finding that amount of gold bars is incredibly hard. People usually respond "comex & london" has gold bars? I dare say 30% are fake, numerous occasions where gold bars stored in the vault are fake.
To what extent does it matter that some of the bars in the vault are fake if everyone has confidence they’re real?
Also it seems like anyone who might inadvertently acquired some in lieu of the real thing & suspect the fraud down the line, they really have little incentive to cut the bar in half to find out. Best not to know.
Anyone who thinks they might be that person, or thinks they might sell to that person, certainly cares! They’re the ones who will suffer the consequences of the fraud.
https://www.usmint.gov/learn/history/historical-documents/in...
> Creating a shortage where it does not exist can adversely affect every public spirited citizen, taxpayer and conservator of the earth’s resources. It is inflationary should merchants start to round off sales to the next nickel due to lack of pennies to make change.
> Again, I’d like to emphasize. There are plenty of pennies. But they are in the wrong places.
> It is estimated that over 30 billion pennies are in circulation—doing the job for which they were intended. Somewhere in this vast country of ours, however, in excess of 30 billion pennies are in hiding. These are the pennies I’m looking for. They are in dresser drawers, shoe boxes, pickle jars; most anyplace you can think of that will get them out of pocket and out of sight. They are unwanted, unused and unappreciated.
https://www.usmint.gov/learn/history/historical-documents/mi...
And even better - that gold was mostly gold seized by the gov’t from private citizens when private ownership of gold was banned and all circulating coinage and other gold was seized!
It truly is an attractive nuisance for the corrupt.
Also called "Good Delivery Bars", typically 400oz.