Friday, October 31, 2014

Has The Gold In Fort Knox Disappeared?

The United States Bullion Depository Fort Knox, Kentucky.
• Amount of present gold holdings: 147.3 million ounces.
• The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years.
• The gold is held as an asset of the United States at book value of $42.22 per ounce.
• The Depository opened in 1937; the first gold was moved to the depository in January that year.
• Highest gold holdings this century: 649.6 million ounces (December 31, 1941).
• Size of a standard gold bar: 7 inches x 3 and 5/8 inches x 1 and 3/4 inches.
• Weight of a standard gold bar: approximately 400 ounces or 27.5 pounds.
• Construction of the depository:
Building materials used included 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel, and 670 tons of structural steel. The cost of construction was $560,000 and the building was completed in December 1936.
• The Depository is a classified facility. No visitors are permitted, and no exceptions are made.
In 1950 the US owned about 20,000 metric tons of gold – approximately 640,000,000 troy ounces. By August 15, 1971 when President Nixon “temporarily” closed the “gold window” that hoard had decreased to about 8,100 tons.
1974 file photo gold bars are seen at the U.S. Depository in Ft. Knox, Ky.
President Nixon had a choice – default on the US promise to redeem dollars with gold, or reduce spending. Like any prominent politician he chose to continue spending and to blame the problem on someone else – the “international money speculators” but it might as well have been the Russians, Democrats, the French, Communists, an ethnic group, or the weather.
The US government spends roughly $3.5 Trillion per year and adds nearly $1 Trillion each year to the national debt. The official 260,000,000 ounces of gold are currently valued at about $340 Billion. The President and Congress would burn through the market value of that gold in slightly more than a month.

The Federal Reserve has “printed” well over $3,000,000,000,000 since the financial crisis of 2008 – about ten times the current market value of all the gold that the US supposedly still has in its vaults. Global annual gold production is about 2,500 tons, about 80,000,000 ounces or about $105,000,000,000. One hundred five billion dollars in global gold production is produced through the considerable efforts of the global gold mining community. But the Fed chose to “crank up the printing presses” and effortlessly created over $3 Trillion in new digital dollars since 2008.
The biggest question mark of all has been why no one has been able to see the gold for almost 40 years now. The last time anyone had access to inspect the deposits was on September 23, 1974. Members of Congress and news media were allowed access on that date and pictures were taken of the vaults with the gold deposits intact.
Ever since that day, there has not been anyone allowed access to confirm the gold amounts that are supposedly stored at the Fort.

Recently a team of Congressmen from several key states have been trying to gain access to Fort Knox for a visual inspection and confirmation of the gold reserves stored there. According to several of the Congressmen, they are having a difficult time even getting responses out of the United States Treasury and Mint departments and when they do, they are denied immediately.
THE CONSPIRACY THEORISTS fear that Ft. Knox is emptied, a process that started 50 years ago. Some gold bugs go even further, claiming that Ft. Knox's gold bars have been replaced with fakes filled with super-dense tungsten.





Thursday, October 30, 2014

No Stopping Barkerville Gold - BGM.v



Horror show continues as creditor installed management types can't be bothered to disclose what the monthly grease to keep the lights on actually is.

Amazing state of affairs but again, nothing new for the dipchit Venture. Loyal readers know well how Fire River Gold (FAU.V) traded for nearly a year whilst 1000% insolvent and creditor types attempted to offload worthless paper on the public.

Current incarnation is doomed, which is probably the singular reason J. Frank pretended to take a hike in the first place.


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The company reports, having recently received the written resignation of Frank Callaghan, that Norman Anderson, the company's current chairman, has been appointed the interim president and chief executive officer of the company. Mr. Callaghan remains a director of the company.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBGM-2197237&symbol=BGM®ion=C
J. Frank luck has finally run out, vis-a-vis the multi-year horseshoe up his hoop as he fended off those intent on offloading his hideous arse.

Damage was done via Sprott debt long ago so cry not for "poor" J. Frank.
"Interim CEO Anderson made sure to diplomatically thank Mr. Callaghan today for his "many years of selfless hard work and care . . . ." His selfless hard work last year came with a $240,000 salary, plus $1.2-million in fees charged by his private companies for exploration, deferred development, loan interest and administrative expenses. His son Sean also received $68,000 as he learned the business."

