Your Economy (No Politics)

[roguedolphin]

More on the Gold Heist....this could be BIG
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26118350


To: roguedolphin who wrote (83793) 11/21/2009 11:38:24 PM
From: Krisyy5 of 83794

"Even if the Clinton Administration did take the gold, I am sure there is a good reason for it. Let’s not worry about what our global leaders do or question them. They are doing God’s will along with the International Bankers and Federal Reserve. They need our support, not criticism. It is very important that the lower class people do their parts as good orderly global citizens and continue to pay taxes. The elite familes and upper class citizens of the world need to know that working class people are not rebellious. Let us all agree not to cause confusion, support our governments decisions as we say Amen!"

But seriously... The IMF announced:

“I am delighted that the Executive Board has given its overwhelming backing to a strictly limited sale of Fund gold to put the financing of the IMF on a sound long-term footing, and enable us to step up much-needed concessional lending to the poorest countries,” Managing Director Mr. Dominique Strauss-Kahn stated. “These sales will be conducted in a responsible and transparent manner that avoids disruption of the gold market. Most importantly, the sales are strictly limited to 403.3 metric tons, which is one-eighth of the Fund’s total holdings, so the IMF will continue to hold a relatively large amount of its assets in gold.”


http://www.imf.org/external/np/sec/pr/2009/pr09310.htm


Why would they need to "raise funds" by selling their gold for a rapidly declining US Dollar (or any fiat currency)? Unless........

Unless their "Gold" is mostly fake gold plated tungsten.


“I am delighted that the Executive Board has given its overwhelming backing to a strictly limited sale of Fund gold to put the financing of the IMF on a sound long-term footing, and enable us to step up much-needed concessional lending to the poorest countries,” Managing Director Mr. Dominique Strauss-Kahn


Yup, doing it for the "poor people" and the "children"! lol!! The IMF is selling the 403 tonnes of gold they bought from Brazil and Mexico. Now did the IMF buy real gold and then swap it out with the gold plated tungsten bars and resell it?


Then we read about Englands gold reserves are physically "deteriorating".

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2554723.ece


Then we have this story:

Brown lost £2bn selling UK's gold - Times Online

Gordon Brown's decision to sell half of the UK's gold reserves ...

Did the Bank of England find out their gold was bunk and get rid of it?


This is interesting

http://www.roskill.com/report.html?id=82

There have been very few new applications for tungsten in recent years and most end use markets are relatively mature. This means that average growth rates tend to be generally in line with cyclical economic activity. However, global demand rose from 45,100tW in 2002 to 60,500tW in 2005, an average of 10%py. Demand for tungsten is forecast to grow by an average 3%py to 2010, when it will reach 68,250t.

So there were no new uses for tungsten yet there was a sudden spike in demand where the annual growth rate tripled from 2002-2005. I calculate the anomalous extra demand to equal 21,000 t. This is by no means proof of anything but a sudden massive increase in demand for a metal that has no new applications and is in a mature market is difficult to explain away.

Perhaps there WAS a new use for tungsten that very few people know about…like making fake LGD gold bars! Most LGD bars will be kept in vaults in London and not be re-assayed if they don’t leave the vault. An almost water tight fraud once they are accepted in to the vault that even auditors could not detect. The plot thickens!

There are two foreign depositories for gold:

1. Bank of England
2. Bank of NY

There is little doubt that the source of the "tungsten" is the Bank of England.

One of the oldest scams is making a brick of tungsten and covering the brick with gold, sealing all the edges and covering the whole surface with real gold.

A London Good Delivery Gold Brick is a 400 oz gold brick, stamped on the bottom with the assayer (e.g. Johnson Mathey). The stamp would have the serial number and the weight of the bar to 3 decimal places.

If I were to buy gold from London and ship to say the bank of Nova Scotia, Scotia Macotta, the agent for the bank and for me would guarantee to me the purity and the weight.

For this I pay insurance, shipping fees and storage fees. If the gold comes from their own inventory, they would not assay. If it comes from another vault, then one or two bricks would be assayed.

The assay requires a hole to be drilled to make sure that gold is uniform. The core and the brick is then heated and reweighed and stamped and that new brick would have Good Delivery Status.

It would be a nightmare to assay every brick that comes to a bank.

It now seems that the Chinese asked for an assay on some of their bricks and lo and behold, some were filled with Tungsten. You can imagine the nightmare that this presents itself.


Who has been buying gold lately?

India bought 200 tons of the 403 tons....

India said it was keen to diversify its reserves away from the US dollar, which has weakened in recent months.


USA: "You wanna diversify away from the Dollar? Sure, please hold one minute for our customer service rep. He will be with you shortly".

USA to Federal Reserve board: "Hey, we got India on hold wanting to diversify away from the dollar and buy some gold. WTF are we going to do now"?

Fed Board: "Hey, we still have some of those gold plated tungsten bricks! Lets unload 403 tons of that shit on them, they will never know. We will make it look like the Chinese did it"!!


The IMF only offered it to other Central Banks. I wonder why? If the Central Bank discovered the fake bars, would they even say anything? Or would they let people assume they have real gold?

My suspicion is that India is getting rid of a few US Dollars obtained in international trade and buying the gold, before the dollar slides further.

Take into account that the value of all the Gold mined in history only amounts to about $5 Trillion if sold at todays prices (give or take a few million).

The US has -$65 Trillion in debt and bullshit assets......


Something stinks.


If I was a banking cartel member I would be sweating like a saturday night working girl singing a sunday morning church solo.

http://sanityisdead.blogspot.com/2009/11/400-oz-gold-plated-tungsten-bars.html