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Originally posted by wiredamerican
I must have missed something, because Fort Knox as well as other high security places have not had gold to back up the US Dollar for decades. The gold standard ended long long ago. The US Dollars are no longer backed by gold, they are backed by faith in the currency itself. Some places do have gold I'm sure of it, but not to back any currency. Only as an investment option.
Originally posted by Quickfix
Wow, Good find, S&F
I assume it is very plausible for some of the gold bars to be fake.
Originally posted by mrmonsoon
Just a point for those who may not know.
A large chuck of the worlds gold is in fort knox.
Gold was first synthesized from mercury by neutron bombardment in 1941, but the isotopes of gold produced were all radioactive. Gold can currently be manufactured in a nuclear reactor by irradiation either of platinum or mercury. Since platinum is more expensive than gold, platinum is economically unsuitable as a raw material. Only the mercury isotope 196Hg, which occurs with a frequency of 0.15% in natural mercury, can be converted to gold by neutron capture, and following K+-decay into 197Au with slow neutrons. Other mercury isotopes are converted when irradiated with slow neutrons into one another or formed mercury isotopes, which beta decay into thallium. Using fast neutrons, the mercury isotope 198Hg, which composes 9.97% of natural mercury, can be converted by splitting off a neutron and becoming 197Hg, which then disintegrates to stable gold. This reaction, however, possesses a smaller activation cross-section and is feasible only with un-moderated reactors. It is also possible to eject several neutrons with very high energy into the other mercury isotopes in order to form 197Hg. However such high-energy neutrons can be produced only by particle accelerators.
Earlier this month in its December 15, 1981 issue, a
nationally circulated tabloid called The Globe published a cover
story about our missing gold. It was titled appropriately
"66-BILLION DOLLARS IN GOLD GONE FROM FORT KNOX."
The Globe appears on newsstands and supermarkets and drug
stores all over the United States but its editorial control lies
outside the American blackout, in Canada. And just two weeks ago
on Sunday December 13 an even harder-hitting article was
published in England in The Sunday Express of London. It was
titled: "UNITED STATES PROBES FORT KNOX ROBBERY." The article,
written by correspondent David Markham, begins, quote:
"The American Gold Commission in Washington will this week
begin an examination of Treasury documents to decide whether 7000
tons of gold, enough to fill 300 lorries, has been stolen from
Fort Knox, the world's biggest and most protected bullion store."
The article then reviews the basic charges which I have made
together with my friend Mr. Edward Durell, and it mentions that
the Treasury is trying to refute our charges by providing certain
documents to the Gold Commission. The article then zeros in on
the question of the missing 165-million ounces of Fort Knox gold
that I reported on in the spring of this year. If you will
recall, I urged all my listeners to send Mailgrams to the entity
President Reagan last spring demanding that this be looked into
immediately. Based on glaring conflicts among the Treasury's own
documents, this staggering amount of gold disappeared without a
trace from 1961 to 1971.
Those of you who did as I asked last spring received your own
evidence that this Administration, like those before it, is
sitting on the Gold Scandal. They're continuing to cover it up,
and the replies you received did not answer the question of the
missing 165-million ounces of Fort Knox gold.
The London Sunday Express article which I mentioned a moment
ago focused in on that awesome amount of missing gold. They
asked the Treasury Department to explain it, and now listen to
the incredible reply they received. Quoting once again from the
"At the Treasury Department in Washington Jerry Nisenson,
Deputy Director of Gold Market Activities said: 'We have
investigated the claims of Dr. Beter and his supporters and we
contend that the gold was not stolen. There is no cover-up.
They have misinterpreted our books. The gold was being refined
into better quality gold and those ounces just went up the
My friends, if anyone swallows that explanation then I give up.
Three hundred (300) truckloads of gold went up the chimney?? If
it did, then enough gold dust should have settled out of the air
to gold-plate New York City.
The United States Treasury Department is continuing its
cover-up of what The London Sunday Express article says, quote:
"would amount to the biggest theft in criminal history."
My friends, they are lying, and because they are lying the
Fort Knox Gold Scandal refuses to die. One might think that the
forces behind the ransacking of Fort Knox might want to lay low
for a while under the circumstances; but No. Those who stole the
Fort Knox gold have so far been powerful enough to keep it under
wraps. They are so arrogant that they believe they can never be
stopped, and so they are now compounding the felony with a new
Fort Knox-style gold theft! It's going on right now as I say
these words. The target this time is the United States Treasury
Assay Office in New York City. The New York Assay Office is the
Treasury's second largest depository for gold. Having
successfully robbed Fort Knox, which is the biggest depository,
the New York Assay Office is next in line.
Published: December 22, 1983
The Austrian police announced the arrest today of 5 men and the discovery of 10 counterfeit gold bars stamped with numbers and refiner's name to match 6,000 real bars stolen in Britain last month.
The police said the five arrested in Vienna on Tuesday night apparently planned to sell the counterfeit gold, passing it off as part of the haul of three tons of bullion stolen by masked gunmen from a warehouse near London's Heathrow Airport on Nov. 26.
A police spokesman said the police did not know how the men had discovered the numbers stamped on the stolen bars.
The police at first suspected the counterfeit bars were part of the Heathrow booty, but the spokesman said tests showed the bars were made of tungsten and only coated with gold.
The fake bars were seized in a police raid on a hotel where the five men - four Italians and an Austrian - were meeting.