Massive Chinese gold fraud uncovered.

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  • Tue, Jun 30, 2020 - 12:33pm

    #1
    Bluenose13

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    Massive Chinese gold fraud uncovered.

I’m sure this will get picked up here soon, but for the potential financial ramifications, I though people should see as soon as possible.

https://www.zerohedge.com/markets/83-tons-fake-gold-bars-gold-market-rocked-massive-china-counterfeiting-scandal

The summary is that a Chinese company was using gold as collateral for billions in loans. This gold was insured and supposedly verified by an insurance agency. It was eventually discovered through accident that some of the gold was actually cored with tungsten, and other bars even just gold plated copper. It wasn’t a sophisticated counterfeit, but as it was insured, no one checked. The small fraud uncovered calls into question all 83 tons “owned” by the company, which is the same as 22% of China’s anual gold production, and 4.2% of the entire Chinese gold reserve as of 2019!

This could be a huge blow to people’s faith in the gold supply, and that could kickstart a variety of changes. I’m no expert, and won’t make any predictions on what will happen, but anyone with financial ties to precious metals needs to see this news ASAP.

  • Tue, Jun 30, 2020 - 09:23pm

    #2
    Rootman

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    Massive Chinese gold fraud uncovered.

It could be true (on what scale?), but be aware that there is lots of fake news and propaganda circulating about China: Pompeo and the republicans, the heirs of Tjang kai tjek from Taiwan, the falun gong, the western sponsored rioters in Hongkong, the Uygur propaganda (part of it affiliated with al Qaida), Sky news, Cisko, etc. etc.

 

I would not want to live in China, but then, I’m not Chinese!  I think they are doing a great job containing COVID, and I am mostly very happy with the stuff I order from China, most of it not obtainable or affordable elsewhere. I am just as opposed against the Russophobe bias voiced by the democrats.

 

In Europe, where I live, fortunately these opinions are a bit more moderate. The general rule here is: the less people are informed, the most biased they are (except political operators).

  • Thu, Jul 02, 2020 - 10:21am

    #3
    tbp

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    Massive Chinese gold fraud uncovered.

@Rootman
It could be true (on what scale?), but be aware that there is lots of fake news and propaganda circulating about China: Pompeo and the republicans, the heirs of Tjang kai tjek from Taiwan, the falun gong, the western sponsored rioters in Hongkong, the Uygur propaganda (part of it affiliated with al Qaida), Sky news, Cisko, etc. etc.

Please provide evidence of your absurd pro-CCP, genocide-whitewashing statements.

  • Thu, Jul 02, 2020 - 09:35pm

    #4
    Rootman

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    Massive Chinese gold fraud uncovered.

I don’t have to. Most of their products work just fine and are affordable, or are simply nowhere else available, like action cams and their optics.

 

For the rest: It is not my country, so it is not my bussiness! If a majority the Chinese, the Venezolans , the Cubans, the Iranians or the Russians want to change their system, good for them. But they definitely are not helped by my interference!  To me all this top-down fake indigination about countries and their governments seems just a prelude to sanctions, hostilities or even military agression.

 

In the US it seems like a signature opinion for the dems to hate Russia and the reps to hate Russia.. All that seems very silly and immature from my side of the pond (Netherlands).

  • Sun, Jul 05, 2020 - 01:39pm

    #5
    schlaberdasken

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    Massive Chinese gold fraud uncovered.

From a fellow European, I totally agree with you.

I’ve found enough evidence to fill several books on the issues you mentioned. Propaganda is real.

Americans seem binary coded with the 2 party state. It’s either Yes or no. Blue or red.

“It’s easier to fool people than to convince them that they have been fooled.”

Mark Twain

  • Sun, Jul 05, 2020 - 02:04pm

    #6
    schlaberdasken

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    Massive Chinese gold fraud uncovered.

Here is some from my archives.

National Front member arrested over Hong Kong explosives is denied bail https://www.scmp.com/news/hong-kong/politics/article/3019552/national-front-member-arrested-over-hong-kong-explosives

Steven Bannon and Guo Wengui control Hong Kong riot/protest! And gives Baggio Leung, leader of National Front, him and his members assurances of full financial support. https://youtu.be/XoyGc41wcwc

And the Uighurs… There are Uighurs in Guantanamo. Why do you think they are there? Search the Turkistan Islamic Party in Syria, there are tens of thousand Uighurs there as well. Maybe China got fed up with all the terror attacks in Xinjiang between 1990-2015. And the 1 million number comes from .. https://youtu.be/NzIJ25ob1aA?t=866 … straight from the mouth of Omer Kanat the leader of The World Uyghur Congress. Saying his source of the 1 million detainees is WESTERN MEDIA.

What would the US response have been if you had a state with many illiterates that’s being thought wahhabism thru Saudi funded mosques and doing terror attacks for 25 years? Fighting terrorism in Xinjiang https://youtu.be/u4cYE6E27_g The black hand — ETIM and terrorism in Xinjiang https://youtu.be/Ww-DcuJW7uQ

Hong Kong’s ‘pro-democracy’ movement allies with far-right US politicians that seek to crush Black Lives Matter

Hong Kong protests: Activists received training from Oslo Freedom Forum
The protests was planned in 2017. https://youtu.be/JIjVBUwpri8

I can go on and on. But don’t want to write a book here. Do some research. There is a hole world outside your borders. Watching news about China made in the US is utterly pointless if you are interested in real news. But it is great if you are a supporter of Joseph Goebbels style of propaganda and want to hate 1.5 billion people you know nothing about.

 

 

 

  • Sun, Jul 05, 2020 - 02:16pm

    #7

    davefairtex

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    moderate opinions

In Europe, where I live, fortunately these opinions are a bit more moderate. The general rule here is: the less people are informed, the most biased they are (except political operators).

Well you definitely sound informed.  How many times have you been to China?

Oh, and as for hating 1.5 billion people – you do know its possible to admire German people, but reject and despise what the Nazi Party stands for.  Right?

It is possible to dislike the government, and respect the people, all at the same time.

Especially the Chinese people that fled persecution by their evil murderous government, the CCP.

Anyone remember how many Mao killed?  That’s propaganda too, right?  Tienanmen, propaganda too.  All the things the CCP has done over the years.  All propaganda by the evil West.

  • Sun, Jul 05, 2020 - 02:16pm

    #8
    schlaberdasken

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    Massive Chinese gold fraud uncovered.

Americans shouldn’t speak to load about genocide. Where are all your natives? How many countries do you bomb on a daily bases these days? I watched Trump’s 4.July celebration yesterday. It was one long commercial for your military industrial complex, bragging about what plane had killed the most, how many rounds per min and this and that about a lot of bombs. Do you not have anything else to be proud about? Beside killing people in poorer countries?

  • Sun, Jul 05, 2020 - 02:18pm

    #9
    schlaberdasken

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    Reply To: Massive Chinese gold fraud uncovered.

I have been twice both in USA and in China.

  • Sun, Jul 05, 2020 - 02:24pm

    #10

    thc0655

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    Bragging rights

You forgot saving Europe from Germans. Twice. 🤷‍♂️

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