Mixed mashed articles by Pat Darnell | May 28, 2014 | Bryan TX
[Picture LINK] These "fake" gold bricks usually have a core made of Tungsten steel that has roughly the same density as gold.
You don't need to go to ITT TECH to wake up to the current state of things in the world. Just browse content in the Internet, search for things, and you will get a cross section of State of the World.
Yes, there are rings of unsavory persons around the world, in the Philippines, China, and places yet to be discovered who are gold plating bars of tungsten to create fake gold bars. I think it is hilarious. Who buys gold bars? The fabulous rich buy gold bullion. And they can't tell the difference. I hope Mitt Romney bought himself some fake gold.
I would love a sneak peek into the Bush's family meeting when they discover they have a load of fake gold bricks, literally; fake gold bricks for a family of gold bricks. "DUBYA, get in here," says George senior, "I'm gonna give your mayonnaise, pin striped ass a whippin'!"
Listen, MooPig Financial Advisers cannot verify if having a gold standard currency is good for the world financials, or not. We have been gold plating Cow dung for years now, because we want to corner the market on Cow dung.
What makes me such a self-righteous bastard? I don't have a photo of my grandad posing with Hitler, that's what makes me self-righteous.
America's Book Of Secrets Episode Guide - Season 3 - HISTORY.com:
'via Blog this'
"... There is a difference of around 9% in duty on gold between India and Thailand. This has encouraged unbridled smuggling of the yellow metal. However, since the traditional routes of smuggling such as Thailand-India and Dubai-India are heavily monitored, smugglers have begun using Nepal and Bangladesh route to bring in gold through porous borders. In fact, both countries have even seen their gold imports double in the past one year without any evidence increased demand for the yellow metal in their domestic markets. In another incident, SSB Bagha unit in Bihar under Muzaffarpur Sector recovered fake Indian currency notes worth Rs 83,000. The currency was being carried by two youths belonging to a minority community, said SSB sources. They were coming from Nepal and had boarded a train in India.(Deeptiman Tiwary,TNN | May 23, 2014, LINK)..."
The History Channel says that all of the world's gold fits on a rectangle the size of a tennis court, and would be about thirty feet tall. That's 120 feet by 60 feet by 30 feet to a whopping grand total of 216,000 cubic feet of gold. That's it! That's all. Yet nations scurry around and hoard gold.
1 cubic foot = 30.48^3 cubic centimeters gold = 28316.8 cubic cm gold
Mass = 19.3g/cm^3 * 28316.8 cm^3
Mass = 546,514 grams
Now we can convert to troy ounces or pounds:
1 troy ounce = 31.1034768 grams
546,514 grams / 31.1034768 grams = 17,570.8 troy ounces
1 pound = 453.59237 grams
546,514 grams / 453.59237 grams = 1,254.65 pounds
That comes to a world total of 270,864,000 pounds of gold. You can go figure out how much in ounces for yourselves. But it comes to about $13 quadrillion dollars at $3000 per ounce of gold.
That's all folks. What a racket.
"...Meanwhile, Russia and China keep accumulating gold bars in their central banks vaults. A year ago, a Chinese official was saying that their central bank’s gold buying must be done softly, so as not to provoke a excessive hike in its price that would impede gold buying by the Chinese consumers (did it slip his tongue?). Not only is the central bank of China accumulating gold (without reporting it) to be ready when the dollar fails, but it’s encouraging the Chinese to do the same. Quite a contrast with the West! It should be no surprise that the Chinese rushed toward physical gold in 2013, eclipsing all their previous buying records and surpassing the Indians, whose hands have been stupidly tied by their government. If one follows the gold trail, one will find the countries preparing to dominate the world tomorrow (Léonard Sartoni. Feb 11, 2014. LINK)..."