The banks and gold stores have been selling counterfeit gold bars and refuse to return the customer's money when they find out it's fake.

@MK_ULTRA420

7 күн бұрын

In America, if that happened to customers I'm pretty sure they'd just rob the store themselves.

@halo129830

6 күн бұрын

If that happened in america the secret service would get involved don’t mess with money those guys are no joke

@kuebby

6 күн бұрын

@@halo129830 The Secret Service doesn't deal with gold sales. You do have to be careful buying physical gold, but established stores are generally trustworthy and stand behind their products.

@michaelotoole1807

6 күн бұрын

@@halo129830 secret service deal with counterfeit currency not gold.

@rickstalentedtongue910

5 күн бұрын

@@halo129830 What are you blathering about? America is corrupt as hell and the government steals from the people and poisons them. Wake up already.

in China there is a saying which goes; 能骗就骗! /SCAM WHENEVER YOU CAN. it is essentially a Chinese rule of thumb in business and life.

@davidp.4727

7 күн бұрын

You can’t trust these people

@DrTubeman

6 күн бұрын

Néng piàn jiù piàn! Cheat If You Can ....

@natas3301

6 күн бұрын

Fake gold good idea

@koanstarr9393

6 күн бұрын

Yeah F China

@sleepinglaffey3886

6 күн бұрын

YOU GOTTA UNDERSTAND CHYNA!

They most likely didn't go bankrupt they probably ran off after scamming!!

@Wabu1

7 күн бұрын

life hack right there

@sleepinglaffey3886

6 күн бұрын

Patriotism of Winnie PorkPooh - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters. -Chinese 🇨🇳 property Ponzi sector, which accounts for 30% of GDP, is crashing -Exports and imports, accounting for 37% GDP, are down. -Foreign investment is falling over 90% compared to it's peak in 2018. -Foreign visitors are down 96% compared to the pre-pandemic level in 2019. -Consumer prices are experiencing hyperstagdeflation. -Youth unemployment hits over 21% (in reality 50%+ after eliminating faked numbers), a record. -It's fast shrinking workforce is 10 years old than neighboring countries. - During the years 1990-2021, the US printed 6.5 time more money while China printed 147 times. - It has printed more money than the US and Japan combined, while it's economy is only half of them. - Current Chinese debt-to-gdp is already highest in the world, at 300%, according to Bloomberg. daughter: lives in US brother: australian green card daughter in law: british green card sister: canadian citizen brother in law: canadian citizen second sister: australian green card second brother in law: australian green card WOW SO GOOD Organ Leeks #sloprosperity #theskydontlie

@jojox5136

6 күн бұрын

​@@sleepinglaffey3886I hope your family remembers how kind these countries are for taking your family in a lot of immigrants seem to forget this once their feet under the table

@rickstalentedtongue910

5 күн бұрын

Not most likely, that is exactly what they do.

Those people who counted on gold stores, to keep their gold safe for them, paid for a very expensive lesson!

@BLACKAAROW

6 күн бұрын

Exactly, storing gold at home is perfectly safe. Just buy a decent quality safe and hide in your closet or something. I don’t really wanna have someone else store my gold for me, if you can’t hold it in your hand then you don’t own it!

@vilena5308

6 күн бұрын

Yeah, that one caught my attention. What a weird and unwise thing to do.

@rickstalentedtongue910

5 күн бұрын

@@BLACKAAROW Buy a fire arm and hide your metals. Never let another hold your assets, defeats the purpose. Only an idiot does no know this.

When people bring their gold in, and find out that it is fake.... they get mad.

@thegermanfool8953

7 күн бұрын

Some even get extremely violent. And we know how violent people get when they are cheated.

@vthomas2313

6 күн бұрын

😂😂😂😂

@vampritt

6 күн бұрын

same case with indonesia ANTAM government owned. they put fake gold in the market and legalised it for years. just recently got caught faking lots of tons of gold. I guess Indonesia is as corrupt as china.

@RT-qd8yl

6 күн бұрын

@@thegermanfool8953 Justifiably so

@rickstalentedtongue910

5 күн бұрын

And the CCP laughs and says, so?

The owner of Chow Tai Fook was my Landlord in Shenzhen. Surreal experience meeting her.

China gets the words, gold and lead mixed up

If you don't hold it you don't own it

@IOverlord

6 күн бұрын

Even if you own it, it's counterfeit anyways since it's from Chynaaa

Good. Let's all help the Chinese out by reducing any Made-in-China purchases whenever humanely possible.

