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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Tuesday, October 28, 2014

Argyle Pink Diamonds Tender 2014

Rio Tinto’s iconic Argyle pink diamonds tender was unveiled during a world exclusive preview in Sydney, Australia last month. The 2014 collection is comprised of 55 diamonds, including 51 pink and purplish-red diamonds and four fancy red diamonds.

The Argyle Cardinal
The star of the tender is a radiant cut, 1.21 carat, Fancy Red diamond named after the red North American bird. Some industry experts believe this stone could break the “per-carat” record of $1.6 million for a Fancy Red diamond.

The Argyle Rosette
Other diamonds headlining the 2014 collection are the Argyle Rosette which is a 2.17 carat fancy intense purple-pink emerald cut diamond and the Argyle Toki which is a 1.59 carat fancy intense purplish-pink emerald-cut diamond.

Argyle Toki



See ----->http://pennystockjournal.blogspot.ca/2014/07/2014-argyle-pink-diamonds-tender.html
See -----> http://pennystockjournal.blogspot.ca/2014/04/rio-tintos-rough-diamond-tender.html

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