Rob Kirby

“Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist”

I’ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the intermediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank – who DID NOT have the gold bullion that they had sold short and were contracted to deliver. At the same time I reported on two other unusual occurrences:

irregularities in the publication of the gold ETF - GLD’s bar list from Sept. 25 – Oct.14 where the length of the bar list went from 1,381 pages to under 200 pages and then back up to 800 or so pages.
reports of 400 oz. “good delivery” bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong.
Why Tungsten?

If anyone were contemplating creating “fake” gold bars, tungsten [at roughly $10 per pound] would be the metal of choice since it has the exact same density as gold making a fake bar salted with tungsten indistinguishable from a solid gold bar by simply weighing it.

Unfortunately, there are now more sordid details to report.

When the news of tungsten “salted” gold bars in Hong Kong first surfaced, many people

who I am acquainted with automatically assumed that these bars were manufactured in

China – because China is generally viewed as “the knock-off capital of the world”.

Here’s what I now understand really happened:

The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes].

This was apparently all highly orchestrated by an extremely well financed criminal operation.

Within mere hours of this scam being identified – Chinese officials had many of the perpetrators in custody.

And here’s what the Chinese allegedly uncovered:

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.
.................

J'ai quand même un gros doute sur cette "info".
Annoncer que dans les coffres des banques centrales mondiales il y a 16500 tonnes de faux lingots... Et que les chinois ont récupéré des faux lingots d'une autre banque centrale...
C'est soit l'info du siècle, soit un gros canular.
Je penche, pour le moment, pour la seconde option.

Dantec est fâché avec les zéros

Le reste sur lemetropolecafe.com

http://www.lemetropolecafe.com/chien_du ... m?pid=8206

Essai Gratuit pendant 15 jours.

U.S. Mint Annual Reports Correlate with Tungsten Filled Gold Bars

Bryant Blake

Rob Kirby’s unearthing of the potential huge gold bar salting news got me thinking about all of the changes in the way the U.S. Mint categorizes their holdings of treasury gold. The U.S. Mint’s annual reports can be accessed here http://www.usmint.gov/about_the_mint/in ... ual_report.

Before I get into the several changes in the Mint reports over the last decade, I have tabulated a table of the gold the Mint holds for the treasury for the years 1997 thru 2008. Up until 2000, all gold held by the Mint was categorized as “Custodial Gold”. Starting in 2001, the gold was broken down into operating inventory and working stock, the starting in 2005, the gold was broken down into deep storage and working stock.


U.S Mint Gold Holdings (Troy Ounces)


...

Deep Storage is defined as that portion of the U.S. Government-owned gold and silver Bullion Reserve which the Mint secures in sealed vaults. Deep Storage gold comprises the vast majority of the Reserve and consists primarily of gold bars.

Working Stock is defined as that portion of the U.S. Government-owned gold and silver Bullion Reserve which the Mint uses as the raw material for minting congressionally authorized coins. Working Stock gold comprises only about one percent of the Gold Bullion Reserve and consists of bars, blanks, unsold coins, and condemned coins.

Treasury allows the United States Mint to use its gold and silver as working stock. Generally, the United States Mint will replace its working stock when used in production with purchases of gold and silver on the open market. In those cases where the gold or silver is not replaced, the United States Mint reimburses Treasury the market value of the depleted gold or silver.

What do all of these changes mean, and how does it fit in with Mr. Kirby’s revelations? Starting in 2000, the gold was divided into 2 categories with the working stock available to the Mint consisting of only 1.2% of the total amount of gold. Now the following is a hypothesis, but the shoe seems to fit. If the gold in Fort Knox and West Point was swapped with counterfeit tungsten filled gold bars, then the government could not have the mint accessing the tungsten bars and melting them down for coinage. By dividing the gold into 2 categories and only allowing the mint access to 1% of the gold, no one would ever know about the crime. Not only would no one know, but any senators or foreign central banks that were granted visual access would see room after room of bars that looked and weighed just like gold.

Since this division was made in 2000, not one ounce of gold has been added to or removed from the total of the operating inventory/deep storage gold. If all this is not weird enough, since 2005, there has not been any change to the quantity of working stock gold. I have no idea how the Mint can manufacture 100’s of thousands of gold coins per year and the amount of working stock remains the same year after year.