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[–] 20365148? 0 points 14 points (+14|-0) ago 

The gold is probably not pure. But this is irrelevant to anybody reading this who isn’t a billionaire. There’s no reason to buy such large amounts of gold at once. The whole point of this article and the timing of this article has to be to stop people from buying gold so that they can get it all, the little that’s left on the market. There’s no silver for volumes of investment above what regular people do. Rob Kirby said many months ago that he was finding it harder to for fill tons of silver than gold.

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[–] 20365928? 0 points 3 points (+3|-0) ago  (edited ago)

you are correct. it's fud. Buy from any major reputable dealer and you will get real gold. Also, stick to gold eagles and avoid anything packed in plastic.

If you buy from random people on ebay, that is not very smart.

If you are bvuying a lot of coins or bars, get yours a "sigma metalytics" analyzer and you can test them yourself.

And if you are a banker who buys pallet loads of 400oz bars, you get yourself an ultrasound tester and you can test those too.

EDIT: apparently I should have read the article a little closer... they are saying the gold is real but the stamps are fake. So this is apparently somebody with a large qty of illegally obtained gold that is laundering it.

[–] [deleted] 0 points 1 point (+1|-0) ago 

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[–] 20369632? ago 

Excellent response. Excellent advice. There are a lot of vendors who work in small quantities by internet. Apmex, Gold Silver, ITM trading (plastic ok, they like collectibles in case confiscation), Silver Gold Bull. Feel free to respond with more I missed. Also, there is a gold store in Oakland: Oakland Silver and Gold. Very good for new buyers.

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[–] 20367434? ago 

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[–] 20367430? ago 

https://www.foxbusiness.com/features/the-fed-has-6200-tons-of-gold-in-a-manhattan-basement-or-does-it

The Fed tells visitors its basement vault holds the world's biggest official gold stash and values it at $240 billion to $260 billion.

But "no one at all can be sure the gold is really there except Fed employees with access," said Ronan Manly, a precious-metals analyst at gold dealer BullionStar in Singapore. If it is all there, he said, the central bank has "never in its history provided any proof."

...

Other theorists suspect the gold beneath the New York Fed's headquarters at 33 Liberty St. may be gold-plated fakes. Some conspiracy-minded investors think the Fed has been secretly leasing out the gold to manipulate prices.