pondering over the lost audit reports

Pondering over the lost Audit Reports Comments to US Government Lost 7 Fort Knox Gold Audit Reports jwr I have been pondering over the years of the missing reports 1975, 1976, 1978, 1979, 1982, 1983 and 1984. Certainly gold is supposed to have been lost, but how? Wouldn't it have been difficult to break lots of seals and secretly manipulate bars to replace the precious metal by some cheaper replacement? This would at least leave the total amounts unchanged and merely manipulate the bars' labels. Of course there have been some rumors of converting good delivery bars into tungsten salted bars, which needed to be correctly numbered to match the inventory lists. Then there was the problem how to insert these salted bars into the market. A normal sale could not be risked 1 . A sale into a bullion collateral ETF-storage may be considered as a perfect idea. These GLD-bars may have been sold by the UK-government and stored into the November 2004 newly created GLD-vault 2 . GLD's gold is not audited 3 . Today the GLD-storage contains 714.07 tonnes 4 . HM Treasury organized the sale of 395 tons UK gold reserves between 1999 and 2002. The Gold- prices bottomed resulting in the Brown Bottom. Of course the gold price crashed, because most of the bars might have been cast around tungsten cores. This recasting may have happened around 1998, probably somewhere in the USA, although part of the shipment must have been delivered to the UK for storage at the GLD-vault. Of course the rest may be found in other vaults: 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 5 . I found the missing screenplay for the GLD-mission in a blog (from user tcg1022 dated 2012): “Further, what if some way had to be found for these bars to be injected into the global physical gold market that had become very short of supply and was causing major fractures in the paper/physical reconciliation ? And what if at the same time it was desired to create a novel way to suppress the gold price ? Why not have Gordon Brown "sell" a massive amount of gold (actually tungsten) in 2003 and shortly afterwards create a ETF called GLD (2004) and let that fund take delivery. That kills about 3 birds with one stone. 6 1 The problem seemed to be to store these salted bars without risking discovery by inspections. 2 The Strange And Interesting History Of The GLD ETF 3 As an accountant, I find the lack of audits of GLD's gold bullion inexcusable. How are we supposed to know the gold is actually there? - Risks in owning GLD | Market Skeptics 4 Harvey Organ: Metals Are Behaving Differently! 5 JIM WILLIE - General News & Comments - Green Energy Invest 6 What IF? [Archive] - Kitco Forums – comment from user tcg1022 dated 02-20-2012, 08:32 AM

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I have been pondering over the years of the missing reports 1975, 1976, 1978, 1979, 1982, 1983 and 1984. Certainly gold is supposed to have been lost, but how? Wouldn't it have been difficult to break lots of seals and secretly manipulate bars to replace the precious metal by some cheaper replacement? This would at least leave the total amounts unchanged and merely manipulate the bars' labels.Of course there have been some rumors of converting good delivery bars into tungsten salted bars, which needed to be correctly numbered to match the inventory lists. Then there was the problem how to insert these salted bars into the market. A normal sale could not be risked. A sale into a bullion collateral ETF-storage may be considered as a perfect idea. These GLD-bars may have been sold by the UK-government and stored into the November 2004 newly created GLD-vault. GLD's gold is not audited. Today the GLD-storage contains 714.07 tonnes . HM Treasury organized the sale of 395 tons UK gold reserves between 1999 and 2002. The Gold-prices bottomed resulting in the Brown Bottom. Of course the gold price crashed, because most of the bars might have been cast around tungsten cores. This recasting may have happened around 1998, probably somewhere in the USA, although part of the shipment must have been delivered to the UK for storage at the GLD-vault. Of course the rest may be found in other vaults.I found the missing screenplay for the GLD-mission in a blog (from user tcg1022 dated 2012)...

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Pondering over the lost Audit ReportsComments to US Government Lost 7 Fort Knox Gold Audit Reports

jwr

I have been pondering over the years of the missing reports 1975, 1976, 1978, 1979, 1982, 1983and 1984. Certainly gold is supposed to have been lost, but how? Wouldn't it have been difficult tobreak lots of seals and secretly manipulate bars to replace the precious metal by some cheaperreplacement? This would at least leave the total amounts unchanged and merely manipulate thebars' labels.

Of course there have been some rumors of converting good delivery bars into tungsten salted bars,which needed to be correctly numbered to match the inventory lists. Then there was the problemhow to insert these salted bars into the market. A normal sale could not be risked1.

A sale into a bullion collateral ETF-storage may be considered as a perfect idea. These GLD-barsmay have been sold by the UK-government and stored into the November 2004 newly createdGLD-vault2. GLD's gold is not audited 3. Today the GLD-storage contains 714.07 tonnes 4.

HM Treasury organized the sale of 395 tons UK gold reserves between 1999 and 2002. The Gold-prices bottomed resulting in the Brown Bottom. Of course the gold price crashed, because most ofthe bars might have been cast around tungsten cores.

This recasting may have happened around 1998, probably somewhere in the USA, although part ofthe shipment must have been delivered to the UK for storage at the GLD-vault. Of course the restmay be found in other vaults:

Roughly 15 years ago during the Clinton Administration [think Robert Rubin, SirAlan Greenspan and Lawrence Summers] between 1.3 and 1.5 million 400 oztungsten blanks were allegedly manufactured by a very high-end, sophisticated refinerin the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of thesetungsten blanks received their gold plating and WERE shipped to Ft. Knox and remainthere to this day. I know folks who have copies of the original shipping docs with datesand exact weights of tungsten bars shipped to Ft. Knox5.

I found the missing screenplay for the GLD-mission in a blog (from user tcg1022 dated 2012):

Further, what if some way had to be found for these bars to be injected into the globalphysical gold market that had become very short of supply and was causing majorfractures in the paper/physical reconciliation ? And what if at the same time it wasdesired to create a novel way to suppress the gold price ? Why not have Gordon Brown"sell" a massive amount of gold (actually tungsten) in 2003 and shortly afterwardscreate a ETF called GLD (2004) and let that fund take delivery. That kills about 3 birdswith one stone. 6

1 The problem seemed to be to store these salted bars without risking discovery by inspections.2 The Strange And Interesting History Of The GLD ETF3 As an accountant, I find the lack of audits of GLD's gold bullion inexcusable. How are we supposed to know the

gold is actually there? - Risks in owning GLD | Market Skeptics4 Harvey Organ: Metals Are Behaving Differently!5 JIM WILLIE - General News & Comments - Green Energy Invest6 What IF? [Archive] - Kitco Forums comment from user tcg1022 dated 02-20-2012, 08:32 AM

Comments to US Government Lost 7 Fort Knox Gold Audit Reports