Fake Silver Bullion
Beware of Fake Silver Bullion
In this video we see some fake silver bullion a purchaser spent about $80 USD to buy. All of us who purchase precious metals are looking for an enduring, safe store of values. One of the most important things when purchasing precious metals is only deal with reputable dealers who you trust and who have a good customer record. It’s no sense in saving a few percent and getting a “buy” on silver that later turns out to be fake. Counterfeiters are getting more sophisticated and the counterfeit copies are often getting harder to detect. Simple tests like visual, magnet, sound, etc that were used in the past to identify fake coins and separate them from the genuine coins often don’t work today. So please ask the dealer you are buying your bullion from what tests he employs to insure your coins are genuine and what his return policy is it the coins he sells to you prove to be fake. Most reputable dealers will stand behind their products.
In this video the purchaser ordered 3 Scottsdale silver bullion bars. He spent about $80 USD on what he thought was a good deal. Luckily he was alerted by another precious metals purchaser that there were a lot of fake bars available on ebay so he tested them right away. How many purchasers just received their order and locked their bullion away and will only find out in the future that they purchased fake bullion. By that time the seller will probably be long gone. Hopefully ebay policies will allow him to get a refund. I wish him well but I would not put my trust and money in the hands of a seller who this purchaser now feels probably knew they were fake.
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