Certified Gold Exchange Issues Investor Advisory After NY Gold Dealer Uncovers Fake Gold Bars in Inventory

“America’s Trusted Source for Gold” says tungsten-filled bullion bars are one of the biggest risks in the physical gold market since many dealers lack the resources needed to determine ingots’ purity.

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CertifiedGoldExchange.com - America's Trusted Source for Gold

CertifiedGoldExchange.com America's Trusted Source for Gold

Scam artists can hollow out authentic gold bullion bars and replace the gold with tungsten, which costs about $1 per ounce. The outside of the fake gold bars are real and include the original manufacturer’s serial number so identification is difficult.

Fort Worth, TX (PRWEB) April 22, 2014

The Certified Gold Exchange has issued an Investor Advisory to potential gold bullion buyers in the United States after a rash of incidents in which police say investors were duped into purchasing bars of tungsten that were coated with a thin layer of pure gold. An October 2012 My Fox New York press release proves this practice has been around for some time, and Certified Gold Exchange spokesperson Janet Jones believes counterfeiting tactics will only improve over time, especially if the gold spot price continues to rise.

“Savvy scam artists are able to hollow out authentic gold bullion bars and replace the gold with tungsten, which costs about $1 per ounce,” said Jones. “The outside of the fake gold bars are real and include the original manufacturer’s serial number so it can be very difficult to know the truth.”

Jones recommends only buying gold from reputable dealers with no history of counterfeit products, or customer complaints of any sort. “Certified Gold Exchange and other gold dealers with A+ Better Business Bureau accreditations work hard to make sure clients never have to deal with the stress of holding counterfeit gold,” she said. “Whether you are buying gold bullion bars, American Eagle gold coins or collectible gold coins it is important to deal directly with a firm that can guarantee product authenticity.”

Certified Gold Exchange, Inc. is one of North America’s premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint 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.


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