FLASH: MORE FAKE GOLD
FLASH: More fake tungsten-filled gold bars have shown up, this time in Manhattan, and judging from the sophistication exhibitted by the counterfeits, this is serious (my thanks to Mr. P.T. for sharing this with me):
Fake Gold Bars Turn Up in Manhattan
There are possibilities here:
- The operation is small, unconnected to anything larger, and nothing to be concerned about;
- The operation is connected to the banksters themselves, and is conceived as being a means to keep the price of gold artificially suppressed while they run their printing presses (not, in my view, a very plausible scenario);
- The amount of gold actually in existence is badly and deliberately obfuscated, and this is someone's way of sending a message to TPTB...
And on and on we could go... but if this trend continues, and indeed, if it becomes a large trend... then make sure you know what's inside your gold, for the article really points out what thereal problem is in today's financial world: "reputable dealers," in a world where the major banks are themselves part of fraud like LIBOR and the derivatives, what does "reputable" mean?
See you on the flip side...
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I just calculated that in round numbers there’s a 7% difference between the weight of tungsten and gold. In a bogus coin I’m guessing that might be more like a 5% difference given that the outer layer is still gold were the majority of a one ounce coin be comprised of tungsten. Seems like a scale with a sensitivity of 1/100 of a gram and a micrometer would be able to ascertain whether a prospective buyer was getting the real thing especially is one were buying several coins at a time.
The following is from an email I received from Wealth Daily authored by a investment guru named Christian DeHaemer. Note that in the part I omitted it did make a mention of the aforesaid 10 ounce bars and then also what follows:
“The Secret Service is now investigating this latest counterfeiting.
But this isn’t the first time this has happened…
In March, gold bars filled with tungsten showed up in England, Australia, and Hong Kong.
It has even been rumored that some of the 200 metric ton gold sold to India from the IMF contained tungsten.
Of course, no one is talking.
In the short run, this will mean your ability to buy gold bars will be slowed as New York gold merchants figure out how to regain credibility (or until the whole matter is swept under the rug).
The source of these fake gold bars is a criminal Chinese gang that produced them during the Clinton years.
The story goes that between 5,600 and 5,700 400oz bars — 60 metric tons — were counterfeited by a sophisticated criminal organization…
The Chinese arrested many of the perpetrators shortly after the scam was uncovered, but not before a sizable amount of the gold bars were sold…
It’s thought that more than 1.5 million 400oz tungsten blanks were manufactured in the United States. Of those manufactured, some 640,000 bars received gold plating and were shipped Ft. Knox, where they remain to this day. This was the impetus for Ron Paul’s call to edit Fort Knox.
The remaining bars were gold plated and sold on the international market, where they show up from time to time in cities around the world.
This begs the question about the gold resting five stories below the Federal Reserve Bank of New York…
Could the planet’s largest gold vault — containing 25% of the world’s gold — be counterfeit?
Of course it couldn’t… but don’t hold your breath waiting for clarity.”
Read this just yesterday.
The whole system is based on fraud. It isn’t surprising that something like this happens. This was just one that was caught AND recieved some ink.
All 3 possiblities are probably happening; plus some other scenarios.
I suggest always biting the gold to see if it tastes like tungsten.
The gold will come in handy when the Israeli commissar is ordering his Blackwater mercenaries or Mexican UN troops to search your house and they decide your pre-pubescent daughters are lovely and would make good sex slaves. You can then turn over your gold in an attempt to save your children. Of course, they will just take the gold and the children and then kill you for lying to them in the first place.
When the sh** hits the fan, even if CNBC is announcing gold prices trading at $5000 on the COMEX that day, that gold coin you have under your mattress still will probably only get you a sack of potatoes, maybe a case of beer, and possibly a massage with a happy ending from the toothless hag living in the trailer park. Give it up. Hoarding gold will most likely just get you killed.
better off taking the money you would buy gold with and take a class in electronics, or plumbing or mechanics. If you can fix something, it might really save your life.
i would also put forward that the reason for the news stories about fake gold is to cast doubt on the gold brokers and the gold in circulation and thus cool this bubble. No coincidence that the stories break immediately after QE3.
I always wondered if you could mass produce gold alchemically. If that was the case why would the aliens travel across the galaxy and put up with these dumb humans just to mine it? It seems they would have had the know how to alchemically mass produce on their home planet(s).
I’m really starting to believe all the gold is being shipped to China to commence a new bankster organized money scheme in the not too distant future. Or all the Earth’s gold has gone up the nose in the form of white powder to keep the banksters alive way beyond the normal human life span. That would explain why they are always one step ahead of us. They’ve lived longer and have experienced more.
I camee across this great music video while pursuing forms of alchemical music as suggest by our beloved Dr. in one of his video conferences. I started with CPE Bach and then moved on to Indian ragas which led me to rock ragas and then this gem which is right up the GizaDeathStar alley:
Thanks for sharing that
It’s just a “fake” world after all.
All we have to do is wait for the little
girl to put away the paper dolls & shoebox scenery
and for her big brother to shut down the vid game.
peace at last
9/17: A 69 year old guy in Nevada passed away; he had $200 in the bank but $7 Million in gold bars and coins in the garage.
The achemy here is the transmutation of thought. The element is valuable because we believe it is. If say fresh food or clean water or medical supplies became scarce, what good would hoarding gold do? Or what if the suppy is way more than usually assumed, or it is made via modern alchemy?
Another example of what Alfred Whitehead called the “fallacy of misplaced concreteness.” Taking an abstraction like The Market and considering it physically real. How would anyone know the assumed aggregation of all transactions? How would anyone know the “Value” of any commodity?
9/18: The Russians announced that the meteor crater Popigai astroblem in Siberia has “trillions of carats” of impact diamonds, some 2x as hard as normal ones. They’ve known since ’73, but kept it classified. Especially since the price of diamonds favored them. So why announce this NOW? Let’s find out who is, uh, impacted…
RaPhi you touch upon an important point. I have debated with “gold bugs” about their prejudice for hording gold. I ask them why hord gold? They usually say, to buy food. My retort is why not buy freeze dried food now instead? It has a shelf life of up to 25 years. When food is in short supply, why would a “food holder” want gold? One cannot eat gold and the value would be determined not by the “gold bug” but by the “food holder”. If he says a pound of gold for a pound of grain, that would be the value. Bottom line, in an emergency situation the only things worth anything are water, food, shelter, clothing and medical care.
Among the theories upon which captalism rests is the assumption of the all-powrful, all-knowing Market. Those of us with a theological background recognize this is simply bad theology.
Another part of the theory assumes what is called perfect information– that all participants have all relevant information about cost, supply, etc and have equal access to the market. Which is obviously b. s.
I rather suspect the “gold bugs” are engaging in a modern form of religious fetishism. They have relics of the deity that the powerful and their obedient priesthood (economists) really worship: Mammon. Lesser anthropoids usually instinctively bow down to the nastiest males, currently the econopathic elite. Why the system seems so irrational.
Notice I am NOT condemning free enterprise, which is the production of physically real goods and services. Only the invisible abstraction of capitalism; the privileging of money. Aka information signal hoarding.
The article refers to the exact “weight” of the gold bars/tungsten bars being the same. The real problem is the specfic gravity numbers are exactly the same for tungsten and gold. This is what the experts measure to assure purity. It should be noted, as well that hollowing out a coin could be done as well as a bar. This is not a recent practice. The US Trade Dollars 0f the 1870’s were hollowed out to smuggle opium. See: http://www.apmex.com/Product/66488/1876_S_Opium_Dollar___Hinged_Box_Dollar_100.aspx