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Beware of Scammers Before You Purchase Gold!

Table of Contents

In the age of advanced technology, the digital realm offers a wealth of conveniences.
However, this digital age also brings about increased vulnerabilities. Scammers have
become more sophisticated, exploiting not only individuals’ fears but also their personal data.
One such scam targeting potential bank customers recently came to our attention at Bullion
Trading LLC.

The Scam's Modus Operandi

The scam begins with impersonators claiming to be bank agents. These fraudsters inform
the unsuspecting individuals that their bank is going bankrupt. The “agent” instills fear by
suggesting their savings are in jeopardy. Their proposed solution? To immediately pull out
their money and invest it in gold as a secure refuge.

Here’s where the plot thickens: these impersonators then cunningly direct the potential
victims to our reputable online business at “”.

How Do Scammers Get Your Personal Information?

Beware of Scammers Before You Purchase Gold! - 1

To make their deception more believable, these scammers come armed with personal
information. But how do they obtain this data? Often, the answer lies in breaches of major
online platforms. Recent high-profile breaches include platforms like Twitter among others,
which saw the personal data of millions compromised.

Beware of Scammers Before You Purchase Gold! - 2

Armed with this stolen information, scammers can convincingly pose as someone familiar,
like a bank agent specifically assigned to you. They’ll reference details about you to enhance
their credibility and further manipulate your decisions.

Example of Conversation Between Scammer and Victim

Phone Rings

Victim: Hello?
Scammer: Good day, Mr. Smith. This is John Doe, your dedicated agent from your bank. I hope you’re doing well?
Victim: Oh, hi. I wasn’t expecting a call. Is there an issue with my account?
Scammer: Well, Mr. Smith, I’m reaching out due to a concerning development. You might’ve
heard about the current financial instability affecting several banks, including ours. I wanted
to give our valued customers, like you, a heads up.
Victim: Financial instability? What’s happening?
Scammer: I can’t delve into the details over the phone, but there are whispers of an
imminent bankruptcy. I thought it best to alert you given the substantial savings you have
with us.
Victim: Bankruptcy?! What should I do?
Scammer: Well, Mr. Smith, considering the circumstances, a lot of our high-value clients are
turning to gold as a safe investment. Gold prices remain stable even during financial crises.
Victim: That sounds like a good idea. But I don’t know anything about buying gold.
Scammer: No worries at all. We’ve been directing our esteemed clients to a reputable gold
dealer we trust – “”. They have a track record of swift and secure
Victim: That’s concerning news, but thank you for letting me know. How do I go about it?
Scammer: It’s simple. Just initiate a bank transfer to their account. They’ll handle the rest.
Remember, time is of the essence here. The sooner you secure your savings, the better.
Victim: Alright, I’ll look into it immediately. Thanks for the heads up.
Scammer: Just doing my job, Mr. Smith. Take care and be safe.

In this fabricated conversation, the scammer uses urgency, familiarity, and the victim’s fear to
manipulate the situation. As seen, they provide just enough “truth” to seem believable while
pushing the victim towards a hasty decision.

Example of Conversation Between Victim and Bullion Trading LLC Agent

Beware of Scammers Before You Purchase Gold! - 3

Phone Rings

Bullion Trading LLC Agent (Agent): Hello, this is Sarah from Bullion Trading LLC. How can
I assist you today?
Victim: Hi, Sarah. I was directed to your website by my bank agent due to some financial
concerns. I’m interested in purchasing gold as an investment.
Agent: Of course, I’m here to help. Can you provide me with some details on the amount of
gold you’re looking to purchase?
Victim: I’d like to invest around $50,000. How do I go about the process?
Agent: Great choice. Firstly, for the transaction to be processed, we’ll need some
verification. Could you please provide your ID for the initial verification?
Victim: Sure, I can send over a copy of my driver’s license. Where should I send it?
Agent: You can securely upload it directly to our portal. I’ll send you a link via email. Once
we have verified your ID, we’ll provide you with our account details for a wire transfer.
Victim: Alright, I’ve uploaded it. And as for the wire transfer, I’ll initiate that as soon as I get
your details. I was told by my bank agent that this is urgent, so I’d appreciate a swift process.
Agent: Thank you for the prompt response. We always ensure our transactions are both
secure and efficient. I’ll review the ID, and once verified, you’ll receive the wire details. Once
we confirm the receipt of the transfer, we can proceed with shipping your gold.
Victim: Thank you, Sarah. I appreciate your assistance during these uncertain times.
Agent: It’s our pleasure. We aim to provide our customers with a seamless and secure
experience. Once the transaction is complete, we’ll send you all the necessary
documentation and tracking details for your purchase. Please don’t hesitate to reach out if
you have any further questions.


