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Is Gold The Biggest Fraud In History?


Published on Jul 25, 2017

Gold has been used as a form of currency for thousands of years, and even today is a huge part of the world economy due to how stable the gold market is. But some claim that 80% of the gold owned today doesn’t actually exist…If this is true, it would be the largest case of fraud in history.

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9 Responses to Is Gold The Biggest Fraud In History?

  1. Hal Apeeno says:

    Follow the matzo crumbs…

  2. Mark Schumacher in LV says:

    The only way it’s not a fraud is if you mine it yourself.

  3. flee says:

    I would say religion is the biggest fraud.

    And Churchianity.

    I bet I could beat somebody to death faster with a bible or koran than a gold bar.

  4. Melchizedek says:

    Most “gold bars” are gold-plated tungsten.

  5. flee says:

    Bow down b4 the ones you serve.

    Your gonna get what you deserve.

    NIN

    • DL. says:

      Interesting you’d bring up, NIN, flee…one of my fave students ever (when I taught in El Paso) was a huge fan of NIN. (He even said Nirvana is over-rated, and I agree…NIN said it so much better than Kurt Cobain could ever hope to!)

      • flee says:

        Dude…
        I gotta drop some serious knowledge.

        Because to keep it to myself.

        Would be a sin.

        The last Vinny Eastwood podcast 6/20/18

        Had an x Jesuit priest as a guest.

        You can find the archive at American Freedom Radio.

        Just select the archive clicker at the menu.

  6. Bravo3 says:

    People who traded their gold for cash eventually end up working for those who traded their cash for gold. Now get back to work, beyotches!!

  7. David James says:

    The commentator asks a foolish question out of ignorance of what gold is. Gold is a rare item, same as paintings, antiques, and millions of other types of rare items. The benefit of gold, is that it can be used as a medium of exchange, because of its ability to be assayed to exact measurements of value by purity & weight, unlike ALL other rare items.

    It’s been valuable for 5,000+ years, since it is so rare as compared to other metals. All other types of metal could be used for exchange in commerce, but you’d need to transfer massive quantities of certified weight & purity, depending on the rarity of each metal, making it impractical to use for everyday monetary exchange. Paper currencies can ONLY be CONSIDERED as having value, depending on “opinions”, as proven over history, as paper has been used to defraud the masses with make believe purely invented PAPER VALUATIONS of currencies.

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