[Perdogg]

ping

[mojo114]

The guy should watch Pawn Stars!

[griswold3]

When you heard of ‘ghost steel’ in China, you knew a gold fraud was close behind.

[Freddd]

Pat Buchanan just said

Barack Obama drug dealer of welfare

Tomorrows headline!

[DManA]

Civilization is founded on trust. No trust, no civilization.

[FlingWingFlyer]

I heard some speculation about a month ago that it may be a lot worse than this. They were talking Fort Knox. Can’t remember where I heard it.

[Vince Ferrer]

Just buy tungsten bars. If you buy a gold bar and someone fills it with tungsten, then you lose, but if you buy a tungsten barm, and someone fills it with gold, then whoopie!

[cripplecreek]

Meanwhile the fed is “rehypothecating” money all over the place.

[DManA]

MTB, the Swiss manufacturer of the gold bars, said customers should only buy from a reputable merchant. The problem, he admits, is Ibrahim Fadl is a very reputable merchant.

Major fail revealed in that sentence. If you are not a reputable merchant, how are you going to sell your gold? What good is $10,000,000 worth of gold if no one will buy, or trade with you because they can't trust it's gold?

[Dr.Zoidberg]

People should start buying gold in the half bar. Only accept it after it’s been sheared in half leaving the center exposed.

[Calvin Locke]

I wonder if the "bars" came from Jon Corzine, around the time that MF Global, Inc. was in trouble?

Perhaps the serial numbers could be traced back? As in the gold they were holding in the alleged customer accounts?

[PGalt]

No Au? Ibrahim Fadl should fill the merchant with Pb.

[cripplecreek]

Since it looks like a word that will be coming into common usage pretty quickly.

Definition of ‘Rehypothecation’

http://www.investopedia.com/terms/r/rehypothecation.asp#axzz26sWE3T8T

http://en.wikipedia.org/wiki/Hypothecation

[grey_whiskers]

Like, *PING*, dudes and dude-ettes.

(Considering the article I posted from ZeroHedge on Rehypothecation...?)

(Thanks, Perdogg.)

Cheers!

[cynwoody]

Turns out ultrasound is useful for more than looking at fetuses.

http://www.youtube.com/watch?v=5FvM_4B7Pkc

Gold's density is 19.30 g/cc, whereas tungsten's is 19.25 g/cc. Assuming its outer dimensions were not changed, the 10 oz bar should be about 0.7 grams lighter.

[montag813]

When my team finishes perfecting our molecular fabricator, which will make 4oz per hour of 24kt gold, the market will crash and burn.

[Mr. Jeeves]

A government job. Only question is, which government?

[GeronL]

those Chinese are so wild and crazy with their fake economy

[diverteach]

[ETL]