Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!
Friday, March 6, 2015
FAKE SILVER & GOLD - A Warning For All Physical Silver & Gold Collectors / Investors
It has recently come to the industry's attention that a Chinese manufacturer has produced counterfeit silver bars from a number of prestigious mints including Johnson Matthey, Engelhard, Sunshine and, unfortunately, a small number of those we mint as well.
These counterfeit bars are easy to spot if you know what you are looking for. There are several techniques to spotting a fake bar, primary of which is related to the characteristics of silver itself. Because of its density, nothing else weighing one troy ounce can have the dimensions of our bars and still be pure silver. Most likely the bar will be silver-plated (though the criminals selling them may claim they are solid silver), in which case its thickness or its other dimensions will be larger. The most common counterfeits measure a noticeably thicker .126 inches, much thicker than our genuine bars at .083 inches. Always compare your bar's measurements to the ones we publish. In March, certain corners of the Internet exploded when a one-kilo gold bar was allegedly found to have been "salted" with Tungsten, a metal with a similar weight but far less valuable.
In other words, a gold bar was filled with a much cheaper metal to defraud buyers. An ounce of gold is worth $1,766, while an ounce of Tungsten is worth about $360. ZeroHedge conspiracy theorists into a frenzy:
A gold dealer in Manhattan's Diamond District on 47th Street discovered last week that an evidently certified gold bar was in fact more than 75 percent Tungsten. Alas, with a density very close to that of gold, it has also become the material of choice for many in the business of faking gold coins or bars.What does it mean to “demonetize” silver? It means we stopped using it as our (real) “money”, and began using the banksters’ fake-money, i.e. our fraudulent (and now worthless) paper currencies.
Any regular reader or knowledgeable precious metals investor has heard on countless occasion that gold and silver have historically always served as “the canary in the coal mine” for our monetary system, in general, and the rate of depreciation of our currencies, in particular. Simply, rising gold/silver prices are an indicator that our currencies are losing their value. Rapidly rising gold/silver prices are an alarm siren that these currencies are rapidly losing value. If you have followed gold and silver market news over the past few years, it is likely you have seen various reports on fake gold and silver products. In March 2012, a 1 kilo tungsten gold bar turned up in the United Kingdom. Magnetic Test Magnetic Slide Test The Ice Test Dimensions Test Below we have a real vs. fake American silver eagle. By using the visual test, you can identify several red flags to weed out the counterfeit eagles. Having the same minted year will help with minor differences that may occur between each strike. You can see font differences alone on both the obverse and reverse should be enough to spot the fake. (Ignore the glossy and mirror finishes). The great thing about silver is that it has a certain high-pitched ring to it when struck with another metal, many people refer to this as the ping test and it works fairly well. To do this, simply place one silver coin on your fingertip and take another between your thumb and forefinger and gently tap your coin. It should produce a nice high-pitched bell ring.
The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities.
Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its value the public will have no option but to panic buy everything that isn’t nailed down in an effort to unload their diminishing purchasing power before their currency is completely worthless.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Posted by Gordon Silverstein