Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China – Bitcoin News
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."
Chinese Jewelry Company Secured $2.8 Billion in Loans With Fake Gold
china gold fraud: China's biggest gold fraud, 4% of its reserves may be fake: Report - The Economic Times
Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China – Bitcoin News
In Depth: How $2.7 Billion of Fake Gold Tarnished Local Lending - Caixin Global
83 Tons of Fake Gold Bars discovered in China -Asian Wealth Management and Asian Private Banking
PICC, several other insurers tied up in Chinese fake gold scam
Chinese firm dumps 83 tonnes of fake gold on the market - Decrypt
Bullion Dealer Shows Newest Fake Gold Coins From CHINA
Gold bar mystery from China
Chinese Gold”. A Chinese guy bought some gold bars from local bank, and this is what happend to them after his apartment caught on fire. : r/Chinesium
Bullion Dealer Shows Newest Fake Gold Coins From CHINA
