A circulated fake gold bar in Canada could be the sign of growing sophistication within the counterfeit industry, according to one industry expert.

In an exclusive interview with Kitco News, Beth Deisher, director of an anti-counterfeiting taskforce that is part of the Industry Council for Tangible Assets (ICTA), said she has seen a lot of fake bullion but the fake bar in phony Royal Canadian Mint packaging found this week represents a new dimension in the marketplace.

“We have seen fake packaging of other mint products so it’s not surprising that it has happened with the Canadian mint,” she said. “The Royal Canadian Mint has been in the vanguard of introducing and implementing anti-counterfeiting deterrents in their packaging and in their bars.”

As to how big counterfeiting is, Deisher said that it is a “massive” problem as the sector is being bombarded with fakes coming out of countries like China. Recently, she said that her taskforce helped to identify and stop a major shipment of counterfeit bullion at the U.S. board.

Read more at Kitco News.

Member Login

All information presented on FakeBullion.com is for entertainment purposes only.  FakeBullion.com LLC assumes absolutely no liability for the use of any content of the FakeBullion.com website or any information generated by FakeBullion.com LLC and distributed elsewhere and does not guarantee accuracy.  Donations, advertising, or any other payments do not grant insurance or recourse of any kind.  All brand names and designs remain trademarks of their respective owners.  All original information, graphics, and photographs are copyrighted and may not be redistributed (including but not limited to: other websites, forums, print media, broadcast media, etc.) without express written permission from FakeBullion.com LLC.  FakeBullion.com LLC makes no guarantees about advertisers and is not responsible for any third party transactions. 

Click here for the full site Terms and Conditions.