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114
$19B GONE: CHINA’S GOLD TRADING SCHEME BLOWS UP JieWoRui, China’s “trust us with your gold” investment platform, just froze a staggering $19 billion in customer assets, locking users out of both withdrawals and physical delivery. Their solution? A weak offer to pay 20% back, maybe, someday. (twitter.com) 🍿 POPCORN 🍿
posted 137 days ago by mmtwo 137 days ago by mmtwo +114 / -0
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▲ 11 ▼
– photobuf 11 points 136 days ago +11 / -0

Some say the silver and gold market will skyrocket Monday and some say with what is going on in China will cause the bottom to fall out. Either way, Monday will be interesting!

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▲ 5 ▼
– russiah 5 points 136 days ago +5 / -0

That’s tonight basically

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▲ 9 ▼
– SOGWAP 9 points 137 days ago +9 / -0

Chyna is a paper tiger. Everything a lie and fake. Whatever you thinkbyou know about chmyna, forget it. One big blustering kie.

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▲ 7 ▼
– MidnightToker 7 points 137 days ago +7 / -0

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

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▲ 4 ▼
– TaQo 4 points 136 days ago +4 / -0

Don't forget about the whole gold plated tungsten bar phuckery...

BTW - BOTH the chinx AND USA were doing this to each other...AND allegedly some of these fake bars found their way into Ft Knox...but I think that's cock & bull

It's always something with these people...all people are shit, regardless of make/model

Sauce: https://www.youtube.com/watch?v=0sCOSeCO8ek

Video list on left of screen - many are dead vids on YT - some are interesting:

http://www.chinatungsten.com/tungsten-gold/TG-VN-014.html

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▲ 3 ▼
– aslan_is_0n_the_m0ve 3 points 136 days ago +3 / -0

Is it like Ivory Soap it floats. 😂🤣😮😭

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▲ 4 ▼
– AmateurExpert 4 points 136 days ago +4 / -0

Remember, this can be done with American bullion depositories as well.

It’s the nature of the depository. You assert that you trust the people operating a building more than your home environment.

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▲ 4 ▼
– mmtwo [S] 4 points 137 days ago +4 / -0

Groks take---Mario Nawfal's post highlights the collapse of Shenzhen-based JieWoRui gold platform, which froze customer assets amid a redemption rush, though reported losses total $1-2 billion, not $19 billion as stated. Accompanying video captures chaotic protests at JWR outlets, showing crowds clashing with police over halted withdrawals and physical gold deliveries starting January 20, 2026, fueled by surging domestic gold prices exceeding $2,600/oz. The crisis exposes vulnerabilities in leveraged "paper gold" schemes lacking full reserves, affecting 150,000+ retail investors and paralleling warnings on self-custody in volatile markets like crypto.

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▲ 3 ▼
– PopTartGun 3 points 137 days ago +3 / -0
  • Socialism works as intended.
  • Communists sieze and redistribute the people's gold by giving them 20% of value in return.
  • "The goal of socialism is communism" (Vladimir Lenin).
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▲ 3 ▼
– tchouk 3 points 136 days ago +3 / -0

A private dealer blowing up because there's not enough physical isn't about China as such. Only in so far as retail investors are way more active over there.

This only tells us that we're fucked when people stand for delivery, which they are now more likely to do

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▲ 2 ▼
– russiah 2 points 136 days ago +2 / -0

The regime was founded on scams and deception.

Ask Mao.

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▲ 2 ▼
– Godisglory1 2 points 137 days ago +2 / -0

Thanks God I don’t even bother with Chyna, they are Godless.

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▲ 3 ▼
– PhDinNY 3 points 136 days ago +3 / -0

And I pity anyone who buys food that is imported to U.S. from China! LOTS of the stuff sold at Walmart is in that category!

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▲ 1 ▼
– Godisglory1 1 point 136 days ago +1 / -0

Correct, don’t buy there for sure. I will get sick

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