Source: Deutsche Bank Fulfilled Recent Gold Repatriation Request With Tungsten Salted Gold

An Austrian banking source has reportedly claimed that Deutsche Bank ‘fulfilled’ one gold repatriation in recent years with the help of Tungsten and further claims that the tungsten salted gold bars have turned up in Asia.

In 2009, Rob Kirby first uncovered detailed information regarding a massive plot to replace 400 oz good delivery gold bars with highly sophisticated tungsten filled fakes- and even provided evidence that the bars had been swapped with the gold held at Fort Knox.

Widely scoffed at by the financial media in 2009, Kirby appears to have released a Pulitzer worthy story nearly half a decade ahead of its time, as if the Austrian source’s claims are true and Deutsche Bank has in fact fulfilled a recent gold repatriation request with gold plated tungsten, the ramifications are that not only is every single claim made by GATA regarding gold and silver manipulation are 100% accurate, but that real, physical metal is now in desperately short supply and the jig is nearly up for the bullion bank cartel.

 

This is not 10 small retail PAMP bars found in the Manhattan jewelry district in which a retail jeweler was duped, but a sophisticated con of epic proportions, in which one of the world’s largest bullion banks has reportedly attempted to con a large client.

The Slog reports that at least some of the tungsten tainted gold has now turned up in Asia and that as alleged by Rob Kirby, the source appears to be the US:

A Slog source in Austria is now alleging that Deutsche Bank ‘fulfilled’ one gold repatriation in recent years with the help of Tungsten. He further claims that some of this has now turned up in Asia.  Their origin is thought by Beijing to be the United States of America.


This is no small retain scam:

We are talking about an Establishment eurobank alleged to have been caught short on a fulfilment order, and using the tungsten scam to fill the gap.

This is an entirely different criminal intent (from the Manhattan jewelry district discovery): not the somewhat crude attempt to con a retail greenhorn, but rather an well-planned and sophisticated ‘salting’ of the gold bars by a major bank….designed to fool even an expert engaged in approving the purchase for a large sovereign client.

 

Unlike when Rob Kirby first reported the story in 2009, in the wake of the massive LIEBORGATE scandal, bullion banks fulfilling gold repatriation requests with tungsten salted gold is suddenly 100% believable by the general public.

There is no reason at all for anyone to see this as far-fetched. The SME scams pulled by RBS, and Libor manipulations carried out across the piece of Establishment banking, have been solid evidence in recent times of desperation on the part of those suddenly faced with a brave new world where Berlin wants all its gold back….but the gold isn’t there any more.

 

Mr. Chavez, you may want to consider having the subject of your photo-op, as well as your entire 100 tons of gold repatriated in 2011 remelted ASAP.  Or, perhaps you are already perfectly aware of this matter and that explains why the tungsten filled bars are suddenly turning up in Asia.

Source: Reuters

No matter, if true and this story gains traction over the coming weeks, the cartel bullion bank gold and silver manipulation is history.

Got REAL PHYZZ?

Comments

  1. Wow, looks like the s**t is really about to hit the fan here!  I guess it is coming down to, “do we send the salted bars and cross our fingers or do the perp walk next week?” for our bankster friends.

    (I think I recognize that intersection too.  Thanks Doc!)

  2. I caught this today before they erased it

  3. Is there any chance the US government is messing with Silver eagles? 

    • Doubtful.  Some people like me will occasionally melt SAEs or turn them into colloidal silver and such.

    • When you buy Eagles, bring a scale with you. Lead isnt near as close to the specific gravity of silver like tungsten is to gold.

    • strannick,
      scale is not enough
      specific gravity silver = 10.5
      lead = 11.35
      iron = 7.9
      so, you could have a lead / iron mix with the exact same specific gravity as silver, and plated with silver
      or use something other than iron if you want it to be non-magnetic
       
       

    • I don’t think so because silver’s price is too low for now to counterfeit it and make profits. Even if the price of silver goes up, counterfeiting silver would be too hard because there aren’t any metals who have about the same density as silver.

