Self-evident Economy

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Gold (or lack thereof)

From zerohedge.com, another gold bar has been found filled with tungsten rods. The last gold bar like this was found only two years ago.

The last time a story of Tungsten-filled gold appeared on the scene was just two years ago, and involved a 500  gram bar of gold full of tungsten, at the W.C. Heraeus foundry, the world’s largest metal refiner and fabricator. It also became known that said “gold” bar originated from an unnamed bank. It is now time to rekindle the Tungsten Spirits with a report from ABC Bullion of Australia, which provides photographic evidence of a new gold bar that has been drilled out and filled with tungsten rods, this time not in Germany but in an unnamed city in the UK, where it was intercepted by a scrap metals dealer, and was supplied with its original certificate. The reason the bar attracted attention is that it was 2 grams underweight. Upon cropping it was uncovered that about 30-40% of the bar weight was tungsten. So two documented incidents in two years: isolated? Or indication of the same phenomonenon of precious metal debasement that marked the declining phase of the Roman empire. Only then it was relatively public for anyone who cared to find out on their own. Now, with the bulk of popular physical gold held in top secret, private warehouses around the world, where it allegedly backs the balance sheets of the world’s central banks, yet nobody can confirm its existence, nor audit the actual gold content, it is understandable why increasingly more are wondering: just how much gold is there?

Tungsten-Filled 1 Kilo Gold Bar Found In The UK

Many people “trust” central banks like the Federal Reserve to manage everything about our monetary supply. Luckily for the United States, our government holds the worlds largest reserve of gold. So even if the Federal Reserve prints money like there is no tomorrow, we still have a large sum of gold backing those new dollars. But what if we actually don’t? What if the gold bars that the public and Congress are not allowed to see (yes, not even members of Congress are allowed to audit the amount of gold the U.S. has), are mostly filled with tungsten rods too?

Filed under gold Federal Reserve tungsten

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