Elvatech’s Post

How a mysterious gold bar forgery cost a company billions: the true story of a counterfeit🔎 It was one of those cases that even the most experienced experts couldn't believe. In 2017, one of the largest companies in the precious metals market, Metalor Technologies, faced an incredible situation. Several suppliers delivered gold bars that, as it later turned out, were... not gold at all. At first, no one noticed the switch. The bars looked perfect: smooth, shiny, with the necessary paperwork. However, when specialists began their checks, the results shocked everyone. Instead of pure gold, the bars contained... mostly copper and silver! The problem was that the forgery was so well done that it couldn’t be detected in standard checks. The cost of the mistake: billions in losses. Given the volume of trade and reputational risks, the company suffered immense losses.📉  But what if the story had played out differently? What if the company had used non-destructive analysis methods that could have detected the forgery early on? 💡 What if XRF was on guard? If Metalor Technologies had used an XRF analyzer, like our portable ProSpector3, they wouldn’t have spent so long unraveling this mystery. The entire forgery would have been detected in minutes - without damaging the bars and with maximum precision. No surprises. No fakes. Just verified information🔬  Be confident in the quality and authenticity of everything you handle - whether it's precious metals or any other material. With our technology, you can always stay one step ahead of counterfeiters💪