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83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal
The Donald Win ^ | 29 June 2020 | dirtysanchez69

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.


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs
KEYWORDS: china; fake; finance; fraud; gold; goldbars; kingold; sabotage
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To: Fresh Wind

Grateful Dead! Keep on Trumpin’


21 posted on 06/30/2020 3:20:00 AM PDT by BullDog108 (A Smith & Wesson beats four aces!)
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To: rodguy911

Hmmmm


22 posted on 06/30/2020 3:21:02 AM PDT by advertising guy (It's all fun and games til someone farts , you don't have a fart on you now do you Swalwell ?)
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To: SkyPilot

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.


23 posted on 06/30/2020 3:22:03 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Candor7

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.


24 posted on 06/30/2020 3:22:30 AM PDT by cranked
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To: sauropod

“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.


25 posted on 06/30/2020 3:28:49 AM PDT by Monterrosa-24 (...even more American than a Russian AK-47 and a French bikini.)
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To: Candor7

China? Fraud? Say it ain’t so,Joe!


26 posted on 06/30/2020 3:39:31 AM PDT by Gay State Conservative (The Rats Just Can't Get Over The Fact That They Lost A Rigged Election!)
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To: pepsionice

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!


27 posted on 06/30/2020 3:42:24 AM PDT by PIF (They came for me and mine ... now its your turn)
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To: FroggyTheGremlim

“Eureka!”

You don’t smella too gooda you self!

CC


28 posted on 06/30/2020 3:46:05 AM PDT by Celtic Conservative (My cats are more amusing than 200 channels worth of TV.)
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To: knarf

What does LeBron say?


29 posted on 06/30/2020 3:46:57 AM PDT by TiGuy22
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To: BullDog108

30 posted on 06/30/2020 3:52:54 AM PDT by af_vet_1981 (The bus came by and I got on, That's when it all began)
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To: Candor7

That’s a LOT of gold. This story smells to me.


31 posted on 06/30/2020 3:54:31 AM PDT by Thebaddog (The hippies are running things)
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To: PIF

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?


32 posted on 06/30/2020 4:02:25 AM PDT by pepsionice
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To: cranked

Wonder how much of an impact, overall value wise, this is going to have on my old gold coins>>>>>>>>>>>>>>>>

Increase in value.


33 posted on 06/30/2020 4:05:52 AM PDT by Candor7 (Obama Fascism:http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
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To: Candor7

Waiting for the mainstream media report... “China invents new ways to make gold profitable; Trump envious”


34 posted on 06/30/2020 4:07:25 AM PDT by ManHunter (You can run, but you'll only die tired... Army snipers: Reach out and touch someone)
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To: Fresh Wind

One way or another.


35 posted on 06/30/2020 4:09:37 AM PDT by Palio di Siena
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To: ManHunter

Waiting for the mainstream media report... “China invents new ways to make gold profitable; Trump envious”>>>>>>>>>>>>>>>>>>>>>

Or :

“China Blames USA for selling Red China fake gold bars.”


36 posted on 06/30/2020 4:13:59 AM PDT by Candor7 (Obama Fascism:http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
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To: PIF

Same for the Three Gorges Dam. Construction debris—but, but it’s better than just cardboard! /s


37 posted on 06/30/2020 4:22:12 AM PDT by mikey_hates_everything
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To: BeauBo
The Kingold fraudsters were duped by the Tri-Ring fraudsters, into buying a fraudulently valued company, with their fraudulent assets.

No wonder Dems love the ChiComs. ChiComs are the masters of fraud that Dems aspire to be.

38 posted on 06/30/2020 4:24:47 AM PDT by Flick Lives (My work's illegal, but at least it's honest. - Capt. Malcolm Reynolds)
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To: BeauBo

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.


39 posted on 06/30/2020 4:29:41 AM PDT by Flick Lives (My work's illegal, but at least it's honest. - Capt. Malcolm Reynolds)
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To: Candor7

Gold with lead or tungsten in it doesn’t “ring”, it has a dead sound, fyi.


40 posted on 06/30/2020 4:33:09 AM PDT by Grey182 (A Catholic Bishop Emeritus is still a Bishop, a Pope Emeritus... 209.157.64.200)
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