China's Billion Dollar Fake Gold Bars Scandal

With the demand for gold increasing, especially with countries around the world stockpiling their supply prior to and during the "Rona" virus, it only makes sense for a gold scandal, right? Apparently, China was claiming to back loans with 2 Billion dollars value of gold bars as collateral. Oddly, this counterfeit scam stems from none other than Wuhan.

What does this all mean? Could there be more gold scandals afoot?

➥➥➥ Article 1 Reference
Read It ⇢ https://economictimes.indiatimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/articleshow/76707339.cms

➥➥➥ Article 2 Reference
Read It ⇢ https://asia.nikkei.com/Spotlight/Caixin/Mystery-of-2bn-of-loans-backed-by-fake-gold-in-China

➥➥➥ Article 3 Reference
Read It ⇢ https://www.nytimes.com/reuters/2020/06/30/world/asia/30reuters-china-gold-kingold-jewelry.html

➥➥➥ Article 4 Reference
Read It ⇢ https://smallcaps.com.au/china-counterfeit-gold-scandal-wuhan-kingold-jewelry-fake-bars-loans/

➥➥➥ Article 5 Reference
Read It ⇢ https://www.foxnews.com/us/wuhan-company-now-at-the-center-of-one-of-the-biggest-fake-gold-scandals

➥➥➥ Article 6 Reference
Read It ⇢ https://www.kitco.com/news/2020-04-02/Buying-paper-gold-ETFs-could-be-huge-failure-if-gold-is-in-short-supply-Bond-King-Gundlach.html

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