Rust discovered on Bank of Russia-issued 'gold' coins

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Rust discovered on Bank of Russia-issued 'gold' coins - 7/17/2010 10:56:30 AM

pahunkboy

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Rust discovered on Bank of Russia-issued 'gold' coins

Zero Hedge reports tonight about Bank of Russia-issued gold coins that have been found rusting, which gold doesn't do. Zero Hedge concludes: "The Central Bank of Russia has been one of the biggest purchasers of gold in 2010, having bought gold every single month. It would be embarrassing if it were discovered that not only is the bank diluting the gold content with oxidizable materials, but subsequently passing it off for .999-proof precious metal. And if this is happening in Russia, one wonder what trickery other central banks, with a far lower amount of gold in their vaults, resort to." Now that it seems to be in a journalistic mode again, maybe Reuters should ask the Bank for International Settlements if its recent gold swaps have anything to do with those Bank of Russia coins. Another refusal to comment from the BIS would be especially delightful right now. You can find the Zero Hedge report here: http://www.zerohedge.com/article/rust-discovered-bank-russia-issued-999-...

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RE: Rust discovered on Bank of Russia-issued 'gold' coins - 7/17/2010 12:01:20 PM

thornhappy

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When I see that a site doesn't have have a link to "about us" but instead has one for a "manifesto", I'd walk away.

When they use pseudonyms instead of their own names, I'd walk faster. Hunk, you're always looking for conflicts of interest; by using a pseudonym you have no way to research conflicts of interest.

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RE: Rust discovered on Bank of Russia-issued 'gold' coins - 7/17/2010 12:05:57 PM

pahunkboy

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Do you own any rust?

Do you own any gold?

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RE: Rust discovered on Bank of Russia-issued 'gold' coins - 7/18/2010 8:50:06 AM

Termyn8or

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Hunky, fake gold is as old as the hills, literally. I don't doubt the story because of the source or any other reason. Did the Russian government actually do it ? Who cares. But as a stacker you should have some sort of acid teat to make sure you are buying the real McCoy.

It is all over the place. As opinionated as the AFP is, they have alot of good information and have been proven right later many many times. I read it. But there was an ad in there advertising coins at 10% under melt. I don't fucking believe it. I would melt it and it would be legal since it is not US currency. Not that I care, I will do whatever I please, but that is not the point. The point is what idiot would sell coins under melt ? The answer is just about nobody. The only people would be those who are extemely desparate, and they would not have the money to advertise in the AFP or anywhere else.

Too good to be true means it isn't true, period.

T

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