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Lee Duna@lemmy.nz to Damn, that's interesting!@lemmy.mlEnglish · 2 years ago

To circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.

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To circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.

lemmy.nz

Lee Duna@lemmy.nz to Damn, that's interesting!@lemmy.mlEnglish · 2 years ago
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Context :

https://www.theguardian.com/world/2023/jun/12/gold-bars-used-to-lure-chinese-homebuyers-amid-market-slowdown

  • Kerb@discuss.tchncs.de
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    2 years ago

    you can commonly find tungstein cored gold bars at sites like alibaba.com for far cheaper than real ones.

    they are aparently pretty much indistinguishable from real bars without special equipment.

    aparently even some major banks found some in their inventories

    • Raxiel@lemmy.world
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      2 years ago

      I’d love something like that as a paperweight or door stop. Or to sit next to my trillion dollar coin

      • PolandIsAStateOfMind@lemmy.ml
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        2 years ago

        I see you are prepared for the next Great Crisis.

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