  4. The chart looks like the Cartel digging for more Gold and Silver which they don’t have. It’s going to be interesting now in the next few months when Countries start checking their bars. Lol

  5. phony gold, phony loans, phony documents, phony derivatives, phony accounting.  The whole thing is built on a web of lies.  We have the real deal right here in our own personal banks.

  6. Ron Kirby has been all over this for over a decade.  Let’s follow the chain of custody.  Germany received their tungsten bars from London.  It’s come out recently that is what the Brown Bottom(1999-2000) was all about.  London most likely received the bars from our own Fort Knox.  The swap was made at Fort Knox by Treasury Sec. Robert Rubin serving in the Clinton Administration.

  7. Wake me when they start filling gold bars with silver………………….

  8. “This is an entirely different criminal intent (from the Manhattan jewelry district discovery): not the somewhat crude attempt to con a retail greenhorn, but rather an well-planned and sophisticated ‘salting’ of the gold bars by a major bank….designed to fool even an expert engaged in approving the purchase for a large sovereign client.”
     
    Expert or not, anyone who is receiving any gold bars these days had better do an ultra-sonic test on each and every one of those bars to see if they really are solid gold or a bit of gold wrapped around a lot of tungsten.  In any case, the day of the “London Good Delivery Bar” are ending right before our very eyes.  Trust is one of those valuable things that takes many years to create, yet only a moment to destroy.  Finding any tungsten in any gold bar means that ALL gold bars need to be examined VERY carefully from now on… regardless of source.

    • Oh, this is gettin’ good.  I could have use some more Cow Bell..


    • You don’t have to do some ultra-sonic tests on gold pieces that weights one ounce or less than that because the counterfeiters won’t be counterfeiting with those weights since it’ll cost them too much. Or, you can simply buy some physical silver instead.

  9. Arr oul tungsten ale berong to you! raff-raff-raff …  

  10. OK.  So they no longer are considered to be able to fulfill delivery.  If the bullion banks cannot, then who can?  So how does one ensure what they buy is, in fact, 100% the real thing?  I know you will say buy from a reputable dealer, but the dealers are being duped.  If the experts are being duped, what chance do novices have?
     
    In my thinking, is this a way to actually stop we commoners from loading up on silver and gold?  I will be even more hesitant to enter into the market. 
     
    Any advice beyond buying from a reputable dealer? 

    • What dealers are being “duped”? Experts? The bullion banks are the crooks, LOL. 

      Lots of good places to buy right now. What ”advice” are you looking for, or even talking about? Your statement makes little sense to me. 

    • What dealers are being duped? Uhhh, how about those 10 small retail PAMP bars found in the Manhattan jewelry district. Try to keep up.

    • Try to keep up? LOL. That is one example. Give me a break. Plenty of good dealers to buy from.

      BTW, your link doesnt work.   

    • joe,
      buying from a reputable dealer is really the best way to go
      the buyers being duped are small time solo operators or pawn shops who were lazy and didn’t thoroughly check what they were buying, that’s not who i would rely on.
      by reputable dealer, i mean a big metals dealer like apmex, miles franklin, gainesville, liberty, CMI, maybe even tulving
      maybe even the doc, as he buys from mints only, not from the public
       
       

    • Thanks Reflector.  I just wanted to see what other people are doing. 
       
      Bay of Pigs was an unmitigated fiasco.  I see you are living up to your handle.

    • What are you talking about Joe? You’re posting on a precious metal dealer site.

      Again, what’s the question?  You wanted advice “beyond a reputable dealer”. What does that mean? No need to insult with ad hom attacks either.

    • @Ordinary Joe

      Buy a blowtorch and 10 ounce crucible. That, or only deal in one ounce pieces. 

    • That’s why the best thing is to buy some physical gold and silver and hold them at your own possession because the bullion banks might not deliver them and “if you don’t hold it, you don’t own it”. 

