by Mac Slavo, SHTFPlan:
With rising precious metals prices comes the age-old scam of counterfeits.
Fake gold coins and bars, many originating from China, have been discovered at dealers all over the world, including some high profile banks. Some analysts have even suspected that central banks, which hold thousands of tons of gold, may have fallen prey to the scam.
With silver having recently achieved all times highs and currently trading at around $25 per ounce, counterfeiters see a potential boon for their bottom lines. Counterfeiting silver isn’t new, and numerous fake 100 ounce silver bars and U.S. Morgan dollars have been discovered to date. But now the scammers have turned their sights on the official one ounce bullion coin of the United States – the American Silver Eagle. In April, the US Mint sold in excess of four million silver eagles, highlighting the surging popularity of the coin.
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