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Mystery of 83 tons in fake gold in China.. And they wrote loans on it!

 
Anonymous Coward
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07/02/2020 11:35 AM
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Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
Anonymous Coward (OP)
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07/02/2020 11:37 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
Shiva ascendant

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07/02/2020 11:41 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
Of course they wrote loans on it, that was the primary point- no risk of exposure until they transfer possession.
This is the way the world ends.
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Red Hot Chilean Pepe

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07/02/2020 11:53 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral


This reminded me of the lead filled gold bars of some years ago.
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07/02/2020 08:29 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
bump... GOOD GREEN KARMA FOR YOU !
Moses Born Again
Anonymous Coward
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07/02/2020 08:31 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
What about the 14 trillion in gold bullion found on Obama’s Compound in Thailand?
Anonymous Coward
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07/02/2020 08:32 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
Tungsten usually.
Anonymous Coward (OP)
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07/02/2020 11:53 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
Of course they wrote loans on it, that was the primary point- no risk of exposure until they transfer possession.
 Quoting: Shiva ascendant


The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral


This reminded me of the lead filled gold bars of some years ago.
 Quoting: Red Hot Chilean Pepe


What about the 14 trillion in gold bullion found on Obama’s Compound in Thailand?
 Quoting: SpeedPro


Tungsten usually.
 Quoting: Anonymous Coward 69528596


Bof a puts Gold price bid at 3000 an oz in 2021
Anonymous Coward (OP)
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07/03/2020 12:08 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral


This reminded me of the lead filled gold bars of some years ago.
 Quoting: Red Hot Chilean Pepe


Saudis.
Blenderizer

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07/03/2020 12:21 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
Of course they wrote loans on it, that was the primary point- no risk of exposure until they transfer possession.
 Quoting: Shiva ascendant


Gold is and has always been the base of our modern monetary system. Everything evolved from gold, but never replaced gold.

The currency from credit system is all based on debt, notice how the debt never goes down it always goes up. If all the debt starts defaulting due to a depression, then things work in reverse.

Instead of everything growing and expanding, it shrinks. Ultimately it shrinks back to the foundation, gold. But since that gold is money it can't disappear as easily as it was brought forth like currency from debt.

So these huge resets always claim they'll start an SDR system or new blockchain on fed coins, or some other new scam the point is gold serves as money for the economy because it has stored labor and energy. The click of a mousebutton and some digits on a computer are not a fraction of the amount of stored energy in gold or silver.

That all becomes pertinent in the next 10 years or so.
Modeling reality
Blenderizer

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07/03/2020 12:25 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
They're not going to come up with a workable currency system from nothing. That's what they want to do, kill the dollar off in a controlled demolition so you can control the transition to a new currency.

The reason they won't succeed in creating a new monetary system is because it's top down driven which is a flaw from the start. An economy is like a living breathing system, if you gag the system from the start by forcing it to use a certain kind of currency for exchange you have built in flaws from the start that magnify in amplitude over time until the entire system collapses.

We'll probably see at least 2 or 3 attempted and failed monetary units/systems until the antichrist arrives on the scene and forces everyone to use his system.
Modeling reality
Anonymous Coward
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07/03/2020 12:30 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
So how much money are Chinese banks printing based on how much fake gold to buy up America from under our noses?
Anonymous Coward (OP)
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07/03/2020 11:39 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral



 Quoting: Goneviral
Anonymous Coward
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United Kingdom
07/03/2020 11:58 AM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
they write loans on 'paper' gold, over and over again actually its called 're-hypothecation' and the secret is hidden in the name = "hypothetical"
Anonymous Coward (OP)
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07/03/2020 12:00 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
they write loans on 'paper' gold, over and over again actually its called 're-hypothecation' and the secret is hidden in the name = "hypothetical"
 Quoting: Anonymous Coward 79102254


Paper gokd..fractional reserve lending is wrong
Anonymous Coward
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07/03/2020 12:03 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
What about the 14 trillion in gold bullion found on Obama’s Compound in Thailand?
 Quoting: SpeedPro


Wait...what? Got any links?
Anonymous Coward
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07/03/2020 12:04 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
I will take the copper.

