Fake Gold In China at Sarah Geneff blog

Fake Gold In China. Mystery of $2bn of loans backed by fake gold in china. China's wuhan kingold jewelry used at least 83 tonnes of counterfeit gold as collateral for loans. The gold was used to secure loans worth in excess of $2 billion. All that glitters is not gold. The historic perth mint is facing a potential $9 billion recall of gold bars after selling diluted or doped bullion to china and then covering it up, according to a leaked internal report. The company was alleged to have used 83 tonnes of fake gold bars, or gilded copper, as collateral to secure 20 billion yuan (us$2.83 billion) of loans. The 83 tons of purportedly pure gold that. The discovery raises questions about the practicality of gold as an asset.

83 tons of fake gold bars rock gold markets Nexus Newsfeed
from www.nexusnewsfeed.com

All that glitters is not gold. The discovery raises questions about the practicality of gold as an asset. China's wuhan kingold jewelry used at least 83 tonnes of counterfeit gold as collateral for loans. The company was alleged to have used 83 tonnes of fake gold bars, or gilded copper, as collateral to secure 20 billion yuan (us$2.83 billion) of loans. The historic perth mint is facing a potential $9 billion recall of gold bars after selling diluted or doped bullion to china and then covering it up, according to a leaked internal report. The gold was used to secure loans worth in excess of $2 billion. The 83 tons of purportedly pure gold that. Mystery of $2bn of loans backed by fake gold in china.

83 tons of fake gold bars rock gold markets Nexus Newsfeed

Fake Gold In China China's wuhan kingold jewelry used at least 83 tonnes of counterfeit gold as collateral for loans. Mystery of $2bn of loans backed by fake gold in china. China's wuhan kingold jewelry used at least 83 tonnes of counterfeit gold as collateral for loans. The historic perth mint is facing a potential $9 billion recall of gold bars after selling diluted or doped bullion to china and then covering it up, according to a leaked internal report. All that glitters is not gold. The gold was used to secure loans worth in excess of $2 billion. The discovery raises questions about the practicality of gold as an asset. The company was alleged to have used 83 tonnes of fake gold bars, or gilded copper, as collateral to secure 20 billion yuan (us$2.83 billion) of loans. The 83 tons of purportedly pure gold that.

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