Gold Investment

 

Gold Investment Scam: How It Works

(with video below) Is gold a good investment now? If you're wondering how to invest in gold and silver, watch out for the Gold Investment or Gold Coins For Sale scam.

The price of gold reached recently its highest point in history. Taking advantage of the bad economy and people's interest in investing in gold, crooks came out with lucrative scams to victimize the potential buyers. The peak reached this year. How does the scam work?

Watch the video below to see the Gold Coins For Sale Scam, exposed:

Gold Coins For Sale Scam Video

Creating beautiful fake websites backed up by phony testimonials, scammers advertise everywhere, even on local radio stations, guaranteeing high returns on investments. Victims send the money, there is a promise that the gold exists (gold bullion) and the seller guarantees the gold is saved for the client in some safe location.

Indeed, the gold doesn't exist, while victims live with the belief that their gold is in good hands. Since this is a long time investment, they wait for years for the right time to re-sell it, while in reality the gold is not even there. By the time they realize have been duped, scammers are long gone.

 

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In a different variation of the scam, telemarketers sell real gold coins to naive people paying upfront. Also, beware of the Gold IRA Investment Scam.

Watch another video below to see the boiler room style Gold Investment Scam:

 

 

Gold Coins For Sale Scam: How To Avoid

If you want to know how to buy gold coins or bars, do your homework. Get a recommendation from a friend who maybe already dealt with the company you came across. Check to see if the company is regulated by the state you live in.

If the seller uses high-pressure tactics, step away– it is certainly a scam – real gold dealers don't need to press for business. Also, a good idea is to check if their company is a BBB accredited one.

 

how to invest in gold and silver prices

 

Gold Investment Scam: How To Report

Make your family and friends aware of the Gold Investment Scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:

Report Scammers To The FTC Here

 

How To Protect Yourself More

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.

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Mersli

last year i was victim by a hyip scam "robofund"
i lost $500 in investments and "one million $" in "profits" which were "in pending" till this website was "closed"!!!!
good bye to my money& my earnings!!! but
,is there any office which can help me to restaure,at least my owen money ???

David

Watch out for this scammer: LOOKING FOR GOLD BUYER, Dearest Buyer, I am contacting you for GOLD DUST, And GOLD BARS, There are bulk of gold dust for sell to interested buyers, each kilo is 30,500$.Our office in Abidjan is representing all the 9 local mining communities, to sale there gold dust and bars. If you are interested, you can visit our company and mines; you can see the quantity available and go to refinery to inspect the quality before making agreement and exporting of the Gold Dust/Bars to your destination. 1. Gold Dust/Bars 2. 23 Carat plus and Purity… Read more »

Peter

here is a scam email I just received. beware of offers like this!! Hello, We are Gold Dore Bar and Gold Dust seller from Ghana west Africa, We are looking for buyer of gold who can join us in JV Partnership in our Mining site land in the Village. because we are in need of Mining Equipments to enable us increases our Mining production to be able to get more gold and supply, any buyer/someone who is interested should get back to us for more details. We are also ready willing to give commission to any one who link us… Read more »

john

Hi
Can anyone tell me about zenith gold

Detroit forever

I did some research online and here is what other people reported as questionable companies and individuals related to gold investment. All these names and companies are listed on the ripsoff report page. Watch out for these sneaky companies, folks: Noble Metals and Minerals (Edwin Joshua), HC Stamp and Coin, Stockpol Limited, Gold Minds, Pinnacle Atlantic, National Rare & estate Buyers, Luxury Liquidators TV, Crown Jewels and Coin, Fast Logistics llc, 007 Bullion, Silvertowne Auctions Leipsic, Westminster Mint, Mike Mesack, Gold Silver Group (Rick Dougherty), Pollux Minerals, Harry Omeros, Northwest Territories Mint, Jonathan Butler Cambridge. Paradise Coin and Collectibles, TrustLink,… Read more »

drake

is redanagold investment scam..?

Murth McElroy Jr.

I can only confirm that Noble Metals ans Minerals in Dar Es Salaam , Tanzania managed by Edwin John Joshua and Simon Palm Shoo are scammers. We almost became vicitim but we were lucky we tested the collateral before payemnt. Collateral was brass instead of Gold by the way. Also watch out for their associates in Nairobi, Kenya. Especially Mr. Steve Mbogo Ndegwa is a well known scammer. Just stay away from these people.

p wells

COBRAZ Ltd/ COBRAZ SARL is a scam company (registered in Bangui RCCM number: 0228 / CCIMA / 2001B, Avenue B.BOGANDA 607BG BP, Tel: +236.77.24.19.59, represented by Charles Maximilian BOGANDA YANGONGO charles_boganda@yahoo.fr +33 6 74 50 91 19 Central African Republic passport number: D00001291 Charles Maximilian BOGANDA or Max Boganda is a scammer based in Paris, but leads a double life with another woman/family in the Central African Republic. Claims he can get you gold for EUR 27,500 per KG, 98% purity. He will just take your money and make excuses like; the deposit for gold, the tax rates have suddenly… Read more »

Murth McElroy Jr.

Katanga Import and Export and Kamuzo General Supplies in Dar Es Salaam Tanzania are also used for scam and deceiving operations by the same group which is also managing Noble Metals and Minerals. Edwin John Joshua and Simon Palm Shoo are very good in their job. One basic rule that will work with them: Never pay any money upfront. Do not accept their collateral or fake stories. Just refuse and you’ll be safe..

Ibrahim Gold

We have gold
Ready for inspection and can have more than 1000 kgs monthly. For fast transactions and long term contracts please contact us at GOLD SALES UGANDA. We can sale from any quantity to 1500 kgs of gold. We sale gold at the highest level up to 99.9% purity refined very well before payments.
Contact us for more details at +27631157376
Ibrahim
http://www.goldsalesuganda.net
https://www.youtube.com/watch?v=Y2_JSPTl0Dk&t=1s

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