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Gold Faked With Tungsten - Oh Its Worse

This is the most important Gold Article I have read in years.

This ties it all together.

This reads like a James Bond Movie.

Some of the numbers in here might be typos (oz vs bars).

Oh Frak.

http://news.goldseek.com/GoldSeek/1258049769.php

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Bump,

bump, bump...

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My question is

where did all the real gold go?

SteveMT's picture

Didn't the Rothschilds announce to the world over a decade...

ago that they were NO LONGER in the gold market and that gold was not a part of their assets portfolio? Ha!

They have it all in their vault's.

2004 they exited the Bullion business

The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

The Liberty a society retains is inversely proportional to the number of Lawyers in the Government.

last year they got out of banking

at least that's what Evelyn de Rothchild said in his (very rare) television interview...I think it was CNBC. I think someone will find it on youtube.

Coin Act of 1792.....and shall suffer death!

This is the exact reason why the following penalty was authored into the Act of 1792....

Section 19. And be it further enacted, That

basing the coins. if any of the gold or silver coins which

shall be struck or coined at the said mint

shall be debased or made worse as to the

proportion of the fine gold or fine silver

therein contained, or shall be of less weight

or value than the same out to be pursuant to

the directions of this act, through the

default or with the connivance of any of the

officers or persons who shall be employed at

the said mint, for the purpose of profit or

gain, or otherwise with a fraudulent intent,

and if any of the said officers or persons

shall embezzle any of the metals which shall

at any time be committed to their charge for

the purpose of being coined, or any of the

coins which shall be struck or coined at the

said mint, every such officer or person who

shall commit any or either of the said

offenses, shall be deemed guilty of felony,

and shall suffer death.

I wonder if they are trying

I wonder if they are trying to get people to question gold and scar them away... I have seen posts like that on here.... either it is a huge crime or they are trying to get us peons not to buy.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

An article posted today Dec. 2nd, about an old Gold theft.

From the N.Y. Times:

http://www.nytimes.com/1983/12/22/world/austrians-seize-fals...

REUTERS
Published: December 22, 1983
The Austrian police announced the arrest today of 5 men and the discovery of 10 counterfeit gold bars stamped with numbers and refiner's name to match 6,000 real bars stolen in Britain last month.
The police said the five arrested in Vienna on Tuesday night apparently planned to sell the counterfeit gold, passing it off as part of the haul of three tons of bullion stolen by masked gunmen from a warehouse near London's Heathrow Airport on Nov. 26.
A police spokesman said the police did not know how the men had discovered the numbers stamped on the stolen bars.
The police at first suspected the counterfeit bars were part of the Heathrow booty, but the spokesman said tests showed the bars were made of tungsten and only coated with gold.
The fake bars were seized in a police raid on a hotel where the five men - four Italians and an Austrian - were meeting.

Fair Use Doctrine of International Copyright Law ©
http://www4.law.cornell.edu/uscode/17/107.html

beesting

1983

That article from 1983 is interesting.

Can't find the

youtube clip for the tungsten/gold issue...anyone else have any luck?

_____________________________________________
"You are a den of Vipers.I intend to rout you out and by the Eternal God I will rout you out."

.uǝʞɐɥs puɐ uʍop ǝpısdn pǝuɹnʇ ǝq oʇ spǝǝu pǝɟ ǝɥʇ
http://kennysideshow.blogspot.com/

"If this mischievous financial policy [greenbacks], which has its origin in North America, should become endurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without debts. It will hav

Here's another article....

by Jim Willie.....

Zinc Dimes, Tungsten Gold & Lost Respect

By Jim Willie CB
Nov 18 2009 4:00PM

In 1964 the USGovt introduced the zinc dimes clad with silver. They at least admitted the debauchery publicly. Now pre-1964 silver coins are all considered different, and valued differently too, higher. Rome committed the same coinage fraud 1900 years ago. Their Empire went bust as the city burned almost concurrently. Ayn Rand is a guiding light for Alan Greenspan, the enabling destroyer of the US banking system, destroyer of the US household archipelago, and dispatcher of the US industrial base to Asia. He is the hero icon worshipped by Wall Street. The irony is thick, that his career was spent following Old Europe orders that delivered the slow motion coup de grace to the American Empire. Ayn Rand wrote "If you want to know when a society is set to vanish, watch the money. Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of moral existence. Destroyers seize gold and leave to its owner a counterfeit pile of papers." The Chinese are learning this lesson the hard way, challenged to convert their USTreasury Bonds and USAgency Mortgage Bonds into true wealth before the paper becomes untradable. Actually, the bonds will eventually be redeemed by the USFed with newly printed money, when an avalanche occurs of foreigners seeking redemption en masse. For almost ten years they have been exchanging their finished products to the US & West for paper with ink on it, in questionable stored wealth. The Chinese are cashing in on their paper, trading it for new global power.

