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Germany Latest Victim of Phony Gold Bar Scam
sbc ^ | March 29, 2010 | Pat Shannan

Posted on 03/31/2010 8:10:05 AM PDT by george76

Amid international accusations that U.S. officials in the Clinton administration replaced gold in Fort Knox with phony, mostly tungsten bars that were later shipped to China and other places yet unknown, a German refinery has now discovered that it has received a bogus "gold" bar as well.

The video proof was shown on the German television station ProSieben that ran the news story covering W.C. Heraeus in Hanau, Germany, the world's largest privately owned refinery.

In the story, Wilfried Horner, head of the gold foundry, shows a 500-gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had the right physical dimensions to be an authentic gold bar, but one of the Heraeus employees suspected something.

After the bar was cut in half, the TV audience could plainly see that the dark insides were tungsten, with only a coating of gold on the outside.

While the story never aired on American TV, it is available on the Internet.

Last fall, Rob Kirby of Kirby Analytics in Toronto reported that China's central bank had discovered nearly 6,000 400-ounce gold-plated tungsten bars among those it had recently received from bonded warehouses.

(Excerpt) Read more at silverbearcafe.com ...


TOPICS: Conspiracy; Society; Travel; Weird Stuff
KEYWORDS: bahog; clintonscandals; conspiracy; cuespookymusic; germany; gold; goldbar; goldsupply; napl; scam; theft; tungsten

1 posted on 03/31/2010 8:10:06 AM PDT by george76
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To: george76

Auric Goldfinger was involved.


2 posted on 03/31/2010 8:11:03 AM PDT by Perdogg (Nancy Pelosi did more damage to America on 03/21 than Al Qaeda did on 09/11)
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To: george76; Slings and Arrows
After the bar was cut in half, the TV audience could plainly see

Mmmm chocolate...

3 posted on 03/31/2010 8:12:13 AM PDT by a fool in paradise (VP Biden on Obamacare's passage: "This is a big f-ing deal". grumpygresh: "Repeal the f-ing deal")
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To: george76

old news; now their gonna use gold-plated depleted uranium bars,a tungsten-in-cheek move, not Kelly`s Heroes at all.


4 posted on 03/31/2010 8:13:34 AM PDT by bunkerhill7
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To: Tijeras_Slim; Constitution Day; Petronski; BGHater

GOLD LEADER
STANDING BY

5 posted on 03/31/2010 8:14:58 AM PDT by martin_fierro (< |:)~)
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To: george76

Gold, the new Fiat Currency....

Maybe we should be putting our money in Tungsten futures....

I have to wonder how many of these bars came from China... They Buy 500 bars of gold and with a little work turn it into 5000 bars fo 5 million bars then they launder it through various world gold markets...

Either that or this is a move by the NWO types to dillute the Gold Market...


6 posted on 03/31/2010 8:16:45 AM PDT by GraceG
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To: bunkerhill7
Now that incandescent light bulbs are banned, this is a legitimate use for tungsten.

I don't feel bad for the CHICOM. They can always trade the tungsten to North Korea for some of that delicious kimchee.

7 posted on 03/31/2010 8:17:47 AM PDT by Kenny Bunk (Obama. He'll bring back States' Rights. In the meantime, this ain't gonna be pretty.)
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To: george76

Clinton’s fault?


8 posted on 03/31/2010 8:19:16 AM PDT by Fresh Wind ("...a whip of political correctness strangles their voice"-Vaclav Klaus on GW skeptics)
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To: bunkerhill7

Woof-Woof


9 posted on 03/31/2010 8:20:39 AM PDT by PrairieRoot (Here's hoping Global Warning extends the hunting and logging seasons.)
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To: Perdogg

Yes, definitely tungsten.

10 posted on 03/31/2010 8:21:48 AM PDT by Fresh Wind ("...a whip of political correctness strangles their voice"-Vaclav Klaus on GW skeptics)
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To: PrairieRoot

i DON WANT NO NEGATIVE WAVES


11 posted on 03/31/2010 8:22:23 AM PDT by bunkerhill7
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To: george76

I wonder where these gold companies that are trying to sell the stuff are using. Doubt anyone would cut in half a gold coin to see if real.


12 posted on 03/31/2010 8:27:04 AM PDT by Logical me
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To: george76

http://www.tungsten-alloy.com/en/alloy11.htm

ChinaTungsten Online! “We are well accustomed to exploit more innovative applications of tungsten products. Gold-plated tungsten is one of our main products. “


13 posted on 03/31/2010 8:32:08 AM PDT by USMCPOP (Father of LCpl. Karl Linn, KIA 1/26/2005 Al Haqlaniyah, Iraq)
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To: george76

fascinating

I woder if this had anything to do with the (unreported)electronic attack on the US financial system in September 2008. China calling in about $500 Billion worth of chips (and on the way to several trillion) before Paulsen shut it down


14 posted on 03/31/2010 8:32:49 AM PDT by silverleaf (Karl Marx was NOT one of America's Founding Fathers)
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To: Fresh Wind

Okay a few questions...
1. Are they saying that the US government produced these bars?
2.If so this could not have been done without many many people physically doing the work.
3. Tungsten would have to be produced at a special forge ( High temps) which forges had this capability and who produced gold bar blanks of specific size?


