Bob Chapman on the Gold Plated Tungsten Bars Scandal

Gold Counterfeiting: German TV discovers 500g Tungsten bar from bank

Bob Chapman returns on the Tungsten Gold plated bars scandal after a German TV have found a Tungsten bar sold as gold and professionally counterfeited , Bob Chapman advises against Gold bars if you are not able to check them out very carefully , he prefers coins to bars

German ProSieben TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin

From my estimate, 500 grams (or about 17.63 ounces) of gold at spot should be about $20,000 (US) instead of just over $20 (US) that Tungsten would be worth. That’s quite a rip-off. Via Infowars

Tyler Durden
Zero Hedge
March 2, 2010

German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world’s largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that “not all the glitters is gold.”

Full clip after the jump.

Oil Heading to $90 thanks to emerging Markets and tensions in the Middle East says OGrady

O'Grady Says Oil at Mid-$90 Mark `Distinct Possibility'

March 8 (Bloomberg) -- Bill O'Grady, chief market strategist at Confluence Investment Management, talks with Bloombergs Mark Crumpton about drivers of the oil market and the outlook for prices. O'Grady also discusses the appeal of investing in commodities over currencies in the current environment. (Source: Bloomberg)

Bob Chapman : The world is going into economic darkness for years far worse than the 1930s , hold to Gold and Silver or you will end up with Nothing

Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday and the Stock market will crash by the end of this year

Get your cash out of CDs annuities the stock market and the banks ,insurances will go down , the stock market will collapse 500 banks this year will go belly up and two to three thousands banks will go bankrupt in a couple of years , we will have inflation and hyperinflation , business failing no availability of funds and Bank Holiday , the plug is going to be pulled on the 19 bankrupt countries (including the United States ) and the European Union will implode , that was pretty much the message of bob Chapman

Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday ande the Stock market will crash by the end of this year
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.

Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.

Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt

Living prehistoric animals - Video

A German research team recently returned from an expedition to the Great Barrier Reef off the coast of Australia. It made some spectacular discoveries: organisms that have existed for more than 65 million years, and have hardly changed since the age of the dinosaurs. The team discovered some of these living fossils in the shallow reefs, others in deeper hollows using a remote-controlled submarine. This enabled them to compare living members of the nautilus family with their extinct ancestors. The research has opened a window onto the past, with views of geological and evolutionary history.

Invest in Hindustan Zinc, says PN Vijay

Invest in Hindustan Zinc, says Portfolio Manager, PN Vijay.