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Upward Gold Price Increases Gold Fraud, Silver Scam Fooled Many People

Posted by: Chris Na 2021-12-11 Comments Off on Upward Gold Price Increases Gold Fraud, Silver Scam Fooled Many People

Upward Gold Price Increases Gold Fraud, Silver Scam Fooled Many People

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Category: tungsten’s News
Published on Friday, 13 May 2016 14:47
Recently, people had seemed to be taken by surprise by the plummeted steel price, but the international gold price has shown upward trend. According to foreign media reports, JP Morgan Chase recently said the previous fall gold price is a healthy correction, under the current negative interest rate environment; the gold has performed well, and can raise a lot. And they said, in this year, gold price is expected to rush $ 1,400 / ounce level. Goldman Sachs also said that net speculative positions of gold have increased, and gold investment attraction is significant. The upward gold price also brings some other investment issues. The gold fraud such as “gold rimming silver" also or "gold rimming tungsten" is not uncommon. There is a businessman recently encountered such gold fraud. His partner gave him a number of gold which is worth 2.68 million Yuan as pawn of lending money, but afterwards he found that all of the gold is "the gold rimming silver", the outer was coated with three millimeters thickness of gold, and there was silver inner. In addition to bullion, gold bar fraud, many gold coins, crafts and even jewelry etc. all have the adulteration problems.
 
While the fake gold fraud is in upgrading trend and the other side, many people fell into the "high returns" silver scam. Recently, the High Court was rejected the involved 6 criminals’ appeal for their silver scam which caused more than 100 people deceived and involved up to 9 million Yuan, and affirmed the verdict of the first trial, that is to sentence the 29-year-old man, He Gang to life imprisonment, the other five accomplices were sentenced 4 to 13 years in prison. He Gang together with five other people fabricated the silver trading scam online in the name of his company during 2013-2014, which had resulted in 60 people suffered great loss, the amount could be up to more than 900 million Yuan.
 
We've heard a lot of fake gold fraud, and even some foreign banks' reserves gold are total tungsten gold plated bars. In fact tungsten gold-plated bars which made of tungsten alloy are just used for the purposes of collection or souvenir or gift. The tungsten gold plated products provided by Chinatungsten are also just for play and appreciation only and can not act as gold, nor can not be used for doing illegal things. Whether it is gold fraud or silver scam, our law will not be tolerated. And the thing we can do is only to polish our eyes, so that would not be exploited by criminals.
 
Tungsten Gold Plated Supplier: Chinatungsten Online tungsten-alloy.com  Tel.: ; Fax: 86 592 5129797;Email:[email protected]
Tungsten News & Prices, 3G Version: http://3g.tungusten.com  Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn
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