15 posted on 03/31/2010 8:36:06 AM PDT by Walkingfeather
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To: Perdogg

Call M and tell him to put 007 on the case.


16 posted on 03/31/2010 8:36:28 AM PDT by Rockingham
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To: GraceG

From what I can tell the present price of tungsten in around $225/metric ton.

That’s a whole lot less than gold.

I thought the article was fascinating in its assumption that anybody could know who had produced a specific fake gold bar. Unless the counterfeiters kept careful chain of custody documentation.


17 posted on 03/31/2010 8:44:50 AM PDT by Sherman Logan
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To: george76

If it’s true or not, I think it is a way to make the consumer think twice about gold purchases. Keep the rubes out of the market while the central banks and the wealthy stock up at never to be seen again prices. hhhhhhhmmmm?


18 posted on 03/31/2010 8:45:22 AM PDT by oncebitten
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To: Fresh Wind

http://www.youtube.com/watch?v=XRmLjheB16Y


19 posted on 03/31/2010 8:45:23 AM PDT by wally_bert (It's sheer elegance in its simplicity! - The Middleman)
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To: Perdogg

Maybe it was that gold paint huffer guy?


20 posted on 03/31/2010 8:45:39 AM PDT by goseminoles
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To: Walkingfeather

If I recall correctly, the rumor was that the tungsten bars were produced in China and gold plated in the US.


21 posted on 03/31/2010 9:00:20 AM PDT by nuance4u
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To: george76

Couldn’t you easily detect tungsten by trying to stamp it? Gold takes a stamping easily, tungsten would not yeild. I gotta believe they have some sort of incoming QA to tell the two apart.

As an aside, my wife grew up in Attleboro where there are a lot of jewelry companies. The guy who transported gold for one of the big ones was an elderly man dressed like a janitor who drove it in the trunk of his old jalopy. People (in those days) knew enough not to gossip about things like that and he was never robbed.


22 posted on 03/31/2010 9:03:13 AM PDT by Lonesome in Massachussets (The naked casuistry of the high priests of Warmism would make a Jesuit blush.)
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To: george76

Somebody made off with a lot of money and POWER.


23 posted on 03/31/2010 9:18:19 AM PDT by Vaduz
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To: a fool in paradise; MeekOneGOP; Conspiracy Guy; DocRock; King Prout; Darksheare; OSHA; ...
There's tungsten in them there hills!


24 posted on 03/31/2010 10:11:27 AM PDT by Slings and Arrows (FUBO! FUNP! FUHR! FUBS!)
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To: Fresh Wind

Here is some articles for you about this subject...

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

http://www.goldinvestingnews.com/2900/gold-scams-shortchange-investors.html

http://news.goldseek.com/GoldSeek/1264196160.php

http://news.goldseek.com/GoldSeek/1264196160.php

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


25 posted on 03/31/2010 11:14:53 AM PDT by phockthis
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To: Slings and Arrows
Good grief! You'd think that they would weigh every bar of gold they receive. Density doesn't lie. If it isn't 19.32 g/cm3, it isn't gold.
26 posted on 03/31/2010 11:34:39 AM PDT by TheOldLady
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To: TheOldLady

try doing some research.....


27 posted on 03/31/2010 11:43:50 AM PDT by phockthis
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To: phockthis

Try being a bit more polite.


28 posted on 03/31/2010 11:56:20 AM PDT by Slings and Arrows (FUBO! FUNP! FUHR! FUBS!)
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To: phockthis

Oh yes, sir! I’ll get right on that.


29 posted on 03/31/2010 11:56:26 AM PDT by TheOldLady
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To: Slings and Arrows

Thank you. That’s my back you got there!


30 posted on 03/31/2010 11:58:21 AM PDT by TheOldLady
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To: TheOldLady

De nada.


31 posted on 03/31/2010 12:01:48 PM PDT by Slings and Arrows (FUBO! FUNP! FUHR! FUBS!)
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To: george76

Years ago, some folks made counterfeit Krugerrands by alloying platinum with copper to make a gold appearance. Eventually the price of platinum went so high, the counterfeit Krugers are now worth more than the real gold ones!


32 posted on 03/31/2010 12:52:41 PM PDT by Rytwyng (I'm still fond of the United States. I just can't find it. -- Fred Reed)
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To: Slings and Arrows

I was in a hurry while at work, I didnt mean any disrespect to anyone


33 posted on 03/31/2010 1:01:30 PM PDT by phockthis
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To: wally_bert

“No, Mr. Bond. I expect you to die!”

Best film line ever!


34 posted on 03/31/2010 1:15:45 PM PDT by Fresh Wind ("...a whip of political correctness strangles their voice"-Vaclav Klaus on GW skeptics)
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To: silverleaf

Our public masters will not reveal whom the culprit was
Our free press is silent on the matter.