NEW TUNGSTEN MINE DISCOVERY

The tungsten deposits come in very high grade ore, located in shallow rectangular deposits dispersed widely across the world, segregated in unusual vault heap leach mineralizations. In October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating. This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago. History repeats itself. The parallels to mortgage bond fraud with either subprime borrowers or multiple property titles used in bond securitization is easy to spot. A consistent theme runs through the American management of finance and dissemination of fraudulent assets on a global basis. Tungsten gold bars is a feat difficult to surpass. Credit must be given for not leaving any potential for fraud untapped. Refer to insider flash trading, naked shorting of bank stocks, commodity trading on behalf of the USGovt, and much more. No disrespect is intended for the trillion$ counterfeits of superstar grade. Refer defense appropriations, USTreasury Bond sales beyond issuance, and missing Fannie Mae funds. These are legacy crimes.

The initial discovery was something like four gold bars, which the Hong Kong bankers drilled invasively to test the contents. Reminds me of drilling the earth and measuring how many grams of gold per tonne. The HK bankers hoped to have 99% gold yield in their drill program for the resident bars. They found something like 1% instead and 99% tungsten. By the way, tungsten sells for less than $70 per ton, which makes its swaps for gold to be 60x more profitable than silver bar swaps. Another handy usage for the Gold/Silver ratio in calculations. The hunt was on. Now not a single assayer on the planet is available, as all are tied up. They have been commissioned to test the gold bars shipped from the United States of Fraudulent Banker America in their own bullion vaults. They use basic methods of four drill holes with direct assay of shavings, but also less invasive methods like electro-magnetic waves to examine the metal lattice structure. When highest level methods are needed, they turn to mass spectrometry. NOW ALMOST NO GOLD BARS WILL LEAVE THE LONDON OR NEW YORK METALS EXCHANGES WITHOUT SOME AUTHENTICATION, AS DISTRUST IS WIDESPREAD.

The global bankers must deal with toxic bonds and phony gold bars. Talk circulates that the entire contents of Fort Knox might have swapped a decade ago. Evidence is being accumulated and compiled. The assayers have also been commissioned to assist in authentication of gold bar delivery the world over from the US exchanges. Current estimates among the gold trader community run well past a few hundred thousand 'salted' gold bars, maybe over a million. So the introduction to sophisticated Wall Street methods of currency management during the Decade of Prosperity had a side game running simultaneously. In an age where the lines between patriotism and treason are blurred, this tungsten episode brings new meaning to the word HEIST.

continue here:
http://www.24hgold.com/english/news-gold-silver-zinc-dimes-t...

SteveMT's picture

"Tungsten-Filled Gold Bars" Discussed On CNBC

The "Tungsten-Filled Gold Bar" Conspiracy Gets Discussed On CNBC (GLD)
Joe Weisenthal|Nov. 18, 2009, 7:05 AM

You know the gold bugs have really gone mainstream, when conspiracy theories about tungsten-filled gold bars
are discussed on CNBC.

This morning, newsletter writer Howard Ruff was asked by Joe Kernan whether Fort Knox was filled with gold ingots actually filled with tungest -- a much cheaper substance of similar weight.

If you were confused about what the hell that was all about, we discussed this last month.

We're not sure what to make of it, but, just as many people want an audit of the Federal Reserve
, the gold bugs demand an audit of Fort Nox.

Here's a paper discussing some gold conspiracies, including the tungsten one:

AEFGoldBasisIsDeadLongLiveGoldBasis

http://www.scribd.com/doc/21707237/AEFGoldBasisIsDeadLongLiv...

Google "tungsten gold" for news

The Gold Seek story shows up. NO ONE has picked it up.

Truth exists, and it deserves to be cherished.

Well, just from superficial inspection,

it appear that any project of this magnitude would include some very major player, on the order of a country, or the IMF, or something like that, to pull this off.
This is a massive undertaking to even logistically attempt to do.

Joe Blow isn't going to make all those tons of counterfeit bars of tungsten-filled gold in his basement.

This is obviously done by some group who normally trades in large volumes of gold bars, with the big boys, so it's one of the "big boys" that's doing it.

A prime suspect might be any large banking or investment group that got "caught short" in some huge short positions, and had to deliver physical gold that they did not have in their possession or couldn't part with for other reasons.
So, conceivably, they could have melted what they had, and produced the necessary amounts by this counterfeit method, so that they didn't take a loss.
The first place I'd look at is anybody over the past few years who took heavy hits on short positions, and had to deliver.
This could have been part of the "metals manipulation" activity, where the players continuously took short positions, and had to deliver, and didn't want to take the hit of delivering the actual product, just to manipulate the market.

Good guess, Big T.

I wonder how long this has been going on? It could have started quite a few years ago. Countries that had received fakes would be very slow to acknowledge that they had been tricked.

ultimatecynic

Who would be motivated to make fake gold bars

on a very large scale?

Certain countries? IMF?

Is there a covert war going on? The very large players who can afford to thoroughly assay every delivery would have a significant advantage over the rest who can't afford a thorough assay.

Are the NWO schemers trying yet another tactic to suppress gold prices by suppressing demand through doubt about authenticity?

Can we even trust that the coins coming out of the US mint are genuine? People who buy coins do not have the means to assay them, and the assay would destroy the coin's value in the process. The market in gold coins will eventually reflect the growing doubt.

