China Sees Rise in Fake Gold Scams Amid Bullion Investment Boom China is experiencing a surge in fake gold scams, defrauding consumers as gold prices rise and many citizens turn to bullion for financial security amid economic uncertainty. These scams involve selling inferior gold marketed as “999 gold” online. The increased demand for gold, driven by both consumer purchases and the central bank’s acquisitions, has expanded the bullion and jewelry market, creating opportunities for fraudsters. Despite numerous complaints, major online platforms have yet to address the issue publicly. The government has issued guidelines to help consumers verify gold authenticity. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Despite Economic Headwinds, Gold Continues Its Surprising Uptrend READ MORE Gold Prices Soar to New Heights Defying Critics READ MORE Inverted Yield Curve Signals Caution, But Economic Strength Defies Predictions READ MORE Global Business Grinds to Halt as CrowdStrike Update Triggers Massive IT Meltdown READ MORE Treasury Yields Dip as Markets Brace for Fed Rate Decision READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment