Replies to post #8564 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[RBKissMyAs]

pic- Commodities will rebound strong. The question is...from what level? That's what separates the men from the boys.

[sojourner]

Picassa: On an obscure radio broadcast a while ago, Bob Chapman echoed a similar long-term Grand Schema outlining further consolidation of wealth and power into hands of elites. Chapman also claimed US Treasury has little "good delivery" fine gold bars left. To sustain illusion of Fort Knox fine gold, impure US coin-melt bars were swapped for good-delivery gold for settlement purposes, he says. However, the jig is up, states Chapman, as major sources of good-delivery gold swaps: Germany, Italy and France are no longer playing the game. Chapman further claims the US sells gold through Israel and that coin-melt bars are surfacing around the world.


Here's a 2006 article by Roy Kirby on the gold swap caper:
http://www.safehaven.com/article-6115.htm

U.S. sovereign gold stocks allegedly 8,133 tonnes.

Roughly 4,500 tonnes of fine gold [400 oz. good delivery bars]; the balance being less than fine [22 carat] coin melt bars.