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Watch Out for Gold Scams

There are numerous scams out there that involve precious metals, specifically gold. If you are considering investing in gold, you need to be aware of some recent schemes.One of the most common gold scams involves companies that offer to buy and store the gold for you. They may charge you a fee to store the gold, as they make it appear as though they are offering you an additional benefit. For investors who are not familiar with gold, this type of arrangement may be attractive, as it can be overwhelming trying to figure out how to store large quantities of gold bullion. Unfortunately, in some cases, the gold never existed in the first place and the investors’ money is lost.It is important to mention that there are legitimate companies out there that buy and sell gold. If you are considering making such an investment, you should go through a reputable gold dealer. You will want to make sure that the company has a long and verifiable track record. Check with the Better Business Bureau to find out more about the gold dealer’s history and whether any complaints have been made.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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