field testing gold bars. Cut test showed gold but was fake.
Mission16
Posts: 1,413 ✭✭✭
Here's the story as told to me:
Fellow offers to sell gold bars, chains and a Rolex for stupid cheap. Bar is scraped with a knife and shows gold. Deal is done.
Buyer takes it to sell it and all is fake.
What method did the seller use to cut that bar and show gold?
Fellow offers to sell gold bars, chains and a Rolex for stupid cheap. Bar is scraped with a knife and shows gold. Deal is done.
Buyer takes it to sell it and all is fake.
What method did the seller use to cut that bar and show gold?
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I'm trying to get the buyer to let me examine the bar in hand but this is what I'm told
What if the cut was through the raised rim on edge of bar? Cut through rim to the flat surface of bar.
I'm trying to get the buyer to let me examine the bar in hand but this is what I'm told
One would have to cut through the plating to know it was plated. Plated items contain a core made of a material that is either lighter or heavier than gold. For an item that weighs correctly this would require the dimensions to be slightly different than those of an authentic bar. Without the aid of a precious metal verifier instrument, one would have to verify correct weight and correct dimensions.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Fellow needs better testing methods.
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Another con game is to show genuine product for testing, after which the crook puts the product in his pocket for "just a second" while he makes a phone call to get an OK to sell it from his wife or whomever, and then pull the fake(s) of the exact same product out of the same pocket and say "OK." Had a guy try this at the shop I worked at in Chicago. Of course I caught it.
Who did the test cut? The crook may have just indented an area, pushing the gold plating down without breaking through it.
Another con game is to show genuine product for testing, after which the crook puts the product in his pocket for "just a second" while he makes a phone call to get an OK to sell it from his wife or whomever, and then pull the fake(s) of the exact same product out of the same pocket and say "OK." Had a guy try this at the shop I worked at in Chicago. Of course I caught it.
Well done Cappy, you really have to be on your A game to avoid scammers in all walks of life.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Everything I was told about the transaction raised alarms with me. Buyer got stupid and greedy and ended up several grand poorer.
None of the bars show the cut. Buyer did not realize until I asked about it. So it was clearly switched.
Everything I was told about the transaction raised alarms with me. Buyer got stupid and greedy and ended up several grand poorer.
and they'll be on eBay before you know it, sadly.
Had this happen to a dealer friend I was fronting. GUy had the real maples, I checked each and every coin, but when I handed the real coins and cash to the dealer I was fronting to make the deal, they got switched. Course I was the one out the funds.