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Jun 2, 2023 · Gold investing red flags to know. By Kelly Ernst. Edited By Matt Richardson. June 2, 2023 / 12:41 PM EDT / CBS News. If a gold seller promises returns that sound too good to be true, assume that ...
Apr 10, 2020 · Plenty of risk. But economic crises are not the only factors affecting gold prices. A major gold discovery can depress the price of gold with a flow of new supply; wedding season in India, where gold is a popular wedding gift, can prop it up. And gold, which may rise in value when the economy is sour, can also fall when conditions improve.
Oct 12, 2020 · Published October 12, 2020. Across the U.S., two Los Angeles men allegedly cheated at least 1,600 people — mostly older investors — and raked in more than $185 million by selling them gold and silver at wildly inflated prices, according federal and state regulators. There were victims in all 50 states and most often, they bought bullion ...
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Mar 6, 2024 · List of Notable Gold Scam Cases. Several high-profile gold scams have surfaced over the years, highlighting the need for investor caution. Notable examples include: PIM Gold (Germany): In 2019, the gold dealer filed for insolvency, affecting thousands of investors. With promises of bonuses and guaranteed returns, PIM Gold amassed claims of ...
Mar 22, 2023 · The scam was pretty much exactly as stated above, entice with small talk, pics etcetera, then download an app FX6 from apple and then she will teach me how to buy and sell gold. She was supposedly learning from her Aunt who was also previously employed by Goldman Sachs, and had left and was running her own research and investment company.
Before you take the plunge, beware of potential scams targeting uninformed investors. With the current economic uncertainty, many people are turning to gold as a safe haven investment. However, scammers are taking advantage of this trend. Protect yourself by learning about common gold investment scams and how to avoid falling victim.
Jul 7, 2022 · Common Gold Scams and How to Avoid Them. By Scottsdale Mint Staff. on July 7, 2022. Scottsdale Mint. Gold is always a good investment — unless an investor falls victim to a gold scam. Because gold is so valuable and so perpetually sought-after, thieves and fraudsters take advantage of eager investors with various scams that take hard-earned ...
