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83 Tons of Fake Gold Bars Backing $3 Billion Loans in China: This Man Claims to Know the Truth
5.11.2020
The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where it is, an insider claims to know what happened. The Mystery Behind the Chinese...
Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold
9.8.2020
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently...
Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China
1.7.2020
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22%...
Fake Gold Bars Detected in the Global Market While Price Hits New Six-Year High
29.8.2019
Sentiments driving the value of gold has shown no sign of slowing down since last 6 years. Priced at $1,545/oz, today, the commodity has hit a new high. Until now it has made over 20% this year and has reached its peak since March 2013. On the contrary, such escalating gold prices have paved...
‘Bitcoin Fixes This’ — Thousands of Fake Gold Bars Dilute Market Supply
28.8.2019
Bitcoiners one-up gold bugs after huge forgery revelations