Offers to buy gold at or below spot might sound enticing to those who are new to the gold market, and this misinformation makes them easy targets for people selling counterfeit gold.
Dallas, TX (PRWEB) November 25, 2013
U.S. precious metals trading platform Certified Gold Exchange issued an “investor alert” concerning the upcoming holiday shopping season and its relation to the gold market today, and the company cautioned investors to be wary of in-store or Internet-based deals that seem too good to be true. Company spokesperson Janet Jones said that scammers often bait bargain-hunters with unrealistic deals under the guise of “Black Friday” or “Cyber Monday” offers.
“Most of the year these deals would stand out as fraudulent,” said Jones. “People expect the first few days after Thanksgiving to be a gold mine in terms of discounts, so offers to buy gold at spot or below spot might sound enticing to those who are new to the gold market, and this misinformation makes them easy targets for people selling counterfeit gold bullion and coins.”
Jones says that investors lose millions each year due to fake gold purchases, and that investors can protect themselves by investing through reputable exchanges that have been in business for at least 10 years and by dealing strictly in well-known items. Jones says that Credit Suisse is the most popular gold bullion bar brand, while tubes of American gold Eagles, monster boxes of 500 silver Eagles, and PCGS-certified gold coins are the other globally-recognized items most often purchased by physical gold investors. Individuals with questions about protecting themselves from counterfeit gold dealers can call Certified Gold Exchange directly or submit a contact form via the company’s website.
Certified Gold Exchange, Inc. is North America’s premier precious metals trading platform, providing unparalleled service to licensed dealers, institutions, and household investors. Throughout nearly two decades of trading precious metals with the public, Certified Gold Exchange has maintained an A+ Better Business Bureau rating. For more information or a free “Gold Investor’s Guide,” visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.