Australian Politics Forum - China's State Banks Selling Fake Gold and Money

MeisterEckhart Gold Member Offline Australian Politics Posts: 14392 Gender:	China's State Banks Selling Fake Gold and Money May 18^th, 2025 at 7:31am This is the reason you should NEVER buy goods of high value from China. China’s State Banks Sell Fake Gold and Fake US Dollars https://www.youtube.com/watch?v=coJp14Xdchs
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Bobby. Gold Member Offline Australian Politics Posts: 109831 Melbourne Gender:	Re: China's State Banks Selling Fake Gold and Money Reply #1 - May 18^th, 2025 at 7:43am Didn't they find fake Gold at Fort Knox? (Tungsten covered in Gold.)
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greggerypeccary Gold Member Offline Australian Politics Posts: 142236 Gender:	Re: China's State Banks Selling Fake Gold and Money Reply #2 - May 18^th, 2025 at 7:49am Bobby. wrote on May 18^th, 2025 at 7:43am: Didn't they find fake Gold at Fort Knox? (Tungsten covered in Gold.) No.
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Bobby.

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Re: China's State Banks Selling Fake Gold and Money
Reply #3 - May 18^th, 2025 at 8:05am

https://gold-quote.net/en/articles/fake-tungsten-gold-bars.php

It seems that fake Tungsten blanks, between 1.3 and 1.5 million 400 oz,
were manufactured in the US about fifteen years ago during the Clinton administration.
Said to have been done by a very sophisticated refiner,
640,000 of these tungsten blanks were gold plated and shifted to Fort Knox.
The remaining also gold plated, but sold into the international market.

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greggerypeccary

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Re: China's State Banks Selling Fake Gold and Money
Reply #4 - May 18^th, 2025 at 8:10am

Bobby. wrote on May 18^th, 2025 at 7:43am:

Didn't they find fake Gold at Fort Knox?

(Tungsten covered in Gold.)

All bullshit, Bobby.

A conspiracy theory spread by a Nazi.

On February 16, a frequent spreader of false information, lawyer Irakli Zakareishvili, published a Facebook post claiming that an audit conducted by Elon Musk had discovered counterfeit gold bars in the Fort Knox depository. The post included an image of a gold bar allegedly counterfeited using tungsten.

Elon Musk has not conducted an audit of the U.S. gold reserves stored in Fort Knox, and consequently, the circulating claim is false. While Musk has suggested that he would like to inspect the reserves, it remains unclear whether he or his agency will actually audit the Fort Knox gold reserves. Moreover, the circulated image has no connection to the U.S. gold reserves and has been shared on social media since at least 2023.

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Leroy

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Re: China's State Banks Selling Fake Gold and Money
Reply #5 - May 18^th, 2025 at 8:25am

Bobby. wrote on May 18^th, 2025 at 8:05am:

https://gold-quote.net/en/articles/fake-tungsten-gold-bars.php

It seems that fake Tungsten blanks, between 1.3 and 1.5 million 400 oz,
were manufactured in the US about fifteen years ago during the Clinton administration.
Said to have been done by a very sophisticated refiner,
640,000 of these tungsten blanks were gold plated and shifted to Fort Knox.
The remaining also gold plated, but sold into the international market.

You can't sell fake bars on the international market, they have the technology to identify fake bars. Even your local pawn shop would be able to identify fake bars.

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Bobby.

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Re: China's State Banks Selling Fake Gold and Money
Reply #6 - May 18^th, 2025 at 8:34am

Leroy wrote on May 18^th, 2025 at 8:25am:

Bobby. wrote on May 18^th, 2025 at 8:05am:

https://gold-quote.net/en/articles/fake-tungsten-gold-bars.php

It seems that fake Tungsten blanks, between 1.3 and 1.5 million 400 oz,
were manufactured in the US about fifteen years ago during the Clinton administration.
Said to have been done by a very sophisticated refiner,
640,000 of these tungsten blanks were gold plated and shifted to Fort Knox.
The remaining also gold plated, but sold into the international market.

You can't sell fake bars on the international market, they have the technology to identify fake bars. Even your local pawn shop would be able to identify fake bars.

Tungsten is so close to the same density as Gold that
normal tests won't reveal it.
I think you need to X-ray it or drill into the bar to find out.

Google AI

Tungsten and Gold have nearly identical densities.
The density of gold is 19.32 g/cm³, while the density of tungsten is 19.25 g/cm³.
This close similarity makes tungsten a material used in counterfeiting gold bars.

