THE BIG CON
All of this leads up to the Con. The Con is very old and is worked mainly worked on the wealthy. I have also seen investment packages made up of small investors. The Germans even had a name for this con, although I can't remember it.
The Con involves finding investors for the transmutation of base metals or chemicals into gold, through the use of a special secret process. When it's time to show the goods, there is sleight of hand and there are "processes that cannot be shown" or " processes that are too dangerous to witness." The key phrase in this con is, "The gold and other PM's contained in this material are not assayable by conventional methods." The PM's are supposedly in an immature form and must be prompted along. I've seen it on a large scale twice. First, a guy that had invested his life savings into a process that got gold and silver out of well water in Arizona. I assayed the water for him about 5 different ways. When nothing showed, he didn't believe me because he was conditioned that traditional assay methods wouldn't work. The other time is pretty well covered in this post I put on 49ermike several years ago. This is almost exactly how it went down.
Quote
"I hope you haven't put ANY money into this. This is an ages old big-money con, which I think started in Germany. The Germans even have a special name for it, which I can't remember. Here is one the many possible ways it is promoted.
THE PITCH ---"In nature, a brand new chemistry of metals has been discovered. Dr. A has been working on it, in secret, all of his life. He found that such metals as gold, silver, platinum, and palladium exist, in many naturally occurring materials (ores, etc.), in an immature form. This baby gold can't be assayed by conventional means, but, after 42 years of research, Dr. A has perfected a fluxing process which matures it to the regular visible gold (or platinum, etc.) form. The process is very expensive - the flux mixture itself contains 27 ingredients, some of which are regular precious metals - like begats like. Only Dr. A knows the formula. His partner, Dr. B, was murdered last year by the CIA. The governments are very concerned about us dumping a lot of gold on the market - it would ruin the world economy. That's why we closely restrict our number of investors and require secrecy. It must never become public - we would all be killed. See this ore? A conventional assay reports only .03 tr ozs per ton. Through special processing and fluxing techniques, Dr. A has proven it to contain 29% gold, 41% platinum, and 4% rhodium, in conversion from it's immature form innate in many common materials. I know it's hard to believe, but we have extensive documentation proving it. With only a few drums of material, we all will be wealthy. Come over tomorrow and we'll show you how it works. Some of the steps are confidential, of course, but when you actually see the gold that is produced, you'll know that it works. Blah, blah, blah"
Certain types of people really get sucked into this. Many still believe it after losing all their money. Every once in a while, you will read in the paper of someone losing millions in this same scam. It can be very enticing.
In recent years, a new version of the con has cropped up. If you type - monoatomic gold - in a search engine, you will see words like ORMUS, or WHITE GOLD. You will also find the "white gold" inventor's name, David Hudson. If you dig, you'll find the same keywords - immature gold, incomplete gold, can't be assayed, monoatomic, etc. Many of Hudson's followers believe that this material is the Philosopher's Stone (or, an intermediate in the process), the material that will give eternal life and change base metals to gold. The solutions are sold on the internet. People drink them. Information is sold also, I think."