Friday, January 15, 2010

Fake Gold Bars at Fort Knox

I'm sure you've heard about the legendary Fort Knox, you know the place where they store all that gold to back the dollar? Well it turns out that millions of the gold bars stored there and around the world are fake! Gold is important because it's always been a trusted and reliable means of saving wealth. For example, in the year 1900, a twenty dollar bill and a twenty dollar gold coin would both buy you a new suit. But that's not true today.  The gold coin would still buy you a new suit today but the twenty dollar bill will only buy you a tie because of inflation. That is why the following story is shocking because "someone" has been messing around with the world's gold supply.

Fake gold bars in Bank of England and Fort Knox

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