Wall Street Fraud Watchdog Issues an Alert About a Flood of Counterfeit Chinese Gold or Silvers Bars and Coins & Warns all Precious Metal Investors Its Buyer Beware Time

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when you spend $18,000 for a gold bar, or thousands of dollars on gold, or silver coins-you bought nothing, and your investment just got flushed down the tube-if the precious metal product comes courtesy of a Chinese counterfeiter

(PRWEB) October 09, 2012

The Wall Street Fraud Watchdog is issuing an alert to all US, or global investors about a flood of Chinese counterfeit gold, and silver bars, and or coins. The group has been warning all investors to be mindful of counterfeit Chinese made gold, and silver precious metal products for a year, and the group now fears the problem is getting worse. The Wall Street Fraud Watchdog is now saying, "We have learned of an instance where a professional precious metals dealer in New York was duped into buying an $18,000 gold bar-that in fact was gold plated tungsten. We have been saying it for a year-the Chinese counterfeit precious metal bars, or coins are of such high quality even the pros are getting cheated. The problem-when you spend $18,000 for a gold bar, or thousands of dollars on gold, or silver coins-you bought nothing, and your investment just got flushed down the tube-if the precious metal product comes courtesy of a Chinese counterfeiter." http://WallStreetFraudWatchdog.Com

The Wall Street Fraud Watchdog is urging all precious metals investors in the United States and around the world to not buy gold, or silver bars, and or coins on the Internet, on a world famous Internet web site known for selling almost anything, well known Internet classified ad web sites, pawn shops, and or flea markets. The group says, "We have talked to about 50 sellers of Internet gold, or silver coins, and or bars, and when we try to get a physical address on them-it is a vacant lot, or their contact phone number is to a prepaid cell phone. In one particular instance the Internet seller of a quote estate sale of five gold bars-wanted us to bring $50,000 cash, and meet him in a parking lot in Santa Monica, California. Do Not give anyone selling precious metals on the Internet any money, unless you can first verify-who you are doing business with. We believe the Chinese counterfeiting precious metal products is a multi billion dollar a year business, and we think it is vital you only buy precious metal products from companies with sterling reputations." http://WallStreetFraudWatchdog.Com

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