Skip to comments.83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal
Posted on 06/30/2020 2:06:43 AM PDT by Candor7
The story is shocking in exposing just how multi-faceted fraud is in China: capitalizing on pre-existing cronyism and connections with China's powerful army, the founder of Kingold was allowed to basically do anything he wanted, no questions asked, including counterfeiting over 83 tons of gold bars to get billions in funds to participate in China's housing bubble, only for a series of unexpected events to unwind the frauds one after another and expose the type of sordid scandal that is at the heart of most Chinese "enterprises" and business ventures.
Grateful Dead! Keep on Trumpin’
There’s some reason(s) why they will eventually throw their gold and their silver into the streets.
I recently invested a small amount in extra brass and extra rice. Not to mix together, of course, LOL.
Wonder how much of an impact, overall value wise, this is going to have on my old gold coins, which I have a considerable amount of. #feelsbadman ugh.
“In the neighborhood I live in, I made the correct choice.”
Ha! That is probably true but maybe you should keep a little at hand cleverly hidden. I like to get American Indian Head gold coins. It is a nice piece of Americana and it has both collector’s value and the melt value.
China? Fraud? Say it ain’t so,Joe!
The housing projects were built with substandard concrete - they used cardboard as filler in order to look good from a distance - today they are crumbling dangerous wreaks but they still look good from a distance!
You don’t smella too gooda you self!
What does LeBron say?
That’s a LOT of gold. This story smells to me.
I’ve seen video of the ‘mythical’ cities. It just makes me wonder...in twenty years...will the government have to come in and tear down all these neighborhoods because of safety issues?
Wonder how much of an impact, overall value wise, this is going to have on my old gold coins>>>>>>>>>>>>>>>>
Increase in value.
Waiting for the mainstream media report... “China invents new ways to make gold profitable; Trump envious”
One way or another.
Waiting for the mainstream media report... China invents new ways to make gold profitable; Trump envious>>>>>>>>>>>>>>>>>>>>>
“China Blames USA for selling Red China fake gold bars.”
Same for the Three Gorges Dam. Construction debris—but, but it’s better than just cardboard! /s
No wonder Dems love the ChiComs. ChiComs are the masters of fraud that Dems aspire to be.
The communist Chinese financial system is a totally fraudulent house of cards.
Might explain why China is poking at India. China is hoping to provoke a war to divert its peoples’ attention from a calamitous economic crash. Nothing like a war to focus the peoples’ hatred on someone else.
Gold with lead or tungsten in it doesn’t “ring”, it has a dead sound, fyi.
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