Author Topic: Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loan  (Read 124 times)

0 Members and 1 Guest are viewing this topic.

Offline Agusan_Mike

  • Golden Lily Treasure, Yamashita Treasure, Kin no yuri
  • Full Member
  • ***
  • Posts: 215
  • Gender: Male
  • Historical Recovery SpeNothingt
    • Amsoil
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% of China’s annual gold production and 4.2% of the state gold reserve as of 2019.”
https://news.bitcoin.com/gold-industry-83-tons-fake-gold-bars-secure-2-billion-loans-china/
There are no ancient secrets to decoding the past, there is only great research and applied logic.

Offline admin

  • Administrator
  • Hero Member
  • *****
  • Posts: 3393
  • Gender: Male
    • Southeast Asia Maritime Foundation
Yes... I saw that story. That was crazy!
TW