Monday, June 17, 2024 1:01:52 PM
https://disb.dc.gov/page/beware-precious-metal-scams#:~:text=The%20scam%20is%20perpetrated%20by%20unprofessional%20dealers%20who,purchase%20coins%20with%20high%20markups%20and%20low%20liquidity.
"How Precious Metal Scams Work"
Scammers who perpetrate precious metal scams:
"Create a false sense of urgency by claiming that metals are in limited supply"
"Many victims believe precious metals are safer to own than stocks or other investment types. In 2022, the Federal Bureau of Investigation reported that District of Columbia victims lost $6,902,545 to investment fraud; this fraud included precious metal scams."
https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/fraudadv_preciousmetals.html
"Made by people who call themselves “metals dealers” or “merchants”"
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