Locals, beware: That gold you bought could be fake
Пікірлер: 91
@bootysweat12252 жыл бұрын
Don't buy gold from a place that has neon lights that say we buy gold ...it's kinda a no brainer
@romeitaly8524 Жыл бұрын
AMEN! I find it hilarious when people buy gold from the local good spot beside the local crack shop and then get surprised when it’s fake
@OleJoe3 жыл бұрын
The store should have given him his money back. Going to the news media, the guy is not trying to scam the store. Even if the store wins in court, it has cost them goodwill. I wouldn't buy from them now, regardless.
@HippieJoe3 жыл бұрын
i mean i feel for the guy who owned the store at well, the guy who purchased the gold should have tested it or request a test before they would have left. I can understand why he would feel maybe the guy would be swapping the gold, a 1 oz gold bar is not cheap. It's just an unfortunate situation all around.
@Dgafsranger3 жыл бұрын
@@HippieJoe scammera rely on people to be ignorant they probably saw him saw he didn't know much and decided to take advantage that 1200 is pocket change to that business id never do business with them
@realtyrocks19692 жыл бұрын
I would have no problem buying from this coin dealer. There's no proof the bar sold is the bar in question. His son could have swapped it out with a fake to take his gf out. Anything could have happened.
@lilichendani5287 Жыл бұрын
@@realtyrocks1969 i still dont believe it at all. The buyer. Should test it before he left! Im sure liberty coins isnt going to do that
@edgar-mmxxiii3 жыл бұрын
That's why I do not buy gold from local dealers. I only buy from reputable source.
@filiplaskovski99933 жыл бұрын
Btw most reputable bullions makers do stamp serial numbers on their bars
@Usnveteranstacker Жыл бұрын
It’s made out of tungsten, it weighs exactly as much as gold, I’m not sure how that jeweler doesn’t know that lol
@jmn12387 ай бұрын
Would fail the sound test too super easy to test that
@Skandalos3 ай бұрын
Yep, most likely tungsten because the dimensions of the bar look right. If it was copper or brass inside it would need more than double the thickness of a genuine gold bar to have the right weight and it would be very easy to see.
@jduff592 жыл бұрын
I have a couple of 1 and 2 gram Gold bars - and they all have serial numbers. A 1 troy ounce Gold bar should have a serial number stamped on the bar and a corresponding number on the assay. Shop owner should have tested the bar and the guy buying it should have done his homework first - would you spend 1200 on a refrigerator or computer without doing some research before you bought it? Buying bullion isn't something done on a whim. You should learn as much as you can about bullion - and then buy some. This is a major purchase and requires due diligence. I feel bad for this guy, but did he do his part to avoid a scam? It doesn't appear he did. The store looks sketchy as well - I wouldn't shop there.
@DPhasely3 жыл бұрын
Use an earth magnet. If it slides off of the silver or gold coin, then you know its real. If it sticks, then its fake.
@JAVRTH6 ай бұрын
I buy it from the bank, But still using my 🧲 before to leave the bank
@realtyrocks19692 жыл бұрын
Gold bar manufacturers should put a small hole on the back of the card so the gold could be scanned on the machine without removal of the bar from the package
@StackerFactor Жыл бұрын
Those machines work through the plastic. Removal is not needed.
@realtyrocks1969 Жыл бұрын
@@StackerFactor are you sure?
@StackerFactor Жыл бұрын
@@realtyrocks1969 Fairly. I watch a lot of KZfaq videos where coin shop owners verify with the Sigma machine through the plastic. However, I am not an expert and could be wrong.
@realtyrocks1969 Жыл бұрын
@@StackerFactor Appears youre right. Which makes me wonder why anyone wouldnt have done this before a catastrophe like this happened. Google says " The Verifier can see through plastic cases and bags, so numismatic coins do not need to be removed from protective holders."
@ducheau1003 жыл бұрын
that guy is gonna lose. there is no proof that was the bar they sold him
@MrTruckerf2 жыл бұрын
Right.
@MrPillowStudios Жыл бұрын
That store is a HUGE scam.
@goldeneye702 жыл бұрын
Oh lord that packaging looks so fake I would've known immediately
@jackdennis92863 жыл бұрын
I mostly buy silver but some gold. Even tho there’s a high premium I try to stick to nationally backed coins from trusted nations usually (US, Canada, England, Australia, etc.) especially those with security privy marks. I then immediately test it, and if it passes (it always has for me) I seal it in a capsule or cardboard flip.
@mikeyerian2251 Жыл бұрын
I'm getting ready to start buying silver, how do you test your prescious metals
@urbanminer80033 жыл бұрын
Anyone can stamp a serial number I deal with precious metals and any one who’s running a business out of it. Should be using XRF analyzer doesn’t lie and protects both buyer and seller! Can’t afford XRF small fee to send it to be tested!
@TheInfraredzone Жыл бұрын
SD Bullion us selling fake gold as well they sold me 3 2.5g valcambi fake bars. Avoid them at all costs
@goldeneye702 жыл бұрын
This is not liberty coin on eBay
@skipstalforce6 жыл бұрын
Reputable sellers don't sell fakes, it's not that hard to tell, they know exactly what they sold him. An expert can tell just by the look and feel, even amateurs develop this skill quickly.
