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Mystery of $2 Billion of loans backed by fake gold in China; More than a dozen Chinese financial institutions loaned billions to Wuhan Kingold Jewelry with pure gold as collateral and insurance policies to cover any losses.
Nikkei Asian Review ^
| 06/29/2020
| WU YUJIAN, WU HONGYURAN, BAI YUJIE and HAN WEI, Caixin
Posted on 06/29/2020 10:07:55 AM PDT by SeekAndFind
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To: KarlInOhio
Plus the copper is probably worth more than the tungsten.
To: KarlInOhio
That was my thought. Usually scammer plate lead. Copper would be ridiculous.
A sucker is born every second.
22
posted on
06/29/2020 11:28:00 AM PDT
by
Seruzawa
(TANSTAAFL!)
To: SamuraiScot
Im know, lets import our food and medicines from the Chinese! What could possibly go wrong?/S
23
posted on
06/29/2020 11:35:13 AM PDT
by
9422WMR
(democRATS are destroying the country.)
To: Freedumb
And your math is also off...
There are 12 Troy ounces to a TROY pound.
There are about 15 Troy ounces to an Avoirdupois pound.
To: SeekAndFind
I’ll reserve laughter until there is an audit of Fort Knox bullion.
To: SeekAndFind
How about $16 Trillion in loans backed by nothing?
To: SeekAndFind
Fake gold and ghost cities in China and fake home and car loans in the USA.
27
posted on
06/29/2020 12:20:21 PM PDT
by
minnesota_bound
(homeless guy. He just has more money....He the master will plant more cotton for the democrat party)
To: SeekAndFind
I’ve got some big copper nuggets from the deposits in Michigan’s U.P. I’m RICH!
28
posted on
06/29/2020 12:42:28 PM PDT
by
43north
(Its hard to stop a man when he knows he's right and he keeps coming.)
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