Fake gold bars in Bank of England and Fort Knox

Fake gold bars in Bank of England and FortKnoxBy TheTotalCollapse.comJanuary 20, 2010It’s one thing to counterfeit a twenty orhundred dollar bill. The amount offinancial damage is usually limited to aspecific region and only affects dozens ofpeople and thousands of dollars. SecretService agents quickly notify the bankson how to recognize these phony bills andretail outlets usually have procedures inplace (such as special pens to test thepaper) to stop their proliferation.But what about gold? This is the mostsacred of all commodities because it isthought to be the most trusted, reliable andvaluable means of saving wealth.A recent discovery — in October of 2009 —has been suppressed by the main streammedia but has been circulating among the“big money” brokers and financial kingpins and is just now being revealed to the public. It involves thegold in Fort Knox — the US Treasury gold — that is the equity of our national wealth. In short,millions (with an “m”) of gold bars are fake!Who did this? Apparently our own government.Background In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only aouter coating of real gold. What’s more, these gold bars, containing serial numbers for tracking,originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600

to 5,700 bars, weighing 400 oz. each, in the shipment!At first many gold experts assumed the fake goldoriginated in China, the world’s best knock-off producers.The Chinese were quick to investigate and issued astatement that implicated the US in the scheme.What the Chinese uncovered:Roughly 15 years ago — during the ClintonAdministration [think Robert Rubin, Sir Alan Greenspanand Lawrence Summers] — between 1.3 and 1.5 million400 oz tungsten blanks were allegedly manufactured by avery high-end, sophisticated refiner in the USA [morethan 16 Thousand metric tonnes]. Subsequently, 640,000of these tungsten blanks received their gold plating andWERE shipped to Ft. Knox and remain there to this day.According to the Chinese investigation, the balance of this 1.3 million to 1.5 million 400 oz tungstencache was also gold plated and then allegedly “sold” into the international market. Apparently, theglobal market is literally “stuffed full of 400 oz salted bars”. Perhaps as much as 600-billion dollarsworth.An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan.04 perhaps makes sense now.DA investigating NYMEX executive ,Manhattan, New York, –Feb. 2, 2004.A top executive at the New York Mercantile Exchange is being investigated by the Manhattan districtattorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at theexchange, was served with a search warrant by the district attorney’s office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange’s markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney’s office also declined comment.” The offices of the Senior Vice President of Operations — NYMEX — is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence “prove” that the amount of gold in question could not have possibly come from the U.S. mining operations — because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production. No one knows whatever happened to Stuart Smith. After his offices were raided he took “administrative leave” from the NYMEX and he has never been heard from since. Amazingly, there never was any follow up on in the media on the original story as well as ZERO developments ever

stemming from D.A. Morgenthau’s office whoexecuted the search warrant.Are we to believe that NYMEX offices wereraided, the Sr. V.P. of operations then takes leave —all for nothing?The revelations of fake gold bars also explainsanother highly unusual story that also happened in2004:LONDON, April 14, 2004 (Reuters) — NMRothschild & Sons Ltd., the London-based unit ofinvestment bank Rothschild [ROT.UL], willwithdraw from trading commodities, includinggold, in London as it reviews its operations, it said on Wednesday.Interestingly, GATA’s Bill Murphy speculated about this back in 2004;“Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just aguess on my part, but [I] suspect something is amiss. They know a big scandal is coming and they don’twant to be a part of it… [The] Rothschild wants out before the proverbial “S” hits the fan.” — BILLMURPHY, LEMETROPOLE, 4-18-2004What is the GATA?The Gold Antitrust Action Committee (GATA) is an organisation which has been nipping at the heels ofthe US Treasury Federal Reserve for several years now. The basis of GATA’s accusations is that theseinstitutions, in coordination with other complicit central banks and the large gold-trading investmentbanks in the US, have been manipulating the price of gold for decades.What is the GLD?GLD is a short form for Good London Delivery. The London Bullion MarketAssociation (LBMA) has defined “good delivery” as a delivery from an entity which is listed on theirdelivery list or meets the standards for said list and whose bars have passed testing requirementsestablished by the associatin and updated from time to time. The bars have to be pure for AU in an areaof 995.0 to 999.9 per 1000. Weight, Shape, Appearance, Marks and Weight Stamps are regulated asfollows: Weight: minimum 350 fine ounces AU; maximum 430 fine ounces AU, gross weight of a bar is expressed in troy ounces, in multiples of 0.025, rounded down to the nearest 0.025 of an troy ounce. Dimensions: the recommended dimensions for a Good Delivery gold bar are: Top Surface: 255 x 81 mm; Bottom Surface: 236 x 57 mm; Thickness: 37 mm. Fineness: the minimum 995.0 parts per thousand fine gold. Marks: Serial number; Assay stamp of refiner; Fineness (to four significant figures); Year of manufacture (expressed in four digits).

