ap8889 wrote:Given I can go online and buy tungsten cored bullion readily over the internet
I must admit this was news to me, but it's quite correct.
I was surprised to see this fake US Gold Eagle openly for sale by a (surprise, surprise) Chinese manufacturer -
https://www.alibaba.com/product-detail/ ... 16957.htmlThe description states the `usage' as `Promotional/ gifts/ activities/ decoration etc.' Yeah, right. So how come it's priced at $150 - $500, when the tungsten itself is worth no more than a dollar or so, and the gold plating might add another $20 at most? It seems a rather large mark up. And why is the price so variable? Surely it can't have any link to the price of the real thing?
And why are they so keen to show that it has exactly the same dimensions, and most importantly, the same weight as a genuine gold US Gold Eagle? Surely that might tempt some rascally folk to buy one and then try to pass it off as pure gold ? Or am I just being too cynical!
I really don't understand why the US Government allows this to happen. I appreciate that for every scumbag Chinese operator you close 5 more will spring up, but I'd have thought that the US Government could attack the means of transmitting payment, such as Western Union, by applying sanctions to them if they facilitate this type of transaction.