How could this have happened? It turns out that this gold scandal originated from a gold dealer in Wuhan, China. More than 83 tons of counterfeit gold were deposited by this gold dealer at over a dozen Chinese financial institutions as collateral. Read this article for more information on the scandal.
The counterfeit gold bars could have been uncovered with minimal effort and costs: Using electrical conductivity, the SIGMASCOPE® GOLD B handheld device immediately identifies whether the golden glow is deceptive. Simply scan the surface with the instrument’s probe, and the device will display measured values which indicate whether the material has the conductivity expected of gold or otherwise. This is the simplest and most effective way of non-destructively authenticating gold bars – even through packaging.
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