  11. The 10 ounce and 100 ounce tungsten salted bullion bars were worth about 20% and 10% in gold content respectively. In other words, the 10 oz had $3,000 in gold and the 100 oz was more thinly layered an contained about $18,000 in gold while its real gold cousin would be worth nearly $180,000.   The bullion and central banks will probably continue to conveniently accept the ruse that their 10-20% salted bars are the same value as full gold bars just as they accept the ruse that Greek bonds are worth 100%  and will be paid at 100% of face value, with interest, while in reality Greek bonds are worth, at most 10% of face. The only interest paid is printed by the ECB in an effort to cover up the complete fraud of bond value.
    Spainish and Italian bonds are worth perhaps half of their face value, better than a salted bar, but still a fraud.   Bankers are quite willing to extend and pretend, fully engaged in the make believe world that if the loan is made it will be paid and with interest.  On a global basis neither the loans  nor  the gold salted bars will be exposed for the frauds that they are. Both loans and gold will be fully valued as collateral for another round of phony loans.
    The Emperor must have his clothes.

    • If you’re buying $175,000 gold bars, I would think a $3000 ultra-sonic tester isnt too great an expense.
      That way, if the bars only have 10% gold content, they only have to raise prices 90% to account for it.
      Silver’s looking uppity tonight. They’re going to have to find a few more fat-assed banksters to sit on the beachball

    • Paying a gold bar for 180,000$ when it is actually worth 18,000$ is a huge loss so it’s not worth taking the risk at buying bigger pieces of gold. That’s why I buy physical silver and physical pieces of gold that weigh one ounce or less than that.

  12. OT…but related.  I’m on the hunt for an SD IRA that allows me to take physical possession of the pm’s.  This is the last phase as I move out of the system but I can’t find out how to set this up. Is there anyone out there that has done this and can you help me out?

    Thanks,

  13. Dennis  I did the full SDIRA earlier this year with The Dollar Vigilante.  I was just reading their weekend post and they do still offer the SDIRA.  The idea is to have them set up the LLC that can own certain assets, up to and including gold and silver bullion.  My LLC was formed in Nevada but there are better states now.  You IRA is transferred to a new fiduciary to hold the cash until you transfer it to the LLC. The LLC then buys the gold and silver bullion. I bought mine from SD Bullion.  The one tricky part is how to hold it.  I read the IRS rules on how to hold it. The preferred way according to the language is with an outside souce like a bullion bank or vault or maybe a safe deposit box.  I preferred to hold it in a segregated safe at my home.  That appeared to handle the IRS holding issue. There is a fairly narrow channel of paperwork to engage this SDIRA but if you follow the paper trail and rules you should be safe.  Just in case the IRS got twitchy I did rent a SDB as a means to comply with the IRS if they came knocking.  But all in all, the system worked for me and my wife and our PMs for the SDIRA are safe at home.  If you dont hold it you dont own it or so says Doc and I follow that rule personally.

    • Long time reader, first time poster and I’m impressed with the speed of a response!  I’m on board with the theory of holding the pm’s to truly own them and this is the last cog in the wheel.  Appreciate the response, I’ll be setting this up tomorrow and hope to have things transferred by the end of the year.

      I’ll follow up with any new info that could be useful.

      Thanks,

    • Great precise response to an important question

  14. Dennis  I did the full SDIRA earlier this year with The Dollar Vigilante.  I was just reading their weekend post and they do still offer the SDIRA.  
     The idea is to have them set up a Limited Liability Corporation that can own certain assets, up to and including gold and silver bullion.  My LLC was formed in Nevada but there are better states now according t TDV.    Your present  IRA is transferred to a new fiduciary to hold the cash until you transfer it to the LLC. The LLC then buys the gold and silver bullion. I bought mine from SD Bullion.  The one tricky part is how to hold it.  I read the IRS rules on how to hold it. The IRS preferred way, according to the language,  is with an outside souce like a bullion bank,  vault or maybe a safe deposit box.  I preferred to hold it in a segregated safe at my home. 
    That appeared to handle the IRS holding issue.
    There is a fairly narrow channel of paperwork to engage this SDIRA but if you follow the paper trail and rules you should be safe.  Just in case the IRS got twitchy I did rent a SDB as a means to comply with the IRS if they came knocking.  But all in all, the system worked for me and my wife and our PMs for the SDIRA are safe at home.  ‘If you dont hold it you dont own it’ so says Doc and I follow that rule personally.

