{"id":27446,"date":"2017-10-30T17:02:26","date_gmt":"2017-10-30T22:02:26","guid":{"rendered":"http:\/\/olduvai.ca\/?p=27446"},"modified":"2017-10-30T17:02:26","modified_gmt":"2017-10-30T22:02:26","slug":"this-could-be-huge-gold-bar-certified-by-royal-canadian-mint-exposed-as-fake","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=27446","title":{"rendered":"“This Could Be Huge”: Gold Bar Certified By Royal Canadian Mint Exposed As Fake"},"content":{"rendered":"

“This Could Be Huge”: Gold Bar Certified By Royal Canadian Mint Exposed As Fake<\/a><\/h3>\n
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The last time there was a widespread physical gold counterfeiting scare was in the summer of 2012 when as we reported <\/a>the discovery of a single 10 oz Tungsten-filled gold bar <\/a>in Manhattan’s jewelry district led to a panic among the dealer community, which then resulted in local jewelry outlets discovering at least ten more fake 10-ounce “gold bars” filled with Tungsten. Fast forward to today when a similar instance of gold counterfeiting has been discovered, this time in Canada, and where the fake bar in question had been “certified” by the highest possible authority.<\/p>\n

According to CBC<\/a>, the Royal Canadian Mint is investigating how a sealed, “pure gold” wafer with proper mint stampings has emerged as a fake. According to the Canadian press, the one-ounce gold piece, which was supposed to be 99.99% pure, was purchased by an Ottawa jeweller on Oct. 18 at a Royal Bank of Canada branch. The problem emerged when tests of the bar showed it may contain no gold at all.<\/strong>And, when neither the mint nor RBC would take the bar back, jeweler Samuel Tang contacted CBC news.<\/p>\n

<\/a>
\nJoy Creations owner Samuel Tang contacted CBC News when neither RBC nor the <\/em>
\nmint would take back the one-ounce gold piece he’d purchased.<\/em><\/p>\n

“Who is going to make sure those [gold wafers] are real?” asked Tang. “I am worried there are more of those [gold wafers] out there, and no one knows.”<\/p>\n

Following the news, RBC felt an obligation to pick up the bar and returned it to the mint for testing, refunding Tang the $1,680 purchase price.<\/p>\n

The Royal Canadian Mint said in a statement to CBC it is in process of testing the bar, “although the appearance of the wafer and its packaging already suggests that it is not a genuine Royal Canadian Mint product<\/strong>.”<\/p>\n

<\/a><\/em><\/p>\n<\/div>\n<\/section>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

“This Could Be Huge”: Gold Bar Certified By Royal Canadian Mint Exposed As Fake The last time there was a widespread physical gold counterfeiting scare was in the summer of 2012 when as we reported the discovery of a single 10 oz Tungsten-filled gold bar in Manhattan’s jewelry district led to a panic among the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[3544,8944,374,12329,4318],"class_list":["post-27446","post","type-post","status-publish","format-standard","hentry","category-economics","tag-cbc","tag-fake-gold","tag-gold","tag-royal-canadian-mint","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27446"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27446\/revisions"}],"predecessor-version":[{"id":27447,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27446\/revisions\/27447"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}