@julescote1439

6 күн бұрын

Chinese goods have been creating a 'glut' in both the U.S. and EU, putting our factories / manufacturing out of business. Also most things including things made for babies, cosmetics, are sourced with highly carcinogenic ingredients. I used to feel the way your comment reads, until I've learned all that I know today. There is NOTHING good, or safe coming from China period.

very convenience ... going bankrupt after scamming a lot of people to "deposit" their gold to said store for whatever reason

"China doesn't currently have an inflation problem" Holding any currency is like being on a sinking ship we're sinking but some countries faster than others.

@russelbrown6275

7 күн бұрын

What people fail to realize with a reserve currency is propped up by all of the other currencies and if the world reserve currency crashes, it will only be after all other currencies have collapsed. So the US currency is sinking but it’ll be the last one floating.

@saltymemesmith

7 күн бұрын

@@russelbrown6275 Yes, I believe all bank notes should have in big letters front and back: 'Caution this is a high risk asset, only invest if you understand the risk'

@RT-qd8yl

6 күн бұрын

Never trust fiat currency. Fun fact: a single round of 7.62x39mm rifle ammunition purchased in 2016 for $0.15 is worth nearly $1 today 😯

@vueport99

6 күн бұрын

​@@russelbrown6275and nobody knows this fact more than China. That's why despite all the daily bad mouthing, China's ruling class is the largest holders of USD in the world

@RedRomanov

2 күн бұрын

@@vueport99 797 billion in US securities are held by China. They can sell at any time but they won't

Shuttered factories and workers either laid off or furloughed is a rife and grim scenario across China. At the end of the day, everything boils down to optimizing operation and maximizing profit margins.

@vueport99

6 күн бұрын

What else is new when 15 million graduates can't find jobs?

"The gold purity is the same" He needs to watch some non-CCP content about the denatured/contaminaed metal market in China

@CausticPyro

6 күн бұрын

If he's saying that, they're the type to Only believe(or cope n' hope) in the CCP news.

The first guy perfectly illustrates how Chinese consumers drive their retail "race to the bottom". As well as why so mant get robbed: don't support quality and brands, just go where its cheapest. They deserve their tungsten-filled "göld".

@acacacacacacaccaca7666

7 күн бұрын

I dobut better brands have better standards there Hell it's the same in the west, I stopped caring about brands in most cases because the quality is the same

@MK_ULTRA420

7 күн бұрын

@@acacacacacacaccaca7666 Sure dude, if you say so.

@ducknorris233

6 күн бұрын

Is that a Chinese thing or prevalent in all ofAsian?

@josiechaney9010

6 күн бұрын

🎯💯EXACTLY.

@patrickt49

3 күн бұрын

That's how their society works. Lie, cheat, steal. Produce low quality items. If you can make it a knock off even better. It's a never ending downward spiral.

This amount of theft would make Star Trek's 'Ferengi' jealous!

@UlshaRS

7 күн бұрын

The lobes on that guy!

Xi Jinping got all the golds😂😂😂😂

@mah7961

7 күн бұрын

He traded it for honey.

@Michael9-23-15

7 күн бұрын

​@@mah7961Honey is liquid Gold

The guy who recommended buying the lowest price gold because they were all the same quality… as in FAKE.

Never let anyone manage your money/gold….

I never purchased any jewelry for my self, I don't care for it.

@RT-qd8yl

6 күн бұрын

I never understood the point of wearing jewelry. It's not especially comfortable, it doesn't do anything functional, and I'm really not interested in flaunting any sort of status or bringing attention to myself in public. If anything, wearing jewelry can make someone more of a target for muggings or general harassment.

@rickstalentedtongue910

5 күн бұрын

Jewelry? The topic is gold, not jewelry. Bars baby, bars.

@RT-qd8yl

5 күн бұрын

@@rickstalentedtongue910 Bars means xanax.

Do more Chinese gold videos

@shadowmod3

7 күн бұрын

copper or brass insides. 能骗就骗!!

@RT-qd8yl

6 күн бұрын

@@shadowmod3 I've heard they're using tungsten on the inside now to more closely match the density of gold, then plating it with a really really low gold content alloy.

Of course it is to be expected when people are hesitant to spend.

@lostlogic6911

7 күн бұрын

My analysis is the Chinese Governmenr shut down the gold factory because they can't control gold because it's not digital and can't be tracked.

Scammers are going to scam

It's surprising that China has legit gold

@IOverlord

6 күн бұрын

Even that is propaganda with all the counterfeits lmao

@kuebby

6 күн бұрын

Buying gold has traditionally been a very popular way to hold wealth in Asia (and often one of the only safe ways, or rather, safer). Giving gold for Lunar New Year, weddings, etc.

