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83 Tons Of Fake Gold Bars Made in China

serfserf Member Posts: 7,071 ✭✭✭
 The Chinese have always been counterfeiters and are notorious for it. The Art of War is one of their finest examples of manipulations of thinking to succeed by deceit. However, deceit is everywhere just not China.
                                                serf
                 Some more background: Kingold - whose name was probably stolen from Kinross Gold, one of the world's largest gold miners - is the largest privately owned gold processor in central China’s Hubei province. Its shares are listed on the Nasdaq stock exchange in New York (although its current market cap of just $10MM is a far cry from its all time highs hit when the company IPOed on the Nasdaq around 2010) . The company is led by Chairman Jia Zhihong, an intimidating ex-military man who is the controlling shareholder.


Comments

  • mogley98mogley98 Member Posts: 17,200 ✭✭✭
    I only buy Gold in small volumes and very rarely, like 40 years ago when I got married two rings and those were WAY over spot! LOL
    Silver I like but I prefer Junk silver as in old dimes, quarters Etc.

    Why don't we go to school and work on the weekends and take the week off!
  • nmyersnmyers Member Posts: 16,112 ✭✭✭
    I can't wait until they find out all those US Treasury notes they bought from us are worthless.
    Neal
  • select-fireselect-fire Member Posts: 62,371 ✭✭✭
    nmyers said:
    I can't wait until they find out all those US Treasury notes they bought from us are worthless.
    Neal

    :D
  • spasmcreeksrunspasmcreeksrun Member Posts: 1,300 ✭✭✭
    how STUPID are we to keep dealing with china and giving them permanent favored nation status in trade...u think the screw jobs are rife now just wait till the democraps get in power and fawn over china rolling over and greasing up AMERICA  for them...AND  we keep educating their students mandated by their govt to take advantage of us in every fashion ...STUPID....
  • chmechme Member Posts: 242 ✭✭
    edited June 30
    If you have gold covered tungsten, it will take a full chemical assay to find it- tungsten and pure gold have the same density- 19.3 grams per cc.  Both are more dense than lead  (11.34), which is why we used tungsten for radiation shields.  
  • yoshmysteryoshmyster Member Posts: 18,959 ✭✭✭
    I wonder how much painted lead US let loose in to the world market from Fort Knox? Also China is like a country of Bond Villains.
  • Horse Plains DrifterHorse Plains Drifter Member Posts: 35,215 ✭✭✭
    chme said:
    If you have gold covered tungsten, it will take a full chemical assay to find it- 
    Or a pocket knife
  • serfserf Member Posts: 7,071 ✭✭✭
     I bet it cost a lot for the average Joe however.
                             serf

  • us55840us55840 Member Posts: 30,808 ✭✭✭✭
    No surprise since the Chinese have been taking advantage of the "American Public" for decades.

     :p 
    "This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing government, they can exercise their constitutional right of amending it, or exercise their revolutionary right to overthrow it." Abraham Lincoln
  • KenK/84BravoKenK/84Bravo Member Posts: 6,044 ✭✭✭

    The entire World needs to hold these irresponsible Liars/Thiefs accountable by refusing to buy ANYTHING from them. It's way past time.

    If what has taken place over these last 6-7 months does not prove/illustrate this, I don't know what will.

    Extreme NE TN/W NC ya'll. 😁

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