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Wednesday, September 19, 2012

10 oz Gold Bar Fraud

http://www.zerohedge.com/news/tungsten-filled-10-oz-gold-bar-found-middle-manhattans-jewelry-district

This story reinforces why one must buy from a reputable dealer.  The only problem in this case was that it was a legitimate bar, it just was altered.  This might further increase the demand for small coins or just smaller bars (ie. 1 oz, etc.) since it would be a little harder to manipulate them based on weight alone.

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