Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan

SEE3772's Avatar
http://www.zerohedge.com/news/2012-0...ered-manhattan

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www.fidelitrade.com Originally Posted by SEE3772
And you want us to rely on gold instead of the Fed why, exactly?
SEE3772's Avatar
And you want us to rely on gold instead of the Fed why, exactly? Originally Posted by ExNYer

The Seven Characteristics of Money
The Difference Between Money & Currency

(1) It must be durable.

(2) It must be divisible.

(3) It must be convenient.

(4) It must be consistent.

(5) It must possess value in itself.

(6) It must be limited in the quantity that is availability.

(7) It should have a long history of acceptance.

Only GOLD and SILVER fit all seven characteristics.
Gold 10 Year Chart
Silver 12 Year Chart

(5) - The Dollar does not possess value in itself. Therefore, it is not Money it is Currency.



Central Bank Gold Holdings - http://www.gold.org/

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TARP, TALF, TSLF, PDCF, AMLF, TAF, FSP, PPIP, PPPIP, CPFF, QE1, QE2,
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ZIRP - Zero% Interest Rate Policy
SEE3772's Avatar
(5) It must possess value in itself.

(6) It must be limited in the quantity that is availability...

Everything we learned is 3rd grade Civics Class was a lie.
dilbert firestorm's Avatar
“The forger had to slice the original bar along the side, hollow out the gold and insert the tungsten ingot, and then reseal and polish the bar, Nassim said.
sounds difficult to do. its easier to make a tungsten ingot and pour gold over it and stamp it from a mold of the original ingot.
SEE3772's Avatar


Everything we learned in 3rd grade Civics Class was a lie.