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(Jan 25 2013) - PORTERVILLE AREA COIN SHOPS : GOLD AND SILVER UPDATES |
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WORLD -- First Venezuela, Then Germany, The Netherlands, And Now Switzerland Want Their Gold Back!! Bundesbank: 'The Gold Repatriation Is - Without Doubt - "Preemptive" In Case A "Currency Crisis" Hits The European Monetary Union.' Every Other Bank, Corporation, And Individual Will Scramble To Recover Their Own Gold Located In Some Vault In London, New York, or Paris ... NEW YORK -- Mint has suspended sales of its 2013 American Eagle silver bullion coins after running out of stock due to soaring investor demand for the newly minted coins in the first two weeks of the year. Sales to authorized dealers will resume on or about the week of January 28 after the U.S. Mint has replenished its inventory, it said in an email to authorized dealers on Thursday. The coins are produced at the Mint's West Point, New York, facility. While it is typical for collectors to snap up newly stamped coins, interest this year has ballooned due to investors seeking refuge from U.S. economic uncertainty. AUSTRALIA -- An Australian mint has called in the Federal Police after being shown evidence by Seven News that its gold bars are being counterfeited. The investigation uncovered Chinese 'forgery factories' that will churn out fake bullion and even Australian coins, for a fraction of their face value. MANHATTEN -- It is one thing for tungsten-filled gold bars to appear in the UK, or in Germany: after all out of sight, and across the Atlantic, certainly must mean out of mind, and out of the safe. However, when a 10 ounce 999.9 gold bar bearing the stamp of the reputable Swiss Produits Artistiques Métaux Précieux (PAMP, with owner MTP) and a serial number (serial #038892, likely rehypothecated in at least 10 gold ETFs across the world but that's a different story), mysteriously emerges in the heart of the world's jewerly district located on 47th street in Manhattan, things get real quick. JAPAN -- In the biggest news we've broke since the JP Morgan whistle-blower stepped forward, Australian Bullion Dealer ABC Bullion has contacted SD to advise that one of its suppliers has provided them photographic evidence of a tungsten filled 1 kilo gold bar discovered this week. The bar passed a hand-held xrf scan which showed 99.98% pure AU. The tungsten was only discovered when the bar was physically cut in half. After numerous reports of 400oz tungsten filled bars being discovered in Hong Kong, this is the first documented and verified report with photographic evidence that has been made public. U.S.A. -- Federal officials call medallic pieces CONTRABAND : Liberty Dollars held by collectors may be subject to seizure as contraband by federal law enforcement, officials with the U.S. Attorney's Office and Secret Service said Aug. 24. Millions of Liberty Dollars in copper, silver and gold versions are in the hands of collectors and supporters of the Liberty Dollar medallions who have been concerned the medallions could be confiscated by federal authorities. And that possibility is now apparently real. U.S.A. --(Paul Drockton) I just received information from an inside source that they are in fact writing the legislation for a new gold confiscation act. I expect this to happen this fall. Here is how I see things playing out: 1. Executive Order, signed by Obama, that makes the ownership of gold a criminal offense. 2. Those that own gold will be instructed to surrender it in exchange for a set dollar amount. 3. Gold Confiscation will be sold to the general public as a necessary step to stabilizing the dollar and a return to the gold standard. 4. Ownership of gold will be sold as "unpatriotic" and "anti-American". 5. The act will be enforced by the United States Treasury and the Internal Revenue Service. WASH D.C. -- On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid. CALIFORNIA -- California is the eighth largest economy in the world, and it has a debt burden to match. It has outstanding general obligation bonds and revenue bonds of $158 billion, largely incurred for infrastructure. Of this tab, $70 billion is just for interest. Over $7 billion of California's annual budget goes to pay interest on the state's debt. As large as California's liabilities are, they are exceeded by its assets, which are sufficient to capitalize a bank rivaling any in the world. That's the idea behind Assembly Bill 750, introduced by Assemblyman Ben Hueso of San Diego, which would establish a blue ribbon task force to consider the viability of creating the California Investment Trust, a state bank receiving deposits of state funds. Instead of relying on Wall Street banks for credit - or allowing a Wall Street bank to enjoy the benefits of lending its capital - California may decide to create its own, publicly-owned