WHY are we getting such contradictory information? It was only days ago it was being reported that the price of gold was dropping, causing a scare. It was only weeks ago deflation was being reported, yet today price increases are being reported as a problem? I haven't heard 'inflation'...yet. If price of gold were going down as reported, it would make the most sense for the largest gold manufacturer to suddenly lay off and close. WHY would the largest gold carrier lay off and shutterd the doors if prices were going up??🤔

@PhilmiiNutsakz

6 күн бұрын

Becoz they wore selling fake gold n had to leave asap. Lol.

@geomacaulay

6 күн бұрын

Agreed many of the "reasons" for closing dont make sense. Certainly not price fluctuations. Some of these shops were acting as safe storage banks but customers were unable to get deposits back -govt stepped in to shut others down. Govt may also want to limit demand so they can help central banks stockpile - theyve been buying for years.

This reminds me of the Tulip Mania fiasco in the 1630s

@entendreentendre3734

6 күн бұрын

The Tulip mania was a parody story written by an English merchant visiting the Netherlands. The Netherlands was the center of commerce at that time, and the author wrote in criticism of what he saw. Unfortunately, it was written and published in England where it was not read critically. Now it is a common belief.

Your Central Bank was buying it. Now inexplicitly they have stopped.

@rickstalentedtongue910

5 күн бұрын

The bankers ordered them to stop, it was driving the price up, and the bankers agenda is to suppress metals price. All so called nations are servants of the banks.

0:35 - Eexcept when it's China gold. 🤣🤣🤣

Everybody is scamming and ripping off each other and the owners of the bank, real estate, etc abscond with the money but you never hear of them getting caught and punished. Poor regular citizens get the shaft. I feel sorry for them and in the future, commerce will halt because no one trusts anything or anybody.

@rickstalentedtongue910

5 күн бұрын

The banks own the world and the judicial systems, they don't arrest themselves, ever.

Gold jewelry industry in China is producing nice jewelries, not comparable to European or american factory standard stuff. First of all, the gold is 999 purity and not mixed like in Europe. second the diversity of forms and shapes are amazing. Only problem is that with actual high price the people are not willing buying it like before. And also the high numbers of stores, often 4-5 stores on Same street, competition each other is hard. Price of gold should go down a little then it will be fine.

@mickryan2450

2 күн бұрын

Bullshit

Maybe there not buying gold because they know it's fake

@jimgoodreau1245

6 күн бұрын

Gold is very easy to verified! Only the uneducated get fooled!

China will no longer let people own gold any more.

@natas3301

6 күн бұрын

G0ld

@RT-qd8yl

6 күн бұрын

They'll probably seize it from citizens like we did in the 30s

Can't buy gold in the Second Great Depression.

I've played with gold, platinum and palladium for years.I've bought and sold these metals, mostly gold at $259/oz, $359/oz, $800oz and my last purchases was 2017 and 2018 about $1200/oz. Just sold the last gold at $2307/oz. US, Canadian and Mexican 50 pesos. Great retirement account!

All the gold is fake anyway.

@jimgoodreau1245

6 күн бұрын

Silly statement!

@TheSolidSnakeOil

6 күн бұрын

@@jimgoodreau1245 Yet accurate.

15:10 was the costumers gold not insured by anyone or anything?

It’s easy to buy gold. It’s hard to sell gold.

@jimgoodreau1245

6 күн бұрын

No it's easier to sell gold than anything else! Try selling furniture, or cars!

@kuebby

6 күн бұрын

That's not true. Selling gold is easier than selling any other item--and I've sold electronics, cars, clothes, collectibles, etc. for over 20 years. Gold is the closest thing to currency, up there with stocks in terms of ease of selling. I could take a piece of gold and have cash within an hour for over 90% of spot. I could get 99-110% if I'm willing to wait a couple days. But sure, you won't get a 20% premium on spot if you bring it to a pawn shop.

@jadyynstarlight9851

Күн бұрын

Great! Tell everyone where they can get 90%+ spot for their gold. Please be specific.

@jadyynstarlight9851

Күн бұрын

The other thing people don’t realize is people are holding on to gold as a hedge against bad times. The problem is that when the times are that bad, EVERYONE will be selling their gold and the price will drop dramatically. You aren’t going to your supermarket with an ounce of gold and buy groceries. I am also confused why all these companies on TV are saying gold may go UP in price so they are SELLING their stash???

