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One Ton Gold Shipment Into Hong Kong Revealed To Contain Just Worthless Metal

Tyler Durden's picture




 

Two years ago, stories of fake tungsten-filled gold coins and bars began to spread; it appears, between the shortage of physical gold (after Asian central bank buying) and the increase in smuggling (courtesy of India's controls among others) that gold fraud is back on the rise. As SCMP reports, a mainland China businessman, Zhao Jingjun, discovered that HK$270 million of 998kg of gold bars he bought in Ghana had been swapped for non-precious metal bars. What is perhaps even more worrisome, given the probe into commodity-financing deals and the rehypothecation evaporation; these gold bars were shipped to a Chinese warehouse before Zhao was able to confirm the fraud.

As South China Morning Post reports, police were last night making arrangements with a mainland businessman to check whether HK$270 million of gold bullion he bought in Africa was genuine after part of the consignment was swapped with metal bars.

On Wednesday, Zhao Jingjun, 43, opened part of his shipment in front of his buyer in Hong Kong and discovered the gold had been switched for worthless metal.

 

A senior officer said it would be the city's biggest heist in a decade if it was confirmed that all the gold had been stolen.

 

An initial inquiry showed Zhao purchased 998kg of gold bars from a company in Ghana in mid-April, police said.

 

The consignment, in 14 cases, was escorted by his staff and delivered from Ghana on a chartered flight late last month.

 

"Officers were told that his employee confirmed the cases contained the gold before it was loaded onto the chartered flight in Ghana," a police source said.

 

The source said the employee left Hong Kong after the consignment was handed to the staff of a logistics company at Chek Lap Kok airport. It was then couriered to a Tsuen Wan warehouse.

 

The businessman arrived from Hebei province on Monday and checked into the Kowloon Shangri-La hotel in Tsim Sha Tsui. On Wednesday, he had five of the cases couriered to his buyer's Hung Hom office.

 

"When he opened the boxes, he found they were filled with metal bars instead of gold bullion," the source said. "He told officers the cases appeared to have been tampered with."

 

...

 

A police investigator said: "We don't rule out the possibility that the gold bullion may have been switched for metal bars before being delivered to Hong Kong."

 

Zhao has reportedly made several such transactions. His business activities include the purchase of iron ore from Australia, Africa and South America.

 

Four years ago, 265 gold bars were taken from a Yuen Long company. Police arrested three men and recovered most of the HK$90 million in bullion stolen.

We can't help but feel this is not the last time as commodity-backed financings are unwound en masse and the underlying collateral found missing... sourcing the underlying by any means will be on the rise.

*  *  *

For those who want to learn more about China and gold, please read "How China Imported A Record $70 Billion In Physical Gold Without Sending The Price Of Gold Soaring"

For those curious what a fake 10oz bar looks like, here it is again:

 

It appears in thise case, the fraudsters could not even afford Tungsten (or maybe the Tungsten was rehypothecated elsewhere)...

 

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Fri, 06/06/2014 - 14:59 | 4830866 max2205
max2205's picture

Ho li fuc

Fri, 06/06/2014 - 15:03 | 4830885 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

Someone please advise our Zero Hedge community immediately if/when they ever find 1 oz fake Gold Eagles...

Fri, 06/06/2014 - 15:11 | 4830888 idea_hamster
idea_hamster's picture

Maybe that's where all the copper and aluminum went!

 

@DoChenRollingBearing:  It's not a US coin, but you should see this, since it's a 1/10 oz -- I would have thought it would not pay to rip off a small-denom:

http://fofoa.blogspot.com/2013/12/public-service-announcement.html

Fri, 06/06/2014 - 15:11 | 4830918 THX 1178
THX 1178's picture

ha!

Fri, 06/06/2014 - 15:16 | 4830935 rehypothecator
rehypothecator's picture

When buying large quantities of gold, I always go to Africa where the low prices are practically a steal. 

Fri, 06/06/2014 - 15:20 | 4830954 linniepar
linniepar's picture

Even more barbarous than the real stuff!

Fri, 06/06/2014 - 15:24 | 4830965 idea_hamster
idea_hamster's picture

@rehypothecator:

*steel

I make that typo too.  ;-)

Fri, 06/06/2014 - 15:27 | 4830980 TeamDepends
TeamDepends's picture

Caveat Emptor

Fri, 06/06/2014 - 15:30 | 4830991 Winston Churchill
Winston Churchill's picture

Someone was on risk for insurance.

Can you say Jewish stocktake in Chinese.

Fri, 06/06/2014 - 15:48 | 4831055 walküre
walküre's picture

Can't do that but I can tell you that the tribe will never share the golden calf. This Chinese shmo actually thought he could by himself 1 ton of precious with his fake fiat Mao paper!

