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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

  • czech@lemmy.world
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    2 years ago

    I’m interested in why the bar is so chewed up. Are they handing out fakes as well?

    • killernova@lemm.ee
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      2 years ago

      The cuts are probably to show the insides of the bar so they know it’s solid gold all the way through. Who knows if they’re handing out fakes though, imo it’s very likely.

      • SmokesForBreakfast@lemmy.world
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        2 years ago

        My hash dealers do the same thing. Gotta see all the nuances and check quality through and through.

    • 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.

    • mindbleach@lemmy.world
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      2 years ago

      Possibly demonstrating ductility? Classier than chewing on the damn thing.

    • webghost0101@sopuli.xyz
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      2 years ago

      Uncanny valley of yummy. It looks wrong but also like candy

      • ParsnipWitch@feddit.de
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        2 years ago

        Yes, it looks as if it would have a great chewy consistency when biting into it …

    • reflex@kbin.social
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      2 years ago

      Are they handing out fakes as well?

      The Chinese are very good at this sort of thing.

    • Coreidan@lemmy.world
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      2 years ago

      Are they handing out fakes as well?

      This is china we are talking about. Of course they are.

      • iesou@lemm.ee
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        2 years ago

        You’re telling me you would just accept a damn bar of gold handed to you in a similar situation without verifying somehow it is what the seller says it is?

        • Coreidan@lemmy.world
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          2 years ago

          You mean in 2023? No I assume everyone is ripping me off, including china

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