Fake Silver and Gold bars..

[CryptoGirl_200x]

It is said that fake Silver and Gold bars are flooding the U.S. market, this is another advantage Bitcoin has over precious metals.
With bitcoin, one never have to worry about fake cus there are no fake bitcoin, only thing we should give attention to is making sure we keep our wallet seeds or keys absolutely safe..

Some say to avoid the risk of buying into fake gold or silver, they will go for the tokenized version, and I say credit still goes to bitcoin for without bitcoin and the blockchain technology, there would never have been a thing as tokenized gold, silver etc.

And lets use this opportunity to discuss about tokenized gold and silver, isn't there any risks involved in buying and holding this over bitcoin?

https://x.com/i/status/2014629687604007387

[Xxmodded]

It is said that fake Silver and Gold bars are flooding the U.S. market, this is another advantage Bitcoin has over precious metals.
With bitcoin, one never have to worry about fake cus there are no fake bitcoin, only thing we should give attention to is making sure we keep our wallet seeds or keys absolutely safe..

Some say to avoid the risk of buying into fake gold or silver, they will go for the tokenized version, and I say credit still goes to bitcoin for without bitcoin and the blockchain technology, there would never have been a thing as tokenized gold, silver etc.

And lets use this opportunity to discuss about tokenized gold and silver, isn't there any risks involved in buying and holding this over bitcoin?

https://x.com/i/status/2014629687604007387

fake silver and gold has always been a problem and always will be a problem. if some one can profit of some thing then there will always be a fake for people to also profit of. however this does not mean Bitcoin is a safer alternatives. there are also risks with Bitcoin especially around the security of it. if you lose private keys or the recovery phrase your money is gone just like that. there is also no customer protect such as when a transaction is made that it is done there is no reversing it.
so yes fake gold and silver is a problem but that dont mean Bitcoin is safte.

[mindrust]

Nothing a sigma precious metal verifier can’t fix.

https://www.sigmametalytics.com/

If you are serious about hoarding precious metals, you need to get one of those devices. Get at least the investor model imo. The basic model is still fine but the investor model and above is a bit more advanced.

Spend a couple k’s on one of those and it will pay for itself with the first fake bar it catches.

Don’t trust, verify.™

[Silverstonez]

Before now we have been hearing about fake silvers and fake Golds and i believe most of us here have at least saw fake silvers and fake Golds with our eyes. And Believe me when I say that fake silvers and fake Golds has been existing even before some of us were Born.

So Imo, instead of buying any previous thing that is gold or silver and hold, focus on the ongoing buying of Bitcoin with an accumulating target and after you achieve that your  target you then hold for long term. and ensure to secure your wallet and private keys from online thieves and scammers by avoiding any unrealistic promises.

And frankly speaking since the creation of Bitcoin  till today I haven't heard anything like fake Bitcoin, and  I don't think we will be hearing that in the future to come. So buy Bitcoin and safe yourself some mental stress.

[lionheart78]

And lets use this opportunity to discuss about tokenized gold and silver, isn't there any risks involved in buying and holding this over bitcoin?

It is laughable to think that tokenizing gold and silver will solve the problem of fake gold and silver.  Remember, gold and silver are tangible things, even if they are tokenized it, no one is preventing people from making fake gold and silver. Since tokenized gold and silver are just a representation of gold and silver in a virtual space, and not actual gold and silver.  In the end, corrupt companies and/or scammers can still use this to sell fake gold and silver.

Comparing tokenized gold and silver to Bitcoin and thinking that they function the same is just a naive thought that even a normal person can identify the difference in terms of proving the authenticity.

[Hazink]

Is there any valuable physical asset which has not been converted? What about someone who doesn't have the money or the idea of getting a real precious asset taster that's how they will buy fake equal to the price of the original. 

Maybe anyone who wants to buy gold could just go digital if they don't know where to get a real physical one. I'm glad I'm not even a holder of gold. If not this one that's popular in the US, the ones which have gotten to my country can also be among the accumulated pieces some rich folks save at home.

[Rgram]

Nothing a sigma precious metal verifier can’t fix.

https://www.sigmametalytics.com/

If you are serious about hoarding precious metals, you need to get one of those devices. Get at least the investor model imo. The basic model is still fine but the investor model and above is a but more advanced.

Spend a couple k’s on one of those and it will pay for itself with the first fake bar it catches.

Don’t trust, verify.™

This is why it’s important to not go into an investment you know nothing about. There is so many fake products in our society today and it continues to advance as time progresses.

Knowledge of the means to verifying for fakes like the sigmametalytics for precious metals is of utmost necessity. In most cases, these devices are not as expensive as the items they are meant to verify which certainly protects you from the risk of having to make wrong investments and loss all your funds.

[Furball808]

Some say to avoid the risk of buying into fake gold or silver, they will go for the tokenized version, and I say credit still goes to bitcoin for without bitcoin and the blockchain technology, there would never have been a thing as tokenized gold, silver etc.