Fri, 06/06/2014 - 15:56 | 4831069 COSMOS
COSMOS's picture

I would suggest you go to your gold bars and cut them in half to make sure there is nothing worthless inside covered by the gold.  Also nothing wrong with melting that stuff down to make sure its real gold.

Also never trust anyone with our gold.  He should of been with those precious babies from inceptions to final destination in his safe.

Fri, 06/06/2014 - 16:15 | 4831151 gh0atrider
gh0atrider's picture

Don't get rehypothecated like the gold bugs did!

Buy your Bitcoins today!!

Fri, 06/06/2014 - 16:21 | 4831163 Save_America1st
Save_America1st's picture

PM's update from Turd Ferguson.  A good read and some great analysis too.  Bottom line:  Save your dry powder for PM's until the end of June as we could be goin' lower, folks. Then back the fucking truck up!!!

Clarifying The Picture For June

http://www.tfmetalsreport.com/blog/5811/clarifying-picture-june

#TurdArmy

Fri, 06/06/2014 - 16:28 | 4831189 nope-1004
nope-1004's picture

It's because of articles like this that I buy US dollars and keep them in my wallet.  Unlike gold and silver that can be lost when dumped in a lake, my US dollars dry out nicely after getting wet.  My wealth is instantly preserved.  So serves all you goldbugz right.   /s

Fri, 06/06/2014 - 16:36 | 4831215 DoChenRollingBearing
DoChenRollingBearing's picture

+ $55,000  !!

Fri, 06/06/2014 - 17:25 | 4831349 Theosebes Goodfellow
Theosebes Goodfellow's picture

No one's done it yet, so I might as well and get it out of the way:

SUM TING WONG!!!!!!!

(Elvis voice: "Thank you, thank you very much, thank you...")

:)

Fri, 06/06/2014 - 17:37 | 4831366 Four chan
Four chan's picture

i like how the ghana scammers put a dragon on the back, nice touch. 

Fri, 06/06/2014 - 20:38 | 4831664 August
August's picture

Dragon?

Fri, 06/06/2014 - 22:14 | 4831814 strannick
strannick's picture

 

 

Its not worthless. Tungsten's going for $400 ton...

Fri, 06/06/2014 - 22:34 | 4831841 Manthong
Manthong's picture

I sense an analogy to the USSA nowadays.

Sat, 06/07/2014 - 01:08 | 4832022 Stackers
Stackers's picture

Shocking

Sat, 06/07/2014 - 05:37 | 4832126 new game
new game's picture

another reason why gold will be a hard sell when nobody trusts anyone, which will be upon us soon. fuck gold...

gold is a false paridim of wealth, luring in fools that have a false value of wealth. wealth comes from inside your mind(value and virtue), not a vault or the bottom of a lake...

haha...

Sat, 06/07/2014 - 06:34 | 4832144 GetZeeGold
GetZeeGold's picture

 

 

 

 

Buy your Bitcoins today!!

 

A comparison of cut open real and fake bitcoins reveal both are nothing but air.

Sat, 06/07/2014 - 06:40 | 4832146 negative rates
negative rates's picture

i'm long hookers and coke.

Sat, 06/07/2014 - 10:26 | 4832299 svayambhu108
svayambhu108's picture

real gold dissapears in planes

Fri, 06/06/2014 - 18:43 | 4831469 Poundsand
Poundsand's picture

It had to be done.

Fri, 06/06/2014 - 19:18 | 4831523 Never One Roach
Never One Roach's picture

Gosh.

 

I guess I'm pretty lucky; the ones I bought from that Nigerian were 100% genuine.

 

He told me so.

Fri, 06/06/2014 - 20:42 | 4831668 Haole
Haole's picture

Bitcoin will be $55,000 before gold. 

Fri, 06/06/2014 - 21:31 | 4831742 DoChenRollingBearing
DoChenRollingBearing's picture

Either or both reaching $55,000 is OK with me.

Fri, 06/06/2014 - 23:49 | 4831936 Bindar Dundat
Bindar Dundat's picture

I like NXT as well as BTC.   

 

Right now it is $.08 and will double double every month for awhile until it hits $10.00 or so.   

Sat, 06/07/2014 - 12:31 | 4832554 Manthong
Manthong's picture

Crap.. I was just starting to get a decent grip on the whole Bitcoin approach.. and now a whole new angle?
I went to http://www.nxtcommunity.org/  lots of nice bullet points, but where is a good overview of the architecture and process/flow?

Fri, 06/06/2014 - 21:21 | 4831733 Lionhearted
Lionhearted's picture

Enjoy The Fed stealing your money out of your wallet without even touching it. LOL They are doing it every day.

