Arrest Warrant for "Sex Crimes" Against Wikileaks Founder Julian Assange Is Only for "Sex Without a Condom"

 

S&P Threatens To Cut Greece Further Into Junk Territory, Sees One-Two Notch Downgrade Chance

 

Lots of fake gold shows up in Hong Kong

 

In the News Today

Posted: Dec 02 2010     By: Jim Sinclair      Post Edited: December 2, 2010 at 9:09 pm
Filed under: In The News

Dear CIGA’s
This is EXTREMELY SERIOUS for reasons that most gold observers haven’t a clue about.
At this moment it appears as if some smartass scientist has found the Holy Grail of counterfeiting.
It will slowly but significantly impact gold ETFs – especially if an investor reads the prospectus.
It will result in market demand that exchanges with warehouses, verifying that the gold is in fact gold. It also will benefit the sovereign coin market.
Jim

Subject: FW: $$: Lots of fake gold shows up in Hong Kong

Dear Jim:
Without knowing the exact ratios, it looks like a PhD-level metallurgist has come up with a perfect recipe to fool a density test checking for tungsten. The metallurgist has now created an extremely exotic alloy that’s a generation beyond the simple "tungsten scam". This alloy is more expensive than tungsten and with the right combination of elements could have close to the same density as gold.

I am concerned!
Sincerely,
CIGA in the Bullion Know


HK gold market hit by sophisticated scam
By Robert Cookson in Hong Kong
Published: December 2 2010 03:59 | Last updated: December 2 2010 03:59
Hong Kong goldsmiths have been sold hundreds of ounces of fake gold this year in one of the most sophisticated scams to hit the Chinese territory’s gold market in decades.
Industry executives say the scam – while not massive and hitting only the retail sector – uncloaks the increasingly elaborate gold swindles perpetrated by criminals in Asia as bullion prices soar to record highs of $1,400 a troy ounce.
The counterfeits have shocked Hong Kong’s gold community not because of the amount involved, but because of their sophistication.
“It’s a very good fake,” said Haywood Cheung, president of the Chinese Gold & Silver Exchange Society, Hong Kong’s century-old gold exchange, highlighting how criminals are developing new techniques to commit an age-old fraud.
More…

Breakouts imminent in silver, then gold and shares, Turk says

 

Holidays about survival as jobless benefits end

Russia's central bank to invest reserves in Australian dollar. 

Jeb Bush: Some States Already ‘Bankrupt’

The Euro Game Is Up   

Euro, Stocks, Spanish Bonds Fall On Concern European Debt Crisis To Spread   

New Phase Of Debt Crisis Striking Now!  Despite Rescues!   

Global Sovereign Debt Default Bankruptcy Bailout And Contagion Risk Assessment   
 
Huge Drop In Credit Card Users