In the past few days, CZ (Zhao Changpeng) and the well-known "Gold Father" veteran investor Peter Schiff held a grand debate on Bitcoin and gold.
During the debate, CZ produced a 1-kilogram gold bar engraved with the words "Kyrgyzstan, 1000 grams, pure gold 999.9" (valued at approximately $130,000) and handed it directly to Peter Schiff to determine the authenticity of the gold.
As a staunch gold advocate and the industry-recognized "Gold Father", Peter Schiff carefully examined it but admitted he couldn't confirm its authenticity, also mentioning that the color looked a bit off, suggesting it needed to be professionally tested to make a determination. During this time, he jokingly asked if he could keep the gold bar as a gift for himself.
In fact, there is indeed a type of gold that is difficult to distinguish by the naked eye, known as Bengali red gold, which only requires 87% brass, 8% zinc, 4% aluminum, and 1% tin, burned at 1110 degrees, mixed together, and after 15 minutes of cooking, cooled in water to complete the process. In terms of appearance, color, and weight, it is almost indistinguishable from gold, and once made into jewelry, even professionals find it difficult to tell the real from the fake, relying only on instruments like spectroscopy for detection, making it a "phantom of gold", where authenticity is hard to distinguish and the market carries very high implicit risks.
