Author Topic: Gold bar.. Is it genuine? Thanks  (Read 12106 times)

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Offline coolfun125

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Re: Gold bar.. Is it genuine? Thanks
« Reply #15 on: April 25, 2016, 07:53:03 PM »

This bar is 39 kg and has a computed density of 14.44 (39,000 gms/2700 cu.cm ). 
Is this real or fake ?
Your two cents please and why.

Offline LowsyTHunter

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Re: Gold bar.. Is it genuine? Thanks
« Reply #16 on: May 03, 2016, 03:43:14 AM »

This bar is 39 kg and has a computed density of 14.44 (39,000 gms/2700 cu.cm ). 
Is this real or fake ?
Your two cents please and why.

Cut a small piece, go to any pawnshop and have it tested.  Diskartehan mo na old jewelry yan. You'll know then...
give more, expect less, live simple...

Offline coolfun125

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Re: Gold bar.. Is it genuine? Thanks
« Reply #17 on: May 11, 2016, 11:34:47 PM »
The bar looked suspicious to us because of it's external appearance, especially the bottom part, so we rejected to broker it.  We suggested that we cut a portion and have it assayed first but the holder refused for us to mess up with it, lest we were willing to pay for the whole bar.  The density we computed based on dimensions and weight was quite high so it can not just be a plated bar but had real gold in it.
 
The holder eventually sold it to a buyer who assayed it and paid for it in cash. It turned to be 17.9 carats. Darn did we miss our chance to be part of the deal. :( :( :(.

Lesson learned, while looks can deceive you, you can't easily fake the density. We should have taken the risk - Audentes fortuna juvat.