I like your “idea”.
Who ever it was scared the crap out of the D of C
As George said “I am sorry I triggered the socialist landslide” or something close to that


35 posted on 03/31/2010 1:27:34 PM PDT by winodog (We've got more people voting for a living than we do working for a living.")
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To: TheOldLady
Gold (Au) Density [kg/m3: 19300
Gold (Au) Tungsten (W) Density [kg/m3: 19250

Very very close.

And from another site...

A Chinese company called Chinatungsten is advertising imitation gold merchandise on its website. The following quote is taken directly from their Tungsten Alloy for Gold Substitution page:

"a coin with a tungsten center and gold all around it could not be detected as counterfeit by density measurement alone ... We are well accustomed to exploit more innovative applications of tungsten products. Gold-plated tungsten is one of our main products."


36 posted on 03/31/2010 1:42:28 PM PDT by AFreeBird
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Comment #37 Removed by Moderator

To: a fool in paradise

Envision a gloomy old office, as if from a Gahan Wilson cartoon, which it happened to be.

Imagine an exceedingly decrepit old man, leaning on his cane, sitting in front of the desk. Behind it sits a much younger man, with a magnifying loupe examining a small object.

The younger man speaks.

“I’m afraid what you have here, Colonel Phlegm-Dottle, is a bit of chocolate covered in yellowish tinfoil.”


38 posted on 03/31/2010 2:34:31 PM PDT by Erasmus (The Last of the Bohicans)
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To: calex59

Your comment was unwarranted and abusive.


39 posted on 03/31/2010 5:22:48 PM PDT by Slings and Arrows (FUBO! FUNP! FUHR! FUBS!)
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To: blam; TigerLikesRooster

Looks like gold is near a short term peak again. This is the third tungsten scare noted on FR since November; previously, threads on March 2 and March 4 (keyword “tungsten” brings them up) absolutely perfectly bookended the March 3 top of about $1137.

Does anybody have a goldbug ping list? I can start one if we don’t have one and there’s interest.


40 posted on 03/31/2010 8:46:21 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: Lonesome in Massachussets

If stamping were the only easy test, you could have gold around a core of tungsten and let’s say double your money with a 50/50 bar instead of going for a 10x increase with a 90/10 bar.


41 posted on 03/31/2010 8:50:19 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: All

Oops, this is the same ten-year old story from the last scare here. We had at least two threads, on March 2 and March 4.

http://www.freerepublic.com/focus/search?s=tungsten&ok=Search&q=quick&m=all&o=time&SX=4bb3d315e0ef917caa073b428ad95a29068833cf


42 posted on 03/31/2010 8:54:55 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: jiggyboy

Here are some more recent doings of the gold and silver market this past week at ZeroHedge:

http://www.zerohedge.com/article/eric-king-follow-interview-gata-trail-biggest-gold-manipulation-story-disclosed

http://www.zerohedge.com/article/former-goldman-commodities-research-analyst-confirms-lmba-otc-gold-market-paper-gold-ponzi

http://www.zerohedge.com/article/you-dont-mess-lbma-assasination-attempt-silver-market-manipulation-whistleblower

Pretty interesting stuff. The physical market is not physical gold at all. How about that? Just piles and piles of paper saying it is gold. In fact, the paper racket is leveraged 100 to ... 1! And, just by coincidence, the whistleblower and his wife have an attempt made on their lives, the very next day.

Move along now, nothing to see here. LOL


43 posted on 03/31/2010 9:11:19 PM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: george76
Old news my man, but good to see more interested in hard money / precious metals here and the shenanigans that bullion banks, central banks and governments are pulling.

The wealth of the republic and her citizens has been looted and the people left paupers. It won't take all that much longer for all of us to see just how broke we really are!

Nam Vet

44 posted on 03/31/2010 9:31:56 PM PDT by Nam Vet (Innuendo IS NOT an Italian suppository.)
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To: george76
Didn't I just see this this story recently as a plot device on CSI:NY?

-PJ

45 posted on 03/31/2010 9:35:14 PM PDT by Political Junkie Too ("Comprehensive" reform bills only end up as incomprehensible messes.)
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To: All

Announcing the brand new Free Republic Goldbug Ping List!

Ping me to get on or off the list.

46 posted on 03/31/2010 10:23:00 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: jiggyboy

Please add me to your FR Goldbug ping list. Thanks.


47 posted on 03/31/2010 10:33:47 PM PDT by PA Engineer (Liberate America from the occupation media.)
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To: Sherman Logan
From what I can tell the present price of tungsten in around $225/metric ton.

Do you have a reference for that? I think that you may be off by a few orders of magnitude.

48 posted on 03/31/2010 10:41:22 PM PDT by Ronaldus Magnus
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To: USMCPOP
Our gold-plated tungsten alloy products are only for souvenir and decoration purpose. Here we declare: Please do not use our gold-plated tungsten alloy products for illegal purpose.

LOL!

49 posted on 04/01/2010 7:03:23 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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