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Kurr
1000+ Penny Miser Member
2906 Posts |
 Posted - 07/17/2010 : 18:46:19
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Here's a head scratcher: as everyone knows from elementary chemistry courses, gold is the most inert metal in the world - it does not rust, nor corrode. Yet this is precisely what Russian commercial precious metal trading company, International Reserve Payment System, discovered on thousands of (allegedly) 999 gold coins "St George" (pictured insert) issued by the Central Russian Bank. The serendipitous discovery occurred after various clients of the company had requested that their gold be stored not in a safe, but in a far more secure place: "buried under an oak tree." As the website of IRPS president German Sterligoff notes: once buried, "the coins began to oxidize under the influence of moisture." And hence the headscratcher: nowhere in history (that we know of) does 999, and even 925 gold, oxidize, rust, stain, spot or form patinas, under any conditions. Furthermore, as IRPS discovered, Sberbank of Russia released an internal memorandum ordering the purchase of the defective coins with the spotted appearance. Sterligoff concludes: "It should be noted that the weight and density of the rusty coins coincide with the characteristics of gold that would be expected after after conventional testing methods would reveal. We think that the experts will be interesting to determine the nature of this phenomenon." So just how "real" is 999 gold after all, either in Russia or anywhere else?
As a consequence of this discovery, IRPS decided to "rid itself of all stocks, bought up earlier from the Central Bank on behalf of investors. Investment coins "St. George The Conqueror", as well as other gold coins of the Bank of Russia, are now excluded from the company's operations until all circumstances in the case are determined." Additional, as disclosed in the interview below for Here and Now show on TVRainRu, the Russian Central Bank would buy back the coins at a price of 9,300 rubles, despite prevailing prices for the bullion at well over 10,000.
As Zero Hedge has pointed out previously, the Central Bank of Russia has been one of the biggest purchasers of gold in 2010, having bought gold every single month. It would be embarrassing if it were discovered that not only is the bank diluting the gold content once received with oxidizable materials, but subsequently passing it off for 999 proof precious metal.
And if this is happening in Russia, one wonder what trickery other Central Banks, with a far lower amount of gold in their vaults, resort to...
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The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b]
He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
KJV Bible w/ Strong's Concordance: http://www.blueletterbible.org/
The book of The Hundreds: http://www.land.netonecom.net/tlp/ref/boh/bookOfTheHundreds_v4.1.pdf
The Two Republics: http://www.whitehorsemedia.com/docs/THE_TWO_REPUBLICS.pdf
Good reading: http://ecclesia.org/truth/government.html
A number of people are educated beyond, sometimes way beyond, their intelligence. - Tenbears
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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 07/17/2010 : 21:22:43
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Rusty Gold.......
I thought that this might be about the television program called American Pickers.
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Think positive. |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 07/17/2010 : 21:28:49
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| Never trust a Rustky! |
Beer is my currency. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/17/2010 : 21:50:48
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if you were going to do that, why not just dilute it with silver?? would it still be gold colored? Will be interesetd to see what more comes of this.
Has anyone found it in a more official format.
The linked article is very 'rustic'. Has this been published in any bigger media venues? |
"May your percentages ever increase!" |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/18/2010 : 13:23:22
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| I have my doubts about this entire story. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 07/19/2010 : 15:17:39
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| Love watching American Pickers. The places those two go sometimes scares me... and I am from Appalachia. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 07/20/2010 : 09:47:37
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I remember reading stories about tungston filled gold bars last fall. I believe tungston corrodes, but I don't think it rusts.
Also if you had gold bars/coins with steel or iron in them, wouldn't the weight be pretty far off? |
Edited by - theo on 07/20/2010 09:48:13 |
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tmaring
Penny Collector Member
USA
302 Posts |
Posted - 07/22/2010 : 18:50:52
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quote:
Originally posted by Ardent Listener
I have my doubts about this entire story.
Me too. I think it's complete BS. I make a lot of things out of copper, silver, gold etc... pins, coins, medals, badges, buttons, earrings, pendants, baubles, beads etc. If I leave a piece of gold lying around on the bench where I'm soldering and it gets a spatter of soldering flux on it... it will spot... looking just EXACTLY like the photos of the russkie coins. Gold is not COMPLETELY inert. It forms chloride compounds and complexes with cyanides. So exposure to certain chemicals will spot it. No big deal... it rubs right off, surface contamination. |
Tom Maringer
Shire Post Mint
Springdale, Arkansas |
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 07/22/2010 : 19:05:24
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| If the people who discovered this were PM dealers, why not get the coins analyzed before calling the news? |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/22/2010 : 20:03:29
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| It just doesn't make sense. Any worthwhile fake would at east use tungsten instead of steel. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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TXBullion
Penny Collector Member
374 Posts |
Posted - 07/23/2010 : 15:25:12
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| Yea and any worthwhile fake would also end up on eBay, im not sure i saw any rusty gold coins on there |
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Rust Discovered On Bank Of Russia Issued 999 Gold
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