83 Tons Of Fake Gold Bars Made in China
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.
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.