this post was submitted on 25 Aug 2023
180 points (98.4% liked)

Damn, that's interesting!

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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 [email protected] to c/[email protected]
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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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[–] [email protected] 33 points 1 year ago (1 children)

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

[–] [email protected] 12 points 1 year ago (1 children)

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

[–] [email protected] -3 points 1 year ago

I see you are prepared for the next Great Crisis.