After reviewing their prospectus yet again, it becomes pretty clear that GLD was established topurposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth,cesspool / catch-all, slush-fund and a likely destination for many of these fake tungsten bars where theywould never see the light of day — hidden behind the following legalese “shield” from the law:[Excerpt from the GLD prospectus on page 11]“Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the LondonGood Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss.Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated tothe Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by theCustodian may be different from the reported fineness or weight required by the LBMA’s standards forgold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standardsrequired by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodianfails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer aloss.”The Federal Reserve knows but is apparently part of the scheme. Earlier this year GATA filed a secondFreedom of Information Act (FOIA) request with the Federal Reserve System for documents from 1990to date having to do with gold swaps, gold swapped, or proposed gold swaps.On Aug. 5, The Federal Reserve responded to this FOIA request by adding two more documents tothose disclosed to GATA in April 2008 from the earlier FOIA request. These documents totaled 173pages, many parts of which were redacted (blacked out). The Fed’s response also noted that there were137 pages of documents not disclosed that were alleged to be exempt from disclosure.GATA appealed this determination on Aug. 20. The appeal asked for more information to substantiatethe legitimacy of the claimed exemptions from disclosure and an explanation on why some documents,such as one posted on the Federal Reserve Web site that discusses gold swaps, were not included in the

Aug. 5 document release.In a Sept. 17, 2009, letter on Federal Reserve Systemletterhead, Federal Reserve governor Kevin M. Warshcompletely denied GATA’s appeal. The entire text ofthis letter can be examined at http://www.gata. org/The first paragraph on the third page is the mostrevealing.”In connection with your appeal, I haveconfirmed that the information withheld underexemption 4 consists of confidential commercial orfinancial information relating to the operations of theFederal Reserve Banks that was obtained within themeaning of exemption 4. This includes informationrelating to swap arrangements with foreign banks on behalf of the Federal Reserve System and is notthe type of information that is customarily disclosed to the public. This information was properlywithheld from you.”above statement is an admission that the Federal Reserve has been involved with the fake gold barswaps and that it refuses to disclose any information about its activities!The above statement is an admission that the Federal Reserve has been involved with thefake gold bar swaps and that it refuses to disclose any information about its activities!Why use tungsten?If you are going to print fake money you need to have the special paper, otherwise thebills don’t feel right and can be easily detected by special pens that most merchants and banks use. Likewise, if you are going to fake gold bars you had better be sure they have the same weight and properties of real gold. In early 2008 millions of dollars in gold at the central bank of Ethiopia turned out to be fake. What were supposed to be bars of solid gold turned out to be nothing more than gold-plated steel. They tried to sell the stuff to South Africa and it was sent back when the South Africans noticed this little problem. The problem with making good-quality fake gold is that gold is remarkably dense. It’s almost twice the density of lead, and two-and-a-half times more dense than steel. You don’t usually notice this because small gold rings and the like don’t weigh enough to make it obvious, but if you’ve ever held a larger bar of gold, it’s absolutely unmistakable: The stuff is very, very heavy. The standard gold bar for bank-to-bank trade, known as a “London good delivery bar” weighs 400 troy ounces (over thirty-

three pounds), yet is no bigger than a paperback novel. A bar of steel the same size would weigh onlythirteen and a half pounds.According to gold expert, Theo Gray, the problem is that there are very few metals that are as dense asgold, and with only two exceptions they all cost as much or more than gold.The first exception is depleted uranium, which is cheap if you’re a government, but hard for individualsto get. It’s also radioactive, which could be a bit of an issue.The second exception is a real winner:tungsten. Tungsten is vastly cheaper than gold (maybe $30 dollars a pound compared to $12,000 apound for gold right now). And remarkably, it has exactly the same density as gold, to three decimalplaces. The main differences are that it’s the wrong color, and that it’s much, much harder than gold.(Very pure gold is quite soft, you can dent it with a fingernail.)A top-of-the-line fake gold bar should match the color, surface hardness, density, chemical, and nuclearproperties of gold perfectly. To do this, you could could start with a tungsten slug about 1/8-inchsmaller in each dimension than the gold bar you want, then cast a 1/16-inch layer of real pure gold allaround it. This bar would feel right in the hand, it would have a dead ring when knocked as goldshould, it would test right chemically, it would weigh *exactly* the right amount, and though I don’tknow this for sure, I think it would also pass an x-ray fluorescence scan, the 1/16″ layer of pure goldbeing enough to stop the x-rays from reaching any tungsten. You’d pretty much have to drill it to findout it’s fake.Such a top-quality fake London good delivery bar would cost about $50,000 to produce because it’s gota lot of real gold in it, but you’d still make a nice profit considering that a real one is worth closer to$400,000.What’s going to happen now?Politicians like Ron Paul have been demanding that the Federal Reserve be more transparent and openup their records for public scrutiny. But the Fed has consistently refused, stating that these disclosureswould undermine its operation. Yes, it certainly would!BECOME DEBT FREE WATCH THESE MOVIES BELOW END THE FED !!!!!!!The Money Masters A History of Money VIDEO BELOWhttp://www.youtube.com/watch?v=JXt1cayx0hsThe Secret of Oz A History of Money VIDEO BELOWhttp://www.youtube.com/watch?v=swkq2E8mswIhttp://www.infowars.com/

Fake gold bars in Bank of England and Fort Knox

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