It seems like everybody is selling gold now. Right, Left, Republican, Democrat - everybody's buying or selling gold. Oops! Here comes the punch bowel again.
A lot of gold is laced with tungsten. India just got the gold finger rip off and Ft. Knox has some funny gold now too.Actually, 16 tons of tungsten laced gold bars are floating around. Tungsten costs around $10 a pound - ouch! Is this why the Rothschild's pulled out of the gold market in 2004?
Roughly 15 years ago during the Clinton administration, allegedly between 1.3 and 1.5 million 400 oz. Tungsten blocks were allegedly manufactured (more than 16,000 metric tons); 640,000 of those tungsten blanks were caused to be plated with gold and shipped to Ft. Knox. The balance of the gold plated blocks 1.3 to 1.5 million 400 oz. bars were allegedly sold onto the world market. Apparently, the world market is literally stuffed full of 400 oz. Tungsten salted bars.
Moral of the story: If your holding gold you better better check it out fast.
But that's not a problem for us peasants. The best we can do is melt down our pennies.
