GLD ETF full of fake gold?

[Nor-LA-SD-guy]

Yea OK but at the same time I can’t ever see it being the base for any serious world currency, and eventually it will just be a somewhat expensive novelty

[ucodegen]

No, gold ownership was made illegal in the 30s for a very specific reason: the dollar was pegged to gold, and there was a run on US gold reserves by foreign noteholders demanding redemption.

Also more ‘dollars’ had to be created. The only way at the time to do that at that time, was to have the gold to back it. That is why people had to surrender their gold and got ‘certificates’. The only exception was for gold in the form of coin.

Now that the dollar is not pegged to gold, it floats freely against it, so I don’t know why private gold ownership would be outlawed again.

No need to outlaw it. Coin dealers or sellers of gold coin like to drum up this fear since in the 30’s, the only way you would not have your gold confiscated was if it was in the form of coin.

[ucodegen]

No, gold ownership was made illegal in the 30s for a very specific reason: the dollar was pegged to gold, and there was a run on US gold reserves by foreign noteholders demanding redemption.

Also more ‘dollars’ had to be created. The only way at the time to do that at that time, was to have the gold to back it. That is why people had to surrender their gold and got ‘certificates’. The only exception was for gold in the form of coin.

Now that the dollar is not pegged to gold, it floats freely against it, so I don’t know why private gold ownership would be outlawed again.

No need to outlaw it. Coin dealers or sellers of gold coin like to drum up this fear since in the 30’s, the only way you would not have your gold confiscated was if it was in the form of coin.

[ucodegen]

No, gold ownership was made illegal in the 30s for a very specific reason: the dollar was pegged to gold, and there was a run on US gold reserves by foreign noteholders demanding redemption.

Also more ‘dollars’ had to be created. The only way at the time to do that at that time, was to have the gold to back it. That is why people had to surrender their gold and got ‘certificates’. The only exception was for gold in the form of coin.

Now that the dollar is not pegged to gold, it floats freely against it, so I don’t know why private gold ownership would be outlawed again.

No need to outlaw it. Coin dealers or sellers of gold coin like to drum up this fear since in the 30’s, the only way you would not have your gold confiscated was if it was in the form of coin.

[ucodegen]

No, gold ownership was made illegal in the 30s for a very specific reason: the dollar was pegged to gold, and there was a run on US gold reserves by foreign noteholders demanding redemption.

Also more ‘dollars’ had to be created. The only way at the time to do that at that time, was to have the gold to back it. That is why people had to surrender their gold and got ‘certificates’. The only exception was for gold in the form of coin.

Now that the dollar is not pegged to gold, it floats freely against it, so I don’t know why private gold ownership would be outlawed again.

No need to outlaw it. Coin dealers or sellers of gold coin like to drum up this fear since in the 30’s, the only way you would not have your gold confiscated was if it was in the form of coin.

[ucodegen]

No, gold ownership was made illegal in the 30s for a very specific reason: the dollar was pegged to gold, and there was a run on US gold reserves by foreign noteholders demanding redemption.

Also more ‘dollars’ had to be created. The only way at the time to do that at that time, was to have the gold to back it. That is why people had to surrender their gold and got ‘certificates’. The only exception was for gold in the form of coin.

Now that the dollar is not pegged to gold, it floats freely against it, so I don’t know why private gold ownership would be outlawed again.

No need to outlaw it. Coin dealers or sellers of gold coin like to drum up this fear since in the 30’s, the only way you would not have your gold confiscated was if it was in the form of coin.

[ucodegen]

So I guess you would cast the tungsten first since it has a higher melting point, then cast the gold around it.

True.. this creates a simple problem to solve in suspending the tungsten in the casting while hardening. You could also try electroplating or hot dip plating. It does mean that the outside may appear different that is if it is an already held reserve (you would be recasting existing bars). On the other hand, if you are trying to create ‘fake’ gold from ground zero and then inject it into the exchange, it is very effective.

http://www.popsci.com/diy/article/2008-03/how-make-convincing-fake-gold-bars
Note that your link referred to ‘steel’ being inside.. which is a little obvious. It is no where close to the density of gold. If they can get away with using steel.. there is a real problem. I wonder if everybody is now busy checking the density of what they have.

I like the quote in your reference.. at the end:

And let me tell you, it’s a sad day for criminal masterminds when my fictional fake gold, designed only to trick a terrorist cell, is so much better than the real fake gold used to rip off a real government bank for millions of real dollars.

