To circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.
To circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.
I'm interested in why the bar is so chewed up. Are they handing out fakes as well?
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.
My hash dealers do the same thing. Gotta see all the nuances and check quality through and through.
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
I'd love something like that as a paperweight or door stop. Or to sit next to my trillion dollar coin
Possibly demonstrating ductility? Classier than chewing on the damn thing.
Uncanny valley of yummy. It looks wrong but also like candy
Yes, it looks as if it would have a great chewy consistency when biting into it ....
So now we're at the direct materials trading part of the dynasty.
I’m fucking dumb. What does this mean?
Governments are preventing companies from rapidly dropping house prices. But because they’re not worth what they’re forced to keep charging by the government (government isn’t forcing anyone to buy for example), developers are needing to add extra value to the sale to get buyers, hence the gold bars.
House is worth $300k, but the government is forcing you to list it for $500k, so if I throw in $200k worth of gold bars, the whole sale is worth the price.
Wild. Can’t quite wrap my brain around how fucked this is.
Would anyone know how much is that ingot in the market?
Gold price is like stocks, goues up and down. Check price / kg here https://goldprice.org/
So 1kg is around 61,000 USD at the moment.
