Tuesday, October 27, 2009

Gold Frauds

GLD, a leading gold ETF, which publishes its bar-list every Friday at the close of business, reporting the serial number of every bar in inventory. The list is customarily well over a thousand pages long. But, lo and behold, on Friday, October 2, and on Friday, October 9, the bar-list shrank to a mere couple hundred pages, with no explanation offered.

Reports are circulating that similar audits of certain Asian depositorieshave already produced "good" delivery bars (400 oz or 12.5 kg gold bricks) that have been gutted and stuffed with tungsten - a metal whose specific weight approximates that of gold

http://www.businessinsider.com/mystery-why-did-glds-published-list-of-gold-bars-shrink-2009-10

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