Fake Silver Bullion

There was a very large gold fraud that was eventually detected involving tungsten cored gold bars.
The scale of the fraud was nearly half a billion dollars.

In this case, I suspect that gold was poured around a solid tungsten slug.
The bars would have then been officially stamped.

Insiders involved? Sure was!

Yes it is. Look at MFGlobal! No one knows where the transfers of money went? Hardly true the money came out and what is the offset? I guess non paper does this? I understand accounting and the offset is always right there. Sometimes not direct but a trail

Indeed... and so would a LOT of US citizens. A THOROUGH audit of the Fed is necessary. In fact, without that, I suggest that the Fed's charter be revoked by Congress in 2013.



Well, I think that we all know that this is a lie, er, convenient excuse that is being used to cover some inexcusable actions. For one thing, fiduciaries are required by law to KNOW where their clients' money is at ALL times. It amazes me that the people in Congress, who are questioning various MFG employees, do not seem to know this. If the mid-level employees were grilled well enough and threatened with jail time, a true picture of the actual events would likely emerge. The transfer of $200M from client accounts to a JP Morgan subsidiary in London is a perfect example. Such things do not ever occur without the knowledge, consent, and direct orders of those who run the company. Specifically, that would be the CEO and the CFO. Since it doesn't seem possible to get a straight answer from either the CEO or the CFO, it is the mid-level employees who actually handled the transfers who will know what happened, when, and who ordered it done. Of course, for any of this to be meaningful, we would have to have a justice department that would be interested in obtaining justice. That seems rather scarce at the moment. Perhaps next year?

It is such a shame what is going on in our country. The Mafia from my childhood seems mild! One at least knew their methods and ideas

Yes I was going to get 2 for a relative expecting twins but would have wanted silver not clad.

My scan of Google reveals that about 5,700 gold bars were faked, each of them weighing 400 ounces. some of them were found in the bank of England's vaults, and a greater amount in Fort Knox.

You would expect many conspriacy theories exist on this subject, some of them no doubt set up to obscure the truth.

One of these theories says that the bars actually originated from Fort Knox, and that some gold was sold off to be replaced by the fake bars.

The actual truth may never come out.

The value of 5,700 gold bars, each weighing 400 ounces is around 31/2 to 4 billion dollars. That is minuscule, relative to the U.S. national debt.

Another reason I like PCGS or NGC or even ANACS. Real old coins, often toned in very unique patterns....

Could a great con make a fake of the above example in one of the three cases above, probably. But, would it be FEASIBLE or PRACTICAL for the thief to waste their time an stolen money on, again probably not....

I saw a CSI where a kid who was not getting enough attention from his rich father, stole all his high dollar art pieces an replaced them with fakes an artist had replicated to such exactness, they could only tell they were fake via using ultra violet light perhaps, or something along those lines....

My point being, heck even if a crook did take the time an money to figure out a way to fake the items I have been adding lately, the odds of me or anyone else ever realizing they are fake is slim to zero, lol. Short of cracking set item open an testing it there after, an who would do that, not I on a whim....

I took that Worlds fair coin to work today to make sure it was real silver, as it has no stamping of any kind indicating it is .999 or silver for that matter. But it past the magnet test with flying colors and I rubbed it on the rock via the rim, and it tested real blue with the acid we use to test 18K or sterling, and it weighed spot on....

Here is the cool part, I searched high an low looking for another and found one just like it on ebay, small picture no toning or case, but listed at 15 bucks, 5 more shipping an best offer as a METAL coin, lol.....

I have been looking high an low for months for a pure piece of 1 oz. silver at a ridiculous low chance, an there it is as I bet one could offer him 10 bucks an he would take it, rof....