Godlike Productions - Discussion Forum
Users Online Now: 1,993 (Who's On?)Visitors Today: 497,660
Pageviews Today: 851,787Threads Today: 376Posts Today: 5,725
10:56 AM


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!

 
Don Draper from Nantucket
Offer Upgrade

User ID: 57553864
United States
06/29/2020 02:01 PM

Report Abusive Post
Report Copyright Violation
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
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Don Draper from Nantucket  (OP)

User ID: 57553864
United States
06/29/2020 02:03 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
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
User ID: 78867306
Australia
06/29/2020 02:05 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.
Q33

User ID: 78698051
Canada
06/29/2020 02:07 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


Thread: So who Remembers the fake gold being put in to the market by China?
Don Draper from Nantucket  (OP)

User ID: 57553864
United States
06/29/2020 02:08 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


Thread: So who Remembers the fake gold being put in to the market by China?
 Quoting: Q33


"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."
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Blenderizer

User ID: 76760905
United States
06/29/2020 02:12 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.
Modeling reality
Anonymous Coward
User ID: 77509123
Spain
06/29/2020 02:14 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


1dunno1 The retards love them.
Anonymous Coward
User ID: 49557904
United States
06/29/2020 02:17 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Rome falling did the same. Now get the lead out.
Don Draper from Nantucket  (OP)

User ID: 57553864
United States
06/29/2020 02:18 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!
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Don Draper from Nantucket  (OP)

User ID: 57553864
United States
06/29/2020 02:19 PM

Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Rome falling did the same. Now get the lead out.
 Quoting: Anonymous Coward 49557904


Signs of dying empires!
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Q33

User ID: 78698051
Canada
06/29/2020 02:21 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


Thread: So who Remembers the fake gold being put in to the market by China?
 Quoting: Q33


"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


Dude we must cut china's oil supply and let them collapse!
Anonymous Coward
User ID: 78498671
06/29/2020 02:30 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


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!
Jake

User ID: 77849624
United States
06/29/2020 02:32 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
funny thing is these wall street hacks love china
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Don Draper from Nantucket  (OP)

User ID: 57553864
United States
06/29/2020 02:40 PM

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


stfu

Nobody is talking about the little bag of chocolate gold coins you find at the dollar store! Dbag extraordinaire!

Last Edited by Don Of N*******t on 06/29/2020 02:42 PM
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
User ID: 78155957
United States
06/29/2020 02:40 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Tungsten about $50 KG..
Gold $58,972.35 KG
Anonymous Coward
User ID: 76809044
United States
06/29/2020 02:42 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 of the Prescription drugs they're making are phake phony,
and don't do anything too.
Xeven

User ID: 75948321
United States
06/29/2020 02:42 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
trump30
I reserve the right to declare my comments and posts as satire. Nothing I post should be considered or interpreted as advocacy for illegal activity. My comments are designed to inspire critical political thinking. I only mean half of what I say and only say half of what I mean.
BodilessModerator
Forum Administrator

06/29/2020 02:42 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


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


That’s the old tried and true method. The”GOLD standard, lol

These days any ultrasound probe will reveal a counterfeit gold bar. Or silver, for that matter

Density
“We have assembled the most extensive and inclusive Voter Fraud Organization in the history of America”—Joe “SippyCup” Biden

Joe Biden will never be the man Michelle Obama is

The worst thing about dying is that you become a democratic voter for eternity
diverdan01

User ID: 39516942
United States
06/29/2020 02:43 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
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


I'm guessing biden and clinton were in on it too
Don Draper from Nantucket  (OP)

User ID: 57553864
United States
06/29/2020 02:43 PM

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


Thread: So who Remembers the fake gold being put in to the market by China?
 Quoting: Q33


"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


Dude we must cut china's oil supply and let them collapse!
 Quoting: Q33


dicaprio-agree
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
User ID: 76809044
United States
06/29/2020 02:44 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
Tungsten about $50 KG..
Gold $58,972.35 KG
 Quoting: Anonymous Coward 78155957


Tungsten is almost exactly the same weight and density as Gold, too.
Q33

User ID: 78698051
Canada
06/29/2020 02:45 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!


"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


Dude we must cut china's oil supply and let them collapse!
 Quoting: Q33


dicaprio-agree
 Quoting: Don Draper from Nantucket


v5t
Don Draper from Nantucket  (OP)

User ID: 57553864
United States
06/29/2020 02:52 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


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


That’s the old tried and true method. The”GOLD standard, lol

These days any ultrasound probe will reveal a counterfeit gold bar. Or silver, for that matter

Density
 Quoting: Bodiless


That would be my first choice to find a reputable dealer and have them analyze it in their machine, way before I drilled into it! Not to say that that doesn't work, quite obviously it does. Of course just being a poor old country boy I cant afford to buy an oz of gold anyway....lol. I may have some old mercury dimes in a drawer put away tho!
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
RosehipCaper

User ID: 78866141
Canada
06/29/2020 02:52 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 Bought $45 Grand Worth of V.GBR, Mid March $4.20 Canadian, I ONLY BUY AND SUPPORT OUR CANADIAN MINING JUNIORS!.

Is This Hit $20.00 Today , My $190 000 Investment Should Be About $700 000 Grand give or Take ,This Will Allow Us to Pretty Much Pay OFF ALL OUR DEBT, Including Our Cottage Mortgage...5a

AND I KNOW IT'S REAL GOLD!,, Fucking Chinese..
Always Think Twice.
Anonymous Coward
User ID: 77509123
Spain
06/29/2020 02:53 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
:trump30:
 Quoting: Xeven


Vladimir, do you want to buy some good for tire weights and fishing sinkers?

I will give you the ponzi family discount..
Anonymous Coward
User ID: 30638469
United States
06/29/2020 02:55 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


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.
Anonymous Coward
User ID: 77509123
Spain
06/29/2020 02:56 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


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.
2012Portal
2012Portal - Mayan Beyond 2012

User ID: 15022013
Netherlands
06/29/2020 02:58 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.
From the love of power to the power of Love - My camera and video gear:
[link to graphicstart.com]
--- --- ---
"Jesus Christ, the Son of God our Savior"
Anonymous Coward
User ID: 76226011
United States
06/29/2020 02:59 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.
Anonymous Coward
User ID: 77509123
Spain
06/29/2020 03:00 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


Do you want to see the menu of shit they use?

They don't know I stole a copy, so don't tell anyone.
Anonymous Coward
User ID: 77890874
Canada
06/29/2020 03:01 PM
Report Abusive Post
Report Copyright Violation
Re: HOLY SHIT! 83 Tons Of Fake Gold Bars: Gold Market Rocked By Massive China Counterfeiting Scandal!
That's why you don't buy gold from the chjinx





GLP