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« Video: Occupy Chicago - March To Millennium Park | Main | Ron Paul: Audit The Gold At Fort Knox! (Monetary Policy Subcommittee: Video) »
Saturday
Oct012011

Tungsten Plated Gold Bars - Bob Chapman Implicates Robert Rubin & Larry Summers

Video - Bob Chapman on fake gold bars in Fort Knox

Here's a link with more information:

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Video:  Original German TV clip that Chapman refers to above...

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Reader Comments (16)

Gold is still not representative of wealth. Research the origin of coinage. The first form of currency were called "Kalends." Such money referenced time and not precious metals. If someone labored for an hour they were given a "token" with one line imprinted upon its surface. A kalend is a day or perhaps an hour. Time is money--gold and silver cannot substitute time.
Nov 16, 2010 at 3:16 AM | Unregistered Commenternate hate
If those "tokens" weren't made out of gold, silver, platinum or something similar they were as worthless as the paper the FED is now printing by the truckload.
Nov 16, 2010 at 12:07 PM | Unregistered CommenterSagebrush
The gold bars in the 2nd video from Germany are 500 g. The bars supposedly stored in NY and Fort Knox should be 400 oz. bars. I'm not sure how Bob Chapman, who's certainly knowledgeable about the gold market, is making the connection between the fake 500 g bar to Rubin and Summers. I've yet to see any evidence that a 400 oz. gold bar is filled with tungsten, which has the exact same density as gold (19.3 g/cc).
Jan 17, 2011 at 1:58 PM | Unregistered CommenterCheyenne
The death penalty (lawfully applied) is the only appropriate punishment for this crime. In fact that is exactly what the coinage act of 1790 called for.
Jan 17, 2011 at 2:36 PM | Unregistered CommenterAmerican Patriot
Lots of fake gold shows up in Hong Kong

http://www.gata.org/node/9369
Jan 17, 2011 at 3:47 PM | Registered CommenterDailyBail
The value of gold is dependent upon many things, but most importantly are those related to emotional factors and sentiment. Here are some questions that you can think about.

Would you pay ~1,400 / oz for gold today? (fees included)

Would you pay $700 / oz for gold 6 months from now?

If society collapsed, what would you do with your gold?

If the USD collapsed, what would you do with your gold?

So if you buy (or bought) gold at $700 / oz, and the USD collapses and your gold is worth $5,000 / oz, what are your tax liabilities? What are reporting requirements?

What would you do if the US government, or the IMF/BIS/UN (who really are running the shew), wanted to confiscate your gold because another emergency banking act was implemented (like 1933)? Would you die for your gold.

Do you realize how detectable gold is being a metal compound? Do you realize that most of today's mining exploration is done from space? Do you really think you can hide your gold from "the authorities"?

Do you feel gold gives you an advantage into today's world over the average Joe Blow who does not own gold?

Why do you like gold?

I would love to see how people answered these questions before I reveal the truth of the matter.
Jan 17, 2011 at 6:36 PM | Unregistered Commenterdogismyth
Amateurish. Allow me.

(1) Yes.

(2) Yes.

(3) That was incomprehensible. Try again.

(4) See id.

(5) Yes.

(6) Because there's never been a culture that didn't immediately recognize gold as money. Also, please read Ian Fleming's take on gold, via Colonel Smithers, in Goldfinger. It's roughly page 47, but that kush from Afghanistan has me reeling.

Get a clue.
Jan 17, 2011 at 8:51 PM | Unregistered CommenterCheyenne
Tis easier to plate tungsten or lead than polish a turd.

http://www.huffingtonpost.com/2011/01/16/summers-obama-jobs-recession_n_809741.html

[snip]

"The prospects for starting to see significant employment growth and reductions in unemployment right now are better than they've been in the United States in a number of years," said Larry Summers, who recently left the White House as director of the National Economic Council.
Jan 17, 2011 at 10:37 PM | Unregistered Commenterjohn
Flashback:

Hearing Date Set for GATA's Lawsuit Vs. Greenspan, Summers, and Bullion Banks.