bank. U.S.A. -- Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. But the truth is that the institution with the most power over our economic system is the Federal Reserve. So exactly what is the Federal Reserve? Most people would say that it is an agency of the federal government. But that is absolutely not true. In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government. Rather, the Federal Reserve is a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress. U.S.A. -- We've learned from well known metals analyst and commentator Roger Wiegand, in an email to silver analyst David Morgan which was subsequently published in Morgan's latest Silver Investor newsletter available only to subscribers, that several of Wiegand's high level inside sources have reported that the puppeteers behind the US government, in order to facilitate a move into a new world currency are considering, or may have already begun moving forward with, a plan to confiscate gold and silver from the American public. IMF -- Central banks around the world added 425.4 metric tons of gold to their reserves last year, the biggest increase since 1964, according to the World Gold Council. That represents a 1.4 percent gain to put their holdings at 30,116.9 tons in total. The increase was the first since 1988. Central banks in India, Russia and China were among those boosting their gold reserves last year, as the precious metal jumped 24 percent, hitting a record of $1,226 an ounce in December. Central banks now possess 18 percent of all gold ever mined. �There�s clearly been a renaissance of gold in central bankers� minds,� Nick Moore, an analyst at Royal Bank of Scotland, told Bloomberg. �It�s not just been central banks taking on gold, but a general shift for physical gold in the investment sector.� GERMANY -- Recently, the German television station ProSieben ran a news story covering W. C. Heraeus in Hanau, Germany, the world�s largest privately owned refinery. In the story, Wilfried H�rner, the head of the gold foundry, shows a 500 gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had the right physical dimensions to be an authentic gold bar, but one of the Heraeus employees suspected something funny. After the bar was cut in half, you can see that the inside is tungsten, with only a coating of gold on the outside. Last fall, Rob Kirby of Kirby Analytics in Toronto reported that China�s central bank had discovered some 400-ounce gold-plated tungsten bars among those it had recently received from bonded warehouses. It was later learned that at least four counterfeit bars were found and that all had come from sources in the United States. U.S.A. -- Could over 1 million bars of gold, much of which is still held in Fort Knox, Ky., be counterfeit? An October 2009 discovery that suggests this may be true has been suppressed by the mainstream media but has been circulating among the �big money� brokers and financial kingpins. It is just now being revealed to the public. Gold is regularly exchanged between countries to pay debts and to settle the so-called balance of trade. It is often also used as a hedge against a falling currency. Gold is regularly traded and stored in vaults under the strict supervision of a special organization based in London, known as the London Bullion Market Association (LBMA). That�s why news of counterfeit gold bars was a surprise to many experts. In October 2009, China reportedly received a large shipment of gold, containing some 6,000 bars, weighing 400 ounces each. When it was received, the Chinese government asked that tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holes were drilled into the bars, and the metal was analyzed. Officials were shocked to find the bars were bogus. U.S.A. -- A recent discovery � in October of 2009 � has been suppressed by the main stream media but has been circulating among the �big money� brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox � the US Treasury gold � that is the equity of our national wealth. In short, millions (with an �m�) of gold bars are fake! Who did this ? Apparently our own government. In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When 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. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment! Bad Credit Advisor gives an update : Probably the only way to discover a fake without scratching your bar or coin or without performing some chemical analysis, is to drop suspicious gold object against a solid hardwood desk, as long as you do not mind having some nicks and small dents on it. Dropping a real gold coin will produce a very particular ringing sound quite different from the one that tungsten counterfeit coin makes. Before you panic and start dropping your gold, understand that tungsten is the metal which is extremely difficult to work with. Besides being brittle, it has the highest known melting point of any non alloyed metal at 3,422�C or almost 6,192�F. So such