Bogus Gold?

 

I learned long ago that when you see advertisements about investing … lots of advertisements … that may be a good indicator to be more wary and careful. Not only does all that attention generate demand for the investment (which drives up the price … which generates even more attention and demand), it also attracts scammers who want to take advantage of investors paying attention to these ads (not to say the advertisers are all bad, but scams also insert themselves into legitimate activity too).

 

Here are some good pointers and considerations on the topic from the Federal Trade Commission (ftc.gov):

Investing in Bullion and Bullion Coins

Investing in Collectible Coins

Consumer Protection Issues

Investing in Gold? What’s the Rush?

 

You should also be aware of issues selling your jewelry or other gold items mentioned in the Consumer Protection issues link above.

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