Monday, September 24, 2012

Bix Weir - Fake Gold

Bix Weir - Fake Gold
The FAITH BUBBLE is bursting. This crosses the entire spectrum of the investing world as people are finally discovering that the world they live in is a false paradigm filled with con men and corruption.
The latest con is something that had been rumored for years and yet never really hit the mainstream media and that is tungsten filled gold bars. Last week it hit the mainstream with a MINIMUM of 10 bars found to be tungsten filled. Here's's take:
Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
What has not been talked about is what the ratio of fakes-to-real is. Yes, they found 10 problem bars but what they didn't say is how many bars were tested. Were 100 bars drilled and 10 fakes found? That would be 10% fake-to-real ratio in this batch of gold bars. Or maybe only 20 bars were tested and 10 were found to be fake making it a 50% fraud ratio! Maybe only 10 bars were tested and all 10 were fake!
We just don't know and THAT IS THE PROBLEM!
I guarantee you that 99.9% of you have not. Frightening reality.
But this is NOT new to subscribers to the Road to Roota. As a matter of fact, I was jumping up and down about this in March 2010! That gets me back to the importance of being EARLY in my future predictions rather than being LATE. Those who give time frames for the collapse in 2-5 years have been saying 2-5 years for over 10 years! They think it helps their credibility because they never right but never wrong. Ultimately they will be WRONG because they'll be saying 2-5 years until the day before the CRASH...then they will say I TOLD YOU SO!
Preparing yourself as if the crash is imminent will serve you much better than those taking your time thinking you have 2-5 years in perpetuity!
Back to my warning in March 2010...
Here's the article I posted:
Fake Silver Moly-Bars?
Read my conclusion carefully:
"Let's face it, the only way to regain trust in the gold and silver markets will be to completely overhaul the entire physical testing and storage system."
"Basically, we need a global remelt and re-certification."
"As for us little guys...this kinda makes you wish you had paid the premium for those 1oz Gold and Silver Eagles and pre-1965 US coins...surely we can trust the US Government...can't we?"
When this is all over those of us sitting with real, verifiable .999 gold and silver will be Kings of the World...
May the Road you choose be the Right Road.
Bix Weir
*Before you ask...YES. You should swap your gold and silver bars for small silver coins. Go to your local dealer or call Miles Franklin at 800-822-8080 and you can do it over the phone. Don't worry about the premium will make it up in the premium gained when trust in physical bars stops all together!

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