  15. Yeah I like that word  “force Majeure’  Luigi
      Loosely translated I think it means ‘Sure, we signed the contract to produce something but the dog ate my homework, the limo didn’t arrive, the dam broke, I just couldn’t help myself, so we can’t get you your stuff and BTW, you’re screwed.  Act of God and all, you know’ 

    • “Force majeure” is a french word that means “Major force”. Just saying. I like the way how English people pronounce “Deja vue”!

  16. How can any nation at the same time be gutsy enough to state a motion of unconfidence (almost an act of war) by repatriating heir gold, and then be stupid enough to not remelt ever grain the same day of delivery, with independent observers present?
    I can see how the receiving party of the tungsten would prefer to lay low, and quietly sort things out with the supplier. To ensure being served with good delivery gold before all the big vultures join in the frenzy.

  17. Options expiration on silver.  Looks like a raid coming at the open.  Let’s see how the SLA does?

  18.  This is interesting!  It’s about how the numbers 4 and 13 show up durring important events.


  19. Precious makes the point ‘which dealers are being duped?’ To me that is the key question, because the MSM can put out this shit without batting an eye, but the dealers experience will be real. Sure this will panic things a bit, but it seems not enough to move the Au price, which is strange. The whole world is strange nowadays. Nice reminder of how good Dire Straits were, RRG.

    But this article and the operational difficulties in December delivery fit perfectly with an escalating Middle East situation towards ww3, ‘end of the world’ in December, BS stories on solar maxima / aliens, and various analyses that Au and Ag are about to take off.

  20. AGXIIK said:  “Just in case the IRS got twitchy I did rent a SDB as a means to comply with the IRS if they came knocking.”

    Hey AGXIIK, why don’t you buy a bunch of tungsten bars, spray-paint them gold, and fill that safe-deposit box with them?
     
    Print out this thread, and if the IRS ever snoops in there and finds out the truth – just show them the article and say that everybody else is doing this.

    • Good one Mammoth.  I have given that some thought.  I need to find some really good duplicates of gold and silver American eagle coins.  Really cheap, like the ones you see on TV. 

  21.  
    Re: melting down Silver Eagles, here is another boring Mammoth anecdote:
     
    As I’ve mentioned, I often buy my Silver from private sellers.  About a year ago, I met up with someone who had a tube of Silver Eagles.  But when she emptied the tube on the desk (we met in a Bank – how ironic!), there were only 18 of the coins.  Embarrassed, the lady told me that her daughter makes jewelry, and had apparently pilfered her Silver Eagles in order to melt them down and form jewelry.
     
     
    Cute tale; one of a number of good ones that I have heard from private sellers…

    • @Mammoth: I think it’s just as important to know the experiences of other people within our everyday real world, the anecdotal stuff gives a larger understanding of how PMs fit in there, as it is to know what the Godzillas and King Kongs are up to so we can try to avoid being stepped on by them.

    • If it was in a bank, then did the bank charge you fees for showing the other sheeple inside the bank the silver which will give clues to others so that they’ll also start buying some silver? LOL! It’s not worth melting the silver American Eagles coins because they’ll lose a lot of premiums.

  22. Wouldn’t iran be PISSED if all that Gold they’ve been traded for their Oil, turned out to be Gold-plated tugsten bars?
    Ha ha ha ha ha ha ha ha ha ha! 

    • Iran has more stuff to worry about than finding out that its gold are all tungsten plated with gold. For example, they are worried that the USA will invade them or that Israel will attack them.

