LOS ANGELES, July 18, 2016 /PRNewswire/ -- As we enter into this new era of a gold bull market, strong words of caution are voiced by a veteran gold dealer and CEO of Capital Gold Group, Jonathan Rose. He just released his 5 Best Tips to Avoid Gold Scammers – All That Glitters is Not Gold to help gold investors find the best gold company.
Mr. Rose explains, "I have been an active trader and an authorized seller for the U.S Mint for more than a decade. The horror stories of gold buying get swept under the rug. Countless companies have filed for bankruptcy and/or have been charged with fraud, leaving customers with no gold and no money! This has been occurring at an alarming rate." Mr. Rose points out the recent $38.3 million Chapter 11 filing of Northwest Territorial Mint and Merit Gold & Silver Company was shut down under the Californian Protection Act. The CPA alleges that Merit Gold & Silver engaged "in an aggressive, nationwide fraud scheme that has bilked consumers out of tens of millions of dollars." We can add other such scammers like Discount Gold Brokers, Superior Gold Group, and the list keeps growing as gold buying surges.
Understandable people seek the best prices but get deceived when seeking "cheap gold." Millions have been lost because these criminal companies use terms like "cheap gold," "discount coins," and "limited time offers" to dupe buyers. Cheap gold usually leads to fake, novelty coins, and some high-end counterfeits. Rose states that there should be nothing you seek to invest with the word "cheap" and expect it to be a stable investment. Rose comments that scammers have flashy websites, testimonials and even say they have been open for years.
Jonathan Rose's 5 Best Gold Buying Tips:
- Gold company has at least 10 years with a solid reputation!
- The business is an authorized dealer of the U.S Mint.
- Have an A+ rating with the Better Business Bureau.
- Stay away from cheap gold offers.
- Are licensed, bonded and registered with the attorney general's office.
With the current BREXIT fallout that has been recently reported along with the upcoming election, we forecast only higher volumes of sales for the precious metals. Gold and silver are an integral part of anyone's retirement portfolio, and when choosing a company to make sure they have a solid track record, Capital Gold Group offers just that.
Ultimately, Mr. Rose concludes, "We strive to offer the best service at reasonable prices and our customers never have to worry about receiving their gold. We have currently shipped over 1 billion dollars' worth of precious metals, spanning over a decade." Mr. Rose says before you buy, check out our FREE Consumer Gold Buying E-Guides or watch Capital Gold Group TV.
About Capital Gold Group Inc.
Capital Gold Group Inc. is a global leader in GOLD IRA retirement accounts and physical delivery metals. CEO Jonathan Rose is an international registered financial consultant with a Series 3 commodity license. Mr. Rose has lectured in London, Singapore, Hong Kong, Malaysia and at the Financial Advisor Symposium in America on the benefits of Precious Metals for portfolio diversification.
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SOURCE Capital Gold Group