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How Much of the World’s Gold Supply Is Salted with Tungsten and Steel?
By Martha Rose Crow, M.S.
Because I manage 103 blogs, people send me many articles and bits of information. A lot of it is stuff I’ve seen or read before or can't use, but sometimes something ‘golden’(pun and metaphor intended) crosses my desk that sticks in my head and won’t go away.
Two days ago, someone sent me an important article. Besides posting the article (‘On Doing God’s Work’ by Ron Kirby) on my ‘Evil Economics’ blog http://evileconomics.blogspot.com, I didn’t know how else to share the information but write this article and send it out into the world.
Most people on the planet know that Congress and the Obama administration have not yet really tried to investigate the corruption on wal-street (caustic pun and metaphor intended) and/or bring the cabal of criminals to justice --plus enact laws such as another Glass-Segal Act to prevent another such widespread scale of economic crisis and corruption in the future.
Proof of this is in a plethora of articles everywhere, including the New York Times article, ‘Why Won't Obama Draw a Line in the Sand and Take on the Wall Street Wrecking Crew? http://moveobama.blogspot.com/2009/11/why-wont-obama-draw-line-in-sand-and.html
There are many reasons for those in government power to resist the anti-corruption changes that 99%+ of the public want.
For example wal-street’s agents (notably, Goldman Sachs’ agents) are embedded in all government halls of economics, plus all halls of lobbying. In an invisible ‘revolving door’, elite wal-street bankers/employees move back and forth between choice bank and federal government positions. A good article about this is ‘Goldman Sachs In Government - Government in Goldman Sachs’ at http://www.goldmansachs666.com/2009/10/goldman-sachs-in-government-government.html
Lobbyists make sure that congress, the senate and other government officials keep it sweet for the captains of corruption (Lobbyists Influence Financial Reform- http://www.google.com/hostednews/ap/article/ALeqM5iZnfNIDibBZ2lgBu_KVRX_wauO2AD9BCKQJG1
Almost half of Congress are millionaires (Nearly Half of Congress Millionaires While Only Earning 6 Figures- http://www.opednews.com/articles/Nearly-Half-of-Congress-Mi-by-Grant-Lawrence-091107-574.html and thus are embedded in the System to keep it ‘business as usual’ for the established and entrenched status quo.
It is almost impossible to get selected for entry into the elite groups that run for high government offices unless you are an elite. Obama himself, one of the ‘poorest’ of these members skirted the multimillionaire requirement by raising most of his campaign funds through the Internet. His wealth has come mostly from his book sales or so we are told.
But the majority of high office seekers already have eight figures or more at their behest, comprising a class elite that further profits, after election, from deals and schemes usually disguised as ‘pork barrel projects’or the result of ‘good connections’.
The richest ‘members of the government houses’ are the foxes guarding the chicken coop or the ‘public bank’ from which they steal in the name of the law, or in the name of the law of power and privilege.
And of course, these agents of chaos, destruction and selfishness see no problem with their anti-human, psychopathic behavior. Somehow, they ‘know’ better and have ‘greater wisdom’ than the rest of us. Of course, these ‘sacred executioners’ are rewarded handsomely for keeping worldwide economic systems corrupt for their masters who reign above them, including their sychophantic allegiance to their interpretation of ‘god’.
Goldman Sachs CEO Lloyd Blankfein believes he is doing ‘God’s Work’ http://www.huffingtonpost.com/2009/11/07/goldman-sachs-ceo-lloyd-b_0_n_349620.html.
And in this vein of doing ‘God’s Work’ comes an article with a similar name. This alarming article is called ‘On Doing God’s Work’ by Ron Kirby- http://news.goldseek.com/GoldSeek/1258049769.php,
Kirby reports about irregular gold settlements which occurred in London during the first week of October, 2009.
Apparently, the ‘gold bars’ were partially made of gold.
It's an old scam that's been around for centuries. In this case, the centers of the bars were gutted and filled with tungsten, a very heavy, relatively cheap industrial metal that is about 9% lighter than gold.
Some myths say that tungsten and gold weigh the same, but they don’t. The atomic number for gold is 196.9. and the atomic number of tungsten is 183.8.
Fortunately for gold fraudsters, tungsten is as dense as gold, making it difficult to detect the slight weight difference. This weight difference, however, should have been noticed, as gold bars are supposed to be weighed whenever they are moved to a new location.
