Gold bars fake? What do you think?

[lonestarnot]

http://www.the-boondocks.org/forum/index.php?t=rview&th=26739&rid=0

"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!"

Will we ever see inside the fed?

[SheilaT]

1. Since our currency has not been

backed by gold since Franklin Roosevelt's first administration, this hardly matters.

[baldguy]

2. +1

[gateley]

10. Yeah, and I've heard the guards don't even have bullets in

their weapons. Don't know if it's true, but it's a good story!

[lonestarnot]

11. I think lying, greed and deceit by the fed matters. A scam is a scam.

But bullshit is bullshit too. And of course they want to blame Bill. Bastards.

[BeatleBoot]

13. And Nixon took us off the Gold Standard

http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_nixongold.html

<snip>

A second issue was also now at the fore -- the dollar. The price of gold had been fixed at $35 an ounce since the Roosevelt administration. But the growing U.S. balance-of-payments deficit meant that foreign governments were accumulating large amounts of dollars -- in aggregate volume far exceeding the U.S. government's stock of gold. These governments, or their central banks, could show up at any time at the "gold window" of the U.S. Treasury and insist on trading in their dollars for gold, which would precipitate a run. The issue was not theoretical. In the second week of August 1971, the British ambassador turned up at the Treasury Department to request that $3 billion be converted into gold.

<snip>

Going off the gold standard and giving up fixed exchange rates constituted a momentous step in the history of international economics.


<more>

[HeresyLives]

3. More on the possibility.

And here’s what the Chinese allegedly uncovered:
Roughly 15 years ago – during the Clinton Administration 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 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. I
know folks who have copies of the original shipping docs with dates and exact weights
of “tungsten” bars shipped to Ft. Knox.



http://www.marketoracle.co.uk/Article14996.html

[marketcrazy1]

6. why would you make 400 ounce blanks

to counterfeit 400 ounce {GDB`s} bars of gold???? would it not make more sense ( and be more believable ) if the "tungsten blanks" were made in 300 or 350 ounce sizes?? I mean really! to make fakes passable you would need to at least have a fair amount of real gold covering them... this article is BS! IMO.....

[kirby]

8. Counter argument...

http://emsnews.wordpress.com/2009/11/14/tungsten-filled-gold-bars-in-asia/

[lonestarnot]

14. Ah yes. Thank you Kirby! Looking for just dat!

[Dreamer Tatum]

4. Bullshit. Really, you think only the Chinese check the purity of gold?

Bullshit. Pure bullshit.

[Turbineguy]

5. And the fakes were substituted

during the Clinton Administration. Why am I not surprised? That is of course why it's suppressed in the media. It's a lubrul media conspiracy. Even Fox News is in on it.

[TheWraith]

7. Hmm. Anonymous internet forum, outrageous claim, no proof... gee, I can't believe it's not bullshit!

No, seriously, I can't believe it's not bullshit.

[anonymous171]

9. BUY GOLD NOW AND VOTE RON PAUL LATER. nt

[lonestarnot]

12. Ackety. Ron Paul...

:puke:

[struggle4progress]

15. How to Make Convincing Fake-Gold Bars (Popular Science 2008)

http://www.popsci.com/diy/article/2008-03/how-make-convincing-fake-gold-bars

I'd guess this is urban legend, originating from the BBC Ethiopia story and some article like this. For the physical problem of actually distinguishing a gold bar from a gold-coated tungsten, scroll down to the comments by XaX

[havocmom]

16. Read several articles suggesting a problem with the 'gold' at Ft. Knox

back in the 80s, when Reagan and bush I were running things. Seems testing stopped? Gee, that should have rung a few bells back then when there was still just a little media still sorta in business.

[Warpy]

17. We've been cursed with so many Republicans in office

over the last 40 years that I fully expect it to have been looted.

It won't do our fiat currency any good if it comes out.

However, the Fed needs to be nationalized and a strict accounting done. Having the central bank in private hands is insane.

[notesdev]

18. I'd have to see Chinese confirmation of this

I have heard this same rumor, and while I find it plausible (our financial authorities being completely untrustworthy) I don't find it confirmable.