http://www.allbusiness.com/legal/antitrust-trade-law-price-fixing/6110864-1.html

[snip]

The defendants in the GATA/Howe lawsuit are: the Bank for International Settlements; Alan Greenspan, chairman of the Board of Governors of the U.S. Federal Reserve System and a director of the BIS; William J. McDonough, president of the Federal Reserve Bank of New York and a director of the BIS; five major bullion banks, J.P. Morgan & Co., Chase Manhattan Corp., Citigroup Inc., Goldman Sachs Group Inc., and Deutsche Bank; and Lawrence H. Summers, former secretary of the treasury, who by law exercised control over the U.S. Exchange Stabilization Fund, subject only to approval by the president.
Jan 17, 2011 at 11:16 PM | Unregistered Commenterjohn
If anyone has ever been around Tungsten .First it is not cheap and second i could tell in a
very simple test if it was plated tungsten .
Drop the bar and see if it breaks tungsten is exact opisite of gold it will break very very easy
it is so brittle .I use tungsten to weld all the time.
Jan 18, 2011 at 1:19 PM | Unregistered CommenterJTS
hey jts...thanks for the tip...good to see you...
Jan 19, 2011 at 5:12 AM | Registered CommenterDailyBail
JTS is right, tungsten welding electrodes are brittle, however they don't always break when dropped. I suspect a thicker chunk of tungsten, clad in soft gold, would be unlikely to break on a concrete floor and certainly not on a carpeted floor.

And I'd imagine the ductility difference between gold and tungsten would be very much less if the fake bar's internal slug were a mix of tungsten powder and gold.
Apr 7, 2011 at 6:18 AM | Unregistered CommenterFrank
I followed this a year ago and it lead to the HE-SHE, Clintons, that were behind this shit. Hey...............ya gota pay for them-thAre guns-&-drugs, some how............?

Not only that, fake gold bars are all over the globe, and them-thAre goverments aint to happy finding out the Americam Goverment, & "The Clintons", are behind all of this.............................

I forgot all about this shit, its been 12-15 mo. when it was all over the underground................?
Apr 27, 2011 at 9:47 PM | Unregistered CommenterTexas Dar
Of course nothing of value will be left in the USA-because everything of value is being removed, why? because yellowstone is going to blow. TPTB do not consider any of you valuable-since without manufacturing there-every piece of equipment is shipped over seas--they don't need you as consumers anymore-and that is all they needed you for. Ever since NASA found out-it began-the end of the USA, yellowstone is going to blow-there is no question-just when-and when nothing at all is left here-no art in the museums no holy relics in the churches-etc., then you will know they knew well ahead, and kept it from you. They don't care if you have no jobs-no homes and you starve-they know you are all about to die, and nothing will be left-almost anything they value-such as gold(9-11) has been removed-they still want to sell some things to foreign powers who have no clue-to borrow lots of money from other powers-to invade and steal all they can from lesser powers, there will be no USA soon.
Oct 20, 2011 at 12:34 AM | Unregistered Commenterjenchen
Sigh. Once again, somebody's floating this old story, possibly with the agenda of scaring the ignorant out of investing in physical gold. No report on how many bars were found, no report on where they came from other than "From the UK".

Large mass (like 1 kilo) bars can't spring into existence from nowhere. They all come from reputable places.

And if worst came to worst, get a 1/2mm drill-bit, and drill a few mm into the bar to check the core. No need to buy an expensive ultrasound device. You'd only be reducing the mass by a few tenths of a gm. And it's so ductile, you could simply hammer the shavings back into the hole when you were finished, using the same drillbit.

My guess is that somebody's pushing this story once again to try to promote coin sales over bullion. The margin is generally better for coins. I'm lucky, my dealer will let me pick Krugerrands or bars same price.
Oct 20, 2011 at 8:42 AM | Unregistered CommenterJoe
It is all here on how to make fake gold bars and test for fake gold bars......

http://www.aegisjournal.com/due-diligence/asset-location-and-due-diligence-how-to-make-fake-gold/2011/07/
Nov 28, 2011 at 2:15 PM | Unregistered CommenterFEE

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