The Federal Reserve's Explicit Goal: Devalue The Dollar 33% This is a Forbes article not some nut job conspiracy. They are doing this.

 

Fri, 06/06/2014 - 21:50 | 4831770 Son of Loki
Son of Loki's picture

So what does this have to do with that missing Malaysian airliner?

Sat, 06/07/2014 - 03:24 | 4832083 CuttingEdge
CuttingEdge's picture

Two tonnes of au on board is one hell of an incentive to make it disappear...

 

Sat, 06/07/2014 - 00:54 | 4832013 natty light
natty light's picture

Thurston Howell III was probably thinking similar when he took chest full of cash on the Minnow.

Sat, 06/07/2014 - 12:35 | 4832568 Manthong
Manthong's picture

Being stuck on a tropical island with Mary Ann and Ginger would be a decent motivator, too.

Sat, 06/07/2014 - 12:02 | 4832457 JR
JR's picture

Exactly! nope. Fake gold has nothing on the rest of us; we have fake dollars!

Fri, 06/06/2014 - 16:45 | 4831237 TeamDepends
TeamDepends's picture

We enjoy Turd, but prefer his brother, Coprolite Ferguson, because Copi believes, as do we, that silver is going to catch gold and perhaps even lap it.

Fri, 06/06/2014 - 16:57 | 4831279 Blano
Blano's picture

Just like a few months ago, and in 2013, & 2012, & 2011, and......

Sun, 06/08/2014 - 10:20 | 4834071 lunaticfringe
lunaticfringe's picture

I seem to have heard this before.

Fri, 06/06/2014 - 15:31 | 4830992 Pinto Currency
Pinto Currency's picture

 

 

Tungsten-filled gold bars are almost as worthless as those trillion $ bearer bonds found in Italy and almost as silly as QE.

Fri, 06/06/2014 - 16:45 | 4831239 putaipan
putaipan's picture

ah well, worthless if you can't get anyone to cash 'em .... if you thought those were fishy ( pun intended) see linky below-

Fri, 06/06/2014 - 15:20 | 4830955 dontgoforit
dontgoforit's picture

Man, that makes my stomach tighten up and it wasn't even my gold.  What a crappy trick.

Fri, 06/06/2014 - 16:00 | 4831095 Citxmech
Citxmech's picture

Jesus - that was a 10oz bar too. . .

 

Fri, 06/06/2014 - 15:47 | 4831050 Harbanger
Harbanger's picture

Sum ting wong is also waiting for his payoff from that Nigerian email.

Fri, 06/06/2014 - 16:31 | 4831201 shovelhead
shovelhead's picture

He could have run into Fuk King Yu on the Hong Kong end.

Fri, 06/06/2014 - 17:18 | 4831325 Cacete de Ouro
Cacete de Ouro's picture

Stolen gold has now been delivered to notorious Chinese fence, Ray Ling

Sat, 06/07/2014 - 09:52 | 4832264 Bendromeda Strain
Bendromeda Strain's picture

It's an Odd Job, but someone had to do it...

Fri, 06/06/2014 - 16:36 | 4831210 Time for Titus
Time for Titus's picture


Fri, 06/06/2014 - 17:07 | 4831297 HungryPorkChop
HungryPorkChop's picture

It's called M&M Gold after the candy.  Nice golden yellow shell surrounding a chocolately colored metal.    

Sat, 06/07/2014 - 09:25 | 4832248 kill switch
kill switch's picture

I always go to Africa where the low prices are practically a steel

Sat, 06/07/2014 - 13:44 | 4832713 Kirk2NCC1701
Kirk2NCC1701's picture

rehypothecator: "When buying large quantities of gold, I always go to Africa where the low prices are practically a steal."

Those BARBARICANS! 

"Out of BARBARICA".  Now a Broadway play, starring the usual actors, produced by TPTB.

Fri, 06/06/2014 - 16:43 | 4831230 RafterManFMJ
RafterManFMJ's picture

Gold MUST BE and denigrated to the sheep, and what MUST be done WILL be done.

Therefore, to keep gold from entering the mainstream there WILL BE stories and examples of fake 1oz coins, Eagles and Maples, Etc.

This is something you can count on.

Fri, 06/06/2014 - 19:24 | 4831539 Never One Roach
Never One Roach's picture

Most 'collectors' I know 1) buy from reputable dealers; 2) weigh and measure each item when received; 3) buy coins which are definitely harder to fake them bars; and 4) compare them with previous similar coins in their collections....

 

... of course they do all this Due Diligence before embarking on ones of those tragic boating accidents.

Fri, 06/06/2014 - 21:24 | 4831736 Lionhearted
Lionhearted's picture

Buying US coins from American dealers. It is a serious federal offense to fake them. Seller beware.