  23. Iran doesn’t need gold plated bars to have fair grounds to be pissed. They’re being invaded over nukes they don’t have, by all the powers who do, and have abused this fact for decades.

    Regarding self-plating off cheap coins. The gold ones would need to be put in platic cases, and then be put in a weighted wooded display box of sorts, else it will be too easy even for hasted thugs to tell they were just tango’d. 

  24. @AGXIIK: Oh, yes, do it! Fake them bastards out! A safe deposit box is not secure anyway. They are constantly being raided by governments, and I’m not talking third world, sometimes hitting individual ones, sometimes just emptying whole swaths. In the case of a bank holiday or other world-discombobulating event, a box wouldn’t even be accessible (unless you have plans to liberate it), with even more certainty the contents would be confiscated. If it get’s to the point they’re telling you it’s not real bling, just go, “Oh, N-o-o-e-s!!! I been robbed!!!”
     

  25. That is very true Precious.  I keep a faux SDB filled with some duplicate paperwork that is expendable, insurance policies, an old will and trust, 10 AE silver coins (just to draw them off the scent) and other silvery looking crap like some non-numistmatic coin sets I got 25 years ago. All things considered it looks like a treasure trove but is not worth $500.  All in all, a good investment in case someone goes snooping.  I know the bank manager. He’s in my Rotary Club and like they say, We talk.  He keeps me in the know about bankng stuff. I keep him in the loop on precious metals.

    • Rotary Club, you say…
      Not that it is any of my business, but what exactly goes on in a Rotary Club? Apart from the fact that they’re involved in community stuff, am I right that it is a para-masonic fraternity with special handshakes and masonic influence? What exactly does the Rotary symbol represent? My guess is it isn’t the Jewish Star of David… what is its significance?
      Any connection to the Lions’ Club?

    • I think ten silver American Eagles coins are too much. I think four of them should be enough because most of the thieves will think that silver is worth 500$ per ounce because it’s a precious metal. Most of the thieves are a bunch of sheeple.

  26. The Rotary Organization was started about 100 years ago by Paul Harris for the purpose of connecting business owners and community leaders, providing  a forum to work within local communities and connect businesses.  The Rotary symbol is a geared wheel of commerce.  The Rotary Organization has over 1,400,000 members in nearly every country in the world, promoting Peace through Service, the 2012 theme. 
    Rotary has a four way test.  1.  It is the truth? 2 Is it Fair to all concerned. 3  Wil it build goodwill and better friendships  4  Is it beneficial to all concerned.   It has no religious or political themes or connections since members come from all walks of life.
    The two main focuses are the member’s work in local communties with hours and funds to help those people who might need a leg up.  Our groups are the Boy Scouts, Boys and Girls Club, a feeding program,  cash assistance to youth and seniors, scholarships and education to mention a few.  We have done several major projects including an eye clinic in Uganda and a magrove restoration project in the Philippines. 
    The primary project of RI is elimination of Polio world wide.  There are only 3 countries in which polio still exists.  It is expected that polio will be eliminated in 3 years.  This has been a 3 decade project.
    This is a very brief overview of Rotary  It is much more since each club and member has the focus of his or her community uppermost in their minds.  We have good fellowship, weekly programs and a common sense of purpose. The are no secret handshakes, funny hats or the heads of deceased mammals on the walls.  Rotary is similar to Kiwanis, Lions and other service clubs.

  27. @Ordinary Joe: I meant to say earlier that your concern for authenticating PMs is totally justified. This latest big bank fraud go-round had me checking into ultrasonic equipment today as a possible business, which led me to all kinds of forgeries being described on various YouTube videos and their associated very informative comments. It made me realize that it’s an important and essential part of this game to learn how to identify the real shizz and the different ways how things might be faked.
     

  28. If that’s the case, then it looks like tungsten plated with gold have infested the gold market. If the physical gold is in short supply, then I wonder how’s the physical silver supply going on. Silver is harder to counterfeit than gold.

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