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MeisterEckhart

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Re: China's State Banks Selling Fake Gold and Money
Reply #7 - May 18^th, 2025 at 8:52am

Leroy wrote on May 18^th, 2025 at 8:25am:

Bobby. wrote on May 18^th, 2025 at 8:05am:

https://gold-quote.net/en/articles/fake-tungsten-gold-bars.php

It seems that fake Tungsten blanks, between 1.3 and 1.5 million 400 oz,
were manufactured in the US about fifteen years ago during the Clinton administration.
Said to have been done by a very sophisticated refiner,
640,000 of these tungsten blanks were gold plated and shifted to Fort Knox.
The remaining also gold plated, but sold into the international market.

You can't sell fake bars on the international market, they have the technology to identify fake bars. Even your local pawn shop would be able to identify fake bars.

Not with Tungsten slugs, in thick bars of a kilo or more, they won't.

XRF machines can't detect that deep. The bars need to be drilled or cut.

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Grappler Truth Teller

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Re: China's State Banks Selling Fake Gold and Money
Reply #8 - May 18^th, 2025 at 8:59am

These the same banks that were handing out loans interest free or very low to its citizens so they could steadily buy up the West, cause inflation, trigger the madness of house prices soaring, then immigrate there and build a political base, and thus bring the West to its stupid knees with the connivance of 'leftist' parties?

Can I ask again this morning - WTF is WRONG with you people? Are you so blind you can't see anything real?

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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MeisterEckhart

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Re: China's State Banks Selling Fake Gold and Money
Reply #9 - May 18^th, 2025 at 9:00am

It's estimated that between 2% to 5% of the world's gold is estimated to be fake or seeded with metals like Tungsten.

Its source is largely Asia, particularly from China, where state institutional fraud is protected and abetted by the Chinese regime.

For this reason, foreigners need to be extremely wary when buying from a Chinese source... if they'll defraud their own citizens, they will have zero second thoughts selling fake gold to others.

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MeisterEckhart

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Re: China's State Banks Selling Fake Gold and Money
Reply #10 - May 18^th, 2025 at 9:06am

Grappler Truth Teller wrote on May 18^th, 2025 at 8:59am:

These the same banks that were handing out loans interest free or very low to its citizens

So that they could be fleeced at a later date via fake or worthless property deals, fake gold, or just by freezing their accounts at will and without notice, then confiscating their money without reasons given.

The Chinese adopted capitalism the way lapsed vegetarians who adopt meat-eating might by becoming cannibals.

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Ai_Took_Our_Jobs Junior Member Offline Australian Politics Posts: 75 Gender:	Re: China's State Banks Selling Fake Gold and Money Reply #11 - May 18^th, 2025 at 9:06am Perth Mint sold diluted gold to China, got caught, and tried to cover it up The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or "doped" bullion to China and then covering it up, according to a leaked internal report. abc
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chimera Gold Member Offline Australian Politics Posts: 13022 Armidale Gender:	Re: China's State Banks Selling Fake Gold and Money Reply #12 - May 18^th, 2025 at 9:13am Bobby. wrote on May 18^th, 2025 at 8:34am: The density of gold is 19.32 g/cm³, while the density of tungsten is 19.25 g/cm³. The standard 400-troy-ounce "Good Delivery" bar of bullion is 12.4 kilograms, which is .38kg difference from tungsten.
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Ai_Took_Our_Jobs

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Re: China's State Banks Selling Fake Gold and Money
Reply #13 - May 18^th, 2025 at 9:14am

Reserve Bank of Australia Confirms Fake Gold Bars at Bank of England

On February 17, 2025, the Reserve Bank of Australia (RBA) confirmed the presence of fake gold bars at the Bank of England, sparking significant market reactions across various financial instruments, including cryptocurrencies

blockchain.news/flashnews/reserve-bank-of-australia-confirms-fake-gold-bars-at-b
ank-of-england

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MeisterEckhart

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Re: China's State Banks Selling Fake Gold and Money
Reply #14 - May 18^th, 2025 at 9:14am

Ai_Took_Our_Jobs wrote on May 18^th, 2025 at 9:06am:

Perth Mint sold diluted gold to China, got caught, and tried to cover it up

The historic Perth Mint is facing a potential $9 billion recall of gold bars after selling diluted or "doped" bullion to China and then covering it up, according to a leaked internal report.

abc

No, it didn't.

It sold 99.99% gold to the Shanghai Gold Exchange with 0.01% Silver, which is the standard delivery.

The SGE wanted 99.99% gold with 0.005% Silver and 0.005% Bismuth so when they remelted the gold, they could cream off Bismuth which they could sell to Chinese industrial manufacturers.

The Chinese banks, the SGE, and all other Chinese gold bullion dealers, and every other bullion dealer in the world, hold the Perth Mint in the highest regard for guaranteed 99.99% gold products... The ABC... not so much.

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