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. Last Updated: 07/27/2016

New Forgery-Proof Ingot

HONG KONG -- The Union Bank of Switzerland, or UBS, unveiled on Thursday what it said was the world's first forgery- and counterfeit-proof gold ingot, the UBS "kinebar."

"The bars represent one of the first breakthrough innovations in gold minting of the century," a UBS spokesman said.

The UBS kinebar is an ingot stamped with a mark called a "kinegram," a computer-generated microscopic series of etchings by light rays that produces a flashing, multi-colored image similar to the holograms on credit cards.

The patent-holder is convinced the technology can beat even the most skilled forger, who often covers base metal with a patina of gold and stamps on the resulting "ingot" the logo of a respected bank or government agency.

The UBS kinebars of 999.9 gold carrying a kinegram image of the UBS logo will be sold in Hong Kong and Taiwan.