Sat, 06/07/2014 - 06:07 | 4832133 Disenchanted
Disenchanted's picture

The 'well-connected' are not bothered by serious federal offenses or US Justus.

Fri, 06/06/2014 - 15:14 | 4830928 davinci7_gis
davinci7_gis's picture

Those pics remind me of opening the Willy Wonka bar and not finding a golden ticket!

Fri, 06/06/2014 - 16:48 | 4831254 RafterManFMJ
RafterManFMJ's picture

You did not exchange fiat for gold and silver? You get nothing! You lose! Good day Sir!

Fri, 06/06/2014 - 15:21 | 4830960 DoChenRollingBearing
DoChenRollingBearing's picture

idea_hamster

Thank you very much!  I should have remembered FOFOA´s article.

Fri, 06/06/2014 - 17:44 | 4831383 Chief Wonder Bread
Chief Wonder Bread's picture

I read the FOFOA article. I wouldn't go so far as to make a blanket condemnation of all slabbed coins as he does but you have to be careful purchasing from a seller you don't know.

IIRC the Chinese can make perfect copies of Morgan silver dollars. They bought the original presses and dies!

Sat, 06/07/2014 - 11:34 | 4832378 CheapBastard
CheapBastard's picture

Stick to reputable dealers mainly here in the USA with many years of reputation. I agree with the above about DD also.

Fri, 06/06/2014 - 18:25 | 4831449 stacking12321
stacking12321's picture

dcrb,

i haven't come across 1oz fake gold coins, but they are out there apparently.

this "very professional and serious company, specializing in manufacturing and selling gold-plated tungsten coin" can make them for you:

http://www.tungsten-alloy.com/gold-plated-tungsten-alloy-coin.html

Fri, 06/06/2014 - 21:43 | 4831760 DoChenRollingBearing
DoChenRollingBearing's picture

Thanks!  I emailed the link to myself.

Fri, 06/06/2014 - 15:24 | 4830968 oddjob
oddjob's picture

My father had a laundromat long ago, he would find pennies filed down to the size of a dime in the dryers. He was adament about finding the culprit, ....and hire him because he worked so cheap.

Fri, 06/06/2014 - 15:56 | 4831080 jbvtme
jbvtme's picture

i used to use copper quarters at the laundromat in the early 70's. wish i had some now

Fri, 06/06/2014 - 16:49 | 4831253 putaipan
putaipan's picture

a size #7 brass washer with a little tape. courtesy of the late abbie 'steal this book' hoffman.

Sat, 06/07/2014 - 01:09 | 4832023 CPL
CPL's picture

http://www.grattanfasteners.com/GrattanItem1.aspx?item=62212&Category=

It costs .31 cents to make a 25 cent slug now if buying a box of 100.  :-\  ...Or if you buy 10 at this place they are .88 each.

http://www.nutty.com/716-BRASS-Flat-Washer_p_5991.html

You'd lose a fortune running a load with brass slugs.  Well unless you scavenge around when taking stuff apart.

Sat, 06/07/2014 - 09:22 | 4832242 Pool Shark
Pool Shark's picture

 

 

Or, you could buy $5.00 worth of fake plastic nickels for only $5.23:

http://www.amazon.com/Learning-Resources-LER0096-Nickels-100/dp/B000QDZXI0/ref=pd_sim_t_4?ie=UTF8&refRID=0BK1PHJWFR6QTQ1VTT3W

Even better; buy $1.00 worth of fake plastic pennies for only $5.24:

http://www.amazon.com/Play-Money-Pennies-100-Plastic/dp/B000QDY2A0/ref=pd_sim_t_2?ie=UTF8&refRID=196P3HNRTHPM6B8C1JA1

 Product Description

"Nothing beats our realistic-looking plastic pennies for teaching youngsters about money."

Yep, the kiddies just learned that they got ripped-off paying more for fake plastic pennies than the genuine article...

 

 

Fri, 06/06/2014 - 15:12 | 4830917 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Physical gold prices will fall on this news.  

 

Paper gold, which by definition cannot contain tunston and is backed by the most trustworthy instituions on earth will gain value to reflect the new reality.

 

Remember:  If you hold your gold in your hand, you are at risk.

 

Thats what the teeeveee will say anyway

Fri, 06/06/2014 - 19:06 | 4831503 Spitzer
Spitzer's picture

You can't get these good fakes anymore. The manufacturers can't put the border around them so they don't look good enough

Fri, 06/06/2014 - 15:48 | 4831053 Pumpkin
Pumpkin's picture

I bought a gold coin and the damn thing had chocolate in it.

Sat, 06/07/2014 - 09:30 | 4832251 Pool Shark
Pool Shark's picture

 

 

So,... you CAN eat gold!

 

Sat, 06/07/2014 - 11:37 | 4832386 CheapBastard
CheapBastard's picture

I better check that Gold Toilet Seat I bought for my Dad. I always thought $138.00 was a little cheap for an entire "18k Solid Gold Toilet Seat" with free shipping all the way from Shenzen.

Sat, 06/07/2014 - 13:47 | 4832734 Kirk2NCC1701
Kirk2NCC1701's picture

In your case, you can have your coin and eat it too.

But in my case, I can eat it and still have it.

Fri, 06/06/2014 - 16:15 | 4831150 Itgoestoeleven
Itgoestoeleven's picture

Krug's also!

Fri, 06/06/2014 - 16:43 | 4831221 FarmerBoy
FarmerBoy's picture

Do Chen-

 

Fake Tungsten 1oz Gold Eagles have arrived!

Be safe!

http://www.goldcoinbalance.com/http:/www.goldcoinbalance.com/fake-tungst...

Fri, 06/06/2014 - 21:47 | 4831767 DoChenRollingBearing
DoChenRollingBearing's picture

Thanks! I`ll be watching...

Fri, 06/06/2014 - 16:50 | 4831255 SilverRhino
SilverRhino's picture

And that's one other reason I'm in silver and other PG metals we've talked about.    Osmium bitchez!!  :) 

 

Fri, 06/06/2014 - 21:50 | 4831771 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

My major concerns re longer-term values of Os and Ir are:

1)  wide buy - sell spreads

2)  valuation...  they are very scarce metals with little application

But, as you get more info, email it to me and/or let`s do a joint article!

Fri, 06/06/2014 - 17:11 | 4831318 Mugatu
Mugatu's picture

Shouldn't you expect that you are getting fake gold bars when you are buying them from Africa?

I guess this same guy is awaiting a $10 million cash transfer because he got an email from a Ghananian minister.

Fri, 06/06/2014 - 18:20 | 4831438 mc225
mc225's picture

yeah, i don't think the 'swapped out real for fake' part ever happened. those gold bars were fake from the get-go. ...and not because it was in africa, but just because.

Fri, 06/06/2014 - 20:10 | 4831626 Rubbish
Rubbish's picture

Do your normal size, weight measurements than the tip of the finger balancing act, ping test with a pencil. Not going to fake that, for now anyway.

Sat, 06/07/2014 - 04:46 | 4832110 bentaxle
bentaxle's picture

 

.Dup

Sun, 06/08/2014 - 02:10 | 4833818 Rusty Loads
Rusty Loads's picture

"Someone please advise our Zero Hedge community immediately if/when they ever find 1 oz fake Gold Eagles..."

http://www.alibaba.com/product-detail/1oz-33-93g-Eagle-tungsten-gold_1313285652.html

https://www.youtube.com/watch?v=2P1h6uXDACY

Fri, 06/06/2014 - 15:55 | 4831062 Translational Lift
Translational Lift's picture

Who the fuck would buy anything from Ghana????????  Much less "Swiss" gold bars..........

Fri, 06/06/2014 - 16:59 | 4831285 Rusty Shorts
Rusty Shorts's picture

Use the proper channels. http://pmmcghana.com/foreignbuyers

Fri, 06/06/2014 - 19:43 | 4831579 acrabbe
acrabbe's picture

Cmon Rusty. You know enough about Ghana to know that if this guy bought THAT much gold he bought it direct from a miner. It was a hatchet job pulled off by some clandestine thieves. We can all guess who, but there are only a few players in GHANA witht he intel to pull a switch like this so seamlessly. Getting rusty Rusty?  ; )

Fri, 06/06/2014 - 19:59 | 4831593 Rusty Shorts
Rusty Shorts's picture

Haha, right, the switch happens at the airport..

 

..edit - you're right, Swiss Gold in Ghana - LMAO

Fri, 06/06/2014 - 21:28 | 4831740 palmereldritch
palmereldritch's picture

Somewhere in Ghana, Clapton is playing...

https://www.youtube.com/watch?v=BbwFXngs9Lw

Sat, 06/07/2014 - 16:19 | 4833013 Socratic Dog
Socratic Dog's picture

I guess Germany will be getting another 998kg of its gold back in short order.

Fri, 06/06/2014 - 16:22 | 4831166 Anusocracy
Anusocracy's picture

CIA accidentally found it in the unclaimed baggage area.

Mossad accidentally found it in the unclaimed baggage area.

Fri, 06/06/2014 - 17:43 | 4831382 Herd Redirectio...
Herd Redirection Committee's picture

Yep, large gold shipments are subject to seizure.

Just what you would expect from a gov't that doesn't have the gold it says it does, and claims gold's fair market price is roughly $1300 USD...

