Godlike Productions - Discussion Forum
Users Online Now: 1,979 (Who's On?)Visitors Today: 390,154
Pageviews Today: 1,016,260Threads Today: 666Posts Today: 11,759
04:57 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

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

 
Dualda

User ID: 76012685
Australia
06/29/2020 09:25 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
What if China is being framed.
 Quoting: pool


The Chinese claim that in 1995—during the Clinton administration (Robert Rubin, Alan Greenspan and Lawrence Summers)—between 1.3 million and 1.5 million 400-ounce tungsten blanks were manufactured by a sophisticated refiner in the United States, amounting to more than 16,000 metric tons. Some 640,000 of these tungsten blanks were then gold plated and shipped to Fort Knox, according to the Chinese, where they are said to remain to this day. The Chinese contend that the remaining collection of these 400-ounce fakes was eventually gold-plated and then “sold” into international markets

[link to www.americanfreepress.net (secure)]
Anonymous Coward
User ID: 47276522
United States
06/29/2020 09:27 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
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.
 Quoting: 2012Portal


Yeah it's real gold when you buy it, then a year later it turns back into lead.

Kinda like fiat.
Anonymous Coward
User ID: 47276522
United States
06/29/2020 09:31 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
What if China is being framed.
 Quoting: pool


The Chinese claim that in 1995—during the Clinton administration (Robert Rubin, Alan Greenspan and Lawrence Summers)—between 1.3 million and 1.5 million 400-ounce tungsten blanks were manufactured by a sophisticated refiner in the United States, amounting to more than 16,000 metric tons. Some 640,000 of these tungsten blanks were then gold plated and shipped to Fort Knox, according to the Chinese, where they are said to remain to this day. The Chinese contend that the remaining collection of these 400-ounce fakes was eventually gold-plated and then “sold” into international markets

[link to www.americanfreepress.net (secure)]
 Quoting: Dualda


A waste of good tungsten if you ask me.
Anonymous Coward
User ID: 79088231
United States
06/29/2020 09:34 PM
Report Abusive Post
Report Copyright Violation
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


Gold doesn't glitter lol. But most people simply repeat what they hear.
 Quoting: bootobin


So then it is a true statement.
Anonymous Coward
User ID: 76677781
United States
06/29/2020 09:45 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
sounds like they're just fucking over chinese financial institutions, which is good.
Anonymous Coward
User ID: 79016091
06/29/2020 10:24 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Yet one market which seemed stubbornly immune to any counterfeiting was that of physical gold in China, which was odd considering that over the past decade China had emerged as the world's biggest counterfeiter of various, mostly industrial metals used to secure bank loans, better known as "ghost collateral", and which adding insult to injury, would frequently be rehypothecated meaning often several banks would have claims to the same (fake) asset.

All that is about to change with the discovery of what may be one of the biggest gold counterfeiting scandal in recent history. And yes, not only does it involve China, but it emerges from a city that has become synonymous for all that is scandalous about China: Wuhan itself
 Quoting: Don Draper from Nantucket
Time to glass China. It would solve all our disease problems as well as pollution, climate change and population problems.
Anonymous Coward
User ID: 75262918
United States
06/29/2020 10:28 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
antibs
Anonymous Coward
User ID: 75470405
Australia
06/29/2020 10:30 PM
Report Abusive Post
Report Copyright Violation
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


you weigh them idiot.

If copper the weight isn't even close.
Anonymous Coward
User ID: 76585265
Luxembourg
06/29/2020 10:34 PM
Report Abusive Post
Report Copyright Violation
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


yea I prefer cash myself.
Anonymous Coward
User ID: 76585265
Luxembourg
06/29/2020 10:35 PM
Report Abusive Post
Report Copyright Violation
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


They shall cast their silver in the streets, and their gold shall be removed - Ezekiel 7:19

epiclol
Anonymous Coward
User ID: 29154611
United States
06/29/2020 10:40 PM
Report Abusive Post
Report Copyright Violation
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
 Quoting: Anonymous Coward 71061251


[link to alloytester.com (secure)]

