Fake Gold Bars in Fort Knox

MyFreePress ^ | 11/26/2009 | Jason

[myfreepress]

Please someone tell me this is NOT true.

Fake gold bars! What's next?

It's one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.

But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.

A recent discovery -- in October of 2009 -- has been suppressed by the main stream media but has been circulating among the "big money" brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox -- the US Treasury gold -- that is the equity of our national wealth. In short, millions (with an "m") of gold bars are fake!

[myfreepress]

I would not be surprised by anything our Government does.

[xjcsa]

I didn’t ask for someone to challenge my logic. I asked for people to provide it wrong.

Well, since nobody here likely has access to the gold vaults at Fort Knox, you're asking the impossible. It's also impossible to prove there's not an alien invasion mutilating livestock and conducting human anal probes.

It is Thanksgiving and I really don’t want to argue.

If you don't want to argue, you shouldn't post something like this here. This is a discussion site.

Please just read another article if you disagree.

That's not really how FR works.

[Vendome]

All the gold in California is in a bank in the middle
Of Beverly Hills, in somebody else’s name,
So if you're dreamin’ about California,
It don't matter at all where you played before,
California's a brand new game,

[myfreepress]

Last response. I don’t care what you think. Get that trough your thick skull.

[Vendome]

 I meant pretty funny, if "Assay" so myself.

 

[myfreepress]

Yes that is very funny. Unless this is true then it is very sad.

[max americana]

We have a fake president, so why not fake gold bars?

[xjcsa]

Last response. I don’t care what you think. Get that trough your thick skull.

I'm not sure what getting a trough has to do with anything, but I do indeed have a rather thick skull.

I don't post only - or primarily - for your benefit. Other people read this thread too, and some may be too gullible for their own good. Posting a thread does not grant you ownership or moderating privileges on that thread; I will post here as I see fit unless and until a moderator directs me otherwise or I get bored with it.

[myfreepress]

That is what I am thinking. Figured I would post this so we can get more people on Google doing research.

[Non-Sequitur]

There's this great tool called Google that you can use at times like this. In any event, the rumors about the gold in Fort Knox were so prevalent during the 60's that Congress forced an inspection in 1974. Members of Congress were allowed into the depository in 1974 to inspect the gold stored there. Obviously the crack-pot stories continue.

And also gold bars are not 'regularly exchanged between countries'. If you would stop and think about it, the idea is absolutely idiotic. What, you think they back a truck up and load it with a couple of tons of gold bars and then sent it to Beijing? A process where it could be lost in a plane crash or stolen? How much sense does that make?

[Atlas Sneezed]

Don’t make an assay yourself.

[myfreepress]

How much sense does our Congress make?

[Vendome]

LOL

[decimon]

And also gold bars are not 'regularly exchanged between countries'. If you would stop and think about it, the idea is absolutely idiotic. What, you think they back a truck up and load it with a couple of tons of gold bars and then sent it to Beijing? A process where it could be lost in a plane crash or stolen? How much sense does that make?

You're right but it does happen. In the early '70s I helped load gold bars onto a Swissair flight. No passengers. The bars were placed on boards on the passenger seats and strapped down.

Gold is really heavy. Heavy heavy.

[PIF]

According to the author at MyFreePress, FK has 1.5 Million 400-oz gold bars.

According to the US MInt, FK has 147.3 million ounces. Which divided by 400 = 368,250 400 oz bars worth (at 1200oz) $176,760,000,000. Butthe gold is not value to market, but to the old standard rate of $44.22 per oz.

http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?action=fun_facts13

So there you have it - is the rest of the story about the Great Clinton Switcher-roo real or fake?

[ModelBreaker]

Maybe someone starting this rumor is holding gold futures?

[Vendome]

The Spaniards did it. Please don’t flame me today. LOL

Happy Thanksgiving!

[Vendome]

Bin Laden? /s

[Atlas Sneezed]

Does this mean that the gold people have been buying through Gold-line, etc. in coins, etc. could be watered down and not worth it’s full value?

---

No. “Watered down” would mean alloyed with lower value metals (Cu, Ag), which are all also lower density. That would be easily detected by one of the many owners and brokers at some point, and a famous scandal would have erupted. Detection could be by ordinary inexpensive scales and calipers, or by chemical tests jewelers use to determine gold content. Here’s a simple tool that has been around for decades: http://www.fisch.co.za/operation.htm

Then, there’s Tungsten. It weighs the same as gold, and is MUCH cheaper, but is brittle and hard to work. It’s been alleged that it has been used to create LARGE bars with gold cladding, but never as coins. Putting a tungsten slug into a coining press would destroy the die, very likely, and a gold-clad tungsten blank would be extraordinarily difficult to coin, if at all possible.

[myfreepress]

China Introduces a new financial system based on gold
http://education.wallstreetsurvivor.com/node/2601