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HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
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[quote:Anonymous Coward 78617574:MV80NDQxMTU0XzgwODQ4MDI3XzYwRTZFMzY3] [quote:Anonymous Coward 22067365:MV80NDQxMTU0XzgwODQ2MDA0XzJCMDZBNzZD] Anyone who invests in gold in 2020 deserves to get fucked. Private governments/countries already own about 99% of the gold on Earth. It's another fake, manipulated market... just like diamonds. Gold is not portable and not easily divisible. What am I supposed to do, shave some off a bar and mail it all over the world for my merchandise? Buy Bitcoin already. At least there's a small chance that'll be profitable... some day. [/quote] Bitcoin will be profitable if they never pay out. [/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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