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Kingold Under Investigation For Backing Billions In Loans With Fake Gold

 
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Author Previous TopicReplies: 2 / Views: 241Next Topic  
Pillar of the Community
United States
794 Posts
 Posted 07/02/2020  01:22 am Show Profile   Check Collects82's eBay Listings Bookmark this topic Add Collects82 to your friends list Get a Link to this Message
I can't say I'm one to dwell on the bullion side of the hobby much, but saw this and thought WOWZERS!!

In short, Kingold, a Nasdaq listed and one of China's largest gold suppliers is accused of securing billions in loans on fake gold bars as collateral.

www.economictimes.com/news/international/world-news/chinas-biggest-gold-fraud-4-of-its-reserves-may-be-fake-report/amp_articleshow/76707339.cms

I chose this link because it goes into more details, but a quick google search will find shorter articles.
My hoard of '82s is up to 192! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 12, 1682 x 14, 1782 x 50, 1882 x 49, 1982 x 31
Edited by Collects82
07/02/2020 01:24 am
New Member
United States
36 Posts
 Posted 07/02/2020  12:23 pm  Show Profile   Bookmark this reply Add glenmorenee to your friends list Get a Link to this Reply
Yikes!

File this one with the ex-mayor caught with 13 tons of gold in his basement along with 37 billion in cash and assets. How much does $37 billion in $100 dollar bills weigh? ANOTHER 370 tons!
Pillar of the Community
Canada
2001 Posts
 Posted 07/08/2020  04:07 am  Show Profile   Bookmark this reply Add Northerncoins to your friends list Get a Link to this Reply
Here's The Ridiculous Loot That's Been Found With Corrupt Chinese Officials:

Zhou Yongkang

Here's a taste of Zhou's confiscated spoils:


Cash stashed in Zhou's residences totaling $300.3 million in US dollars, euros, yuan, British pounds, and Swiss francs.
62 cars including military Jeeps and a tourist bus.
55 paintings by famous painters with a market value between $128 million and $161 million.
Hundreds of foreign and domestic bank accounts belonging to Zhou and relatives totaling $6.06 billion.
Petroleum, aviation, wine, and financial securities with a total value of $8.24 billion.
Foreign securities and bonds totaling $27.3 million.
326 properties all over China totaling $1.76 billion in value.
42,850 grams of gold, silver, and gold coins.


A few others at the link.


https://www.businessinsider.com/the...cials-2015-1
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