Read more at http://www.stockhouse.com/companies/bullboard/v.bgm/barkerville-gold-mines-ltd#IJwsiExTToptZxCL.99
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Monday, October 27, 2014

2014 La Biennale des Antiquaires in Paris

Graff Diamonds has announced that it will return to La Biennale des Antiquaires in Paris from September 11 with a new jewellery collection showcasing some of its rarest and most spectacular diamonds and gemstones.


Le Collier Bleu de Reve

Royal Star of Paris brooch




See ----->http://pennystockjournal.blogspot.ca/2014/03/graff-diamonds.html
See ----->http://pennystockjournal.blogspot.ca/2013/11/worlds-most-expensive-diamonds.html


TubbyWad Revisited - VFX.v

It seems Tubby's long running stupidity has run outta gas, in fact, this dopeshow has declined with every stupido utterance. It seems you can't fool all the sheeple all the Venture time. Go Figure.
It has gone on for too long. Tubby's spewing complete insulting horsechit pulled, no doubt, from ample and fully disgusting phat anus.

Yet another example where the regulator cannot put a stop to the obvious. I suppose we should be grateful TubbyWad isn't reporting his revenues by the minute as this PoS sewers.




Saturday, October 25, 2014

Amazing Shipwrecks


A bronze sword is among the artifacts. The 18-inch-long (45-centimeter) sword is of a style dated to between 950 and 850 B.C.
The Salcombe Wreck. Between 1200 and 900 B.C., a ship sank off the coast of Devon in England. Divers have so far uncovered 300 artifacts that weigh over 185 lbs combined, including copper and tin ingots (used to make bronze), weapons, and several pieces of jewelry. The wreck is significant because of its age and because the artifacts have proven that a trade network existed during the Bronze Age.
Golden adornments called torques which date to between 1300 and 1100 B.C.
The Belitung Shipwreck. The Belitung shipwreck was the first Arabian ship to be discovered and excavated. Found off the coast of Indonesia in 1998, it has yielded the richest and largest assortment of early ninth century Tang Dynasty gold and ceramic artifacts ever found–bowls, spice jars, inkwells, funeral urns, crystals, and gilt-silver boxes. Items included pearls from the Gulf, rubies and sapphires, a gold cup, and a silver flask.
The Antikythera Treasures. In 1900, divers discovered an ancient shipwreck just off the island of Antikythera. Another expedition in 1976 recovered the most significant part of the cargo. The massive haul of artifacts from the wreck included the Antikythera mechanism.

Coins and jewelry, glassware, pottery, statues, and even copper couch beds were found. One statue is a classical bronze statue made sometime from 340 to 330 B.C. named Statue of a Youth.
The Bom Jesus. The Bom Jesus was a Portuguese ship which sailed in 1533 and disappeared off the coast of West Africa. Geologists working for De Beers discovered the shipwreck buried in the beach. After uncovering several copper ingots, the mining operation was stopped and archaeologists were called in. It is the oldest shipwreck ever to be found off Africa’s coast and contained more than 22 tons of copper ingots, 6 cannons, swords, thousands of gold coins traced back to King João III, and more than 50 elephant tusks.
The Ghost Ship was accidentally discovered in 2003 by a crew searching for a Swedish plane shot down in WWII on the Baltic Sea. A full-scale expedition was launched in 2010, and researchers were able to confirm that the ship was built around 1650.

It is believed to be a type of Dutch ship known as a fluyt (a sailing cargo ship). The waters of the Baltic Sea have almost no tidal movement and the low salinity means shipworms are not able to inhabit it. That’s why the Baltic houses some of the most ancient and well-preserved vessels in the world.
The Vasa. The most exquisite shipwreck ever to be found in the Baltic Sea was the Swedish royal warship, the Vasa. Built between 1626 and 1628, it sank on its maiden voyage, less than a nautical mile from the harbor.

During a recovery operation in 1961, thousands of artifacts and human remains were removed. The wreck was so well-preserved that the smallest details could still be discerned on its artwork. It took more than eighteen months and 1,300 dives to salvage the Vasa. The Vasa museum is one of the most popular tourist attractions in Sweden.