Posted on 11/18/2009 2:51:14 PM PST by FromLori
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:
(Excerpt) Read more at businessinsider.com ...
Some histories Ive read indicate that in the 1700s some counterfeiters plated a newly discovered grayish metal with gold and sucessfully passed it off as the real thing. That metal is now called platinum. ;~)
Isn’t Platinum more expensive than gold now?
I knew it was close I wonder if the other weight is then added by coating it if that is what is happening?
Correct. Platinum closed at $1,444/ounce in New York today. If memory serves, it actually topped $2,000 when gold peaked a couple of years ago.
And would have required script changes...
"And ~that~ Pussy my dear is for letting me think it was all gold we were fussing about"
“If memory serves, it actually topped $2,000 when gold peaked a couple of years ago.”
The peak of catalytic converter theft.
“Tung-sten-finger...”
Lead also has a density HALF that of gold. Tungsten on the other hand is almost identical. An assayer can spot lead filled in a heartbeat. Tungsten filled gold coated? Get a drill.
Density
Lead : 11.35
Gold: 19.3
Tungsten: 19.3
inneresting....Rothschild house traded gold forever but threw in the towel in 2004. Some suspect ahead of a mega scandal....like this one
I wondered if anyone would catch that I thought that was a telling point. I keep all those articles so I can go back and ref. them I expect another report from Kirby to be coming out soon
http://bluelori.blogspot.com/2009/11/gold-rumors-tungsten-filled-fake-gold.html.
I have to try and find the Bloomberg interview with GATA. You haven’t seen it yet have you?
Bloomberg Asia TV for one hour...maybe the video will be posted somewhere.
What's up with this maneuvering of gold around the world?Gold is the enemy of fiat currencies, and it is the watchdog that barks at the first sign of financial malfeasence by governments. If you want your fiat currency to look strong -- i.e., "We favor a strong dollar" -- you can make it look strong by keeping the price of gold low in your currency. Larry Summers wrote a paper, "Gibson's Paradox", that explores this in detail.
You keep the price of gold low by selling your sovereign gold reserves to flood the market with gold. But almost every nation requires that its central bank get legislative permission to sell that gold. To get around this, we had nations swapping their sovereign gold with other nations. Then the swapped gold was leased to the bullion banks -- who also happen to be the great investment banks like Goldman Sachs -- who sold that gold into the marketplace to keep the price artifically low. The bullion banks were told by the central banks, via handshake agreement, that they would never ask the bullion banks to give that gold back. (Had they been required to give that gold back, it would have set off a short squeeze that would have sent gold to unimaginable heights.)
Gold moved around the world in a shell game aimed at propping up fiat currencies that would permit gross abuse of the dollar -- and other currencies -- without having gold sound the alarm.
97 posted on Saturday, November 14, 2009 3:57:55 PM by Publius (Do you want the people who run Amtrak to take out your appendix?)
Also...
Check out Damon Vickers on Alex Jones ... a six parter on you tube
Vickers has a unique way of explaining the crisis
Damon Vickers on Alex Jones Tv 1/6:A New Financial Order!!
http://www.youtube.com/watch?v=sUgdelBmSl4
Thanks very helpful and I hope we can find the Bloomberg video.
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