Maybe the recent spate of faked US gold coins was a way for China to recoup some of their losses from previously received fake bars.

More speculation in these links:

http://sanityisdead.blogspot.com/2009/11/400-oz-gold-plated-...

http://aaronandmoses.blogspot.com/2009/11/who-owns-fake-gold...

ultimatecynic

Well, everybody. Keep this on your favorites.

Its a smoking gun but who owns the gun? We gotta audit that Fed and find out.

HOLY CRAP.

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Peace, Freedom and Prosperity. Not War, Welfare and Bankruptcy.

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Peace, Freedom and Prosperity. Not War, Welfare and Bankruptcy.

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What...if any...connection does this have with gold left under

the world trade center bulding #7 ???

Discover Costa Rica

Discover Costa Rica

The pattern with these shysters is all about 'inventory' and

accounting fraud. They take the bona fides and replace it with the fakes.

Detail Gold Question

For those that are really in the know I have a question.

Where is NYMEX. (Where in Ney York City)

i.e. Where is the gold kept
Where is the Senior Vice President of Operations - NYMEX
Where would the numbered bar lists be kept.

Are these locations the same - what steeet and block in NYC are they located.

Thank You If you know.

Aloha Mr. HawaiianDude.

*
I saw this request a few days ago but was hoping someone else more knowledgeable than me might answer it.

NYMEX only deals in 100 ounce Gold contracts, therefore the Gold they hold in different depositories around New York city are in increments of 100 ounces.

Here is a link to their operation {PDF} :

http://www.cmegroup.com/rulebook/NYMEX/1a/113.pdf

And this:

http://www.cmegroup.com/market-regulation/

400 ounce Gold bars otherwise called London Good Delivery Bars are used in the LBMA { London bullion market association }

http://www.lbma.org.uk/

These are the bars held by central banks all over the world.
A few years ago, just out of curiosity I did a search and found only 2 banks in the U.S. had these 400 ounce bars for sale. One in Rhode Island, and one in Hartford Conn.
400 ounce bars could be special ordered only, in other places in the USA.

VIA MAT London does store 400 ounce bars, you might want to check out their website:

http://www.viamat.com/vmi/index.php

Apparently, none were manufactured in the USA at that time, which makes the Tungsten story all the more bizarre to me.

I think this Tungsten in the Gold story was released to force an audit of Ft. Knox and the Fed's claimed Gold.

beesting

i read the article but this cannot be true

if the bars are 400 ounces, and we did this to 1.5 million of them, then that is 660 trillion dollars of gold.

according wikipedia, "In 2006, it was estimated that all the gold ever mined totaled 158,000 tonnes.[1] One tonne of gold equated to a value of US$35.85 million as of November 11th, 2009 ($1115/troy ounces)[2]. The total value of all gold ever mined would be US$5.66 trillion at that price.[note 1]"

meaning 660 trillion dollars of gold doesn't even exist.

first off, I think its 660

first off, I think its 660 billion $660,000,000,000
1,000 thou
1,000,000 mil
1,000,000,000 bil
1,000,000,000,000 tril

secondly, its not gold, its tungsten...so it doesnt matter if that much "gold" exists or not.
just wanted to clear that up:):)

Approximately 16,000 metric tonnes

of tungsten were manufactured into between 1.3 and 1.5 million 400-ounce blanks (bars). 640,000 of those bars were allegedly involved in the fraud. That's just under 8,000 metric tonnes of fake gold bars, or approximately five percent of all the gold ever mined through 2006. It's a plausible enough number. If you have help on the inside (NYMEX), the fakes could easily make it into the warehouses. But the enormous current demand/price for gold is perhaps why there is more scrutiny over the product that is being delivered from the warehouses today. I've read about some COMEX gold bar deliveries in the past year or so where the bars and serial numbers did not match up. My gut says there is a dark scandal coming toward the light of day.

again, taking your quote:

"manufactured into between 1.3 and 1.5 million 400-ounce blanks (bars)"

indicates that there are in existence 1.4 million 400-ounce gold bars (real or fake).

but if you take 1.4 million 400-ounce gold bars, then that is more gold than was ever mined.

the math:1.4 million bars

the math:
1.4 million bars each weighing 400 troy ounces
1,400,000 X 400 = 560,000,000 troy ounces
Convert troy ounces to metric tonnes:
1 troy ounce = 0.0000311034768 mt
560,000,000 troy oz. X 0.0000311034768 m.t./troy oz. = 17,417.947 m.t.

All gold produced through 2006 = 158,000 m.t.
17,417.947 / 158,000 = 0.1120 = 11.2%

The tungsten bars, if all were used in the fraud, would represent 11.2% of all the gold produced through 2006. A little greedy, even for organized criminals, but still plausible.

I suspect a typo - or Chinese Translation

I suspect that it is 1.5 million oz not bars.

Then we are talking about 4000 bars.

Otherwise I wonder if Ft Knox (or anywhere) could hold that many bars.

640,000 (out of 1.3 to 1.5 million) blanks

manufactured are supposedly involved in the fraud.

"Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day."

Another link to the same story:
http://www.financialsense.com/fsu/editorials/kirby/2009/1112...