Fake fears over Ethiopia's gold

[emad]

Source: bbc

Fake fears over Ethiopia's gold
By Elizabeth Blunt
BBC News, Addis Ababa




Ethiopia's national bank has been told to inspect all the gold in its vaults to determine its authenticity.

It follows the discovery that some of the "gold" it had bought for millions of dollars was gold-plated steel.

The first hint that something was wrong reportedly came when the Ethiopian central bank exported a consignment of gold bars to South Africa.

The South Africans sent them back, complaining that they had been sold gilded steel.



Read more: http://news.bbc.co.uk/1/hi/world/africa/7294665.stm

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US Federal Reserve plase take note!

[mainegreen]

1. It's just derivative gold. Why worry?

Everything will be fine as long as we pretend that it's real gold and actually worth what we say it is!

:sarcasm:

[emad]

2. $1,000 an ounce and rising at this morning's fix!

I wonder what's lurking in the Bank of England vaults?


Oh yes, I forgot.

Gordon Brown sold off the UK's reserves at $200 an ounce because he said precious metals were a lame duck and gold would never go beyond the $200-$220 mark!

Sheezzzzzzzzz..........

[Divine Discontent]

3. wow, he did that? what a dumb move... or obvious... eom

[alfredo]

4. Just like Saddam's gold.

[Javaman]

5. What's in your wallet? LOL nt

[bemildred]

6. Shouldn't that read "Fears over Ethiopia's fake gold?" nt

[arundhatiroyfan]

7. Kick

:kick: