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Thursday, September 01, 2011

As Price Of Gold Increases, So Do The Scams

It's a hot investment right now, but do invest with businesses you trust

America has a serious case of gold fever. Because of the shaky economy and the soaring price of gold, people are eager to buy gold coins and invest in gold stocks. This gold rush mentality presents a golden opportunity for hucksters to pitch their bogus get-rich-quick schemes.

Federal and state authorities are going after the scammers. But these guys can steal millions of dollars from thousands of unsuspecting victims before they are shut down.

For example, a few weeks ago the owner of a Florida company, The Global Bullion Exchange, pled guilty to running an illegal investment scheme that prosecutors say defrauded more than 1,400 out of more than $25 million. (U.S. Attorney’s news release)


Publishers Notes: Be very careful with LOCAL buyers. Their quotes on what they pay are based on 24kt, not 18kt or 14 kt.

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