Saturday, July 20, 2013
Gold Bars Royal Canadian Mint .9999 Gold Bullion
Gold bullion for sale, Royal Canadian Mint .9999 Bars. Online US precious metals coin dealer buying and selling brand new RCM Bars. Other hard money, Gold, Silver, Platinum, and Palladium options for collectors and investors include, American Eagles, Ohio Precious Metals, Canadian Maple Leafs, British Sovereigns, Mexican Pesos, Australian Kangaroos, Austrian 100 Coronas, 1 Oz South African Krugerrands, Chinese Panda Coins, Austrian Philharmonics, Perth Mint coins, Ohio Precious Metals, JM, NTR Metals, Academy, Sunshine Minting, A-mark, Johnson Matthey, Silvertowne, 10oz, 100oz bars, 1 Oz rounds. We are available to take new orders on all holidays and every weekend, 24 hours a day, 7 days per week. We only ship within the U S A, and offer free overnight shipping. 20 oz minimum gold orders or 500 ounces of silver. We do not make recommendations. We have no telemarketers. We have no commissioned salesmen. We think you should buy or sell what you want, when you want. At the Tulving Company we are bullion order takers. In 2010 our precious metal sales were over 370 million. We do not accept credit cards. Visit http://www.tulving.com/goldbull.html or call us at 800-995-1708 to speak to an ordering representative.
FAKE PAMP SUISSE Tungsten Filled Gold Bars found in NYC. Is your gold bullion real?
FAKE PAMP SUISSE Tungsten Filled Gold Bars found in NYC. Is your gold bullion real?
A few days ago, our report on the discovery of a single 10 oz Tungsten-filled gold bar in Manhattan's jewelry district promptly went viral, as it meant that a tungsten-based, gold-counterfeiting operation, previously isolated solely to the UK and Europe, had crossed the Atlantic.
The good news was that the counterfeiting case was isolated to just one 10 oz bar. This morning, the NYPost reports that as had been expected, in the aftermath of the realization that the sanctity of the gold inventory on 47th Street just off Fifth Avenue has been polluted, and dealers promptly check the purity of their gold, at least ten more fake 10-ounce "gold bars" filled with Tungsten have been discovered. The Post has learned as many as 10 fake gold bars — made up mostly of relatively worthless tungsten — were sold recently to unsuspecting dealers in Manhattan's Midtown Diamond District. The 10-oz. gold bars are hugely popular with Main Street investors, and it is not known how many of the fake gold bars were sold to dealers — or if any fake bars were purchased by the public.
As is to be expected, the Post story is weak on details: after all, any dealer who admits to having allowed Tungsten to enter his or her inventory can kiss their retail business goodbye, as customers will avoid said Tungsten outlet like the plague, for the simple reason that suddenly counterparty risk has migrated from Wall Street to the Diamond District. The one named dealer is the same one who already made an appearance in the previous story on Tungsten in gold's clothing. One gold dealer discovered that four of the 3-inch-by-1-inch gold bars he bought — worth about $72,000 retail — were counterfeit. "It has the entire street on edge," said Ibrahim Fadl, 62, who has been the owner of Express Metal Refining, a Midtown gold-refinery business, for the last 11 years. "I and the others on the street work off of trust; now that trust is strained." Fadl, a Columbia University graduate with a master's degree in chemical engineering, and who has more than 40 years in the industry, purchased the four fake bars from a well-known Russian salesman with whom he has done business.
Ah yes, those pesky Russians: always happy to do the Fed's bidding, because who really gains from the loss of confidence in physical gold? Fadl became suspicious when he offered the salesman a deep discount for the investment-grade gold bars and he quickly accepted it, a source tells The Post. Fadl said he did his due diligence "by X-raying the bars to ascertain the purity of the gold and weighing the bars, and the Swiss markings were perfect." Tungsten is an industrial metal that weighs nearly the same as gold but costs a little over $1 an ounce. Gold closed Friday at $1,774.80 an ounce.
