small investors. But 500 gram bars trading among banks and
PM houses means that counterfeiting is penetrating the Big Leagues big time.
This could pose a serious threat to the institutions that find themselves
holding them and individuals who hold unallocated shares of gold there. It
also could affect currency values if gold markets get really nervous.
The good news is that this one was caught. Eventually. And it is possible
to detect them using expensive equipment. But this is like saying that we
have a flu shot for the latest virulent strain sweeping the world. Some
will be protected, some will suffer because they couldn't afford the shot or
the flu just got to them first.
(I'd like to know what there was about this fake that tipped off whichever
handler discovered it. Is it like the experienced bank tellers of yore who
could "sense" a counterfeit bill because it looked or felt slightly unusual
when it went through their hands?)
I don't want to start a conspiracy theory here about covert attempts to
undermine national or even world economies, so I'll just say that the James
Bond theme is stuck in my brain and the title "Tungstenfinger" keeps rolling
around in my imagination.
- mazorj the Screenwriter
The video says (in German) the a very experience worker became
suspicious, but could not explain why. He then selected a bar to test.
Ein bar, or Die bar? The former suggests there was more than one suspicious
bar. The story suggests there was only one.
Sorry, I'm not sure.
can you please tell me the way to the bar?
oops, old jazz musician's story.