Fabricated gold definition
Fabricated gold means processed refined, or otherwise treated by heating or manufactured gold in any form (other or by a chemical or electrical process. than gold coin or scrap gold) which: (12) “ Hold” , when used with refer (a) Has a gold content the value o f ence to gold includes actual or construc which does not exceed 90 percent of the tive possession of or the retention of any total domestic value of such processed interest, legal or equitable, in such gold, or manufactured gold; and and includes, but not by way of lim ita (b ) Has, in good faith, and not for tion, acts of agency with respect thereto