Fri, 06/06/2014 - 16:42 | 4831226 putaipan
putaipan's picture

for those of you who are curious what 14 quadrillion dollars in fake gold looks like-

http://2.bp.blogspot.com/-Zd2uA6VPYx0/U4yhCCRG8DI/AAAAAAAADIw/l2Goasy6ve...

Fri, 06/06/2014 - 17:37 | 4831368 Cacete de Ouro
Cacete de Ouro's picture

Putaipan, how do you know this document is fake?

It's signed by Sultan Muhammad Esmail E. Kiram, who was the reigning Sultan of Sulu in 1954, and signed by Pope Pius XII, the resigning pope at the time.

Interesting the deposit is dated 10 March 1954, which was 12 days before the London Gold Market reopened on 22nd March 1954.

The "quattordici mila tonnellate (fourteen thousand tonnes) is staggering nonetheless.

Fri, 06/06/2014 - 17:47 | 4831387 Herd Redirectio...
Herd Redirection Committee's picture

"You say you deposited 14,000 tonnes of gold, we say you deposited 14,000 tonnes of gold, and everyone's happy."

Fri, 06/06/2014 - 20:15 | 4831634 putaipan
putaipan's picture

if i said it was real it woulda been "off topic"......

Fri, 06/06/2014 - 17:09 | 4831312 midtowng
midtowng's picture

they look like gold-foiled chocolate bars

Fri, 06/06/2014 - 17:43 | 4831381 Dugald
Dugald's picture

Chinese business gentleman gets shafted, hard to belive or poetic justice, OR who got the squeeze?

Were it not for my inate good breeding I would have lost my cornflakes all over the keyboard!!!

My sincere thanks to both parties for starting my weekend with a good laugh!!

 

Fri, 06/06/2014 - 22:18 | 4831822 JJdog
JJdog's picture

Must be the Fed's idea! Go ask Yellen, she knows how to create fake crap!

Sat, 06/07/2014 - 20:37 | 4833422 papaclop
papaclop's picture

Don't buy gold in Harlem or Nigeria.

Fri, 06/06/2014 - 14:59 | 4830869 SafelyGraze
SafelyGraze's picture

"Zhao Jingjun .. discovered the gold had been switched for worthless metal"

guess what Zhao?

gold itself is a worthless metal!

duh!

some shiny rock you dig up out of the freekin ground. with no intrinsic use. somehow, it just happened to become a fashionable item to wear and hoard.

hugs,
evelyn and friends

do yourself a favor and take out a loan.

Fri, 06/06/2014 - 15:12 | 4830919 Pladizow
Pladizow's picture

Ba a a aa a a a a a - you forgot SARC/

Fri, 06/06/2014 - 15:18 | 4830946 napper
napper's picture

Or signed ... US Govt / Federal Reserve

Fri, 06/06/2014 - 15:29 | 4830987 SafelyGraze
Fri, 06/06/2014 - 15:44 | 4831029 hobopants
hobopants's picture

The double edged sword of internet sarcasm. Wear the red arrows like a badge of honor, it happens to all of us who forget you can't roll your eyes in a comment. 

Fri, 06/06/2014 - 15:59 | 4831087 jbvtme
jbvtme's picture

gold is what they came here for. monatomic gold likely levitated the stones of the megaliths.

Fri, 06/06/2014 - 16:24 | 4831174 Save_America1st
Save_America1st's picture
via SilverDoctors.com:  Jim Willie Bombshell: China & Russia Have Accumulated Over 40,000 Tons of Gold Reserves for USD Replacement!

http://www.silverdoctors.com/jim-willie-bombshell-china-russia-have-accumulated-over-40000-tons-of-gold-reserves-for-usd-replacement/

MP3 Audio Interview w/ Jim Willie:

http://media.blubrry.com/silverdoctors/p/content.blubrry.com/silverdoctors/Jim_Willie_Bombshell_China_Russia.mp3

Fri, 06/06/2014 - 16:08 | 4831128 SafelyGraze
SafelyGraze's picture

"Wear the red arrows..."

it's almost as if one needs some sort of Red Shields or something to protect oneself from all that arrowness

Fri, 06/06/2014 - 16:26 | 4831182 prymythirdeye
prymythirdeye's picture

Ba dum dumph...Love your comments sg!

Fri, 06/06/2014 - 16:52 | 4831261 COSMOS
COSMOS's picture

Didn't give any protection from the headhunters in Papua New Guinea

Hide that gold from the goldhunters, and they will check all pond and lake bottoms...

Fri, 06/06/2014 - 17:02 | 4831292 shovelhead
shovelhead's picture

I like the ones that stick to your underwear.

Red Shields...Don't leave home without 'em.

Of course, I wear them backwards to prevent unsightly skids.

