Replies to post #29313 on Value Microcaps Free-For-All

[roguedolphin]

<<"roguedolphin: Gold scam

This is 100 percent conjecture at this point. No one has proven a thing. Has anyone discoverd a gold bar containing Tungsten?">>


I believe there has been a tungsten filled gold bars recovered(?)by someone...hard to get details here(would you want to look foolish?). These rumors have been floating for several months.

Will we see mainstream news reports soon? I doubt the "bought and paid for US media" will cover this story. Look for investigative reporting and news to break from elsewhere.

Jim Willie is a sharp cookie in my opinion,...this has the potential to blow open sky-high...all hell can break out soon(?). RATS MAY BE CORNERED!
http://www.infowars.com/gold-market-breakdown/


My view is the story is not only credible, but it is the climax to the US financial collapse. In time the United States will be isolated, declared a Rogue Nation, unable to fund its debt except with monetization, whose leaders and former leaders face international prosecution. The resulting inflation will undermine the USDollar to the point that it will not be accepted. A USTreasury default will be forced, all in time. To be sure, some demand for gold might be frozen into inaction obviously, as customers would fear owning fake gold bars. However, the significantly greater effect is that sellers of gold will scramble to purchase real gold bars, so as to avoid fraud charges, criminal prosecution, and jail time. They will be motivated to repair the fraudulent transaction with full expedience. The replacement effect will cause an extraordinarily huge demand. Only at that time, will the risk of exposing the stolen gold come, as the thieves will want to cash out on their crime, at least partially. The removal and illegal swap of gold has precedent. In the 1960 decade, around 1968, President Lyndon Johnson ordered the removal of 7000 of the 8000 tons of gold from Fort Knox, and had it sent to England. The motive was to support the gold price at the time. Just a few years later, the US under President Nixon abandoned the US$ Gold Standard, as dictated by the Bretton Woods Accord. The gold was replaced during the Johnson Admin in Fort Knox by lead bars plated by gold. A contact of mine was in the USMilitary Police at the time. He reported long caravans exiting Fort Knox for weeks at a time, but the details of shipments were not known to the guards, only their duties.

For some excellent forensic financial analysis on the fake gold project, called Operation Grand Slam, see Rob Kirby’s article. It is entitled “On Doing God A New Take On Operation Grand Slam With A Tungsten Twist HERE), dated 12 November 2009. $$$ GOLD MARKET BREAKDOWN IS WITHIN VIEW. LONDON GOLD IS BEING DRAINED BY THE CHINESE. A DISMANTLE OF THE CRIMINAL APPARATUS IS THEIR GOAL. UPON FULL BREAKDOWN, THE GOLD PRICE WILL BE RELEASED FROM PAPER TENTACLES AND RISE SHARPLY. $$$ ...


...Evidence is being gathered by perhaps a dozen key gold traders with diverse connections to the gold industry. They tie the delivery systems, the authentication processes, the assayers, record keeping, big financial firms, and trading platforms. Evidence mounts that as many as 1.5 million 400-oz gold bars were replaced at Fort Knox during the Clinton Admin with tungsten bars covered with a thin gold plate. This was a complex metallurgical feat, from what is told. The first ’salted bars’ were discovered in Hong Kong a month ago, reported by the Hat Trick Letter. Since that time, tens of thousands of bars have been examined, usually using four test holes drilled for direct sampling. Other non-invasive methods are being used as well, such as electro-magnetic tests to detect the actual lattice structure of the metal to distinguish gold from other substitutes. Word came this week that almost every available assayer in the world is currently tied up, charged with proving the authenticity of gold bars worldwide, right now! Rob Kirby suspects that the Street Tracks GLD exchange traded fund might be loaded with such salted bars. It is a perfect destination for them, since the Wall Street syndicate prevents any audit. The total value of gold removed within the plot was worth over $500 billion. So where are the real gold bars stored? My guess is the same location where the Madoff money is secretly held.

[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