Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in
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Thread: Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in

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  1. #1
    us
    Patty & Paul

    May 2014
    Gulf Coast Florida
    Excalibur 1000 & Excal II
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    All Types Of Treasure Hunting

    Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in

    Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China. https://news.bitcoin.com/gold-indust...n-loans-china/
    Toecutter, embrym, OBN and 1 others like this.

  2. #2

    Feb 2006
    1,565
    1655 times
    Business as usual in China. Barely a hiccup.

    Time for more coffee.

  3. #3

    Apr 2003
    176
    232 times
    That the fake gold was deposited as collateral for loans with what are referred to there as 'shadow banks' says it all.

  4. #4
    us
    Sir

    Sep 2015
    Connecticut
    Minelab
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    All Types Of Treasure Hunting
    I would like to find 83 real gold bars in my state.

  5. #5
    us
    Feb 2014
    Ohio and Florida
    CTX3030 w 11" and 17" DD coils, Minelab Excalibur II w 10" coil, Equinox 800 w 11" and 15" coils, Troy Shadow x2 w 7" coil, Pointers; Garrett Carrot, Pro Find 35, Vibra-Tector 730 w 4" coil
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    HOLY TOLEDO!! 83 TONS of fake Chinese gold!! That is a lot of gold. Wondering if my SPDR (GLD) has any

    83 tons and what do you get?
    Another day older and deeper in debt!
    Metal Detecting Goal in Life is to Find Wife a 2ct Diamond Ring (so she'll be quiet about all my metal detecting).

  6. #6

    Aug 2016
    MI
    E-TRAC
    3,149
    5776 times
    All Types Of Treasure Hunting
    Why am I not surprised...

    Sounds like in the future, it might be a good idea to cut every supposed Gold bar coming from there, into small pieces to confirm it's really Gold!
    jamest64 likes this.

 

 

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