Analysis of News—www.analysis-news.com
Of Interest to Investors, Survivalists and Others Concerned
About Their
Economic and
Financial Futures
__________________________________________________________________________________________________________________
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
The Goldsmiths—Part XXXXI
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
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why they succeed and how to follow their manipulations.
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