How to Avoid Scams in Gold Transactions
Scams in gold sales can lead to significant losses, especially when buying from unverified sources. It’s important to stay alert and take precautions before sending money or handing over your asset.
Steps to protect yourself:
- Research the dealer – Make sure they have a proven track record and verifiable contact information.
- Avoid high-pressure tactics – Scammers often rush decisions or offer “limited-time” deals.
- Request testing or documentation – Ask for proof of purity, weight, and origin.
- Use secure payment methods – Avoid wiring money or using non-traceable options.
- Be cautious with online offers – Stay away from platforms with poor buyer protection.
A gold bar dealer Durham with a solid reputation can help protect you from counterfeit bars, overpriced products, and dishonest sellers.