In the outstanding bars of the insolvent gold merchant PIM Gold do not always have the specified weight, as the “Handelsblatt” reported on Friday. Together with a gold dealer who wants to be anonymous, remain, let go of the sheet according to information from some of the bars weigh. Several bars had been easier than on the packaging has been specified.
As was said by the dealer to the “Handelsblatt”, are the cases in the case of products of PIM Gold no single. Another large German gold trader confirmed the sheet as well, that for the purchase of the offered ingots of PIM would have struck Gold more often due to her light weight. Gold in Euro 1.515,77 EUR +14,54 (+0,97%), except over-the-counter To the course data
The ‘Cheat’ when weight is an absolute taboo in the business with the particular value in terms of precious metal. If, then, bullion is likely to weigh any more than stated. In the case of the weighted bars, but a Ten-have, for example,-gram bars only weighed to 9.98 grams, so the “Handelsblatt”.
customers demand 160 million euros
For the customer of the gold dealer, which is another setback. PIM Gold not only sells Gold, but also the storage of the bullion offered, with a kind of interest in the amount of three to six percent annually, which would be financed by the Recycling of old gold.
But the majority of the supposedly stored gold, each track is missing, as the authorities and the insolvency administrator said. Bruised customer demand, a total of 160 million euros and are expected to remain on a majority of the losses are sitting. Against the former chief Mesut P. and six other persons, the authorities determined in accordance with the bankruptcy last September because of band even fraud.
supplier rejects accusations of
Whether behind the light bars, which were actually delivered by PIM Gold, as the fraudulent intentions are stuck, however, is open, such as the “Handelsblatt,” citing the Fragold-precious metal experts Wolfgang Wrzesniok wrote. According to Wrzesniok it would not be worth it in the weight divisions, than risk his reputation.
The expert said that there are qualitative deficiencies in the suppliers Nadir metal Refinery in Istanbul. Nadir Metals expressed to the “Handelsblatt” and dismissed the allegations decided. “It is not possible that a Nadir Metal product that is produced is too easy and the article specified Standards contradict,” said the manufacturer of the sheet.
According to the “Handelsblatt” is the Nadir Metals, the largest Gold refinery of Turkey. No other gold processors in the country is also an accredited supplier to the London Bullion Market Association (LBMA). As such, Nadir Metals also manufactures larger bullion bars for wholesale in the London commodity exchange. But whether PIM Gold or Nadir Metals is for the lighter bars responsible – supplying investors do not have anyway to get the amount of Gold that was promised to you.
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