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dirtysanchez69 [S] 36 points ago +36 / -0

The story is shocking in exposing just how multi-faceted fraud is in China: capitalizing on pre-existing cronyism and connections with China's powerful army, the founder of Kingold was allowed to basically do anything he wanted, no questions asked, including counterfeiting over 83 tons of gold bars to get billions in funds to participate in China's housing bubble, only for a series of unexpected events to unwind the frauds one after another and expose the type of sordid scandal that is at the heart of most Chinese "enterprises" and business ventures.

https://www.zerohedge.com/markets/83-tons-fake-gold-bars-gold-market-rocked-massive-china-counterfeiting-scandal

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TrumpiestCUINT 5 points ago +5 / -0

They’ll put him to death and sell his organs

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GenericInsult 16 points ago +16 / -0

Related: https://www.bullionstar.com/blogs/koos-jansen/us-government-lost-7-fort-knox-gold-audit-reports/

 

TLDR: The last time Fort Knox was audited (with documentation) was 65 years ago.

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Wheredidiputit 11 points ago +11 / -0

Can't audit an empty storeroom

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GenericInsult 8 points ago +8 / -0

Sure you can... you just walk in with a clipboard and pen... then say "yep, it's all there".

(Just like all the "audits" done for the last 65 years)

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Wheredidiputit 2 points ago +2 / -0

lol this is true

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Scuffers 4 points ago +4 / -0

More info please?