Some still prefer to buy physical gold and store them some even buy gold and put it in different forms so it’s not always safe to say that those will be real because not all gold in circulation are in the blockchain

[ColdLava40]

Some say to avoid the risk of buying into fake gold or silver, they will go for the tokenized version, and I say credit still goes to bitcoin for without bitcoin and the blockchain technology, there would never have been a thing as tokenized gold, silver etc.

Some people prefer gold ETFs instead. But regardless of that, people invest in gold as a safe heaven. Only a few number of really gold bars are in circulation. What we have today in the market as physical gold bars are just fake polished metals.

That's why it's better to just buy into ETFs instead. Bitcoin already conquered the problem of fake. You cannot fake a system that's truly decentralised. No double spending, 1btc is equals to 1btc.

[OcTradism]

It is said that fake Silver and Gold bars are flooding the U.S. market, this is another advantage Bitcoin has over precious metals.
With bitcoin, one never have to worry about fake cus there are no fake bitcoin, only thing we should give attention to is making sure we keep our wallet seeds or keys absolutely safe..

Some say to avoid the risk of buying into fake gold or silver, they will go for the tokenized version, and I say credit still goes to bitcoin for without bitcoin and the blockchain technology, there would never have been a thing as tokenized gold, silver etc.

And lets use this opportunity to discuss about tokenized gold and silver, isn't there any risks involved in buying and holding this over bitcoin?

https://x.com/i/status/2014629687604007387

These frauds are classic and crazy but it's good that people already have better choices like Bitcoin which is verifiable very easily on chain and with any Bitcoin wallet or Bitcoin block explorers.

bitcoins must be moved on chain and transactions are recorded on the Bitcoin blockchain forever so all confirmed transactions exist forever on Bitcoin blockchain that is very meaningful for users. They can easily verify how many bitcoins in a Bitcoin address, whether a transaction was done (confirmed) and so on.

It's oppositely than gold bars and silver bars which are super hard to verify its purity and quality. Also it needs considerable time for purity and quality assesments on gold bars and silver bars.

Bitcoin is the best option among gold bars, silver bars and Bitcoin.

CZ challenged Peter Schiff about it weeks ago.
CZ passes Peter Schiff a gold bar and asks: "Is it real?"

[CryptoYar]

Math design of Bitcoin makes sure that no one can create fakes, and all they have to do is look after their private keys, while to be sure that it is not gold plated tungsten you need to pay experts and tools.

Although storage problems are fixed through digital gold and silver, and they would not be here without blockchain tech started by Bitcoin, they are at risk to third-party risk since you have to trust company that they actually keep real metal in safe. Not only did major sellers such as Paxos and Tether report huge amounts of real gold in 2026, but this time, unlike Bitcoin, these coins can be stopped by seller or lost in case of failed company, as company had gathered more than 140 tons of gold.

So, although digital metals have help of 24/7 trading and movability, they do not have same level of freedom that Bitcoin has, as it is only item that allows checkingtotal amount of coins and owning itself without needing middleman or safe.

[Minor Miner]

Gold and silver are tangible assets, and the fact that they are counterfeited is inevitable and not a secret. But you know what? They have never lost their appeal, and the world still craves them more than any other asset.

Believe me, no matter how many example of fake gold and other comparisons between bitcoin and gold. The demand for gold will never decrease because of these unnecessary comparison

Stop comparing these two types of assets and choose the one that feels best for you. They will coexist, and both will be useful.

[Publictalk792]

Gold and silver are tangible assets, and the fact that they are counterfeited is inevitable and not a secret. But you know what? They have never lost their appeal, and the world still craves them more than any other asset.

Believe me, no matter how many example of fake gold and other comparisons between bitcoin and gold. The demand for gold will never decrease because of these unnecessary comparison

Stop comparing these two types of assets and choose the one that feels best for you. They will coexist, and both will be useful.

Their real nature has been strength given thousands of years of experience of gold and silver as real stores of value that do not depend on internet or government systems, and where chance of fakes is rarely seen. Although Bitcoin is known as digital gold due to its huge growth and easy carrying, real gold is plan of last choice in worst case situation since it has outlived all kingdoms and money failures in history of people. In modern world, this is what most successful investors choose to have as they own both Bitcoin as quick way to build up wealth and gold as insurance against wealth being printed away by central banks since both are meant to protect wealth. You do not need to make choice between them, they are strong mix of ancient trust and new tools that will let you spread your savings against rising prices.

[retreat]

This is the beauty of Bitcoin, because if it is Bitcoin you only need to verify it directly using blockchain explorer, and if it is fake then it will not appear there. This is different from gold, where you need to check its authenticity using third party services and that makes it easier for people to be cheated because most people cannot do the verification process themselves, so there is a dependency on third parties. Even though some of them issue certificates for the gold bullion they issue, in some cases it is not reliable, for example in my country there was a scandal about fake gold bullion issued by a leading gold company here, and that made many people worry about the gold they own.

