The "Tungsten-Filled Gold Bar" Conspiracy Gets Discussed On CNBC

The Business Insider ^ | 11/18/09

[GraceG]

Some histories I’ve read indicate that in the 1700’s 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?

[FromLori]

I knew it was close I wonder if the other weight is then added by coating it if that is what is happening?

[McGarrett]

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.

[Rebelbase]

Tungsten just wouldn't have had the same visual effect:

And would have required script changes...

"And ~that~ Pussy my dear is for letting me think it was all gold we were fussing about"

[Rebelbase]

“If memory serves, it actually topped $2,000 when gold peaked a couple of years ago.”

The peak of catalytic converter theft.

[zeugma]

This is stupid. THere is plenty of gold in Ft. Knox. The real problem is that most of it is not ours. The gold belongs to various central banks scattered throughout the world, and to the saudis and other similar creatures.

[fieldmarshaldj]

“Tung-sten-finger...”

[Centurion2000]

It would be dumb as heck to use Tungsten as Lead is far less expensive and easier to work with......

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

[dennisw]

inneresting....Rothschild house traded gold forever but threw in the towel in 2004. Some suspect ahead of a mega scandal....like this one

[FromLori]

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?

[dennisw]

http://www.gata.org/node/8045

Bloomberg Asia TV for one hour...maybe the video will be posted somewhere.

[dennisw]

Freeper Publius explained the gold-leasing scam that GATA has been protsting for years
Until his post I didn't understand the mechanics or the gold price suppression racket behind it
Five years ago I though GATA were nuts

 

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?)

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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

 

 

 

 

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.

[dennisw]

 

[FromLori]

Thanks very helpful and I hope we can find the Bloomberg video.