FLASH: ZERO HEDGE ON THOSE FAKE GOLD BARS
Zero Hedge is now reporting these details on those fake tungsten-filled gold bars sold int New York City:
Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
I hope you caught the last two paragraphs: here they are once again:
"Which was also to be expected. What is also to be expected is that as more and more stories of Tungsten making it into broader gold circulation, that retail sales of physical gold will certainly be impaired as end consumers become far more cautious about what they buy.
"And while we await more information, especially from the Secret Service, who is "on top" of this case, which we assume implies that gold is after all money, we leave readers with our conclusion from Tuesday: "with false flags rampant these days, we would not be surprised if this is merely yet another attempt to discredit gold, this time physical, as an undilutable medium of warehousing wealth. So buyer beware: in a time when everyone is broke, triple check before exchanging one store of wealth for another.'"
Given all that I have written here about the bearer bonds scandals, we now have the gold itself being counterfeited. That is to say, in my opinion, this story is related to the bearer bonds story. This may or may not be a false flag. It is conceivable that the banksters, under severe pressure already, are trying to suppress the price of gold. It is, I would suggest, equally conceivable that there is a bigger game - going back at least to 1928 when Hjalmar Schacht of the Reichbank visited the NY Federal Reserve, only to be informed that they could not find the Reichsbank gold(See Confessions of the Old Wizard: the Autobiography of Hjalmar Schacht, p. 245). This, plus the massive obfuscation concerning the actual amount of gold in existence, would also seem to me to present the possibility that someone, somewhere, is sending messages to the banksters.
And let's not forget this one:
Fake gold bars out of tungsten a counterfeit story
I hope you caught the implication of the involvement of Ft. Knox:
"Whoever pulled this one on the gold bars had connections inside the government, big banks and also a top-of-the-line fabrication facility. For, counterfeit is not something new for the US government, it did this is 1964 when zinc dimes clad in silver were introduced. That's why the pre 1964 coins are valued more. Elsewhere, early this year, another counterfeit story made rounds as some of the gold bars in the vaults of the National bank of Ethiopia were found to be gold plated steel."
Well of course, this wouldn't be the first time that financial oligarchs were caught culling and clipping coins. The real question is, "fake" gold-backed bearer bonds, and now...fake bullion bars... What does it mean?
Well, possibly, it means that the "fake" bonds represent real bonds. After all, one does not counterfeit what does not exist. But if such bonds were only intended for a select few, then, when those come due, you'd better have an awfully lot of gold(which means you're going to have to skim it from the public market, plus have a lot of it that's gone unaccounted for - that's another story), or you'd better be ready to refinance the paper. In short, you're looking at a whole tier of finance that the governments and banks are strenuously denying even exists. And the implications - think global leverage here - are enormous.
Or, perhaps this metaphor will help: there are two players: Venice, and everyone else.
See you on the flip side.
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centralization and then wham the double cross…..good metaphor Doc but who created the venice club?
The me love you long time cult is about to get a arrow thrown through its heart …..in the mean time its raining cats and dogs.
It’s a license plate “ttb4urtt”
meaning double cross berfore…
I might have the answer to this, too.
Not sure yet.
So I’m not sharing on this one
Not only do any of you believe….
that the Universe we are all a part of
is very, very strange indeed,
I’m not sure yet !?!
1) notoriously unethical
2) so historically tied into the bullion trade that they even named themselves after precious metals.
When I hear about tungsten filled gold bars hitting the streets of NY and steel plated gold being sold to African governments, it doesn’t even make me mad. It makes me laugh. I really have to just sit back and admire their chutzpah.
Max Keiser stresses the manipulation of the gold/silver markets, especially in regards to its price supression.
The solution is a Public Banking System along the lines suggested by Ellen Brown:
Also, a “Webster Tarpley” type 1% Wallstreet sales tax(on speculation/derivatives).
Both would be a good start.
The author is correct to speculate that the interest in gold as an investment will certainly be dampened if and when general knowledge of this tungsten filled gold bars story become widely circulated.
My thought is that perhaps the US government wishes to bring the price of gold down so as to better meet it’s obligations to other governments who have expressed a desire to take delivery of their gold held by our Federal Reserve…Germany for instance. It is my opinion that the US doesn’t have the gold on hand to meet these obligations.
Investors may wish to exchange gold for silver since no such problem exists with that precious metal. This could be a boon for the price of silver.
Oh boy Mel…I don’t even want to go into the silver problem….it’s equally huge and equally buried….boy oh boy….
Then please steer us in the right direction regarding silver. I thought that bag silver 1964 and earlier was a safe bet seeing as how each nickel, dime, quarter and half dollar are all 90 % pure. Most of those coins have seen ample time on the streets to show their age. Unless counterfeiters are going to take a buffing wheel to each imposter coin which seems unlikely. Sure its bulky but it’s also useable as a means of barter,
I remarked the other day under the Flash More Fake Gold column that I thought there might be a nominal 5% discrepancy in the weight of same sized gold and gold clad tungsten.but that is pure conjecture on my part. I though a sensitive scale and a micrometer might be able to discern the difference between a real and fake 1 ounce coin.
Under the same thread I also referenced a rumor of counterfeiting dating back to the 1990’s but again have no way of cross checking the veracity. Sure is a timely and convenient event for those who would scare otherwise eager buyers out of the market given the persistent rumors of soaring metals prices in the near future.
I have to come clean just for the record and can presently only hope nobody is reading yours truly’s ramblings in the first place, haha. First I should have read the contents of the link provided above and I could have saved you all the spillage of misguided words and myself the embarrassment of my inept take on how to discern real gold. Without any due regard for the respective densities of tungsten and gold I had instead referenced the Periodic Table Of Elements and wrongfully let the molar weight be my guide to differentiating the two. My regrets.
Come now, don’t be coy, Dr Farrell. We are all reasonable adults (mostly). Are you suggesting there is a tungsten silver? What gives with silver?
Oh boy Mel.
I have not done any extensive research but most metals (nearly all) are silvery-white in colour. Lead (Pb) is cheaper and ‘Denser’ than Silver with a low melting point. It could be alloyed with another lighter metal (less dense) to give a parity of weight and increase its hardness. Then easilly Plated to fool any casual, careless or arrogant buyers of bullion bar. But yes, ‘junk silver coin’ Maybe harder to fake and less worthwhile, but i dont know.
note to myself. But irrespective of the relative difficulties of counterfieting ‘real’ silver coin. I did remember see this and many other clips and interviews with Max. http://www.youtube.com/watch?v=QCM7rMIqxmk
i suppose that this is only the tip of an iceberg though. a Papier-mâché iceberg.
May I add an Oh boy, oh boy to Joseph’s?
There are a lot of counterfeit one ounce American Silver Eagles floating around out there and it surely is more than a cottage industry. If you have some of these beauties and want to be sure yours are real there are a bunch of You Tube videos showing how to test them.
Now on to silver nickels: There was a short time during World War Two, from mid 1942 through 1945, when U.S. nickels contained 35% silver and other metals, but no nickel. Nickel was needed for war production.
I have one of these from my birth year, 1943.
An aside: About six weeks ago J.P. Morgan sold more silver than we’re told has ever been mined in history. Move those electronic zeros and ones around and watch the price of silver change.