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SOURCE: Americas Watchdog
The Wall Street Fraud Watchdog is warning all investors about a flood of counterfeit gold, or silver, bars, and or coins coming from Chinese counterfeiters. The Wall Street Fraud Watchdog is a huge fan of investing in precious metals, especially in an environment where the US Federal Reserve is printing money to artificially prop up the economy. The group's fear is obvious-inflation. However, all investors need to be extremely cautious about who they buy precious metals from, and they are urging all US, or global investors to stay away from the Internet when buying precious metals, unless the investor has the utmost confidence in the dealer they are doing business with. The Wall Street Fraud Watchdog says, "We have seen an example of a precious metals pro being duped into buying a precious metal bar, that in fact was a gold plated bar of tungsten for $18,000. Please be extremely careful with whom you do business with when it comes to buying precious metal gold bars, or silver coins." http://WallStreetFraudWatchdog.Com
(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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