Fake Gold Hits NYC

by Admin on September 26, 2012

Apparently, as many as 10 fake gold bars-mainly made of tungsten-have been sold to unsuspecting dealers in Manhatthan’s Midtown Diamond District.

The 10-oz. gold bars are popular with Main Street investors and it is not known how many fake gold bars were sold. One gold dealer found out that four of the 3-inch-by-1-inch gold bars he bought-worth about $72,000 retail-were counterfeit.

Ibrahim Fadl, 62, who has been the owner of Express Metal Refining, a Midtown gold-refinery business, for the last 11 years, purchased the four fake bars from a well-known Russian salesman with whom he had previously done business.

Fadl became suspicious when he offered the salesman a deep discount for the investment-grade gold bars and he quickly accepted it. Fadl drilled into the bar and discovered that the majority of the makeup was tungsten.

Buying Gold in Thailand


Thailand Work Permit
Thailand does not provide a work visa that serves as both a visa granting permission to stay in the Kingdom and permission to work while staying in the Kingdom.
NGO in Thailand
A registered Association is a form of legal entity in Thailand that has members which conduct an activity continuously and collectively.

{ 0 comments… add one now }

Leave a Comment



Previous post:

Next post: