Jan 17, 2010

Fake gold bars in Bank of England and Fort Knox??

So...is the story going around about Fake gold bars in
The Bank of England and Fort Knox true?
Are we worse off than any of us know?

At the GoldBasics blog we come across a story from The Pakistan Daily:

http://www.daily.pk/fake-gold-bars-in-bank-of-england-and-fort-knox-14477/



The article states "In October of 2009 the Chinese received a shipment of gold bars... the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed. Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years..."


Is this "mystery" just a ploy to drive gold prices sky high, or could there be cause for concern for all those gold lovers out there?
I am reminded of a passage in the good book:

James 5:3 (New King James Version)

3 Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days.

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