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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:MV80NDQxMTU0XzgwODQ1ODY4XzY4NENCMjk3] [quote:2012Portal:MV80NDQxMTU0XzgwODQ1ODMxXzZDRTdGRTc2] I read, about 5 years ago, how China had basically hacked a philosophers stone and could create fake gold, so good, that it was almost undetectable. [/quote] Do you want to see the menu of shit they use? They don't know I stole a copy, so don't tell anyone. [/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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