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$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 139 days ago by mmtwo 139 days ago by mmtwo +114 / -0

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– AmateurExpert 4 points 139 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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