Anonymous Coward User ID: 1179409 Netherlands 12/02/2010 12:39 PM Report Abusive Post Report Copyright Violation | Counterfeit Gold Infiltrates Hong Kong Retail Market, FT Reports At least 200 ounces of fake gold have been sold to Hong Kong jewelers and pawnshops, the Financial Times reported, citing a group of goldsmiths in the city. Haywood Cheung, president of the Chinese Gold & Silver Exchange Society said 10 times that amount may have infiltrated the retail gold market, the Financial Times reported. At current prices, 200 ounces of gold would be worth about $280,000. [ link to www.bloomberg.com] |