Gold and Confidence
Wow. I had a flurry of people email me with frantic questions about the gold plated tungsten bars. Many are very fearful of both their gold investments as well as what it will do to the price of gold.
Here are the questions...and they are good ones:
1) How do I know if I have real gold?
2) Won't all the COMEX and LME buyers go away if they think they may not get real gold? Won't the price of gold crash if there are only sellers and no buyers on the exchanges?
3) What will this do to the price of REAL gold? Won't the coin premiums increase if there are exchange problems?
4) What will happen if the exchanges stop trading?
Let me take these one at a time:
1) The tungsten bar problem is with 400 oz bars but fake gold coins are out there. You can buy testing kits on line if you are worried. Testing kits range from chemical kits to scales to electronic sensors. You can even go to your local coin shops to have them test your gold. BUT BE CAREFUL... now that gold purity is in question EVERYTHING must be checked. If people find a fake gold coin in their stack of gold they will RUN to the coin shops to sell it as fast as possible. It will be like a hot potato passing from dealer to dealer. In the future, buy small denominations from suppliers you trust, test the coins or have the dealer test them in front of you. I like to stick with 1oz US American Gold Eagles when I buy gold.
2) Yes, the COMEX and LME buyers will stop buying when they realize they may not be buying real gold. But this is a good thing. The COMEX and the LME is where the price of gold is rigged. These exchanges are tools of the Banking Cabal to keep you blind to the real monetary value of gold. When the COMEX and LME are finally closed the gold market will be FREE of manipulation!
3) Yes, the quoted price of gold may crash but remember that gold prices are quoted from the COMEX and LME. The COMEX is a Futures/Options Market and the LME is the playground of the central bankers to rig price. The price of gold you see on the TV and in the financial media reflect ONLY the fictional pricing of the banking cabal. Watch the coin "premiums" explode when real trouble starts on the "free market" exchanges. That is why it is best to buy physical 1oz coins off the exchanges and keep them in your own possession. We are waiting for "the moment" when the market manipulation ends.
4) When the Gold exchanges stop trading... alternative true physical gold exchanges will develop and gold will finally be free of the banking cabal!
People will understand very soon how important gold is. The tungsten problem is just more evidence that gold is not the "barbaric relic" that people used to call it in the 1990's and early 2000's
The tungsten fraud will do a few very important things for gold and our cause:
1) It will destroy confidence in the fraudulent gold markets (the fractional reserve gold Ponzi scheme will implode)
2) It will destroy the COMEX and LME markets (which is where gold prices are rigged)
3) It will destroy the ETF's, Pooled Accounts, Gold Leasing markets (all are tools of the gold manipulators)
4) It will create a global scramble for REAL gold by the Central Banks, Governments and citizens around the world
5) It will legally expose the gold manipulators (there is always a paper trail back to the villains)
6) It will demand the re-melt of the worlds gold making gold 1,000x more scarce for a while thus making the price of REAL and VERIFIABLE .999 gold skyrocket.
7) It will destroy the "TOO BIG TO FAIL" banks that are massively short gold
So in summary, the tungsten gold bar issue will FINALLY bring the gold market rigging cabal to their knees.
The future will be much brighter without the Banking Cabal.
May the Road you choose be the Right Road.
Bix