We wish Fadl all the best in his liquidation sale. Others, for logical reasons, are far less willing to step forward: A second 47th Street refiner, who wished to remain anonymous, said he was burned recently when he bought six gold bars that turned out to be mostly tungsten, with just a gold veneer. He would not comment, though, on who sold him the bogus bars.
The counterfeiting so far appears to have impacted solely PAMP (Produits Artistiques Métaux Précieux ) gold bars, madeby MTB, whose CEO can hardly be too happy that some "Russian" has made it a life mission to destroy the credibility of any gold stamped with the PAMP stamp. Raymond Nassim, CEO of Manfra, Tordell & Brookes, the American arm of the Swiss firm that created the original gold bars — with their serial number and purity rating stamped clearly into them — said he reported the situation to the US Secret Service, whose jurisdiction covers the counterfeiting of gold bars. He said his company "is supporting and cooperating with authorities any way we can." Nassim thought the culprit must be a professionally trained jeweler to have pulled off the caper. "The forger had to slice the original bar along the side, hollow out the gold and insert the tungsten ingot, and then reseal and polish the bar, Nassim said.
The case of gold counterfeiting has already taken NYC by storm:
A few days ago, our report on the discovery of a single 10 oz Tungsten-filled gold bar in Manhattan's jewelry district promptly went viral, as it meant that a tungsten-based, gold-counterfeiting operation, previously isolated solely to the UK and Europe, had crossed the Atlantic.
The good news was that the counterfeiting case was isolated to just one 10 oz bar. This morning, the NYPost reports that as had been expected, in the aftermath of the realization that the sanctity of the gold inventory on 47th Street just off Fifth Avenue has been polluted, and dealers promptly check the purity of their gold, at least ten more fake 10-ounce "gold bars" filled with Tungsten have been discovered. The Post has learned as many as 10 fake gold bars — made up mostly of relatively worthless tungsten — were sold recently to unsuspecting dealers in Manhattan's Midtown Diamond District. The 10-oz. gold bars are hugely popular with Main Street investors, and it is not known how many of the fake gold bars were sold to dealers — or if any fake bars were purchased by the public.
As is to be expected, the Post story is weak on details: after all, any dealer who admits to having allowed Tungsten to enter his or her inventory can kiss their retail business goodbye, as customers will avoid said Tungsten outlet like the plague, for the simple reason that suddenly counterparty risk has migrated from Wall Street to the Diamond District. The one named dealer is the same one who already made an appearance in the previous story on Tungsten in gold's clothing. One gold dealer discovered that four of the 3-inch-by-1-inch gold bars he bought — worth about $72,000 retail — were counterfeit. "It has the entire street on edge," said Ibrahim Fadl, 62, who has been the owner of Express Metal Refining, a Midtown gold-refinery business, for the last 11 years. "I and the others on the street work off of trust; now that trust is strained." Fadl, a Columbia University graduate with a master's degree in chemical engineering, and who has more than 40 years in the industry, purchased the four fake bars from a well-known Russian salesman with whom he has done business.
Ah yes, those pesky Russians: always happy to do the Fed's bidding, because who really gains from the loss of confidence in physical gold? Fadl became suspicious when he offered the salesman a deep discount for the investment-grade gold bars and he quickly accepted it, a source tells The Post. Fadl said he did his due diligence "by X-raying the bars to ascertain the purity of the gold and weighing the bars, and the Swiss markings were perfect." Tungsten is an industrial metal that weighs nearly the same as gold but costs a little over $1 an ounce. Gold closed Friday at $1,774.80 an ounce.
We wish Fadl all the best in his liquidation sale. Others, for logical reasons, are far less willing to step forward: A second 47th Street refiner, who wished to remain anonymous, said he was burned recently when he bought six gold bars that turned out to be mostly tungsten, with just a gold veneer. He would not comment, though, on who sold him the bogus bars.
