Gold-plated tungsten bars scandal is about to erupt
it looks that a big part of Gold bars in Banks vaults are in fact tugsten plated gold , the scandal is just starting to leak and it could cause the burst of the Gold bubble , if the general public starts losing faith in the gold not being able to spot the real from the fake cause it wouldn't be too difficult to make convincing fake gold bars out of gold-plated tungsten (which costs $30 a pound compared to $12,000 a pound for gold).
why would this cause a 'burst' in the 'gold bubble'? if there is actually less gold than previously thought, then that would cause the real gold to be worth more, and the fiat currencies to be worth less. if there are any bubbles burst, it should be the fiat currency bubbles in the world. right???
ReplyDeleteSource of radio interview would be helpful, when and who.
ReplyDeleteThis interview sounds real but no names, no introduction, no time and date announced by these two fellows.
ReplyDeleteA scam or the truth. Very hard to know.
This interview sounds real but no names, no introduction, no time and date announced by these two fellows.
ReplyDeleteA scam or the truth. Very hard to know.
I too wonder why you'd conclude this "could cause the burst of the Gold bubble". Less supply should equal higher price, but then we are talking about the gold market...
ReplyDeleteIn the long term you would probably see the price of gold rise on this news... in the short term you will see a lot of panicky investors dumping. And we've seen how that tends to snowball.
ReplyDeleteI can't imagine this is not a hoax. There are so many checks and balances on the sale of gold that a situation like this is highly unlikely.
ReplyDeleteHigher prices, not lower.
ReplyDeleteTesting gold isn't difficult. I see this as a problem for the US dollar, not gold.
Higher prices, not lower.
ReplyDeleteTesting gold isn't difficult. I see this as a problem for the US dollar, not gold.
Jess thank you 4 your service then, & now. Shane Devins
ReplyDeleteIt would burst the market if an audit/assay revealed that the bars were plated. Fraud will always unsettle a marlet specifically speculation on futures. It would be smilar to what happened in the credit markets when it ws revealed that the mortgage securities were backed by insolvent CDOs.
ReplyDeleteNo one would be able to accept gold certificates
only tactile confirmed gold bars
It would burst the market if an audit/assay revealed that the bars were plated. Fraud will always unsettle a marlet specifically speculation on futures. It would be smilar to what happened in the credit markets when it ws revealed that the mortgage securities were backed by insolvent CDOs.
ReplyDeleteNo one would be able to accept gold certificates
only tactile confirmed gold bars
This certainly would not burst the 'gold bubble' If this is widespread, gold can run much farther.
ReplyDeleteI believe the report is speaking indirectly of the gold paper markets such as the ETF's and COMEX market being the 'bubble' that would crash and not owners of physical coin and bullion holders. The investments made into these markets would become worthless, not the value of gold iteslf. The only way gold would drop in value would be due to massive deflation as a result of world wide ecconomic collapse / war. If this story IS true I could see where that in itself would be sufficient to preciptate such a collapse.
ReplyDeleteNo way this could burst any 'gold bubble'. If a significant part of the 'gold' in IMF / Central bank vaults is found to be worthless tungsten, the real gold will go UP in value, not down.
ReplyDeleteTungsten is hard, right? I think using a hammer and try to dent the bars would be a nice, non-destructive way to test them.
No way this could burst any 'gold bubble'. If a significant part of the 'gold' in IMF / Central bank vaults is found to be worthless tungsten, the real gold will go UP in value, not down.
ReplyDeleteTungsten is hard, right? I think using a hammer and try to dent the bars would be a nice, non-destructive way to test them.
If there has been any wrong doing, it would have occurred soon after the war. This was the period where returning Generals and high ranking soldiers have been introduced to gold during raids on banks. Most of the loot found its way into swiss banks. The stolen gold would have been replaced with 'tungstenites'!! and no-one would be any wiser, not until the Bank of England decided to sell gold!! Jeez, that hurt, and of course, the gold bubble would happen!
ReplyDelete