In this conversation, both parties are acting in good faith, with no inkling of the underlying
scam. The agent follows protocol, ensuring the transaction is legitimate, while the victim
believes they are making a wise financial move based on the earlier misleading call

Unraveling the Scam: Bullion Trading LLC's Vigilance in Action

Awareness and vigilance are crucial in identifying and thwarting potential scams. At Bullion Trading LLC, we have always prioritized the safety of our customers and the integrity of our business dealings. It was this commitment that led us to uncover a concerning pattern in recent transactions.

Spotting the Red Flags

We began to notice an unusual trend when several clients mentioned concerns about bank bankruptcy in their communications with us. While every individual’s reason for investing in gold may differ, this repeated mention of a specific circumstance raised a red flag. Acting on our suspicions, we took the proactive step of directly inquiring with these customers. We asked if they were willingly proceeding with their order, highlighting that they might be victims of a sophisticated scam. By emphasizing our concern, we hoped to prompt them to pause, reflect, and possibly avoid a costly mistake.

Intervention and Assistance
Our timely intervention bore fruit. Many grateful clients acknowledged that they had been misinformed and were on the verge of making hasty financial decisions based on deceitful advice. We were able to assist some of them by refunding their money, ensuring they did not suffer financially from this scam. However, not all stories had happy endings. In one distressing instance, a victim was duped not just once, but twice. After purchasing gold from us, other scammers, pretending to be agents, approached the individual, falsely claiming they needed to confiscate the gold as evidence in an ongoing investigation.

The Threat Looms Larger

Our investigations suggest that the scammers’ tactics might not stop at mere deception. Given they have access to personal data, there is a real fear that these criminals might resort to more direct, potentially dangerous methods. With the knowledge they’ve acquired, these scammers could potentially target victims’ homes, either by scamming their way in under some pretense or, in extreme cases, breaking in.

How to Prevent Yourself from Being Scammed

In today’s digital age, almost everyone shares some personal information online, making it challenging to entirely avoid being a potential target for scammers. However, there are proactive steps one can take to reduce the risk of falling victim. One of the most fundamental precautions is to keep your computer updated with the latest software patches and ensure you have reliable antivirus software installed.

If you ever receive a call from someone claiming to be from your bank or a representative from a service like PayPal, exercise caution. Never provide them with any codes received via SMS or share other sensitive details. It’s important to note that even if your account was genuinely blocked or there’s an issue, always opt to call the institution back using their official contact number, ensuring your safety.

Lastly, always remember that legitimate customer support from financial institutions won’t typically need your full bank details. They can handle most tasks by simply verifying your identity. Before providing any information, always verify the identity of the person or organization contacting you, ensuring your peace of mind and security.

Protect Yourself: What You Need to Know

  • Guard Your Information: Despite advances in online security, breaches can and do occur. Always be cautious about the information you share online and where you share it.
  • Bank Communications: Genuine banks won’t randomly call customers about bankruptcy. Should you get such a call, hang up, and contact your bank through their official communication channels.
  • Never Share Sensitive Information Over Call: Even if the caller cites personal details about you, never share sensitive information over the phone. Authentic bank agents will never ask for personal details or passwords over a call.
  • Research and Verify: Don’t act on impulse. Before making investment decisions or following through on an unsolicited phone call’s advice, verify the information independently. Check online, consult trusted acquaintances, or speak with a financial advisor.
  • Secure Transactions: Always make purchases from trusted and verified dealers. At Bullion Trading LLC, we ensure every transaction’s authenticity, but it’s essential to be cautious and alert in every substantial transaction you make.
  • Communicate with The Dealer: If something feels off, or if you’re unsure about a transaction, directly communicate with the dealer. By informing us of unusual recommendations or references, we can better track and identify potential scams.

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Terms & Conditions

Trading in gold and other precious metals is risky because the market is volatile. Past performance is not indicative of future returns. This is why we encourage you to read Our Terms and Conditions carefully before making purchases, selling, or placing orders with BULLIONTRADING LLC. Refer to Safety Tips from the CFTC (Commodity Future Trading Commission). These terms and conditions apply to all orders, all purchases, and all sales made through our website, telephone, or other channels.

In the event you do not fully understand the terms of this agreement, BULLIONTRADING LLC strongly encourages you to consult with your own experts. BULLION TRADING enters into transactions with customers on the reliance and belief that clients are aware of, understand, and agree to these terms.

These terms and conditions are effective as of March 11, 2022, and are binding to all new and existing customers and users.


The prices for gold, silver, platinum and palladium coins and bars keep on fluctuating because of the risk factors that cause price volatility. The risk factors include political development, war, pandemics, demand, and supply. It is important to keep this in mind when transacting with BULLIONTRADING LLC.

