Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China – Bitcoin News

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 and 4.2% of the state gold reserve as of 2019."

Nasdaq-listed Kingold Jewelry says it's under investigation for using fake gold to secure US$2.9 billion of loans

Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China – Bitcoin News

Nasdaq-listed Chinese jeweler allegedly used fake gold to obtain $2.8 billion in loans

Gold bar mystery from China

alpaca_eval/results/alpaca-7b/model_outputs.json at main · tatsu-lab/alpaca_eval · GitHub

Mystery of $2bn of loans backed by fake gold in China - Nikkei Asia

Chinese firm dumps 83 tonnes of fake gold on the market - Decrypt

Here's One Possible Answer to the Puzzle of the Mystery Gold Buyer - Bloomberg

Gold bar mystery from China

83 Tons of Fake Gold Bars Backing $3 Billion Loans in China: This Man Claims to Know the Truth – News Bitcoin News