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Fake gold bars in Bank of England and Fort Knox counterfeit silver

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Published on May 17, 2010

Jan 11, 2010

It¡¯s one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.

But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.

A recent discovery ¡ª in October of 2009 ¡ª has been suppressed by the main stream media but has been circulating among the ¡°big money¡± brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox ¡ª the US Treasury gold ¡ª that is the equity of our national wealth. In short, millions (with an ¡°m¡±) of gold bars are fake!

Who did this? Apparently the US 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 holes 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 a outer 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!

The Chinese were quick to investigate and issued a statement that implicated the US in the scheme.

What the Chinese uncovered

Roughly 15 years ago ¡ª during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] ¡ª between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE 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 tungsten cache was also gold plated and then allegedly ¡°sold¡± into the international market. Apparently, the global market is literally ¡°stuffed full of 400 oz salted bars¡±. Perhaps as much as 600-billion dollars worth.

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, ¨C Feb. 2, 2004.

A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, 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 ¡ª NYMEX ¡ª 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 ¡ª 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 who executed the search warrant.

Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave ¡ª all for nothing?

Fake gold bars out of tungsten a counterfeit story By MERLIN LAFLEUR,

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