Compliments of Jim Sinclair's JSMineset
Subject: FW: $$: Lots of fake gold shows up in Hong Kong
HK gold market hit by sophisticated scam
By Robert Cookson in Hong Kong
Published: December 2 2010 03:59
Last updated: December 2 2010 03:59
Hong Kong goldsmiths have been sold hundreds of ounces of fake gold this year in one of the most sophisticated scams to hit the Chinese territory’s gold market in decades.
Industry executives say the scam – while not massive and hitting only the retail sector – uncloaks the increasingly elaborate gold swindles perpetrated by criminals in Asia as bullion prices soar to record highs of $1,400 a troy ounce. LINK...
