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Fake gold and silver coins 'flooding' market

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Published : June 13th, 2016
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Category : GoldWire

In these uncertain economic times, you don't have to be a miser to consider putting some of your money into precious metals, and gold and silver coins are an easy way to do that.

But this increased demand for bullion coins -- like the American Eagle, South African Krugerrand, and Canadian Maple Leaf -- has created a golden opportunity for forgers.

Counterfeit coins are "flooding the market at an astonishing rate," and compromising the investments of collectors, according to the American Numismatic Association.

"It's a very serious problem and it's really scary," said Rod Gillis, ANA's education director. "With improved technology the fakes are getting better. It's gotten to the point where even people who deal with coins all the time may not be able to recognize a counterfeit coin right away." ...

... For the remainder of the report:

http://www.nbcnews.com/business/business-news...old-fake-gol...

 

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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