The counterfeiting so far appears to have impacted solely PAMP (Produits Artistiques Métaux Précieux ) gold bars, madeby MTB, whose CEO can hardly be too happy that some "Russian" has made it a life mission to destroy the credibility of any gold stamped with the PAMP stamp. Raymond Nassim, CEO of Manfra, Tordell & Brookes, the American arm of the Swiss firm that created the original gold bars — with their serial number and purity rating stamped clearly into them — said he reported the situation to the US Secret Service, whose jurisdiction covers the counterfeiting of gold bars. He said his company "is supporting and cooperating with authorities any way we can." Nassim thought the culprit must be a professionally trained jeweler to have pulled off the caper. "The forger had to slice the original bar along the side, hollow out the gold and insert the tungsten ingot, and then reseal and polish the bar, Nassim said.
The case of gold counterfeiting has already taken NYC by storm:
Gold, Silver gain on fresh Demand
Gold surged to Rs 27,300 per ten grams, silver appreciated to Rs 40,730 per kg
Both the precious metals, gold and silver gained in the national capital on Friday on fresh buying by stockists amid a firm global trend.
While gold surged by Rs 275 to Rs 27,300 per ten grams, silver gained Rs 295 to Rs 40,730 per kg on increased offtake by jewellers and industrial units.
Sentiments bolstered after gold surged to a three-week high in global markets, as Federal Reserve Chairman’s comments that stimulus may be maintained spurred demand for the metal.
Gold in London, which normally sets the price trend on the domestic front, appreciated 0.3 per cent to USD 1,287.69 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity zoomed up by Rs 275 each to Rs 27,300 and Rs 27,100 per ten grams, respectively.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Gold Standard? China reportedly planning to back the Yuan with Gold
According to media reports of early July, the People's Bank of China is mulling the possibility of phasing out the dollar as the reference currency for the yuan exchange rate, and to start using gold as the reference point.
The reports have not been confirmed officially, but analysts are warning that the step, if taken, will weaken the yuan and destabilise China's already troubled economy, ultimately provoking a new bout of the economic crisis worldwide.
Beijing's possible move to back the yuan with gold would not be meant as a strategic measure to strengthen the national currency and increase its attractiveness as an investment medium. Rather, it would be a flaunt aimed at demonstrating to the world (and to the USA in particular) that China is capable of taking the risks associated with a departure from the dollar standard. Experts warn however that, apart from benefiting no-one, such a decision may actually have catastrophic consequences.
Separating the yuan exchange rate from the US dollar may further weaken the American currency in the long run; in addition, China's monetary policy would become very much restricted, believes Evgeny Nadorshin, chief economist at AFK Sistema.
"The yuan will start fluctuating severely against the dollar and other major reserve currencies. This will affect the Chinese economy, which currently has serious problems as it is: the export revenues are falling, and the statistics for freight traffic and electricity consumption indicate a significant slowdown in business activity," says Aleksandr Golovtsov, head of the research department at UralSib Asset Management.
Possible effect on Russia
When it comes to discussing possible consequences for Russia however, opinions differ. Aleksandr Osin, chief economist at Finam Management, actually believes Moscow could benefit from a gold-backed yuan because this would help Russia in its economic relations with China.
On the other hand, the greatest danger to Russia being highlighted by most experts would be an increase in competition from Chinese commodities, which will be offered more aggressively in the export market due to the shrinking of domestic demand. "China's demand for Russian raw materials, in particular for crude oil, metals and fertilisers, will be growing at a slower pace [than is currently the case]," Golovtsov notes.
Read more: http://rbth.asia/business/2013/07/17/...
Vanishing Dead, UFOs & Open Lines - July 19 2013 - Coast to Coast Am - C2CAM Date: 07-19-13
Vanishing Dead, UFOs & Open Lines - July 19 2013 - Coast to Coast Am - C2CAM Date: 07-19-13
George Noory interviews Joshua P. Warren, Open Lines Follow.
About the show:
George Noory welcomed paranormal investigator Joshua P. Warren, who reported from Puerto Rico on bodies vanishing from local cemeteries and how it could be related to UFO/alien activity on the island. Open Lines followed.
News segment guests: Mitch Battros / Peter Davenport
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