GOLD SCAMS PREVENTION
Avoid Getting Scammed When Buying & Selling Gold
Many people look to profit from the inherent value of precious metals like gold. Scammers may try to exploit the complexity of the gold market by charging hidden fees, excessive premiums, inflated shipping costs, or even offering fake investment opportunities.
Our Gold Scams Prevention Guide serves to equip you with the intel to identify and avoid scams, make informed decisions and maximize the value of your investments. You can also visit our blog for a guide on how to spot fake gold.
Garfield Refining is dedicated to educating our clients on all things precious metals, from refining to market trends and safeguarding your assets. We’re here to help you navigate the market so that you can buy and sell gold with confidence. If you have any questions that are not addressed below, feel free to give us a call or send us an email anytime!
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When buying gold bullion, make sure that it comes encased in mint-sealed packaging and includes an assay certification.
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Ensure that your gold is stamped with essential info such as purity, weight, a mint mark, refinery logo or serial number.
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When making any gold transaction with a business, first vet the company by reading customer reviews.
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Analyze the encapsulation, also known as the “slabbing.” Make sure the slabbing and the coin go together.
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When buying or selling gold, do your research and read up on the gold dealer’s history. The more experience, the better.
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Be sure that your gold storage provider is transparent about storage fees & any policies that may subject you to fee increases or changes.
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Ensure that your gold dealer is ethical – do they have a due diligence policy, and are they involved in any community service?
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When buying gold, always confirm that the vendor has a fair buyback or return policy.