I love copper drinking stuffs.
Anonymous Coward
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07/03/2020 12:11 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral


I've said it time and time again, over and over and over, that the Chinese are the biggest, most bullish, most pushy F'n cheaters to ever walk on Planet Earth. They cheat and cheat and cheat and cheat at everything and everyone. Even the citizens seem unemotional, distant and cold to their own family members and that is how they are..So if they are that way towards their own inner family...its no F'n wonder they lie, cheat and steal from other countries like its nothing...Simply put, they don't have much of a conscious inside them.
Anonymous Coward
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07/03/2020 12:41 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
By accident, not guilty.
Anonymous Coward
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07/03/2020 12:45 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
If the banks are dumb enough to hand out cash without first checking the collateral is genuine then it's their loss
RepublicofTexas

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07/03/2020 12:51 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
If the banks are dumb enough to hand out cash without first checking the collateral is genuine then it's their loss
 Quoting: Anonymous Coward 78356108


New round of "Too big to fail" bankster bonuses and bailouts.
Make America Strong Again
Make America Sexy Again

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Anonymous Coward (OP)
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07/03/2020 01:03 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral


I've said it time and time again, over and over and over, that the Chinese are the biggest, most bullish, most pushy F'n cheaters to ever walk on Planet Earth. They cheat and cheat and cheat and cheat at everything and everyone. Even the citizens seem unemotional, distant and cold to their own family members and that is how they are..So if they are that way towards their own inner family...its no F'n wonder they lie, cheat and steal from other countries like its nothing...Simply put, they don't have much of a conscious inside them.
 Quoting: Anonymous Coward 76986460
Q33

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07/03/2020 01:05 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral


nothing new by those filthy fuckers

Thread: So who Remembers the fake gold being put in to the market by China?
Anonymous Coward
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United States
07/03/2020 01:09 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
Get some Liberty dollars that everyone recognizes. Problem solved and at a fraction of the cost.
Anonymous Coward
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United States
07/03/2020 01:48 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
What about the 14 trillion in gold bullion found on Obama’s Compound in Thailand?
 Quoting: SpeedPro


What about the 14 trillion in gold bullion found on Obama’s Compound in Thailand?
 Quoting: SpeedPro


Linky?
Anonymous Coward
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United States
07/03/2020 02:15 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral


antibs
Anonymous Coward
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Australia
07/03/2020 02:21 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
What about the 14 trillion in gold bullion found on Obama’s Compound in Thailand?
 Quoting: SpeedPro


Wait...what? Got any links?
 Quoting: Anonymous Coward 79100841


Sure, they’re going to provide publicly available links to one of the largest thefts of bullion known to mankind...

Check your vaults, especially Fort Knox...

Tungsten filled bars are all you have left...

Deep state stole it all, every last ounce...

You fuckers are broke, physically, mentally, and now spiritually.

Sources from Thailand confirm the huge bust, happened not far from a bar called, The Other Place.

Now go back to your regular programming sheeple and enjoy the live show of the implosion of The United Satanists of America.
Anonymous Coward
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Finland
07/03/2020 02:25 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
What about the 14 trillion in gold bullion found on Obama’s Compound in Thailand?
 Quoting: SpeedPro


More info/link please!
Anonymous Coward
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United States
07/03/2020 02:27 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
major wars in history have been fought over less

these zionist crooks are gonna start a war and they wanna get you suckers to fight for them. and you will like your g*y retards you are
Anonymous Coward
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Canada
07/03/2020 02:49 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
The fake gold came to light in February when Dongguan Trust Co. Ltd. set out to liquidate Kingold collateral to cover defaulted debts. In late 2019 Kingold failed to repay investors in several trust products. Dongguan Trust said it discovered that the gleaming gold bars were actually gilded copper alloy.

83 tons of gold bars used as collateral turned out to be nothing but gilded copper.

[link to asia.nikkei.com (secure)]
 Quoting: Goneviral


epiclol
jkm1864

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07/03/2020 03:00 PM
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Re: Mystery of 83 tons in fake gold in China.. And they wrote loans on it!
They're not going to come up with a workable currency system from nothing. That's what they want to do, kill the dollar off in a controlled demolition so you can control the transition to a new currency.

The reason they won't succeed in creating a new monetary system is because it's top down driven which is a flaw from the start. An economy is like a living breathing system, if you gag the system from the start by forcing it to use a certain kind of currency for exchange you have built in flaws from the start that magnify in amplitude over time until the entire system collapses.

We'll probably see at least 2 or 3 attempted and failed monetary units/systems until the antichrist arrives on the scene and forces everyone to use his system.
 Quoting: Blenderizer



That's because they always want a system that favors them so they can get money for free while we work for it.
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