83 tons of fake gold bars have been exposed in china. The scam involved insurance companies and banks.
It may not be a big thing, world-wide. On the other hand, it may make investors think twice before buying gold bars for a rainy day.
Some thing has sent gold price up breaking 1800 at one time. {haven't checked price as of this post]
Was the fake gold the news needed to push gold higher??
USD seems to be losing market share
this type of topic has come and gone a few times over the last 20 years. but this does seem to be larger than before.
if you want to buy precious metals, i'd get a rare certified gold coin from a reputable coin shop. the grading services have been diligent in finding frauds when they do grading.
or you can buy gold coins from the u.s. mint. but i have had a couple problems dealing with the mint.