Gold, Clinton Crime Machine and The Real Reason The Federal Reserve Will Not Allow An Audit of the Gold Vaults?
Gold, Clinton Crime Machine and The Real Reason The Federal Reserve Will Not Allow An Audit of the Gold Vaults? by Rory – The Daily Coin
Rob Kirby, Kirby Analytics, wrote a very detailed article about the tungsten filled, or “salted”, gold bars the Chinese received in 2009, apparently, from the Federal Reserve by way of the U.S. Treasury.
I feel confident some of you are already familiar with Mr. Kirby’s article but for the new people and as a refresher of some of the more important points Rob makes in this great, must read, article let’s take a look. From my perspective, this ties in perfectly with the mainstream media brining the issue of “missing Federal Reserve gold” to the table in a recent Fox News article. If the gold was converted to tungsten then one must keep the veil in place to hide the crime.
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:
1] – irregularities in the publication of the gold ETF – GLD’s bar list from Sept. 25 – Oct.14 where the length of the bar list went from 1,381 pages to under 200 pages and then back up to 800 or so pages.
2] – reports of 400 oz. “good delivery” bricks of gold found gutted and filled with tungsten within the confines of LBMA approved vaults in Hong Kong.
As if this wasn’t bad enough, the heart-of-the-matter brings the Clinton Crime Machine (CCM) to the table. Can someone please explain to me why the CCM has never been, seriously, investigated for their decades long crime spree? Shadow government, anyone? Protected by their owners?
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:
The amount of “salted tungsten” gold bars in question was allegedly between 5,600 and 5,700 – 400 oz – good delivery bars [roughly 60 metric tonnes].
This was apparently all highly orchestrated by an extremely well financed criminal operation. Within mere hours of this scam being identified – Chinese officials had many of the perpetrators in custody.
And here’s what the Chinese allegedly uncovered:
Roughly 15 years ago – during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] – between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day. I know folks who have copies of the original shipping docs with dates and exact weights of “tungsten” bars shipped to Ft. Knox.
Further into the article Rob puts the nail in the coffin and we should have seen lots of people going to prison. To this day not one person has been brought to justice, seriously investigated or even been fired from their job. The Clinton Crime Machine was now fully embedded into the shadow government operating, not only outside of domestic law but, international law as well.
DA investigating NYMEX executive – Manhattan, New York, district attorney’s office, Stuart Smith – Melting Pot – Brief Article – Feb. 2, 2004
A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, was served with a search warrant by the district attorney’s office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange’s markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney’s office also declined comment.
The offices of the Senior Vice President of Operations – NYMEX – is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence “prove” that the amount of gold in question could not have possibly come from the U.S. mining operations – because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production.
We never have found out what happened to poor ole Stuart Smith – after his offices were “raided” – he took administrative leave from the NYMEX and he has never been heard from since. Amazingly [or perhaps not], there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau’s office who executed the search warrant.
Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave – all for nothing?
These revelations should provide a “new filter” through which Rothschild exiting the gold market back in 2004 begins to make a little more sense:
“LONDON, April 14, 2004 (Reuters) – NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.”
Interestingly, GATA’s Bill Murphy speculated about this back in 2004;
“Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just a guess on my part, but suspect:”
*SOMETHING IS AMISS. THEY KNOW A BIG GOLD SCANDAL IS COMING AND THEY WANT NO PART OF IT. …”
“ROTHSCHILD WANTS OUT BEFORE THE PROVERBIAL “S” HITS THE FAN.” BILL MURPHY, LEMETROPOLE, 4-18-2004
Coincidentally [or perhaps, not?], GLD Began Trading 11/12/2004
In light of what has occurred – regarding the Gold ETF, GLD – after reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool / catch-all, slush-fund and a likely destination for many of these “salted tungsten bars” where they would never see the light of day – hidden behind the following legalese “shield” from the law:
It sounds like GLD does have “gold bars”, that can’t be audited, but the “gold bars” are seemingly tungsten “salted” and only look like gold bars!
Which brings up two more interesting points as reported by the mainstream media in recent years.
- Bob Pisani, on live TV, showing a gold bar, including the serial number, that was later discovered did not belong in the GLD vault! Could it be that the bar didn’t belong because it was tungsten and it really didn’t matter what serial number was shown? Would any serial number match the GLD records? My guess is, probably not. Counterfeit products usually steal the necessary information from any source to add authenticity.I wanted to embed the video of Mr. Pisani holding up the gold bar, but it appears CNBC has decided that video should not be seen!! Wonder why?
Here’s a screen shot, taken from the video, clearly showing the serial number
2. Who could forget Kenneth Hoffman, once again on live TV stating very clearly, the vaults at the LBMA are all but empty. Bloomberg has not seen fit to scrub this video as of today. I will download to my computer for safe keeping.
So, we have tungsten “salted” “gold bars” at the Federal Reserve. We have scam gold bars within the GLD and empty gold vaults at the LBMA. Which all leads back to the question I have been asking for at least four years – where is the gold coming from to satisfy all the Eastern gold demand and physical demand for the rest of the world?