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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)
submitted 1 year ago by throws_lemy@lemmy.nz to c/damnthatsinteresting@lemmy.ml
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Context :

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

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[-] Kerb@discuss.tchncs.de 32 points 1 year 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 12 points 1 year 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 2 points 1 year ago

I see you are prepared for the next Great Crisis.

this post was submitted on 25 Aug 2023
184 points (100.0% liked)

Damn, that's interesting!

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