Tungsten UP 70% in value - David Morgan Video about Fake Gold and Silver Bars - How to tell

UPDATE 2/23/11 - FAKE Silver Coins/Bars/Ingots ARE on the Market!

Zerohedge has a chart up and a small blurb about Tungsten being up 70% last year.

If you aren't familiar with why Tungsten may be up.... well, it is the number one metal used to make fake gold bars. There have been many reports of fake gold.  There is a video out of Germany which verifies there are tungsten filled Gold bars on the market.  Watch the video and you will see when they cut the bar - it is tungsten as the core with a layer of real gold on the outside.

It is rumored the majority of the gold that Hong Kong got out of London was Tungsten filled, 2 years ago. Insiders of the metal business say "Yes, it is true".  This fact has been hidden due to many reasons and one is to keep the price down. 

Here is the video showing a Tungsten filled bar out of Germany




Here is David Morgan  of Silver-Investor discussing how Silver and Gold bars are faked and how you may be able to tell if they are.



With this information, who knows how much real gold is out there and who knows if all the bars in the Comex and London are real or fake. Also I won't hold my breath in thinking Fort Knox actually has real gold bars in it, if there are even gold bars there at all.  In my non-expert opinion only small 1 ounce gold or silver pieces is what I would try to get.

Let those banks and big commercial organizations get those large bars of metals.  I would not trust those at all.   Especially when you see the Tungsten chart - you know the Metal Exchanges and Central Banks are working over time on getting out as much metal (not saying what kind of metal) out to meet the Gold and Silver demand!

Also, Link to Red Alert issued by Roger Wiegand to his peers in the gold and silver fields through an email, about what his high inside sources are saying about Gold Confiscation.

UPDATE 2/17/11 - My Interview with David Morgan on 2/17/11 about the RED ALERT email and the possible issues of Fake Gold and Silver being on the market.

Hong Kong Gold Shipment in Oct From U.S. - FAKE GOLD! This is the Real Take Down SHTF event when it comes out!

Hong Kong Gold Shipment in Oct From U.S. - FAKE GOLD! This is the Real Take Down SHTF event when it comes out!

This is a must read article, this is a continuation of postings below, but much more information.

Seems the U.S. has sold Fake Gold and Hong Kong found their bars were fake in October, filled with Tungsten!

This article is by one of my favorite people who I follow and read his very intelligent and truth articles! Jim Willie - if you don't read his things, you really need to!

Link to article:

Zinc Dimes, Gold Tungsten and Lost Respect

China Govt and M16 Confirm The Federal Reserve has been selling FAKE Gold For a Decade?

China Govt and M16 Confirm The Federal Reserve has been selling FAKE Gold For a Decade?

This article says it is confirmed the Federal Reserve has been selling FAKE Gold - Tungsten filled bars with a gold overlay.

I would think this will have to be talked about at some point by MSM, but then again - maybe not.

This article also says China is trying to buy 10000 tons of gold.

Article:

China quietly introduces new financial system

China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund will be based outside of China and will be controlled by prominent members of the Chinese overseas community. The gold purchase will take some time because of the logistics of transporting it and the Chinese wish to test it thoroughly. Both the Chinese government and MI6 now confirm reports that much of the gold sold by the Federal Reserve Board over the past decade is in fact gold plated tungsten.

For its part, the renminbi is now convertible with South American currencies, the rouble, Middle-Eastern currencies, the yen, South East Asian currencies and African currencies. “We will slowly introduce our new financial system in parallel with the old one and hope that people steadily migrate towards it,” the Chinese official says.

Meanwhile, the latest G20 meeting ended in acrimony and chaos. The leadership of the West is in total disarray and will remain so until the Federal Reserve Board’s bankruptcy becomes visible even to brainwashed section of the Western public. This is now expected by January or February. Both MI6 and a senior Chinese government source now predict the collapse of the Federal Reserve dollar by that time.

We are also hearing various reports that many Pentagon and other US alphabet suit agency figures with both US and Israeli citizenship have recently fled to Israel. Things are coming to a head.

How Real is all this? But this goes hand in hand with the previous information in an earlier post about the Fake Gold here., from another source.

the SHTF will LITERALLY Happen if all of this is True!

HAVE GOLD?

UH OH - How MUCH Fake Gold is Out There? This Could Be Huge - Imagine Prices, when Dust settles!

HOW MUCH FAKE GOLD IS OUT THERE?

Article:

http://www.financialsense.com/fsu/editorials/kirby/2009/1112.html

From Article:


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 [The Bank of England] 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 [at roughly $10 per pound] 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 [roughly 60 metric tonnes].

This was apparently all highly orchestrated by an extremely well financed criminal operation.

Within mere hours of this scam being identified – Chinese officials had many of the perpetrators in custody.

And here’s what the Chinese allegedly uncovered:

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”.

Makes one wonder if the Indians were smart enough to assay their 200 tonne haul from the IMF?

A Slow Motion Train Wreck, Years in the Making

An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan. 04 has always ‘stuck in my craw’:

DA investigating NYMEX executive - Manhattan, New York, district attorney's office, Stuart Smith - Melting Pot - Brief Article – 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 - 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.

We never have found out what happened to poor ole Stuart Smith – after his offices were "raided" – he took administrative leave from the NYMEX and he has never been heard from since. Amazingly [or perhaps not], 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 - all for nothing?

These revelations should provide a “new filter” through which Rothschild exiting the gold market back in 2004 begins to make a little more sense:

“LONDON, April 14, 2004 (Reuters) - NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, 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 a guess on my part, but suspect:”

*SOMETHING IS AMISS. THEY KNOW A BIG GOLD SCANDAL IS COMING AND THEY WANT NO PART OF IT. …”

“ROTHSCHILD WANTS OUT BEFORE THE PROVERBIAL "S" HITS THE FAN.” BILL MURPHY, LEMETROPOLE, 4-18-2004

FOR MORE OF THE ARTICLE PLEASE SEE THE LINK!

Okay - FAKE GOLD - all over the world!! Prices would plummet in the beginning of this getting fully out to the public - in my opinion! Because of the worry of what is real or not?! BUT once the Dust settles IMAGINE - What PRICES WILL BE!! The realization there is NOT AS MUCH GOLD AS THOUGHT IN THE WORLD - Will make prices go Through the Roof!!

*** Oh Yeah - Side NOTE*** YEP - This was ALSO predicted by the Web bot - last year - Fake Gold, Big problem - drop in price - BUT then sky rocket!!! I will remind everyone - the webbot prediction for precious metals is: GOLD - Buy Property type things with - SILVER - $600 to $800 per ounce! This is for Mid Next Year! (Oh, right, we are only 2 months away from starting 2010) GOT METALS?