You must go through this post to understand how a large scale scam has been undertaken by a powerful company. The report is as below:In a recent development, which would spark a brief wave of outrage among physical gold holders, China's Wuhan-based Kingold Jewelry Inc has been accused of depositing fake gold bars as collateral to obtain loan worth 20 billion yuan ($2.8 billion) from 14 Chinese financial institutions, mostly trust companies.
However, one fails to understand that isn't each gold bar tested for purity before being taken as collateral by the bank. You can get gold intraday tips and make money on a daily basis in the commodity market.
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