Fake Gold Bars Exposed
Fake gold bars resembling the ones produced by PAMP Suisse have recently arrived at our facility from “sellers” wanting to sell their gold and get paid with Bitcoin. We feel that by providing this information, we strengthen the community by alerting them before they are harmed, and also because awareness of a scam inhibits a counterfeiters ability to profit, thus nullifying the scam in its infancy.
The fake gold bars are being made to look like the 1 oz PAMP Suisse Gold Bars. However, with the right knowledge it should be easy for you to tell the difference before you get scammed.
Origins of Fake Gold Bars
Fake gold bars can come from a variety of places, such as Amazon or eBay. It is also possible to buy them from private sellers posting classified ads online. Alarm bells should ring immediately when the price is too good to be true. Bear in mind that since buy and sell margins for dealers and distributors of genuine precious metals are usually pretty low, nobody would sell gold, silver, platinum, or any other metal for a low price. “Quick sale needed” or a similar reason for the low price is generally not an excuse to sell precious metals grossly under value.
Please click Next below to view some common red flags, and photos.