counterfeit gold requires quite a bit of investment and knowledge, which both of course are available our there. So it is important to buy your gold bullion from reputable dealers, but even they can make a mistake and unknowingly sell you something else. NEW YORK � $$$ THE BIGGEST GOLD CRIME STORY OF THE CENTURY MIGHT BE SOON COMING TO FULL LIGHT. EVIDENCE IS BEING ACCUMULATING THAT THE CLINTON ADMIN WITH RUBIN AT USDEPT TREASURY REPLACED PERHAPS THE ENTIRE CONTENTS OF THE FORT KNOX GOLD WITH TUNGSTEN BARS PLATED BY GOLD. THE SALTED GOLD BARS ARE FASTING BECOMING A GLOBAL CRIME ISSUE. HONG KONG DISCOVERED THEM, AND NOW ASSAYERS ARE TRYING TO AUTHENTICATE MOST OF THE GLOBAL GOLD HELD IN BANKS. ENTIRE NATIONS ARE AT RISK. BEFORE LONG THE USGOVT COULD BE DECLARED A ROGUE NATION INTERNATIONALLY. $$$ NEW YORK � I�ve already reported on irregular physical gold settlements which occurred in London, England back in the first week of October, 2009. Specifically, these settlements involved the intermediation of at least one Central Bank [The Bank of England] to resolve allocated settlements on behalf of J.P. Morgan and Deutsche Bank � who DID NOT have the gold bullion that they had sold short and were contracted to deliver. At the same time I reported on two other unusual occurrences: Unfortunately, there are now more sordid details to report. When the news of tungsten �salted� gold bars in Hong Kong first surfaced, many people who I am acquainted with automatically assumed that these bars were manufactured in China � because China is generally viewed as �the knock-off capital of the world�. Here�s what I now understand really happened ... WASHINGTON � The United States Mint will not offer the following products in 2009: the one-ounce American Eagle Silver Proof Coin; the one-ounce American Eagle Silver Uncirculated Coin; the American Eagle Gold Proof Coins (all weights, as well as the four-coin set); the one-ounce American Eagle Gold Uncirculated Coin; the United States Mint Annual Uncirculated Dollar Coin SetTM, which also includes a one-ounce American Eagle Silver Uncirculated Coin; and the American Eagle Platinum Bullion Coins (all weights). Because of unprecedented demand for American Eagle Gold and Silver Bullion Coins, the United States Mint suspended production of 2009 proof and uncirculated versions of these coins. All available 22-karat gold and silver bullion blanks are being allocated to the American Eagle Gold and American Eagle Silver Bullion Coin Programs, as mandated by Public Law 99-185 and Public Law 99-61, respectively. Both laws direct the agency to produce these coins in quantities sufficient to meet public demand. The proof and uncirculated versions of the American Eagle Gold and Silver Proof Coins are not mandated by law. The United States Mint is working diligently with current and potential blank suppliers to increase the supply of bullion coin blanks, so it can offer to the public the proof and uncirculated versions of American Eagle silver, gold, and platinum coins in 2010. We previously stated that gold ownership was made illegal on 1st May 1933. What we did not tell you and we correct now, was that U.S. citizens, under Order 6102, were to own up to $100 in gold coin [�5 ounces]. Today that would be worth under $5,000 a mere token gesture to real gold owners. It acted as a tiny 'escape valve' to the general body of citizens and did not detract from the fact that effective gold ownership was abolished. So that we fully understand the attitude of governments to gold we add this paragraph -- Congress could easily revoke the privilege again ? In fact, at no time during this century has the U.S. government recognized the right of private gold ownership. The Trading with the Enemy Act, which President Roosevelt invoked in 1933 to restrict private gold transactions, remains law. Although private ownership of gold in the United States was legalized on August 15, 1974, the power to confiscate gold remains in the hands of the President. The President still retains the right, under the Emergency Banking Relief Act, to "investigate, regulate or prohibit... the importing, exporting, hoarding, melting or earmarking of gold" in times of a declared national emergency. It is highly unlikely that either the Courts or Congress would successfully argue that confiscatory powers are not implicit in the Emergency Banking Relief Act if a currency crisis or other fiscal emergency prompted the President to, once again, nationalize gold. VIENNA � 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. SECTION 19 � Penalty on de-basing the coins : And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of the fine gold or fine silver therein contained, or shall be of less weight or value than the same out to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offenses, shall be deemed guilty of felony, and shall suffer death. |
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