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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:
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.
At the moment the public is showing little interest in Double Eagle U.S. $20 gold coins, so the price premiums above the intrinsic melt values (.9675 ounce of gold in each coin) are historically low. The ratio of price to bullion content for these coins has been 2:1 but today it is only about 1.25:1.
This is a real opportunity. So give us a call or e-mail and we will be glad to discuss the potential of these coins and how to use a ratio strategy to increase your gold ounces without money out of pocket.
In the January edition of his Early Warning Report, Richard Maybury writes: "As they are inherently in very limited supply, I believe that high-quality numismatics will become tulips, eventually rising a thousand percent or more in real terms, when money velocity goes into mid-second stage. In late stage, who knows -- 2,000 percent? 3,000?"
All inquiries will receive without charge (while supplies last) our latest book, "The Inflation Deception," as well as our newsletter "Real Money Perspectives."
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-- Fred Goldstein, firstname.lastname@example.org
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