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News Link • Precious Metals

Apparently, the Global Gold Market is Stuffed Full of 400 oz Tungsten Salted Bars

• ChrisMartenson.com

Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – 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. I know folks who have copies of the original shipping docs with dates and exact weights of “tungsten” bars shipped to Ft. Knox.

The balance of this 1.3 million – 1.5 million 400 oz tungsten cache was also plated and then allegedly “sold” into the international market.

Apparently, the global market is literally “stuffed full of 400 oz salted bars”.

 

5 Comments in Response to

Comment by Chip Saunders
Entered on:

There are a couple things that make this more difficult than it seems.

 

First, plating tungsten with gold:   anything gold-plated always has a different look and appearance than actual gold itself. To those who aren't around gold a lot, they may not notice the difference, but it is obvious to those who spend a lot of time with the metal, as those working at exchanges and depositories do. So plating would not work.

 

Hollowing-out a gold bar, filling with molten tungsten:   the problem with this technique is that tungsten has a higher melting point than gold. The hollow gold shell would melt once the molten tungsten was poured into it.

 

However, the only technique that appears plausible (I can't prove it, because I don't have that much gold laying around to try this myself) might be to cast a bar AROUND a tungsten core. Conceivably, this would work by starting with a gold "plank" or bottom piece of the box that will soon surround the tungsten core. Setting the core bar centered on the plank, molten gold would be poured in, encasing the blank. This time, because molten gold is still below the melting point of tungsten, there is no deformity. Depending on the thickness of the box walls encasing the tungsten blank, no physical testing of the bar would reveal that the innards are other than gold. Only significant intrusion into the body of the bar would reveal the fraud. Some sort of X-ray or electronic density differentiation detection test would have to be devised that would be capable of "seeing" through the bar in order to test a bar without physically assaulting it.

 

Comment by laurent jubinville
Entered on:

 

I am rather thinking that this information could be leaked with the originator's intention of hoping to cause a rally for physical possession of gold. This in turn would cause gold to rise to the clouds as recipients would, upon delivery, immediately check for authenticity, hence put all liabilities of fraud onto the "genuinely authentic" agent named on the delivery contract. It would be a scramble by many gambling on receiving the limited number of gold bars that are still virgin.
Comment by Tom Dowdey
Entered on:

Before you jump in with both feet.... read this... an effort at some due diligence by Kevin

over at Cryptogon....

http://cryptogon.com/?p=12193

Comment by Richard Stone
Entered on:

 Is this why the Fed has fought so hard and so long not to be audited ? Think about it ! Wake up America !

Comment by Jet Lacey
Entered on:

But who knows, I could be wrong.  I don't know.  Upon further inspection all of it smells kinda funny.  That's one hell of a crime, but not surprising however if it's true.  


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