-- Posted Monday, 2 March 2009 | | Source: GoldSeek.com
Analysis of News—www.analysis-news.com
Of Interest to Investors, Survivalists and Others Concerned About Their
Economic and Financial Futures
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With a focus on the Plutocrats, Goldsmiths, Super-Rich Insiders, and their Allies and
what they are conspiratorially doing to manipulate the financial markets, make more
profits, rip us off and install a world government under their control
By R. D. Bradshaw
The March 2, 2009 issue of Rense.com had a couple of articles which will surely have an impact on gold and silver in the coming days. The first one, by Brian Harring, was on the “Mass Counterfeiting of American coins.” Based on reports from Coin World magazine, Brian said:
“With the collapsing American economy, many Americans are rushing to invest in gold; either coins or bar, and also silver. One of the most popular forms of this investment are American coins. Where there is a need, there is always someone to fill it and in this case, the filling consists of the massive counterfeiting of gold coins, silver coins, and even Swiss gold bars in China. Initially, it appeared they were only faking Morgan dollars, but then it turned out they were also making $20 Liberty, and Indian Head gold $2.50, $5, and $10 coins, of all dates. Evidently, this is extremely easy with today's computer-and-laser-die-cutting technology, and the fakes are being die-struck in vast quantities, not cast, and visually at least, are superb copies.
“The good news is that these fakes are readily detectable with a 0.01 - gram scale, as the Chinese in their greed are using lower carats of gold and lower grades of silver than the genuine coins, to maximize profit, and thus, in most cases, the fake coins and bars are lighter than the real ones. In a few cases, the silver coins of high numismatic interest are actually OVER weight - it appears that the supply of accurate planchet stock is a major difficulty for the forgers.”
An inquiry was made at a European bank on the problem. The bank said that indeed “the Chinese are also faking sovereigns, half sovereigns, French 20 Franc gold, and various denominations of Nicholas II Russian Rubles, of all dates, as well as Swiss gold bars. They said any gold bars they are offered for purchase are both weighed and the serial numbers checked with the manufacturers. The Chinese do not know the serial and manufacture date numbering systems on the gold bars, and so that error is quickly detectable.”
In going on, the report noted that “The US Secret Service has just this week been made aware of this problem, which was new to them, and if they decide to launch an investigation, they have indicated that while they cannot do anything about the operations in China, they can, and will, seize any counterfeit US coins they come across. Dealers in these fakes would also be liable to fines and jail time. Foreign fakes are not under their purview, but if that business turns out to be substantial, there could conceivably be an FBI investigation of fraud in interstate commerce, targeting companies who are mail-ordering fake foreign coins. Individuals who have been cheated might also sue their suppliers - in short, this could turn into a huge mess.
“General appearance aside, it is very easy to spot fakes - just with a scale reading to 1/00th of a gram, and a table of the correct weights and sizes of the coins or bars they are buying. (In the case of large-size bar gold, unless buying from the manufacturer or a reputable bank, the serial numbers need to be verified, so that one does not buy a Chinese bar with a lead or mercury core).”
Here is a listing of some of the frauds uncovered so far:
1. The U.S .Morgan silver dollar. All dates and all mint marks
2. The U.S. gold coins viz the $2.50, $5.00 and $10.00 Indian head.
3. The U.S. copper penny viz 1909 S vdb
4. Three gold Imperial Russian roubles from the reign of Nicholas II
5. A gold 20 franc coin with the head of Napoleon I on the obverse
6. The South African Krugerrand
7. British sovereigns and half sovereigns of different monarchs and dates
8. And in addition, they are also making fake gold bars from the Credit Suisse people.
Rense.com had a second report from Susan Headley on the counterfeiting problem in China. Without going into the details, it can be said that the Chinese have a particular skill at making reproductions of originals. Suffice to say, they are given credit for up to 80% of all worldwide counterfeiting. In 2005, US Customs seized $93 million worth of counterfeit goods from China.
Now the Question of What this may mean for the price of gold?
Long term, probably this report on Chinese counterfeiting may not amount to much. But there is likely some impact on gold and silver coins in the short term. If the plutocrats elect to publicize it and play it up, it could particularly hurt gold and silver short term.
The very fact that a report like this is coming out now, when the manipulators may begin to have some problems in controlling gold and silver prices, may act to give them a boost in the next month or so. In other words, it may especially scare off some rare gold and silver coin purchases which in turn will not set well with the overall gold and silver markets.
Unless the plutocrat controlled media overworks this story and continually brings it to the attention of Americans, it should soon die out for the benefit of the long term gold and silver markets.
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Back issues of the Goldsmiths, by the editor of the Analysis of News, can be accessed from a Google or Yahoo search engine by typing in “R. D. Bradshaw” Goldsmiths. Several hundred web sites can be found with the back issues and with translations to Spanish, Italian, German, Chinese and other foreign languages. Finally, the “Archives-Goldsmiths” of this website (www.analysis-news.com ) has all of the Goldsmith articles issued to date.
Besides the revelations contained in the Goldsmiths’ articles, the work of the plutocratic financial market manipulators to conspiratorially manipulate and control the financial markets (to make more profits and install a world government under their management) is also addressed at length in the periodic analysis of the news and in other articles produced at www.analysis-news.com. This website has an article of interest to any person interested in understanding the market Manipulators. It is the Hidden Secret of the Manipulators, why they succeed and how to follow their manipulations.
Readers of the above articles are invited to visit www.analysis-news.com and become a subscriber to regularly read some of the material from the world of information which will further reveal how extensive the manipulation, control and dishonesty realities are in the financial, currency and commodity markets, not only in the US but indeed around the world.
To go to the home page of this website, please click at the link here: www.analysis-news.com.
-- Posted Monday, 2 March 2009 | Digg This Article
| Source: GoldSeek.com
