The Phaserl


Gold Scams Revisited

by Peter Schiff, EuroPacMetals:

The March 2014 Gold Letter is now available. In his commentary, Peter Schiff announces the release of his newly updated Classic Gold Scams special report and reexamines some common gold scams that investors would be wise to avoid. An essay by Alasdair Macleod reviews the major gold stories of 2013 that laid the foundation for a strong 2014 for the yellow metal. Plus, Lampoon the System imagines central bankers participating in the Olympics, our FAQ looks at gold bars versus coins, and we finish up with important gold news from February.

“Before Bear Stearns and Lehman collapsed, the market for physical gold was limited to a relatively small group of investors who understood the havoc inflation was wreaking on our savings and the US markets. As the financial crisis took hold, a flood of new and inexperienced buyers entered the market, creating an opportunity for unscrupulous metals dealers to swindle their way to massive profits.

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