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A recent discovery — in October of 2009 — has been suppressed by the main stream media but has been circulating among the “big money” brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox — the US Treasury gold — that is the equity of our national wealth. In short, millions (with an “m”) of gold bars are fake!
Originally posted by Quickfix
reply to post by bsbray11
The Chinese whom were paid in gold, because the U.S. gets credit from the Chinese and the U.S. is the debtor.
The Chinese took samples of the gold and found aroun 5,600 - 5,700 gold bars were tungsten bars with gold coating.
Originally posted by FritosBBQTwist
Wait let me get this straight.
We as a country can say we have gold bars (which may be fake) and the system runs fine.
But if people find out they are fake will markets crash?
I find THAT a very naive system. I think the whole gold standard is a thing of the past and the markets are balanced now by electronic numbers which IMO (ignorant at that) are more stable than a gold currency.
"Oh look, we raided your gold vault. Now your country is poor!"
The same goes for paper money. Soon it will be completely replaced by card. Paper/coin are just a part of the worlds heritage so that is why we are not seeing them go away.
Originally posted by FritosBBQTwist
Wait let me get this straight.
We as a country can say we have gold bars (which may be fake) and the system runs fine.
But if people find out they are fake will markets crash?
I find THAT a very naive system. I think the whole gold standard is a thing of the past and the markets are balanced now by electronic numbers which IMO (ignorant at that) are more stable than a gold currency.
"Oh look, we raided your gold vault. Now your country is poor!"
The same goes for paper money. Soon it will be completely replaced by card. Paper/coin are just a part of the worlds heritage so that is why we are not seeing them go away.