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Gold and other precious metals have been the subject of many investment
scams over the years. Gold coins in particular have been used by fraudsters
to steal money from unassuming investors. There are some legitimate gold
coin investments, but investors should be incredibly wary.
Meyer Wilson has provided the top five tips for avoiding gold coin investment pitfalls.
Coin Storage – If you are thinking about investing in gold coins, keep in mind that you'll
have to store them somewhere. Be cautious of people who say they can store
coins for you.
Too Good to be True – If an investment sounds too good to be true, there's a good
change it might be. Even if the person offering the investment gives "proof,"
it may be misleading.
Investment Harassment – Scammers often manipulate people into investing with a high-pressure
environment. If you feel harassed or pressured, you probably shouldn't.
Not All Coins Are Created Equal – Don't be fooled into thinking "a gold coin is a gold coin."
Not all gold coins are equal in value. Before you invest, have an appraiser
assess the coins.
Display Cases – That display case your gold coin comes in may not be there to protect
the coins. Display cases can prevent investors from properly inspecting
As with any investment, research before you buy. If you have a bad feeling
about the investment, it is a good idea to heed that and pass the investment
up. Gold coin scams are everywhere. If you believe you were defrauded
by this type of investment, contact Meyer Wilson today.
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Investment Misconduct Blog
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