http://www.youtube.com/watch?v=enBD3GsIaJU&feature=player_embedded
If you have followed gold and silver market news over the past few years, it is likely you have seen various reports on fake gold and silver products.
Then in September 2012 there were reports on a slew of 10 oz tungsten gold bars bought and sold in New York's jewelry district.
The big problem with these news reports is that they have given little to no solution on how the public at large can avoid fake bullion products.
We would like to raise the general awareness of this issue both with our customers, our industry, and the general gold and silver investing public at large. With more than a year of hands on research, we have identified some of the biggest fake silver and gold counterfeit threats facing the investing public today.
This Special Report on the growing threat of fake silver and counterfeit gold products will arm you with solutions on how to best avoid being ripped off by sellers of phony bullion products.
For many years in the silver bullion industry, rebuttals downplaying counterfeit product concerns would go something like this:
It is less likely that counterfeiters will make fake silver coins if they could make fake gold products or larger fake silver bars. It would also be very difficult to make high quality fake silver coins with exact weighting. Also the US gov't has very strict laws against counterfeiting making the production of private mint product fakes far more attractive for counterfeiters ( the punishment being less severe for producing private mint fake products vs gov't mint fake products ). Finally, there's just not enough profit in it for crooks to make counterfeit silver coins.
None of these arguments hold water now...
The fact is high quality fake silver coins and small fake silver bars are being produced in high volumes in China. In particular there are fake silver eagle coins being struck and distributed priced as low as 50¢ a piece ( with capacity of wholesale production lots of 100,000+ pieces ).
"As long as China allows these manufacturers to produce these ( fake ) legal tender coins, it is an act of war when one country counterfeits another country's legal tender currency. So this is very, very serious." states Mike Maloney, author of the #1 book on gold and silver investing.
ABOVE - IMAGES OF FAKE SILVER EAGLE COIN FACTORY IN CHINA
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