joe_momma
16th August 2010, 09:42 AM
Umm - caveat emptor?
http://www.zerohedge.com/article/fake-african-gold-turns-out-be-dust-upon-arrival-uae-millions-ethopian-central-bank-bullion-
Article Link
http://www.emirates247.com/markets/gold/tons-of-gold-imports-turn-to-dust-on-arrival-2010-08-15-1.279082
Add this one to the wtf files: a headline in Emirates 24/7 is sufficient to demonstrate what ridiculous proportions goldmania has reached in various parts of the world: "Tons of gold imports turn to dust on arrival. Gold imported into the UAE by traders and investors turned out to be fake on closer inspection." Thank god for "closer inspection." The total impact of such fake gold in the UAE alone: "over $200 million."And the scariest bit: "Recent media reports suggested that several million dollars worth of gold with the Ethiopian Central Bank turned out to be fake. These bars of gold turned out to be gold plated steel bars." In other news, gold everywhere else is safe until proven to be gold-plated tungsten... pending closer inspection
http://www.zerohedge.com/article/fake-african-gold-turns-out-be-dust-upon-arrival-uae-millions-ethopian-central-bank-bullion-
Article Link
http://www.emirates247.com/markets/gold/tons-of-gold-imports-turn-to-dust-on-arrival-2010-08-15-1.279082
Add this one to the wtf files: a headline in Emirates 24/7 is sufficient to demonstrate what ridiculous proportions goldmania has reached in various parts of the world: "Tons of gold imports turn to dust on arrival. Gold imported into the UAE by traders and investors turned out to be fake on closer inspection." Thank god for "closer inspection." The total impact of such fake gold in the UAE alone: "over $200 million."And the scariest bit: "Recent media reports suggested that several million dollars worth of gold with the Ethiopian Central Bank turned out to be fake. These bars of gold turned out to be gold plated steel bars." In other news, gold everywhere else is safe until proven to be gold-plated tungsten... pending closer inspection