Commodities & Energy

Reuters reveals how fake-branded bars slip dirty gold into world markets

Reuters reveals how fake-branded bars slip dirty gold into world markets

Reuters exclusively reported how a forgery crisis is quietly roiling the world’s gold industry. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.