"all over Europe and the Middle East.

For those of you who don't know what they are, Fed coin-melt bars were produced from the gold that was seized by FDR in 1933 and the bars were safe-kept in West Point, NY.

These bars are .899 gold, which makes them inferior quality gold on the world market. It is thought that this is an indication that the Fed is running out of physical gold and the coin-melt bars represent scraping the bottom of the barrel in the price suppression efforts.

My colleague in Lichtenstein confirmed the proliferation of these bars on the European market and I just received information that dealers in Dubai are seeing them all over the place.

This could get very interesing..."

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(the preceding was copied from the Bear's Chat website)