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HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!

 
Anonymous Coward
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06/29/2020 03:02 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Fuckin Chinese counterfeit anything and everything.
Anonymous Coward
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06/29/2020 03:03 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
All that glitters is not gold.
 Quoting: Who_Fucking_Cares


Well the OUTSIDE might 'glitter'.

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.
 Quoting: Anonymous Coward 30638469


No, that stuff is better for fragmenting hand grenades.
 Quoting: Anonymous Coward 77509123


It weighs EXACTLY the same as gold.

I don't think fine powder would be a useful fragmentation shell component, but I don't know.

This is what is left after the pre-shaped carbide sections are brazed to the steel sawblades and sharpened/ground with diamond blades like are used in tile saws.
Anonymous Coward
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06/29/2020 03:06 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
THis is the dumbest thing ever, any time someone mentions gold everyone in the world says , it is probably fake, or check for fake (how?).


fuck
Anonymous Coward
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06/29/2020 03:06 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
All that glitters is not gold.
 Quoting: Who_Fucking_Cares


Well the OUTSIDE might 'glitter'.

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.
 Quoting: Anonymous Coward 30638469


No, that stuff is better for fragmenting hand grenades.
 Quoting: Anonymous Coward 77509123


It weighs EXACTLY the same as gold.

I don't think fine powder would be a useful fragmentation shell component, but I don't know.

This is what is left after the pre-shaped carbide sections are brazed to the steel sawblades and sharpened/ground with diamond blades like are used in tile saws.
 Quoting: Anonymous Coward 30638469


That's why you leave it granulated.
Anonymous Coward
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06/29/2020 03:09 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Fuckin Chinese counterfeit anything and everything.
 Quoting: Anonymous Coward 79048047


and our government does nothing about it, except making
the rich people richer.
Anonymous Coward
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06/29/2020 03:09 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
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.
Anonymous Coward
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06/29/2020 03:18 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
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.
 Quoting: Anonymous Coward 22067365


bulk U.S. Silver coins are the best investment
because the minting is obvious and they aren't worth counterfeiting.
Anonymous Coward
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06/29/2020 03:21 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
It's surprising they'd use copper instead of tungsten. Tungsten has a specific weight (density) very close to gold, difficult to tell them apart.
 Quoting: Blenderizer


I wondered the same! Maybe they were sealed containers, plastic sleeves etc. I don't know anyone who would take a 1oz gold bar out of a sealed plastic sleeve to attempt to test it. Let alone if they did they wouldn't scrape it for an acid test or cut into it for the same reason. Most people relish the quality of such a piece and handle them with kid gloves so to speak!
 Quoting: Don Draper from Nantucket


People who use bullion to create colloidal gold would find out real fast
Anonymous Coward
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06/29/2020 03:23 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
It's surprising they'd use copper instead of tungsten. Tungsten has a specific weight (density) very close to gold, difficult to tell them apart.
 Quoting: Blenderizer


Israelis were doing that first and passing the bad gold to Arabs to wash it out into the private markets.
OU8122

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06/29/2020 03:23 PM

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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Didn't China introduce a gold backed Yuan recently?

Last Edited by OU8122 on 06/29/2020 03:23 PM
OU8122
GA Girl

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06/29/2020 03:24 PM

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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
I get that some companies have huge investments in China, but barring that (knowing it takes time to pull out), China should be shunned.
Anonymous Coward
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06/29/2020 03:26 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
what does this mean?

The Gold our nation and possibly others is Counterfeit?

Would that not re-unite the world against China?
Anonymous Coward
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06/29/2020 03:27 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
I get that some companies have huge investments in China, but barring that (knowing it takes time to pull out), China should be shunned.
 Quoting: GA Girl


for at least 100 years.

(they can go back to growing rice and pickled octopus.)
continuity

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06/29/2020 03:28 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Estimates are currently 190,000 Tons of Gold exist Above Ground
It is estimated that there are more stars than grains of sand on earth; but more atoms exist in a single grain of sand than there are stars...

gravity is a harsh reality.

born to shake trees.
Anonymous Coward
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06/29/2020 03:29 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
It's surprising they'd use copper instead of tungsten. Tungsten has a specific weight (density) very close to gold, difficult to tell them apart.
 Quoting: Blenderizer


I wondered the same! Maybe they were sealed containers, plastic sleeves etc. I don't know anyone who would take a 1oz gold bar out of a sealed plastic sleeve to attempt to test it. Let alone if they did they wouldn't scrape it for an acid test or cut into it for the same reason. Most people relish the quality of such a piece and handle them with kid gloves so to speak!
 Quoting: Don Draper from Nantucket


Please, I have drilled gold and silver bars. They sell just the same only diff is you know its real. Now come on and crawl out of your Mama's basement!
 Quoting: Anonymous Coward 78498671


really ?
& where were these drilled bars getting sold ?

you want the ounce of gold or silver,you buy from reputable dealers & pay the extra price for it being carded etc
R&y

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06/29/2020 03:30 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
INTERESTING

There was a post on here that has disappeared, it mentioned clinton and obama.

