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WebJun 30, 2024 · An investigation has uncovered one of the biggest gold counterfeiting scandals in recent history. The probe, carried out by Chinese news outlet Caixin found that Wuhan Kingold Jewelry, the largest privately-owned gold processor in central China’s Hubei province, used at least 83 tonnes of counterfeit gold as collateral for loans … WebDec 28, 2024 · Originally Published by: Scientists in China have learned how to turn cheap copper into “gold” — and it could have a significant impact on the price of precious metals. The Chinese research ... WebJun 29, 2024 · Well, apparently everything as at least some of 83 tons of gold bars used as loan collateral turned out to be nothing but gilded copper. That has left lenders holding the bag for the remaining 16 billion yuan of loans outstanding against the bogus bars. And as Caixin adds, the loans were covered by 30 billion yuan of property insurance policies ... high paying class b cdl jobs near me