Singapore on alert for fake gold after scam hits Hong Kong shops

The China Post, 4 Dec 2010Singapore jewelers and pawnshops are on the alert on news that their counterparts in Hong Kong were hammered by a gold scam where they unwittingly bought hundreds of ounces of fake bullion.The scam has been described by the Financial Times (FT) as “one of the most sophisticated scams to hit the Chinese territory's gold market in decades.” Full story