Is that Money in your pocket, or are you just glad to see me?

http://www.marketoracle.co.uk/Article14996.html

Gld ETF Warning, Tungsten Filled Fake Gold Bars
Commodities / Gold & Silver 2009 Nov 12, 2009 - 12:22 PM

By: Rob_Kirby

Commodities

Diamond Rated - Best Financial Markets Analysis Article“Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist”

I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the intermediation of at least one Central Bank to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the gold bullion that they had sold short and were contracted to deliver. At the same time I reported on two other unusual occurrences:

1] - irregularities in the publication of the gold ETF - GLD’s bar list from Sept. 25 – Oct.14 where the length of the bar list went from 1,381 pages to under 200 pages and then back up to 800 or so pages.

2] - reports of 400 oz. “good delivery” bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong.

Why Tungsten?

If anyone were contemplating creating “fake” gold bars, tungsten would be the metal of choice since it has the exact same density as gold making a fake bar salted with tungsten indistinguishable from a solid gold bar by simply weighing it.

Unfortunately, there are now more sordid details to report.

When the news of tungsten “salted” gold bars in Hong Kong first surfaced, many people

who I am acquainted with automatically assumed that these bars were manufactured in

China – because China is generally viewed as “the knock-off capital of the world”.

Here’s what I now understand really happened:

The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars .

--snip--

More at the link....

Not a shred of evidence. Just another false scare to drive up the price of gold.

5,600 phony gold bars? Is that all?

Adds up with billions in "fake" securities moving into Switzerland, no, doctor?



Stuart Smith? Is that you? Are we having treason, yet?

PS: Not trying to be flip, formercia. Just trying to keep from flipping out. Thanks for the heads-up.

--snip--

Roughly 15 years ago – during the Clinton Administration – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA . 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.
--snip--

Now you can freak out.

Post them here.

Of course this was bound to happen. We have a global economy that's looking a lot like post World War II Vienna as portrayed in "The Third Man." It's all about the money, besting taxes, getting what you want no matter who gets hurd. But now this, faking gold bars; the perfect post-capitalist ploy - money for nothing.

Unlike most right-libertarian sites, this one is actually British, which makes me feel positively ashamed!

There is one poisonous snake on the site who keeps posting articles on the theme: "Privatize the NHS and Save the UK from Bankruptcy".

From a recent article:


Now Gordon Brown again targets the sale of public assets at rock bottom prices including -
· Channel Tunnel Rail link
· Thames - Dartford Bridge / tunnel
· Urenco uranium processor
· Student Loans Book
· The Tote
· Local Government property
The estimated £16 billion is just a drop in the debt ocean and as a one off event is a pointless exercise if it is not accompanied by spending cuts that make deep inroads into the annual structural deficit that could breach £200 billion this year. However Gordon Brown could target the privatisation of the NHS which could realise as much as £200 billion which would also force market forces onto a bureaucratic and increasingly ineffective health service as I have suggested several times during the year and therefore be accompanied by a cut in the NHS annual budget of 10% which would amount to a £13 billion annual saving.."
mies.

From an earlier one by the same writer:

'America Attacked During Obama Health Care Debate by British NHS Army
Politics / NHS Aug 14, 2009 - 05:19 PM
By: Nadeem_Walayat

The onslaught of Brit's running to the defence of the NHS against US attacks during the Obama healthcare reform debate must leave american's wondering what the hells going on, perhaps the NHS is far better than they were led to believe?. However what is missing from the equation is the fact that over 1 million people in Britain ride the NHS gravy train and hence have a vested interest in the continuance of this sacred cow funding black hole that continues to exert a sizeable political force that political parties have little choice but to pander towards to ensure electoral success.

Even Margaret Thatcher in a choice between reforming the NHS and implementing the Poll Tax, opted for the latter on fears that she may have taken on more than she can chew by the former. Over the past 10 years the Labour party that has literally risked bankrupting Britain to ensure that the millions that ride the NHS gravy train are kept sweet now to the tune of £120 billion per annum, which is more than triple the budget when Labour came to power.
Now, with the debate across the atlantic raging over Obama's proposed healthcare reforms that are generating many criticisms of the NHS as an alternative to the American existing system of healthcare, this has led to an unprecedented avalanche of defence of the NHS with twitter accounts of those that criticise the NHS assaulted by thousands of replies out of the pool of the 1-2 million that profit from the NHS funding black hole that the NHS has become under New Labour.
Even the Prime Minister, Gordon Brown with an eye on the army of voters during an election year has stepped in to post short comments in its defence. Meanwhile the Tory party of have been eager to rebuke any of its members over in the States that have criticised the NHS such as MEP Daniel Hannon who stated "he wouldn't wish the NHS on anyone."
Politicking aside, the fact of the matter is that the NHS is a funding black hole that does NOT DELIVER VALUE FOR MONEY ..."

They also include American writers such as Lew Rockwell:

'The fashion for socialism and the opposition to capitalism should alarm every lover of freedom the world over. We have our jobs cut out for us, but with numbers this bad, it is not difficult to make a difference. Every blow you can land for free markets helps protect freedom from its enemies.'


I would not trust anything from a site like that!