Beware of Gold Scams
When the U.
S.
dollar falls in value, the price of gold and silver can usually be expected to rise.
And with the dollar in
free-fall as it is at the time of this writing, the trend is proceeding true to form, with gold just recently...
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Beware of Gold Scams
When the U.
S.
dollar falls in value, the price of gold and silver can usually be expected to rise.
And with the dollar in
free-fall as it is at the time of this writing, the trend is proceeding true to form, with gold just recently blowing past
$800 an ounce.
But when the gold and silver markets turn bullish and enthusiasm among investors accordingly rises,
watch out! Amid every new "gold rush," you can also expect a fresh assortment of corresponding scams to appear.
The
last major bull market for gold and silver, the 1970 s, saw scam artists abound; and this time around – especially with
the proliferation of the Internet – will likely be more of the same.
And although much more elaborate safeguards are
doubtless in place today, the ingenuity of the modern scam artist should in no way be taken lightly or scoffed at.
As the
epidemic of identity theft continues to teach us, the more restrictive the means of security taken, the more ingenious the
hackers, crook
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