GOLD

[JBmurc]

Anyone heard the rumour that alot of the gold in Fort Knox is Tungsten and not real gold?

Yep wouldn't be surprised unlike china who wants it's people to by gold an silver the powers behind Bush Obama want their people to buy dept bonds,an live in fantasy spending land an take on more dept -the yanks sold most of the Fort knox in the Vietnam days is a main reason that they dropped the gold standard an replaced it with fiat paper an the fix everthing printing press

[Dr_Who]

I read somewhere (cant remember), that the IMF gold delivered to India was found to be Tungsten gold plated and not gold. The question now is, how much gold in the vault is Tungsten, cos Fort Knox are not audited. This is scary stuff.

This could be the biggest conspiracy known to mankind by the central bank.

[rev]

There was mention of this a few weeks ago on topstocks.

http://news.goldseek.com/GoldSeek/1258049769.php gives one version of the story.

[airedale]

Indian gold merchants/traders/govt.buyers are constantly assaying and buying gold. Are the Indians likely to have been swindled?
I think that is unlikely. But it is a good conspiracy theory.

[Aussie]

From what I have heard, it's most unlikely that LBMA bars are compromised. The system relies on exact records and accounting of all bars within the system of LBMA bullion banks - their serial numbers, exact condition and whereabouts are known at all times. They simply have too much at stake to take risks . . . large bars other than LBMA - hard to say . . .

[Steve]

Where do you see gold going in 2010? Declining as the economic recovery kicks in? The article also notes that some producers have got away with high production costs with the price soaring which may come back to bite them should the price drop...

Analysts divided on gold
Gold shone brightly in 2009, but analysts are divided on whether 2010 could see some of the gloss fade.

[airedale]

With the Fed and the BOE still printing paper I don't think that there is much downside to the POG. But whether it will soar to the giddy heights forecast by the most fervent gold believers...maybe this year,maybe next year.

[arco]

.

Chart is presently bearish to 2 degrees

A move towards the green box area is a possibility if the price action breaks through the Kumo and tests for S=R.

[JBmurc]

I personal think we'll see another major country buy up large amount of real Gold bullion if the USD gold price falls much more -China the most likely to buy any thats for sale from the likes of the IMF

[arco]

.
Lets look again in June/July 2010 and review the position