Beware of Thailand Gold Scam - Stuffed Gold

[k1976]

Ministry addresses rash of fake gold​

PUBLISHED : 23 Mar 2024 at 04:44
NEWSPAPER SECTION: Business
WRITER: Phusadee Arunmas

Gold ornaments are inspected at a gold shop in the Yaowarat area of Bangkok on Friday.
The Commerce Ministry is advising people to buy gold bars and gold ornaments from certified stores with visible locations following an outbreak of counterfeit metal as prices spike.

Deputy Commerce Minister Napintorn Srisunpang led officials from the Department of Internal Trade (DIT), the Gem and Jewelry Institute of Thailand (GIT) and the Office of the Consumer Protection Board (OCPB) to inspect gold shops in the Yaowarat area of Bangkok to ensure sellers abide by the law and reject fake gold as prices rise.

The price of gold ornaments reached a record high of 37,500 baht per baht-weight, prompting some online gold shops to take advantage by selling fake gold in various forms, particularly gold bars.

Referred to as "stuffed gold" in a translated Thai term, these fake gold bars are actually copper or lead gilded with a layer of real gold.
Buyers cannot determine whether a gold bar is real by looking at it with the naked eye because of the coating and the alternative metal having a similar weight.


Please credit and share this article with others using this link: https://www.bangkokpost.com/business/general/2763253/ministry-addresses-rash-of-fake-gold. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

 

[k1976]

 

[k1976]

In Thailand, tourists were warned about a new method of counterfeiting gold jewelry — this statement was published by the Thai press with reference to the Gem and Jewelry Institute of Thailand (GIT). The main problem is that it is impossible to distinguish a fake without special research, which is what the researchers are alarmed about, reports.

To counterfeit, scammers mixed stainless steel powder with gold, making it virtually indistinguishable to the naked eye. They then turn this mixture into vintage-style gold coins, making it nearly impossible for consumers to identify the counterfeits without special equipment.

Even small laboratories without the necessary tools cannot detect counterfeit gold due to the complex mixing methods used: to identify a counterfeit, you will have to either melt the coin or cut it: real gold will look uniform and shiny when cut, but if layers of different metals are visible, this probably means that other metals were mixed into it.
“Gold counterfeiting techniques are evolving to evade detection, especially as the value of gold has increased. This has prompted criminals to look for more opportunities to make a profit,” say GIT experts.

According to them, both gold shops and pawn shops are increasingly becoming victims of the sale of counterfeit gold.
GIT advises tourists who want to buy gold to choose stores that have received quality certificates from reliable agencies. These include, for example, stores that participate in the GIT-certified Buy with Confidence (BWC) program.

If in doubt, it is recommended to contact the national laboratory for testing precious stones and jewelry; it has modern equipment that allows you to clearly distinguish real gold from fake gold without damaging the product.

 

[k1976]

Gold forgery alert: Thailand’s GIT cautions against new technique​

Nattapong WestwoodPublished: 14:51, 06 November 2023| Updated: 14:51, 06 November 2023
2 minutes read

Photo: KhaoSod

A warning about a new method of gold forgery was issued by the Gem and Jewelry Institute of Thailand (GIT). Fraudsters have been found to mix stainless steel powder with gold, making it nearly indistinguishable to the naked eye.

Advanced equipment is required for detection, according to Sumeet Prasongpongchai, the director of GIT.

The fraudsters have been known to craft the mixture into vintage-style gold pieces, making it nearly impossible for buyers to identify the fakes without specialised equipment.

Regular checks and smaller laboratories without the necessary tools fail to detect counterfeit gold due to the sophisticated blending techniques employed.

Sumeet explained that to verify the authenticity of the gold, one would have to melt it down to separate its chemical elements or cut the gold piece to check its consistency. Genuine gold will appear homogenous and shiny when cut, but if layers of different metals are visible, other metals have certainly been mixed in.

Gold forgery methods have been evolving to circumvent detection, especially as the value of gold has risen, currently exceeding 34,000 baht per baht weight, which has led criminals to seek more profit opportunities.

 

[k1976]

 

[GOD IS MY DOG]

inside got no chocolate meh ?

 

[k1976]

inside got no chocolate meh ?

DEpend where u dig lah, Boss

 

[Sustanon]

DEpend where u dig lah, Boss

View attachment 203952

Doesn't matter about the digging part..... I am more interested in the CB got puck, puck, puck sound with alot of juice or not.....