Years back the US was caught manufacturing titanium blanks suitable for such a purpose.
Anonymous Coward
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06/29/2020 03:31 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
all of the Prescription drugs they're making are phake phony,
and don't do anything too.
 Quoting: Anonymous Coward 76809044


Except maybe give you cancer...

Can't count on hand how many times my mom's meds had recalls because they had cancer causing elements in them.

hiding
Anonymous Coward
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06/29/2020 03:32 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
It's surprising they'd use copper instead of tungsten. Tungsten has a specific weight (density) very close to gold, difficult to tell them apart.
 Quoting: Blenderizer


I wondered the same! Maybe they were sealed containers, plastic sleeves etc. I don't know anyone who would take a 1oz gold bar out of a sealed plastic sleeve to attempt to test it. Let alone if they did they wouldn't scrape it for an acid test or cut into it for the same reason. Most people relish the quality of such a piece and handle them with kid gloves so to speak!
 Quoting: Don Draper from Nantucket


Please, I have drilled gold and silver bars. They sell just the same only diff is you know its real. Now come on and crawl out of your Mama's basement!
 Quoting: Anonymous Coward 78498671


really ?
& where were these drilled bars getting sold ?

you want the ounce of gold or silver,you buy from reputable dealers & pay the extra price for it being carded etc
 Quoting: Anonymous Coward 79087716


the reputable dealers are in on it. they are the Distributors:
they buy it at a deep deep discount and then sell it to you.
Anonymous Coward
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06/29/2020 03:35 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
years back in GLP, i read a post about fake gold being found and someone said if the amounts were higher (like NOW=tons) it would be considered and ACT OF WAR...
Anonymous Coward
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06/29/2020 03:40 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Didn't China introduce a gold backed Yuan recently?
 Quoting: OU8122


doubtful.

gold-backed currency is a fools errand.
Anonymous Coward
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06/29/2020 03:59 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Q.

"We have the gold"
Alubel
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Georgia
06/29/2020 04:02 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
I buy silver.
Anonymous Coward
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06/29/2020 04:05 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
[link to www.zerohedge.com (secure)]


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
 Quoting: Don Draper from Nantucket


Gold market rocket?

More fake news from Zerohedge.

Look at what the gold price is doing today:

[link to www.kitco.com (secure)]
Festus Hoggbottom

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06/29/2020 04:07 PM

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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Fuckin Chinese counterfeit anything and everything.
 Quoting: Anonymous Coward 79048047


and our government does nothing about it, except making
the rich people richer.
 Quoting: Anonymous Coward 76809044


That's simply not true. There have been many instances of strong words and finger wagging directed at China. If they're not careful, they're going to get more strong words and finger wagging directed their way.
I did it. I did it on purpose. And I'll do it again.
Anonymous Coward
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06/29/2020 04:08 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
all global financial edifices are built on quicksand.
Anonymous Coward
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06/29/2020 04:10 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Fuckin Chinese counterfeit anything and everything.
 Quoting: Anonymous Coward 79048047


and our government does nothing about it, except making
the rich people richer.
 Quoting: Anonymous Coward 76809044


That's simply not true. There have been many instances of strong words and finger wagging directed at China. If they're not careful, they're going to get more strong words and finger wagging directed their way.
 Quoting: Festus Hoggbottom


and being Tweeted.
Anonymous Coward
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06/29/2020 04:13 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
all of the Prescription drugs they're making are phake phony,
and don't do anything too.
 Quoting: Anonymous Coward 76809044


If they did NOTHING that would be great. Many times they cause cancer, etc...
Anonymous Coward
User ID: 76809044
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06/29/2020 04:14 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
all of the Prescription drugs they're making are phake phony,
and don't do anything too.
 Quoting: Anonymous Coward 76809044


If they did NOTHING that would be great. Many times they cause cancer, etc...
 Quoting: Anonymous Coward 61780440


yeh. i guess all of you anti-antis just love this.
happy2day2012

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06/29/2020 04:18 PM
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Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Better check Fort Knox too!

Obama probably had them switched out sometime within his 8 year reign.
happy2day2012
Over watch
1

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06/29/2020 04:19 PM
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Oh China
Over watch





GLP