The Ordering Process

BULLIONTRADING LLC. Does Not speculate on the prices of precious metals. This means that we don’t make profits by buying gold when the prices are low and selling when prices go up. BULLIONTRADING LLC generates revenue through premium spreads. This is the difference between what Bullion Trading LLC pays & sells these items for.

Orders and inquiries can be made through our website, phone, or other suitable channels. Contact Us for information.


Inquiries are made by customers who are not ready to transact immediately. Customers can contact us or go online at to get current market prices. The price quote and quantity available are subject to change. They can also contact us for guidance on buying and selling bullion coins and bars. You should note that the Price Quotations you receive when inquiring are Estimates because the prices of bullion coins and bars fluctuate daily, and the number of our stock changes all the time.

For example, The U.S Mint sets premium and minimum prices for American Eagles. Prices for American Eagles are determined by the current price of gold, silver, platinum, or palladium. The mint also charges a modest premium to cater to the cost of distribution and marketing. Consequently, the price of bullion coins and bars changes daily as the markets for gold, silver, platinum, and palladium fluctuates. Refer to the United States Mint’s Charges for Authorized Dealers.


Orders are made when customers are ready to transact immediately. The prices you get when ordering bullion coins and bars from us are an accurate reflection of the current market prices. Note that once you place an order, the prices are locked and are no longer subject to market conditions.

An order is placed when you finalized negotiations with our agents and an invoice is generated, not when the payment is made. Ordering and then bailing out or canceling after an invoice is generated makes BULLIONTRADING LLC incur losses. We incur losses because when you place an order, we consider the bullion coin or bar sold and will have hedged ourselves accordingly.

Disclaimer: To protect our company from losses, BULLIONTRADING LLC has implemented a Market Loss Policy.

Market Loss Policy Explained

An order starts when you finalize the deal with our agents, not when the payment is made. We generate an invoice immediately the deal is sealed either through our website or phone. We also count the bullion coin or bar as sold and will have hedged ourselves accordingly.

Customers who place orders, have invoices generated, and then cancel thereafter make us incur losses. To protect ourselves we have implemented a market loss policy. This means that you will incur penalties for ordering, having an invoice generated, and then bailing out. Once an order is placed, prices are locked and not subject to market conditions.

The moment you place an order an invoice is generated. If you cancel, and then gold prices decline you make us incur a loss. It is your responsibility to offset this loss if your order is canceled and your funds are returned. If this happens you will pay for the loss caused by a decline in the price of gold after a sale is made plus a cancellation fee of $35.00. This is our market loss policy.

To remain transparent and protect ourselves from risk we might require credit card information from every customer even if payment will be received through a different channel. We also will ask for immediate confirmation of the amount locked in. This gives us an avenue to compensate ourselves for losses in the event a customer places an order and then fails to pay.

However, if the price of bullion coins and bars stays the same, we usually don’t enforce our market loss policy because we don’t incur losses. If the price goes down we charge a market loss fee which is equal to the amount BULLIONTRADING LLC would have lost because of the unpaid order.


Bullion Trading LLC only accepts payments in the form of bank transfers, certified checks or personal checks. The method you use to pay us is determined by the number of bullion coins and bars you are willing to buy from us as follows:

  • Orders ranging from $1,000 to $5,500 should be paid via any option listed above and must be received within 2 business days from the time the order was made.
  • Orders ranging from $5,500.01 to $10,000 should be paid by bank wire, certified check, cashier’s check, money orders, or personal check, and must be received within 2 business days from the time the order was made.
  • Orders ranging from $10,000.01 to $25,000 should be paid by bank wire, certified check, and must be received within 2 business days from the time the order was placed.
  • Over $25,000.01 should be paid by bank wire and must be received within 1 business day from the time the order was placed.

If Using A Credit Card You Are Agreeing To The Following Terms:

  • I understand and agree that should I dispute the credit card charge through my credit card provider, I will have breached the contract as well as committed a credit card fraud.
  • I waive any charge-back rights. In the event of a dispute, and I request for a refund it must be made through the Bullion Trading LLC Arbitration Procedure described herein under Bullion Trading LLC.
  • Dispute resolution: I understand that all sales are final. There are NO EXCHANGES or REFUNDS.
  • I cannot receive a refund from Bullion Trading LLC, nor can I request the funds from my credit card company.
  • I also agree to waive any charge-back rights in the event of a dispute.


You agree that you have sufficient experience and knowledge to make informed decisions to purchase from and/or sell to BULLION TRADING LLC. You openly acknowledge that you are making all of your decisions in connection with purchases and/or sales. BULLION TRADING LLC is not making any decision on your behalf concerning purchases and sales.

You also openly acknowledge that you are subject to a variety of risks that are beyond the control of BULLION TRADING LLC. You openly acknowledge that BULLION TRADING LLC is not liable or responsible for the risks you incur while trading with us. Those risks include, without limitation, risks associated with the price volatility of bullion coins and bars. Market conditions or other disruptions such as technical problems may make it impossible for you to liquidate bullion coins and bars bought from us. You have the freedom to liquid the coins and bars at market prices acceptable to you.


