MORE fake gold bars found in NYCSubmitted by jg10289 on Mon, 09/24/2012 - 10:54
After last week's discovery of a tungsten bar, several dealers in Manhattan's jewelry district have discovered that they, too, own gold-plated tungsten.
It's interesting to think about what the ramifications of this will be for the various "gold" assets (coins, bars, paper) in the near- and long-term. I think if tungsten discovery were to become rampant, the price of gold would immediately collapse on the exchanges. The real question will be whether coin dealers will sell at a premium to collapsed spot in-line with current prices. I certainly wouldn't part with my coins (or other bullion that is small enough to rule out tungsten guts).