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 Bullion Takes a Breather: But Gold Stays Above $2,500 READ MORE Gold gains hugely in popularity among American Investors – Gallup Survey 2023 READ MORE Bitcoin Slumps to Four-Month Low Amid Selling Pressure Concerns READ MORE Oil Prices Fall as Global Demand Concerns Eclipse Supply Fears READ MORE Indian Gold Sector Launches Self-Regulatory Body to Boost Trust READ MORE Add a Comment Cancel replyYour email address will not be published.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