i am ignorant but there is a registry number on the fake swiss gold bar in the photo. this should lead one to a conclusion that the auditors had knowledge of the fraud, but lied to their lender clients.
also the price of gold has been ascending since mid 2019. this might account for that rise, since at least my expectation is that a flush economy would cause such a large run on gold, stocks being normally preferred investments under such circumstances.
i hope this guy Jia Zhihong gets his just comeuppance, chinese commie style— hopefully on the business end of a scalpel, aiming for whatever harvestable organs he possesses, and without anaesthetic. broadcast on youtube in realtime.
Usually when the price of gold rises, it is because the currencies are losing value - it isn’t like gold is becoming more scarce. The rise in metals after the 2007/2008 recession was caused by the loss of value in paper currencies; at the time we were told the debts incurred/bailout added years to every Americans’ career, and now we’re seeing that play out - people can’t afford to retire, and the government is inching up the retirement age.
Jia Zhihong is highly connected to the military.