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Bron Suchecki: Fake bars -- the facts
1:55p ET Monday, March 25, 2012
Dear Friend of GATA and Gold:
In an essay headlined "Fake Bars -- The Facts," Bron Suchecki of the Perth Mint today explains why tungsten-filled and other counterfeit gold bars like the one reported the other day by ABC Bullion are probably exceedingly rare and how conscientious dealers can and do protect against them. Suchecki writes that the Perth Mint melts and recasts every non-Perth Mint bar and coin it purchases. He also calls attention to the ultrasonic testing done by GoldMoney on the gold bars it purchases.
Of course GATA's main concern about gold fakery doesn't involve tungsten-laced gold but rather oversubscribed or effectively invisible gold, but that's another issue.
Suchecki's essay is posted at the Perth Mint's Internet site here:
http://www.perthmintbullion.com/blog/blog/12-03-26/Fake_Bars_-_The_Facts...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A Rare Opportunity with Collectible Gold Coins
Whose Premiums Are Far Below Normal
Sovereign debt problems in the United States as well as Europe will worsen this year. The mainstream financial media may never report about the likely inflationary consequences of bailouts and "quantitative easing," nor are they likely ever to recommend tangible assets for financial protection. But at Swiss America Trading Corp. we believe that it is no longer a luxury to own gold and silver coins but rather a necessity.
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All inquiries will receive without charge (while supplies last) our latest book, "The Inflation Deception," as well as our newsletter "Real Money Perspectives."
-- Tim Murphy, trmurphy@swissamerica.com
-- Fred Goldstein, figoldstein@swissamerica.com
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