Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: fillippone on July 04, 2019, 11:33:22 AM

Quote from: Wilhelm on July 04, 2019, 11:30:23 AM

There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.

And way more Tungsten than required.
Just ask the Germans (Gyrsur, are you around?) how long it took to take THEIR gold back to motherland.

EDIT:
Yes, tungsten filled Bullion is a real thing, even for expereinced traders: How A Manhattan Jeweler Wound Up With Gold Bars Filled With Tungsten

EDIT2:
Intreesting read on the topic: How Germany got its gold back

You really think a bunch of politicians could keep their fingers out of a honey pot that is hidden from the general public?

Any gold left is undoubtedly rehypothecated 74x. Which makes the whole idea of going back to a gold standard laughable.