Easy
*Ozone Baby*

User ID: 77676054
Canada
06/29/2020 10:43 PM

Report Abusive Post
Report Copyright Violation
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


Bulk gold is not handled with the kind of kid gloves you would handle stamped and polished collectors pieces.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Deplorable yet adorable! ;)

Resident Grammar Nazi

I love my country but I am ashamed of my government.

~~~~ Traveler of both time and space ~~~~

~~~~ No dress rehearsal, this is our life ~~~~

'The truth that we must finally confront is that Islam contains specific notions of martyrdom and jihad that fully explain the character of Muslim violence.' ~ Sam Harris

'The essence of the independent mind lies not in what it thinks, but in how it thinks.' ~ Christopher Hitchens

*** I am in love with Steven Crowder. ***
Miss Bunny Swan

User ID: 76743754
Hong Kong
06/29/2020 10:43 PM

Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
gasp
*Ozone Baby*

User ID: 77676054
Canada
06/29/2020 10:44 PM

Report Abusive Post
Report Copyright Violation
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


Gold doesn't glitter lol. But most people simply repeat what they hear.
 Quoting: bootobin


It's a figure of speech.
Sheesh.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Deplorable yet adorable! ;)

Resident Grammar Nazi

I love my country but I am ashamed of my government.

~~~~ Traveler of both time and space ~~~~

~~~~ No dress rehearsal, this is our life ~~~~

'The truth that we must finally confront is that Islam contains specific notions of martyrdom and jihad that fully explain the character of Muslim violence.' ~ Sam Harris

'The essence of the independent mind lies not in what it thinks, but in how it thinks.' ~ Christopher Hitchens

*** I am in love with Steven Crowder. ***
Anonymous Coward
User ID: 32055808
United Kingdom
06/29/2020 11:01 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Whats this gonna do to the gold spot price?
 Quoting: Re-Named- 777


probably not much. even tungsten is closer to real gold than re-hypothecated paper gold is...

epiclol
Anonymous Coward
User ID: 79089304
Indonesia
06/30/2020 12:45 AM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Trust the Plan!


When DOLLAR collapses!

GolD will be yhe Alternative...


China and Deep State creating shortage of physical storage in other countries by using all means possible..
Blenderizer

User ID: 76760905
United States
06/30/2020 12:49 AM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
So, this is good news for people who own physical gold, yes?
 Quoting: Anonymous Coward 77590476


Not really, what you want if you own gold is for the government to end the manipulations in the future's market so that gold and silver can find true price discovery.

You want open and transparent markets, you don't want fraud. Fraud chases away people that you want to get involved. The more people involved demanding transparency the better the chances gold and silver will be used again as money.

Personally I think the CBs do these scams and hoaxes to dissuade people from protecting their savings with gold and silver.
Modeling reality
Scribbler

User ID: 78019416
United States
06/30/2020 12:53 AM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Only the tip of the iceberg!!!!
Something is better than nothing, pay attention, it's still free. Lead by example.
Anonymous Coward
User ID: 76809044
United States
06/30/2020 01:48 AM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
So, this is good news for people who own physical gold, yes?
 Quoting: Anonymous Coward 77590476


well, nobody's going to admit that they have fake Gold.
they're just going to try and sell it to somebody else.,
*Ozone Baby*

User ID: 77676054
Canada
06/30/2020 08:41 AM

Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!


Last Edited by *Ozone Baby* on 06/30/2020 08:42 AM
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Deplorable yet adorable! ;)

Resident Grammar Nazi

I love my country but I am ashamed of my government.

~~~~ Traveler of both time and space ~~~~

~~~~ No dress rehearsal, this is our life ~~~~

'The truth that we must finally confront is that Islam contains specific notions of martyrdom and jihad that fully explain the character of Muslim violence.' ~ Sam Harris

'The essence of the independent mind lies not in what it thinks, but in how it thinks.' ~ Christopher Hitchens

*** I am in love with Steven Crowder. ***
Anonymous Coward
User ID: 79017561
Australia
06/30/2020 08:45 AM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Could you eat it?





GLP