BEWARE FAKE AND PHANTOM GOLD WARNS INTERNATIONAL CHAMBER OF COMMERCE ANTI-CRIME BUREAU
December 1st, 2010
BY ANDY HOLDER
FRAUDSTERS have been using base metals to exploit unwary gold investors with counterfeits and scams, the director of the International Chamber of Commerce's (ICC) Counterfeiting Intelligence Bureau (CIB) has claimed. Peter Lowe said reports of gold fraud had been rising as investors losing money on shares and currency trades turn to gold as a safe haven. "Last summer, several counterfeit gold bars were found in the vault of a bank in Germany. The bank was unwilling or unable to say how they got there," he noted. "More recently we ...
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