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HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 77509123:MV80NDQxMTU0XzgwODQ1ODE3X0I3QjIzOUMx] [quote:Anonymous Coward 30638469:MV80NDQxMTU0XzgwODQ1ODA1XzQwQTc2OUFD] [quote:Who_Fucking_Cares:MV80NDQxMTU0XzgwODQ0OTY4X0QxMzJCRkM1] All that glitters is not gold. [/quote] Well the OUTSIDE might 'glitter'. [i][b]The inside could contain oodles of Tungsten Carbide industrial waste power bought up from places that make and sharpen saw blades or concrete drill bits.[/b][/i] [/quote] No, that stuff is better for fragmenting hand grenades. [/quote]
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link to www.zerohedge.com (secure)
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Over the years, we have periodically reported of the occasional gold bar discovered as counterfeit in Manhattan's Diamond District which instead of containing the yellow precious metal would be filled with gold-plated tungsten or in some cases copper. The news would spark a brief wave of outrage, prompting physical gold holders to run ultrasound spot checks of their inventory, at which point interest would wane and why not: buyer, after all, beware in gold as in every other market, and if someone is spending thousands to buy fake gold, well that's Darwinism in action
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