@afvro753 жыл бұрын
I wonder what the APMEX people would say about that?
@kyle_35933 жыл бұрын
I don't have any gold, and i was thinking about buying my first gold in my life. APMEX was the site that i am looking at. now, i m confused.
@thecrow59613 жыл бұрын
APMEX is good just don't buy from shady websites they do have an eBay but just to be 100% sure you got the real deal I'd just go to the main website
@afvro753 жыл бұрын
@@kyle_3593 buy from kitco.com cheaper than apmex too.
@sourwes00013 жыл бұрын
I never buy bars, they’re the most counterfeited; Only sovereign mint coins from reputable dealers. Buyer beware, there’s alot of fakes out there. That couple extra dollars premium is worth it from a big dealer with a reputation to maintain. Buy the sales on the dips.
@silverwiskers73713 жыл бұрын
I wonder if it's the same liberty coin that's a reputable bullion dealer out of California
@HalfassDIY10 ай бұрын
The word is out - now they have to scare everyone away from buying all the gold they want for themselves.
@mercbenz7910 Жыл бұрын
The store is responsible for selling real gold bar without a SERIAL NUMBER ... and DO NOT buy gold from local dealers at all. Also, the gold color and packaging looks so fake
@rogertayloRRR2 жыл бұрын
No # on the apmex packaging? Strange. It would help
@guzzifabrication3448 Жыл бұрын
Pawn shops, coin dealers, any shop buying and selling precious metals ALWAYS test BEFORE they purchase.... difficult to believe the shop didn't know that they had ( produced... sorry ) purchased a fake..... and then sold one. To a small business owner, reputation is everything... unless reputation in not a concern.
@jameshihihin1320 Жыл бұрын
Is this the same liberty coin on eBay? Yikes I’ve bought from them before
@yayger825 Жыл бұрын
I'd check it right away. Gold testers are cheap
@CryptoScammers.DoNotSendMoney3 жыл бұрын
Someone working there swapped it
@jmn12387 ай бұрын
Yeah could just be the employee working there that day.
@georgemalley6414 Жыл бұрын
I take ALL coins (gold / silver) to Cascade Refining and pay $5 for the test. I get a print out of the results. Takes a few minutes.
@blacknoir24043 жыл бұрын
That owner almost scammed them too
@mainegus99844 жыл бұрын
This guy tried to do a switcheroo and failed.
@filiplaskovski99933 жыл бұрын
He must of man if the owner says he tested it he must have, what is good to do is if u sell bullion is to test the bar on camera making sure the serial numbers are shown that way if a customer tries to scam u buy switching it you’ve got proof
@usptact Жыл бұрын
Clue me in, how a serial number would've helped?
@HDDynalowrider2 жыл бұрын
How do chinese take coins apart and take the gold out anchor Man???
@georgemalley6414 Жыл бұрын
Same way that the bars in Fort Knox aren't gold.
@DarrellWefel-ts2kr Жыл бұрын
Serial numbers on gold bars, all depend on the mint! Never buy a gold bar without a serial number and from a reputable dealer !
@IIDASHII Жыл бұрын
Apmex packaging has an ID number on it.
@randysimmons9838 Жыл бұрын
Fools gold
@kingoftruth10yearsago283 жыл бұрын
I think the store didn't know either he bought it from another place too.
@gilavalos2400 Жыл бұрын
Best bet is to purchase from a reputable precious metal dealer.
@realtyrocks19692 жыл бұрын
This guy can't prove its the same gold he bought. He could have swapped it or someone else could have.
@MrTruckerf2 жыл бұрын
I assume he lost his suit.
@mattslivar51745 ай бұрын
The gold store i buy it from i bring my tester with me
@rogertayloRRR2 жыл бұрын
Newer ones have an id number on the assay card
@samabrahams76872 жыл бұрын
Bogus gold 🤭
@shauncorless89652 жыл бұрын
Never buy gold off eBay 🤨
@bobingalls46432 жыл бұрын
Bruce doesn't sound very smart.
@CBUCK1994 Жыл бұрын
i buy silver
@jeffmee93264 жыл бұрын
That’s why you should just buy government minted coins. Those are really hard to fake. Meeting a guy in a Walmart parking lot right now to buy that same bar in this video. I have the machine the guy at the store tested them with. Wish me luck! Hahaha
@jeffmee93264 жыл бұрын
@Steve C It was fake. I’m glad I had a machine totes it. they looked very real.
@anthonyca3 жыл бұрын
@@jeffmee9326 what did the seller of the fake gold say? Do you think he knew?
@jeffmee93263 жыл бұрын
@@anthonyca I definitely think he knew. He said it was an inheritance from his father. But I highly doubt his story. I met another person selling a fake gold coin. If you’re not at a dealer or the person can’t verify it, stay away. Both of these instances, they were selling the gold for far less than it was worth. That’s a big red flag.
@anthonyca3 жыл бұрын
@@jeffmee9326 ya, I would never buy from someone like that. I only buy from one source and they have been in business for over 50 years and give me good prices.
@jeffmee93263 жыл бұрын
@@anthonyca Well, that’s why I have a metal verifier.