Fri, 06/06/2014 - 16:47 | 4831243 GoinFawr
GoinFawr's picture

<rolls eyes> @ hobopants

Fri, 06/06/2014 - 21:16 | 4831724 putaipan
putaipan's picture

shit. i can't even get more than three 'reds' to look a 15 quadrilion gold bearer bond ... in two days!

Sat, 06/07/2014 - 19:08 | 4833297 DoChenRollingBearing
DoChenRollingBearing's picture

Green for that!

Tue, 06/17/2014 - 03:32 | 4864182 napper
napper's picture

Why?

Fri, 06/06/2014 - 15:19 | 4830947 napper
napper's picture

Or signed ... US Govt / Federal Reserve

Fri, 06/06/2014 - 15:12 | 4830922 semperfi
semperfi's picture

and yours was a worthless comment

Sat, 06/07/2014 - 03:27 | 4832086 Tall Tom
Tall Tom's picture

When a comment is signed, "hugs", it is the same as tagging it /sarcasm.

 

Lighten up. SG is on our side of the fence. He is a Gold Warrior.

Fri, 06/06/2014 - 15:21 | 4830952 semperfi
semperfi's picture

here's a good experiment you can do to prove your theory:

get 5 $100 Federal Reserve Notes (dollar bills)

find someone with a worthless American Gold Eagle coin

offer them a trade - your 5 $100 FRNs for his worthless gold eagle

repeat this a 1000 times on a different person each time

I will bet you $500 that at the end of this experiment you are still holding your 5 $100 FRNs

Fri, 06/06/2014 - 15:22 | 4830962 linniepar
linniepar's picture

But but but Mark Dice couldn't buy a taco with a gold eagle! Barbarous I tell you!

Fri, 06/06/2014 - 16:52 | 4831264 RafterManFMJ
RafterManFMJ's picture

I ever run into Mr. Dice I'll bankrupt that fucker. Offer me gold for 50 bucks an oz? I might have a stroke!

In other news the Elite Fascists continue to hold a clearance sale on gold and silver; EVERYTHING MUST GO!..

Sat, 06/07/2014 - 07:47 | 4832182 GetZeeGold
GetZeeGold's picture

 

 

Word up there dawg.....send Dice over here!

Sun, 06/08/2014 - 16:55 | 4834876 cooky puss
cooky puss's picture

Keep 'em coins coming!

Fri, 06/06/2014 - 16:32 | 4831198 silverserfer
silverserfer's picture

ill take that bet as you diddnt specify if fractional eagle. ill sell 1/4 oz all day long for $500 semp.

Locked in bet Ill take my $500 now THX.

-Da Serf

Fri, 06/06/2014 - 16:39 | 4831222 Matt
Matt's picture

How about a fake eagle? So, since checking for fake gold is so easy and affordable, why didn't each person along the chain just check the gold to prove it was real before accepting it? I'm guessing the buyer is screwed, since he cannot prove who swapped the gold at what point.

Fri, 06/06/2014 - 20:21 | 4830993 oddjob
oddjob's picture

Gold became so fashionable that Evelyn and freinds were lining up to pry it from the mouths of innocent people before they were murdered.

 

 

Fri, 06/06/2014 - 23:59 | 4831948 jeff montanye
jeff montanye's picture

i'm not entirely sure about the before part (or, given ev's age, what historical incident you reference).

 

Sat, 06/07/2014 - 09:29 | 4832250 oddjob
oddjob's picture

A.H. was Ev's family's spawn.

Fri, 06/06/2014 - 16:41 | 4831227 ebear
ebear's picture

People's sense of value is weirdly distorted these days.  For example, I can buy a brand new Lexus or BMW for the same money being asked for a 1970 Pontiac.

http://www.motortopia.com/cars/1970-pontiac-gto-judge-5783

I mean seriously, that car is almost 45 years old.  WTF?

Fri, 06/06/2014 - 16:55 | 4831270 cro_maat
cro_maat's picture

$75k is a bit stiff for a Judge considering you could buy one for $25k in 2009.

However, I would rather trade a stack of FED fiat notes for a 1970 GTO than a new Lexus / BMW. In 10 years which do you think will have held its value better?

Fri, 06/06/2014 - 17:02 | 4831294 quasimodo
quasimodo's picture

Damn straight, and one helluva lot more fun to drive as well. Those cars actually have a personality.

As a bonus, if we ever do get a nasty EMP attack, guess which car will be roaming the streets?

 

Fri, 06/06/2014 - 18:21 | 4831443 ebear
ebear's picture

I guess it's true, you really DO need the sarcasm tags around here.

