Gold bar transactions can attract dishonest practices, especially in private or online settings. Knowing what to watch for helps protect yourself and your money. Scam prevention is just as important as knowing market rates and bar specifications.

Watch out for these red flags:

• No proof of authenticity – If a seller refuses to provide paperwork or lab results, be cautious.
• Too-good-to-be-true prices – Major discounts often signal low-quality or counterfeit items.
• Pushy tactics – Reputable dealers allow time to think and don't pressure buyers into instant decisions.
• Cash-only or wire requests – Some scammers avoid traceable payments to reduce the chance of getting caught.

Working with a verified gold bar dealer Lansing sellers or buyers recommend can significantly lower these risks. It’s best to only deal with parties who are transparent about pricing, sourcing, and authentication processes.

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