In ‘On Doing God’s Work’, Kirby writes:
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”.
Another similar fraud like this turned up in Ethiopia in March of 2008. It should be noted that Ethiopia is the second poorest nation on the planet (Burundi takes first place).
In ‘Fake Fears Over Ethiopia’s Gold’ http://news.bbc.co.uk/2/hi/africa/7294665.stm, Elizabeth Blunt writes that Ethiopia’s national bank had been told to inspect all the gold in its vaults to determine its authenticity because some of the gold that it bought was gold-plated steel.
Almost two weeks later, Elizabeth Blunt reported that 26 people were arrested for the gold fraud http://news.bbc.co.uk/2/hi/7315137.stm.
In 1933, President Roosevelt made it illegal for U.S. citizens to own gold bullion. Most nations have made similar laws.
Basically, the only private gold ownership allowed to people is ownership in jewelry or coins like the English sovereign or South African krugerrand.
The problem is that most "gold purchases" by private individuals are really paper purchases. If ‘paper gold’ is based/backed upon the tungsten ‘fool’s gold’ that central banks and governments are trying to keep secret, how deep does this go? And if so, where did the real gold go and/or did it ever exist? Is this another gigantic fraud going on here, like the other ponzi and shadow/dark pool money scams of wal-street?
Many investors and commodity brokers are aware of the fraud in selling paper gold bullion (How much imaginary gold has been sold? - http://privateequityevil.blogspot.com/2009/11/how-much-imaginary-gold-has-been-sold.html).
Adrian Douglas writes in his October 10, 2009 article, ‘The explosive dynamics of the gold and silver markets’ http://www.gata.org/node/7887:
“… Paper substitutes for gold are sold, instead of real gold, through derivatives, futures, pooled accounts, exchange-traded funds, gold certificates, etc. I estimate that each ounce of gold has been effectively sold 20 times over or more. To maintain this Ponzi scheme, some real gold is required, because some investors or jewelers demand to take possession of real gold. For the scam to be sustained there must always be plentiful physical gold for those who want it.
This physical supply has been met from mine supply and central bank leasing and selling.
The market is in effect a giant inverted pyramid with a huge paper gold market being supported above a small amount of physical gold at the tip of the inverted pyramid. The scam can continue until there are indications of a shortage of physical gold. If the 20 or so claimants of each ounce of real gold demand their gold, there is the potential for a squeeze such as never been seen before…”
In 2008, one country amassed a very large new supply of gold: Russian gold and hard currency reserve holdings hit a record 483.9 billion US dollars, an increase of 2.6 billion US in a single week. Did the Russians find out which gold was ‘good’ and buy it out? Or did they get scammed? Their stocks’ behavior might be worth watching for clues.
Interestingly, as of late September 2008, we saw the US Federal Government beginning to limit the access of ordinary citizens to gold bullion coins - by withdrawing new bullion coins from circulation.
Did the US government have to make up for a sudden "short" supply? More, could some gold coins be as tainted as the bullion in some banks? Where does this all go and who in authority can we believe when ‘western-style’ economics and its leaders can be so greedy, unethical, criminal and evil?
All over the world, people and nations have been buying gold to protect themselves from the coming economic darkness that is being conjured up by the evil wizards of wal-street. Now it seems that gold won’t protect them, either, if gold has been alchemically polluted and tempered with tungsten, steel, hype and bubbles by ‘appointed’ elite males who actually believe they are doing ‘God’s Work’.
The Smirking Chimp blog ran part of an article from www.borowitzreport.com called ‘“Goldman Sachs Not Doing "God's Work," Says Satan’ by Andy Borowitz (November 10, 2009)
The article must have come too close to the Truth. Neither the article or the website will pop up for me. You can read part of it at http://www.smirkingchimp.com/thread/24861
Maybe Satan doesn't want the world to know which ‘god’ the masters of economic disasters really serve so he cut off the two URL’s.
To see a list of most of my blogs, go to http://martharosecrow.blogspot.com
I can be contacted at firstname.lastname@example.org
They are confidant that the Russian Federation will once again, as in the past, ‘bluster and object’ to Western expansionist moves but will ultimately capitulate. If these calculations are wrong, if the West goes through with financial and energy sanctions and President Putin makes a robust riposte, we are heading into the eye of a new political storm in which a polarized world will witness new class, national and regional conflicts.
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