[Posted Nov 15, 2009]

Not worth its weight in gold

A.C. Bhaktivedanta Swami

GLD vs Gold: fake gold scam revealed, Tungsten bars in Fort Knox?

Goldseek Nov 12, 2009 - ROB KIRBY

On Doing God’s Work Goldfinger - A New Take On Operation Grand Slam

Roughly 15 years ago – during the Clinton Administration... 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....

The balance of this 1.3 million – 1.5 million 400 oz tungsten cache was also plated and then allegedly “sold” into the international market. Apparently, the global market is literally “stuffed full of 400 oz salted bars”.

Makes one wonder if the Indians were smart enough to assay their 200 tonne haul from the IMF? go to story

Related:

Gold Price Won’t Drop Below $1,000 an Ounce Again, Faber Says

Bloomberg - Nov 11, 2009 ZIJING WU Gold won’t fall below $1,000 an ounce again after rising 27 percent this year to a record as central banks print money to help fund budget deficits, said Marc Faber, publisher of the Gloom, Boom & Doom report. ...“We will not see less than the $1,000 level again,” Faber said at a conference today in London. “Central banks are all the same. They are printers. Gold is maybe cheaper today than in 2001, given the interest rates. You have to own physical gold.”

Blight on Humanity Addendum

Goldseek - Oct 15, 2009 ROB KIRBY "In an Asian depository they’ve found “Good Delivery” bricks that had been gutted and filled with tungsten. Soon, there will be xxxx hitting the fan all over place.” These circumstances suggest that a VERY REAL physical short squeeze is in progress RIGHT NOW and a gang of fraudsters from “fiat-crack-houses” [Central Banks] are attempting to finesse their losing over-sold hand in an elaborate Three-card Monty. With reports of independent physical audits now being conducted and mysterious happenings with GLD’s bar list – GLD has NEVER looked more suspect. Hope you’ve all got some physical gold already.

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If you don't speak up and call for an end to the cheating...

Week's Money Roundup: Gold Rush A.C. Bhaktivedanta Swami

It is very simple. Don't accept paper currency. It must be gold or some metal worth. Just like one dollar, it must be worth one dollar metal. Then it is solved. But they want to cheat. How it can be solved? Because if I pay you one dollar, I must pay you value for one dollar. But it is the cheating process is going on, "I pay you one dollar, a piece of paper. That's all." So you accept cheating, and I also cheat. Government allows. So how the problem can be solved? It is cheating. But the government allows it as law. And you accept, I accept. Then how they can be solved, solution? This is the solution. more

Honest money no more

excerpt from conversation, Johannesburg, Oct 16, 1975

PRABHUPADA: Yes. That is going on. Therefore price is increasing daily. Formerly British government, in the beginning, to prove their honesty, as soon as you go to the currency for changing, they will offer you, "You want coins or paper currency?" So if you think that paper currency will be convenient, you can take. Otherwise, if you want coins, they will pay you.

PUSTA KRSNA: Gold coins.

PRABHUPADA: Yes, gold, silver, whatever you want. That was the... Now this is stopped. You can not ask now gold coins and silver coins. Whatever government will give you, you have to accept. Where is honesty?

Cheating begins from government

excerpt from excerpt from conversation with Ratan Singh Rajda M.P., "Nationalism and Cheating", Bombay, April 15, 1977

TAMAL KRSNA: So printed money should have gold behind it.
PRABHUPADA: Yes, that is the theory. What is the rate of economy?
TAMAL KRSNA: What is the idea...
PRABHUPADA: That is called...
TAMAL KRSNA: Gold standard.
PRABHUPADA: Not gold standard, but there is a technical name. That means if you print notes, currency note, immediately you have to keep stock of gold in the reserve bank. Reserve. Therefore it is called...
TAMAL KRSNA: The gold reserves.
PRABHUPADA: Gold reserve. Gold reserve, yes. At least forty percent.
TAMAL KRSNA: What's the idea behind that?
PRABHUPADA: What is that? The idea is cheating. The cheating business begins from the government. And why people will not learn to cheat? This is cheating. I am giving you one paper, one hundred rupees, dollars, and you are happy: "I have got so many ..." I am giving you check, ten thousand dollars. You got ten thousand dollars. Now I give you a paper. But it is going on. We have made machinery in such a way that it will go on in hundred rupees or ten thousand rupees. Just like this fixed deposit. I am giving actual money; they are giving a receipt. And it will increase. What increase? The same paper. And gradually inflation is going on. They'll pay at the inflation rate.

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