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 Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE Egypt's Bold Move: $1 Billion in Treasury Bills Launched READ MORE Yellen Critiques Market Overreaction to Inflation Data READ MORE Gold's Glittering Milestone: Surges Past $2,300 Amid Rate Cut Hopes READ MORE Gold's Unprecedented Surge: Beyond Geopolitical Turmoil READ MORE Add a Comment Cancel replyYour email address will not be published.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