Most banks will not comment, but many are finding these fraudulently mark bars in their vaults. Fraudulently stamped bars, stamped with well know Swiss refinery logos has been found in the vaults of JP Morgan Chase & Company according to senior executives of the industry.
It is important to note that these bars are real gold, not fake bars that is blocks of cheaper metal coated in gold that can easily be detected. These kinds of fake gold is known to most of us. These bars are however of a very good quality and hard to detect, even so it is known that at least 1,000 of the fake “kilobars” have been found in recent times. Here we must read carefully! “kilobars” and not “Karatbars” that are highly reputable and very uniquely marked.
When you are buying gold for a better future to make sure it is safe and include Gold from a reputable source.
Have a look at the CashGold Security
You can also have a look at this Video from Harold Seiz
It is unclear where these bars are made. We know that they are made from illegally mined gold. In South Africa we have the illegal miners called Zama Zamas and they are part of very well organized criminal syndicates. I am sure some of that gold finds its way to the people making these fake stamped gold bars. Countries like Venezuela and North Korea are probably also involved. Once accepted by mainstream gold dealers these gold bars are quickly spread into supply chains all over the world.
These fraudulently stamped “kilobars” is then used in money laundering. Of course the main gold exchanges deny any knowledge of these fake bars. Keep in mind that these bars are in a very handy format making it easy to circulate, different from the 12,5 kilo bars normally stored by central banks. This make it possible for them to be easy distributed throughout the world, where ever the criminals need money to be laundered. So it really is good that with Karatbars and CashGold you can have peace of mind that they are properly protected and marked.
To quote Moneyweb:
For recipients, the pirated bars pose a compliance threat: Anyone who holds such metal – including jewelers, banks and electronics firms – risks inadvertently violating global rules designed to keep metal of unknown or criminal origin out of circulation. The rules aim to staunch gold supplies that fund conflict, terrorism or organised crime, damage the environment or undermine national governments.Because the people making these bars do not always have the right testing facilities the purity of these bars are not always up to the common standard of “four nines” as it is known in the industry and may vary to 99.98% or even 99.90%. But with the levels becoming very good indeed are only slightly less pure but it is still hard to tell the difference.
Like Kratbars refineries are implementing new security features and Harold Seiz is on the forefront with features on them that are like the features on normal banknotes making forgeries impossible.
With Karatbars you have complete peace of mind. Insuring your future has never been this easy. Buy a little every month and by the time you retire you will have a nice little “Gold Cache”
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