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Is it illegal under Chinese law to manufacture PCGS slabs in China?
coirn
Posts: 500
I know bogus pcgs slabs are probably illegal to import into the States (or, is that even wrong?) but is it illegal under Chinese law to counterfeit them?
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Practice makes perfect & nobody is perfect. So, practice being nobody.
and art. Why, because it puts people to work. Of course, it's against Chinese Law to counterfeit Chinese
coins but that's it. No ramifications, unless there is problem with some government (USA) that complains.
Yes, they do shut shops down at the insistence of foreign governments but the pressure has to be big
time. Canada just did it the simpler way: shut down coin sales from China on Ebay. NOT ALLOWED!
bob
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
<< <i>No not illegal in China. Wouldn't surprise me to find out the counterfeiter are encourage or even subsidized by the "Party" since they are known to make attempts to upset the American economy. >>
Purchasing 1 trillion dollars of treasury notes speed up that process (?)
rainbowroosie April 1, 2003
<< <i>
<< <i>No not illegal in China. Wouldn't surprise me to find out the counterfeiter are encourage or even subsidized by the "Party" since they are known to make attempts to upset the American economy. >>
Purchasing 1 trillion dollars of treasury notes speed up that process (?) >>
Dumping them back into the market will.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
<< <i>China has anti-piracy and anti-counterfeiting laws and regulations but enforcement is weak. >>
It also mentions the following example of a similar country:
<< <i>The Japanese went through a similar stage in their development—copying many American and European products. Japanese companies and the government cracked down on the practice when Japanese companies needed laws to protect their intellectual property rights. It is assumed that the same will happen in China as the country becomes more developed and its companies and business practices more mature. >>
<< <i>There are criminals in every country...including this one. >>
True but some countries at least try to put their criminals in prison while other countries make little or no effort to enforce their anti-counterfeiting laws.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
China has laws?
<< <i>I thought that is where the real ones are made? >>
before the product was for sale in the US, there were counterfeits avail in malaysia, with his casting marks still on them.
there wasnt much he could do or was done to stop it.
<< <i>I thought that is where the real ones are made? >>
they are likely produced in the same factory.
Counterfeit goods represent approx. 8% of their economy which is their current growth rate.
To look at it another way...the profits from Chinese counterfeit goods continue to buy our T-bills and help fund our national debt.
I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood
perhaps it just takes making the right kind of noise.