Fri, 06/06/2014 - 19:30 | 4831554 Citxmech
Citxmech's picture

Way back I had a '69 GTO with a 428, headers, Holly double-pumper, and a 4 speed.  It was my first car.  Bought it for the princely sum of $1,000.00.

That thing was tons of fun (till I blew the timing chain).  Sure wish I still had that car. . . 

Fri, 06/06/2014 - 23:18 | 4831895 Proofreder
Proofreder's picture

Bullshit

All GTO engines were 400 cubes - perhaps someone swapped a big block Ford into your old goat ?

Sat, 06/07/2014 - 00:22 | 4831981 jeff montanye
jeff montanye's picture

ronny and the daytonas beg to differ: three deuces and a fourspeed and a 389, (yiiiyine).  400 wasn't until '67 (which would cover the '69 in question) but i wouldn't want children listening here to get the wrong idea.

http://en.wikipedia.org/wiki/Pontiac_GTO

Mon, 06/09/2014 - 12:47 | 4836122 Citxmech
Citxmech's picture

So are you really going to tell me what engine my car had asshole?  

See http://en.wikipedia.org/wiki/Pontiac_V8_engine

Proofreder - Pontiac indeed made a 428 big block engine.  Some of them were actually swapped by dealers into GTOs.  My guess (prayer really) is that mine was a backyard swap by a previous owner out of a Bonneville or something after they blew-up the original 400.

PS I bought the car in '84.

 

Fri, 06/06/2014 - 15:05 | 4830890 PartysOver
PartysOver's picture

Oh, the friggin irony

Fri, 06/06/2014 - 16:27 | 4831184 holgerdanske
holgerdanske's picture

"after part of the consignment was swapped with metal bars."

 

Wow! gold swapped for metal. Duh!!!

Gold is a metal, in case you didn't know.

Fri, 06/06/2014 - 16:52 | 4831216 Bokkenrijder
Bokkenrijder's picture

Hahaha, the Chinese con artists got conned! Lemme guess, the Chinese 'business man'  got an email that went something like this:

Dear Chinese Friend.

As you read this, I don't want you to feel sorry for me, because, I believe everyone will die someday.

My name is Peter Lawson,a merchant in Accra, in Ghana. I have been diagnosed with Esophageal Cancer which was discovered very late,due to my laxity in carrying for my health. It has defiled all forms of medicine, and right now I have only about a few months to live, according to medical experts.

I have not particularly lived my life so well, as I never really cared for anyone not even myself but my business. Though I am very rich, I was never generous, I was always hostile to people and only focus on my business as that was the only thing I cared for. But now I regret all this as I now know that there is more to life than just wanting to have or make all the money in the world. I believe when God gives me a second chance to come to this world I would live my life a different way from how I have lived it.

Now that God ! has called me, I have willed and given most of my properties and assets to my immediate and extended family members and as well as a few close friends. I want God to be merciful to me and accept my soul and so, I have decided to give arms to charity organizations and give succour and confort to the less priviledged in our societies, as I want this to be one of the last good deeds I do on earth.

So far, I have distributed money to some charity organizations in the U.A.E, Algeria and Malaysia. Now that my health has deteriorated so badly, I cannot do this my self anymore. I once asked members of my family to close one of my accounts and distribute the money which I have there to charity organization and to the less priviledged in Bulgaria and Pakistan, they refused and kept the money to themselves. Hence, I do not trust them anymore, as they seem not to be contended with what I have left for them.

The last of my money which no one knows of is 998 tons of GOLD that I have with a Security Company in Ghana for safe keeping. I will want you to help me collect this deposit and disburse it to some charity organizations and to the less priviledged.

Please send me a mail to indicate if you will assist me in this disbursement.

I have set aside 10% for you for your time and patience.

You can e-mail me at:...

While I await to hear from you, may God be with you and your entire family.

Remain blessed.

///

Fri, 06/06/2014 - 16:53 | 4831266 COSMOS
COSMOS's picture

And its Goooooone.....Those good deals go so FAST LOL

Fri, 06/06/2014 - 17:32 | 4831360 macholatte
macholatte's picture

 

the Chinese 'business man'  got an email that went something like this:

 

+10

LOL

Sun, 06/08/2014 - 17:00 | 4834887 cooky puss
cooky puss's picture

Seems legit :)

Fri, 06/06/2014 - 21:04 | 4831704 Buck Johnson
Buck Johnson's picture

It's going going gone.  We are seeing the slow buildup of gold being fake and the real stuff GONE. 

Fri, 06/06/2014 - 22:25 | 4831830 Freddie
Freddie's picture

The Chinese buyer's real name is Big Dum Fuk.

Sat, 06/07/2014 - 10:00 | 4832268 doctor10
doctor10's picture

Looks like somebody simply intends to defraud anybody daring to take delivery

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