[ucodegen]

So I guess you would cast the tungsten first since it has a higher melting point, then cast the gold around it.

True.. this creates a simple problem to solve in suspending the tungsten in the casting while hardening. You could also try electroplating or hot dip plating. It does mean that the outside may appear different that is if it is an already held reserve (you would be recasting existing bars). On the other hand, if you are trying to create ‘fake’ gold from ground zero and then inject it into the exchange, it is very effective.

http://www.popsci.com/diy/article/2008-03/how-make-convincing-fake-gold-bars
Note that your link referred to ‘steel’ being inside.. which is a little obvious. It is no where close to the density of gold. If they can get away with using steel.. there is a real problem. I wonder if everybody is now busy checking the density of what they have.

I like the quote in your reference.. at the end:

And let me tell you, it’s a sad day for criminal masterminds when my fictional fake gold, designed only to trick a terrorist cell, is so much better than the real fake gold used to rip off a real government bank for millions of real dollars.

[ucodegen]

So I guess you would cast the tungsten first since it has a higher melting point, then cast the gold around it.

True.. this creates a simple problem to solve in suspending the tungsten in the casting while hardening. You could also try electroplating or hot dip plating. It does mean that the outside may appear different that is if it is an already held reserve (you would be recasting existing bars). On the other hand, if you are trying to create ‘fake’ gold from ground zero and then inject it into the exchange, it is very effective.

http://www.popsci.com/diy/article/2008-03/how-make-convincing-fake-gold-bars
Note that your link referred to ‘steel’ being inside.. which is a little obvious. It is no where close to the density of gold. If they can get away with using steel.. there is a real problem. I wonder if everybody is now busy checking the density of what they have.

I like the quote in your reference.. at the end:

And let me tell you, it’s a sad day for criminal masterminds when my fictional fake gold, designed only to trick a terrorist cell, is so much better than the real fake gold used to rip off a real government bank for millions of real dollars.

[ucodegen]

So I guess you would cast the tungsten first since it has a higher melting point, then cast the gold around it.

True.. this creates a simple problem to solve in suspending the tungsten in the casting while hardening. You could also try electroplating or hot dip plating. It does mean that the outside may appear different that is if it is an already held reserve (you would be recasting existing bars). On the other hand, if you are trying to create ‘fake’ gold from ground zero and then inject it into the exchange, it is very effective.

http://www.popsci.com/diy/article/2008-03/how-make-convincing-fake-gold-bars
Note that your link referred to ‘steel’ being inside.. which is a little obvious. It is no where close to the density of gold. If they can get away with using steel.. there is a real problem. I wonder if everybody is now busy checking the density of what they have.

I like the quote in your reference.. at the end:

And let me tell you, it’s a sad day for criminal masterminds when my fictional fake gold, designed only to trick a terrorist cell, is so much better than the real fake gold used to rip off a real government bank for millions of real dollars.

[ucodegen]

So I guess you would cast the tungsten first since it has a higher melting point, then cast the gold around it.

True.. this creates a simple problem to solve in suspending the tungsten in the casting while hardening. You could also try electroplating or hot dip plating. It does mean that the outside may appear different that is if it is an already held reserve (you would be recasting existing bars). On the other hand, if you are trying to create ‘fake’ gold from ground zero and then inject it into the exchange, it is very effective.

http://www.popsci.com/diy/article/2008-03/how-make-convincing-fake-gold-bars
Note that your link referred to ‘steel’ being inside.. which is a little obvious. It is no where close to the density of gold. If they can get away with using steel.. there is a real problem. I wonder if everybody is now busy checking the density of what they have.

I like the quote in your reference.. at the end:

And let me tell you, it’s a sad day for criminal masterminds when my fictional fake gold, designed only to trick a terrorist cell, is so much better than the real fake gold used to rip off a real government bank for millions of real dollars.

[Nor-LA-SD-guy]

Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,

[Nor-LA-SD-guy]

Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,

[Nor-LA-SD-guy]

Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,

[Nor-LA-SD-guy]

Guy’s really, think this through a few minutes, OK sure there may be a panic at some point that would last maybe a few months until people realize that the world was not coming to an end and no the U.S.A. was not the “Weimar Germany circa 1920’s”. And once the economy finally starts to create Jobs in Ernest then Gold is just going to be the novelty it was before, nothing more.

Just My thoughts ,

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