I've bought several gold bars from them and the gold is real. Just make sure you get it, in hand, keep it and never store it in other places.

Some Leprechaun is watching this enviously.

@rionthemagnificent2971

6 күн бұрын

"I WANT ME GOLD." - (said like warwick Davis in "Leprechaun")

@Krose333

5 күн бұрын

@@rionthemagnificent2971 😆😅

3:46 There is zero chance that light little bag is holding 500 grams of gold...

Annunaki incoming

@UlshaRS

7 күн бұрын

🎶Chariots of Gods🎶

@RT-qd8yl

6 күн бұрын

This comment section never disappoints

They expect the price to drop.

and what do you do with gold?

@The_Ballo

6 күн бұрын

Save it until you need to spend it

What a mess!

How the fuck do you know?? Did American agents tell you??

Why didn't the gold owners bury their gold in the backyard. It is safer than depositing them in the bank or gold store.

What happened to the Chinese gold hoarding frenzy? Did the CCP stop buying up gold? Abandoning their war time preparedness measures?

"AU" let's go 👍

Please direct all complaints to The Great Hall of the People

Petty brilliant to print yuan and trade it for gold

Why people buy ahen the price already risen? Shouldn't you buy at the dip and sell at the top?

Tama LNG

Buy high sell low 😂

Bring here in the Philippines 60.00US$ 5grams 24carats gold in demand of gold here right?!

@zack256300

5 күн бұрын

How much is 1 gram of Gold in Philippines..?

@zack256300

5 күн бұрын

USD

My that’s one big storage unit

how do you say in Mandarin..if you don't hold it you don't own it!!!!! basics folks😊

Oh chyna

All these thanks to USA fractional reserve banking

Massive L to China economy

In a recession there is no better job to run to. Now the company will expect a worker to take the place of 5. Most will do it for the same pay. Slave work

AGAIN+AGAIN= NOW CURRENCY VALUES ARE COLLAPSING NOW AND US$'S VALUE IS ALSO GETTING DOWN AND DOWN AND DOWN!!!!!!!!!:) ONLY SAFE HAVEN ASSETS ARE PHYSICAL GOLD + ENERGY (OIL GAS) AGAINST STOCKS BONDS BITCOIN REAL ESTATE DERIVATIVES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

Buy more gold?!

today chinese goes crazy buying buying gold, gold price decent on demand, now denand is high so gold price shoots up significantly. when demand is low, price will goes down. next year many chinese wil go nuts,goldprice will drop sky down.😅😅😅😅😅😅. great chinese slipping sjit on their own face

I USED TO WATCH THOSE VIDEOS. But this is the last time. I don't somehow feel sorry for them and i simply no longer care about China or Chinese. Let CCP take care of the problem or go people on the street and fight for your freedom but I find those videos silly and not doing any good to anyone. I am from Poland and we Poles had to fight for our freedom. Go and fight for your freedom and stop this crying nonsense on youiube.

Yes, keep your gold at home, build it into a wall after making like 9 holes out of reach for 99% of humans. No safes, and keep the box drilled into a stud deep enough so it's not easily detected. It makes since to add catches of iron and aluminum of similar weights to complicate any unauthorized searchs. Alternatively, you could dig a 5ft deep hole to store a time capsule containing gold somewhere in the yard that's discreet. You could encapsulate the time capsule in a cubic meter block of concrete prior to burning, then build a guest house over the position and have it's basement foundation edge in circle or border the the treasure block for easier excavation.

@kayllenstarships9009

6 күн бұрын

I agree with you but if hyperinfaltion happens alongside God forbid war the gold would be discovered if the houses end up destroyed.

Thug world.

Chew Thai Food

*Rule 1* : Scam every possible way towards profits *Rule 2* : use false information, decoy and misleading advertisement for rule no 1 *Rule 3* : Bribe CCP officials and run away 🏃‍♂️ - CCP business handbook 1980

☹☹☹☹☹☹☹☹☹☹☹☹☹☹☹☹

This entire video ignores the elephant in the room: Chinese citizens aren’t allowed to own plain old bullion (coins and bars) in significant quantities. It’s not that the price of gold has risen too high and sapped demand, it’s that on a per gram basis, jewelry will always be much more expensive. The CCP wants people to buy gold. That’s why the PBOC abruptly stopped buying gold in May (after buying for 18 months straight). It just doesn’t want people buying bullion. But why that is is another story for another day.

@cristiabc1310

6 күн бұрын

You can buy small coins/bars as long you want pay and your pocket allow. Nobody stops you. Indeed on marriage womens get gold as gift for bad days..

