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Category: gold industry
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Banking System Uses Significantly More Energy Than Bitcoin, Research Shows
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83 Tons of Fake Gold Bars in China: This Man Claims to Know the Truth
The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where it is, an insider claims to know what happened. The Mystery Behind the Chinese Scandal […]
The post 83 Tons of Fake Gold Bars in China: This Man Claims to Know the Truth appeared first on Bitcoin News.
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Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China
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 […]
The post Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China appeared first on Bitcoin News.
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