Thread: fake gold (edited by request)

Originally Posted by GDJMSP

Yes, there were some fake gold bars discovered not long ago. ... As I recall, they were found in New York.

Doug, this would be the first hard bit of news I've seen on the subject: everything else has been single unnamed sources with so little detail there wasn't even a way to check.

Do you have links available? Were they LBMA Good Delivery bars?

I did a little research and #1 I can't find ANY source that is reputable to substantiate this story and #2 I highly doubt the United States would try and pull a fast one like that. That whole article and all the others regarding that story stink of an agenda that resembles that of the tabloids I stare at while in line at the supermarket.

Originally Posted by Info Sponge

Doug, this would be the first hard bit of news I've seen on the subject: everything else has been single unnamed sources with so little detail there wasn't even a way to check.

Do you have links available? Were they LBMA Good Delivery bars?

For the conspiracy types, I'd like to see the government make this offer:
They can go into Fort Knox and arbitrarily pick out a few bars of gold and have them slice each bar in half in front of TV camera.
if it turns out to be a tungsten center, they prove their point.
if it turns out to be gold, then the conspiracy types who demanded this be proven must pay the associated costs of getting them into (and out of) Fort Knox, the cost to remelt the split bar back into standard gold bars and finally, an additional $10,000 for making an unsubstantiated claim.

Originally Posted by Cringely

For the conspiracy types, I'd like to see the government make this offer:
They can go into Fort Knox and arbitrarily pick out a few bars of gold and have them slice each bar in half in front of TV camera.
if it turns out to be a tungsten center, they prove their point.
if it turns out to be gold, then the conspiracy types who demanded this be proven must pay the associated costs of getting them into (and out of) Fort Knox, the cost to remelt the split bar back into standard gold bars and finally, an additional $10,000 for making an unsubstantiated claim.

Well the one and only time members of the public and the media were allowed into Fort Knox was in 1974 and that was to quell rumors that the gold was non existent. So you never know.

Originally Posted by GDJMSP

It's basically more scare tactics written with a political agenda in mind. They are taking a story that has some truth to it and twisting it all around to make it suit their needs.

Yes, there were some fake gold bars discovered not long ago. Yes, they were made of tungsten. This stands to reason because tungsten is about the only metal that closely matches gold in density and thus weight. This was all reported in the numismatic press so it's certainly not some big secret. And the fake gold bars were not discovered in Fort Knox. I have no clue where that idea came from. As I recall, they were found in New York.

I believe the attached link may be useful in understanding the correlation between Gold, other metals, and the reality/practicality of its' use in counterfeiting efforts.
http://www.commodityonline.com/news/...22919-3-1.html

Originally Posted by MattJW

Well the one and only time members of the public and the media were allowed into Fort Knox was in 1974 and that was to quell rumors that the gold was non existent. So you never know.

I think a more legitimate question is, who owns the gold? It might not belong to the Treasury or Fed if it was sold years or decades ago and is just being held in storage for the buyer.

Follow the three little dixie cups, Round and round they go!! Where,s the
Gold!! Can you find it??

Fake gold at Ft. Knox wouldn't even surprise me at all. There is definatly a reason why the last "audit" was right before we went off the gold standard. Not even sure if that audit counted since nobody authenticated the gold..

OHHHH and all the new gold Eagles for 2010 are tungsten filled coins!
And the president is a blowup doll
And aliens are invading the eearth laying siege to the capital.
And lemons used to be 10k gold but were hollowed out and filled with juice.
And money grows and falls of trees. Thats why christmas is after fall so everyone spends the money they find.

If we all believed every piece of dudi that came out of someone mouth then its safe to say LSD would be the new gold. lol