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83 Tons Of Fake Gold Bars Made in China

serf
 The Chinese have always been counterfeiters and are notorious for it. The Art of War is one of their finest examples of manipulations of thinking to succeed by deceit. However, deceit is everywhere just not China.
                                                serf
                 Some more background: Kingold - whose name was probably stolen from Kinross Gold, one of the world's largest gold miners - is the largest privately owned gold processor in central China’s Hubei province. Its shares are listed on the Nasdaq stock exchange in New York (although its current market cap of just $10MM is a far cry from its all time highs hit when the company IPOed on the Nasdaq around 2010) . The company is led by Chairman Jia Zhihong, an intimidating ex-military man who is the controlling shareholder.


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Comments

9 comments

Date Votes
  • mogley98
    I only buy Gold in small volumes and very rarely, like 40 years ago when I got married two rings and those were WAY over spot! LOL
    Silver I like but I prefer Junk silver as in old dimes, quarters Etc.

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  • nmyers
    I can't wait until they find out all those US Treasury notes they bought from us are worthless.
    Neal
    9
  • select-fire
    nmyers said:
    I can't wait until they find out all those US Treasury notes they bought from us are worthless.
    Neal

    :D
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  • spasmcreeksrun
    how STUPID are we to keep dealing with china and giving them permanent favored nation status in trade...u think the screw jobs are rife now just wait till the democraps get in power and fawn over china rolling over and greasing up AMERICA  for them...AND  we keep educating their students mandated by their govt to take advantage of us in every fashion ...STUPID....
    3
  • chme
    If you have gold covered tungsten, it will take a full chemical assay to find it- tungsten and pure gold have the same density- 19.3 grams per cc.  Both are more dense than lead  (11.34), which is why we used tungsten for radiation shields.  
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  • yoshmyster
    I wonder how much painted lead US let loose in to the world market from Fort Knox? Also China is like a country of Bond Villains.
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  • Horse Plains Drifter
    chme said:
    If you have gold covered tungsten, it will take a full chemical assay to find it- 
    Or a pocket knife
    3
  • serf
     I bet it cost a lot for the average Joe however.
                             serf

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  • KenK/84Bravo

    The entire World needs to hold these irresponsible Liars/Thiefs accountable by refusing to buy ANYTHING from them. It's way past time.

    If what has taken place over these last 6-7 months does not prove/illustrate this, I don't know what will.

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