Dean in az again,just wanted to see if anyone else has heard this rumor.Apparently,15 year’s ago or so,the US gov’t created gold plated tungsten filled fake gold bar’s for Ft Knox.These were 400 oz bar’s worth about 450,000 buck’s,so I doubt we have any stashed away,but let’s think about this for a few minute’s.
According to the rumor,tungsten has the same weight and density as gold…I’d have to look it up,but let’s assume it.If the market were slowly saturated with fake gold,the price would fall,as there would be “extra” gold in the marketplace.
If the fake gold was slowly traded,and then retraded for real gold,the price would be stable.Like laundering cash.
If this story has any truth,they claim between 1.3 and 1.5 million bar’s were found to be out there,the price of gold would go thru the roof.
Let’s say your a large government that the US owe’s a fortune to,and paid in gold bar’s…then you wake up today to find they were fake.Your fiat currency would crash! The dollar is bad enough as is,then your find out that Ft.Knox is filled with 10 buck a pound tungsten.
Now,I’m not into conspiracy theorie’s.Especially if it’s some major gov’t thing,as we know how well they keep secret’s.My point is,if the govt think’s they can pull this off,I’m sure some sweatshop in China could do the same with 1 oz gold or silver.How many of us are willing to cut our coin’s in half to check?