Big gold fraud busted in China! Gold market spooked by massive counterfeiting scandal
Ho hum. China is full of nothing but lies, scams, rorts and blatant dishonesty, That is all they know how to do things, call them out for it and oh dont they pull out the victim card. Have nothing to do with China for any reason ever. If you think its directed at the outside world it isn’t. They do it openly between themselves.
The fake gold bars are equivalent to 22 per cent of China’s annual gold production and 4.2 per cent of the China’s gold reserve as of 2019