@GrantDWilliams82

6 күн бұрын

@@cristiabc1310 I said that you can’t buy coins and bars IN SIGNIFICANT QUANTITIES. Americans can buy 100 kilos if we want to.

Tofu-Dreg gold

😂😂😂

And you are very idio7 where you trust third party to keep your gold, if its closed where you stored your gold in third party you dont own nothing.. The best place is you own it with your confidental stored in your house

Gold is always going to be valueless, only food shelter and water is valuable

@nedelwre

6 күн бұрын

gold always has some value. but how do you use is what count. gold is usable as bribe. barter with something important/ big. also you can always use gold to buy some mercenary service. if you are strong enough they cant just take your gold.

I would not buy any jew ellery. Invest in survival food, energy and shelter. Be debt free!

@CajunPride777

7 күн бұрын

Its not about buying jewelry, its about buying gold. With the economy the way it is its smart to buy gold

@CajunPride777

7 күн бұрын

Gold can serve as a hedge against inflation and is considered an alternative asset, other than cash, stocks or bonds, and often retains its value during times of political and economic uncertainty

@russelbrown6275

7 күн бұрын

You need gold as much as the other supplies in fact it has medicinal value also

@YourHineyness

6 күн бұрын

It's not called jew-elry for nothing.

Daily self fantasy day dreaming ownself said ownself happy propaganda comedy channel.

Fake gold that’s China 🇨🇳

bitcoin solves this

@UlshaRS

7 күн бұрын

By what? Turning fungible assets that can be immediately liquidated and have independent value into a digital ledger that can be stolen or permanently locked? Keep hodling 🙄

@russelbrown6275

7 күн бұрын

@@UlshaRSbetter yet try exchanging for gold

@MK_ULTRA420

7 күн бұрын

@@UlshaRS Bitcoin will keep going up in price as long as criminals and political refugees need a place to put their money without getting caught. Gold tends to leave a paper trail.

Its easy to be GLORIOUS LEADER

AGAIN+AGAIN= NOW CURRENCY VALUES ARE COLLAPSING NOW AND US$'S VALUE IS ALSO GETTING DOWN AND DOWN AND DOWN!!!!!!!!!:) ONLY SAFE HAVEN ASSETS ARE PHYSICAL GOLD + ENERGY (OIL GAS) AGAINST STOCKS BONDS BITCOIN REAL ESTATE DERIVATIVES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

AGAIN+AGAIN= NOW CURRENCY VALUES ARE COLLAPSING NOW AND US$'S VALUE IS ALSO GETTING DOWN AND DOWN AND DOWN!!!!!!!!!:) ONLY SAFE HAVEN ASSETS ARE PHYSICAL GOLD + ENERGY (OIL GAS) AGAINST STOCKS BONDS BITCOIN REAL ESTATE DERIVATIVES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

AGAIN+AGAIN= NOW CURRENCY VALUES ARE COLLAPSING NOW AND US$'S VALUE IS ALSO GETTING DOWN AND DOWN AND DOWN!!!!!!!!!:) ONLY SAFE HAVEN ASSETS ARE PHYSICAL GOLD + ENERGY (OIL GAS) AGAINST STOCKS BONDS BITCOIN REAL ESTATE DERIVATIVES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

AGAIN+AGAIN= NOW CURRENCY VALUES ARE COLLAPSING NOW AND US$'S VALUE IS ALSO GETTING DOWN AND DOWN AND DOWN!!!!!!!!!:) ONLY SAFE HAVEN ASSETS ARE PHYSICAL GOLD + ENERGY (OIL GAS) AGAINST STOCKS BONDS BITCOIN REAL ESTATE DERIVATIVES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

AGAIN+AGAIN= NOW CURRENCY VALUES ARE COLLAPSING NOW AND US$'S VALUE IS ALSO GETTING DOWN AND DOWN AND DOWN!!!!!!!!!:) ONLY SAFE HAVEN ASSETS ARE PHYSICAL GOLD + ENERGY (OIL GAS) AGAINST STOCKS BONDS BITCOIN REAL ESTATE DERIVATIVES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)

AGAIN+AGAIN= NOW CURRENCY VALUES ARE COLLAPSING NOW AND US$'S VALUE IS ALSO GETTING DOWN AND DOWN AND DOWN!!!!!!!!!:) ONLY SAFE HAVEN ASSETS ARE PHYSICAL GOLD + ENERGY (OIL GAS) AGAINST STOCKS BONDS BITCOIN REAL ESTATE DERIVATIVES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)