[Ayers]

fake silver and gold has always been a problem and always will be a problem. if some one can profit of some thing then there will always be a fake for people to also profit of. however this does not mean Bitcoin is a safer alternatives. there are also risks with Bitcoin especially around the security of it. if you lose private keys or the recovery phrase your money is gone just like that. there is also no customer protect such as when a transaction is made that it is done there is no reversing it.
so yes fake gold and silver is a problem but that dont mean Bitcoin is safte.

The truth is that Bitcoin is superior to gold because it possesses most of gold's core characteristics while overcoming many of its limitations. Unfortunately, Bitcoin is not absolutely perfect and is not immune to risk. Bitcoin also has its own risk.

It can be said that both have their own strengths and weaknesses. Therefore, instead of putting them on a scale to compare and making biased judgments that do not benefit us. What we need to do is understand the roles of both and allocate capital flexibly to suit our goal.

[m2017]

It is said that fake Silver and Gold bars are flooding the U.S. market, this is another advantage Bitcoin has over precious metals.
With bitcoin, one never have to worry about fake cus there are no fake bitcoin, only thing we should give attention to is making sure we keep our wallet seeds or keys absolutely safe..

Well, if you successfully resell the counterfeit gold bar you were sold to the next buyer, then counterfeit bars don't pose a problem.

I've heard about counterfeit gold bars before, and if I'm not mistaken, in 2009, there was a media report about the US allegedly sending gold bars to China, and testing revealed that underneath the gold was tungsten (there should be information about this online). I don't know how true that story is, as there was no official response (would anyone comment publicly on that? ).

Fake bitcoins don't exist, true, but "dirty" ones, as they're called, do.

Some say to avoid the risk of buying into fake gold or silver, they will go for the tokenized version, and I say credit still goes to bitcoin for without bitcoin and the blockchain technology, there would never have been a thing as tokenized gold, silver etc.

Why buy tokenized gold when you can buy bitcoin?

And lets use this opportunity to discuss about tokenized gold and silver, isn't there any risks involved in buying and holding this over bitcoin?

The same risks apply to storing any digital assets, plus the risk that these assets will be devalued or blocked - the same risks associated with any centralized asset.

[Die_empty]

Is there any valuable physical asset which has not been converted? What about someone who doesn't have the money or the idea of getting a real precious asset taster that's how they will buy fake equal to the price of the original.

Maybe anyone who wants to buy gold could just go digital if they don't know where to get a real physical one. I'm glad I'm not even a holder of gold. If not this one that's popular in the US, the ones that have gotten to my country can also be among the accumulated pieces some rich folks save at home.

Anyone who wants to invest in an asset should learn how to differentiate between the fake and the original.  I would not buy gold or any precious metals if I didn't know how to identify the real one.

Buying digital gold is like investing in Bitcoin through an ETF. The risk of investing in a centralized platform is high. Gold and silver have garnered significant attention due to their price surge. However, Bitcoin remains the easiest for me to buy and hold. The risk of keeping physical gold is high because almost everyone knows that gold is expensive. A seed phrase on a piece of paper might be meaningless to some people.

[Oshosondy]

And lets use this opportunity to discuss about tokenized gold and silver, isn't there any risks involved in buying and holding this over bitcoin?

Tokenized gold like the XAUT and PAXG are not real gold but they are just tokens pegged with gold and backed by gold. The only risk about it is that it can depeg. But if I should tell you the truth, I bought it because it is easy to buy than gold but people should know about the risk. Bitcoin is better because it is the real asset and it is easy to buy and also easy to keep.

[bournekin]

It is said that fake Silver and Gold bars are flooding the U.S. market, this is another advantage Bitcoin has over precious metals.
With bitcoin, one never have to worry about fake cus there are no fake bitcoin, only thing we should give attention to is making sure we keep our wallet seeds or keys absolutely safe..

Some say to avoid the risk of buying into fake gold or silver, they will go for the tokenized version, and I say credit still goes to bitcoin for without bitcoin and the blockchain technology, there would never have been a thing as tokenized gold, silver etc.

And lets use this opportunity to discuss about tokenized gold and silver, isn't there any risks involved in buying and holding this over bitcoin?

https://x.com/i/status/2014629687604007387

You’re not wrong at all. Fake gold and silver everywhere just shows why BTC is different. With Bitcoin it’s either real on-chain or it’s nothing. no fakes and no guessing. Just secure your keys and you’re good.

Tokenized gold/silver sounds cool but you’re still trusting someone to actually hold the metal. That’s counterparty risk, regulatory risk and “sorry withdrawals are paused” risk if things go sideways.

Bitcoin cuts all that out. No vaults, no middlemen and no promises just code and math. Tokenized metals are still old system with a new wrapper.

BTC is a whole different game.