Alert! Fake Gold Bars

Looks like kind of an old story, has there been anything about it more recently?

Considering that China is a police state, that very little goes on there that is not approved by the government, and that corrupt officials are likely profiting greatly from such shenanigans... are any of us really surprised that the perps operated in China or that the Chinese police were able to round them up so quickly? Heck, for all we know, these so-called perps are actually political dissidents who have been charged with this crime so that the gov / police will look good while the real guilty parties can continue their scams and bribes.



Curiously and in spite of all this "knowledge", this web site did NOT publish the proof that they claim to know all about. Makes one wonder why not.

That WAS a hilarious photo of Bernanke being led away from Ft. Tungsten by two burly security types, though.

I have no doubt of that at all. Just about everything of any value at all has been copied and sold as the genuine article at one time or other. My problem with most of these assertions is that they are heavy on innuendo and short on solid proof.

Take the gold plated bars of tungsten in Ft. Knox assertion. Since Ft. Knox's assets have NEVER been audited and it is unlikely that they ever will be, what good would it do for anyone to make such fakes and then locate them in Ft. Knox? None, that I can see. Yet... the rumor persists... like black helicopters and alien abductions. :-/

Make 1000 fakes, swap them for 1000 real bars, and since no one will re-check the bars, the fakes will never be detected. And you have 400,000 oz of real gold.

At one point, apparently all the gold in Abyssinia vaults was fake. Every bit was checked going in, and any ten year old would have caught the fakes, since they were steel.

However, once it had been tested and stored, it was a relatively simple matter to replace a good bar with a fake, as long as periodic assays (not just counts) are not done.

Yes, under that scenario, you would. But then what? If you sell it somewhere, would that not create a paper trail that some enterprising reporter type would just love to follow? A story like that would be quite an exclusive, a feather in the cap, and maybe even a Pulitzer Prize event. Most reporters would stand on their mother's shoulders in 8 feet of water as long as necessary to get such a story.

The fundamental flaws in most conspiracy theories are: 1) most organizations are insufficiently competent to pull one off for very long; and 2) someone virtually always blabs any inside info that they have, thoroughly blowing the lid off of it.

On the other hand, such speculation IS some very cheap entertainment for a lot of people.