All investments involve risk – bullion coins and bars are no exception. The value of bullion coins (e.g., American Eagles or Maple Leafs) is affected by many economic factors. The current market price of bullion coins and bars is determined by perceived scarcity and other factors. Some of these factors include quality, current demand, and general market sentiment.

The price of bullion coins and bars keeps on fluctuating and this means that they are not a suitable investment for everyone. Since all investments, including bullion coins and bars, can decline in value, you should make an informed decision. It is a good idea to have adequate cash reserves and disposable income before investing in bullion coins and bars.


You shall indemnify and absolve BULLION TRADING LLC and its affiliates, directors, officers, and shareholders collectively. You agree to compensate the indemnified parties for and against any costs, damages, expenses, liabilities, and obligations. They include without limitation to reasonable attorney fees that the Indemnified Parties may incur as a result of, or in connection with:

(a) Any breach of any representation or warranty made by you to BULLION TRADING LLC or,

(b) Failure to comply with these terms and conditions or the policies adopted by BULLION TRADING LLC.


You acknowledge that you are subject to the limitations of liability contained in these terms and conditions, the disclaimer, and other policies adopted by BULLION TRADING LLC.

If you suffer indirect, punitive, or speculative damages BULLION TRADING LLC is not liable to you. Any transaction between us and you pursuant to these terms and conditions, and any liability of BULLION TRADING LLC to you shall be limited to:

(a) The amount, if any, that you paid in such transaction or,

(b) $100 compensation. We are not, in any event, liable for any indirect, punitive, or speculative damages.


BULLION TRADING LLC has adopted a Privacy Policy that is included in these terms and conditions. Our privacy policy protects your identity and credit card information.

BULLION TRADING LLC privacy policies are found in the Disclaimer, Ordering Policy, and the protection of credit card information. These terms and conditions may be updated from time to time depending on the market forces and the legal landscape.


Upon any failure by you to comply with your obligations to BULLION TRADING LLC, the company shall pursue the rights and the remedies available to us. Either by law, through equity, or otherwise. It includes without limitation rights and remedies under these terms and conditions.

Breaching our rights may make BULLION TRADING LLC turn your account over to a collection agency, or a lawyer for collection. BULLION TRADING LLC will not fail in exercising any rights or pursuing any remedies in the case we suffer losses or damages.

Note: Failure by you to comply with these terms and conditions, may make BULLION TRADING LLC charge the credit card on which you have provided. This includes without limitation any and all market losses incurred by BULLION TRADING LLC, including cancellation fees, for ordering and then canceling at the last minute. You openly authorize BULLION TRADING LLC to charge your credit card for all losses caused by you violating our ordering policy.


BULLION TRADING LLC is an authorized dealer and a professional organization. We maintain a professional relationship with all our clients. We don’t enter into relationships such as agent-principal relationships, employee-employer relationships, franchisee-franchisor relationships, joint venture relationships, and partnership relationships with our clients.


You cannot forfeit these terms and conditions, your rights, or your obligations as they apply without the prior written consent from BULLION TRADING LLC. You may be granted permission to forfeit your rights or it may be withheld by BULLION TRADING LLC at its sole discretion. These terms and conditions shall be binding to all parties that trade with BULLION TRADING LLC.


If you violate these terms and conditions BULLION TRADING LLC will take action against you. It may include without limitation, turning your account over to a collection agency, or a lawyer for collection. You shall pay all of the costs and the expenses incurred by BULLION TRADING LLC, including without limitation to reasonable attorney’s fees.


BULLION TRADING LLC maintains professional relationships with clients. This is why we make sure that any grievances are resolved expeditiously. We agree that all disagreements and disputes with our clients should be resolved in accordance with the provisions below.

Because we value the relationship with our clients, we opt for arbitration or mediation as a channel for dispute resolution instead of going straight to state/federal courts. However, if arbitration or mediation fails, we may be forced to take legal action in state/federal courts in the State of New York.


These terms and conditions are governed by and interpreted in accordance with the laws of the State of New York. These terms and conditions do not take into consideration the possible violation of laws in other jurisdictions.




If BULLION TRADING LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, the company shall be excused and shall not be liable for any damages as a result of, or in connection with, such delays, or such failures.


You shall sign and avail other documents, or take actions that assist BULLION TRADING LLC in enforcing the provisions of these terms and conditions.


Except as provided in these terms and conditions, all notices, and other communications to BULLION TRADING LLC shall be directed to it at 20 West 47th Street Lower Level #24, New York, NY 10036. All notices and other communications to you shall be sent by BULLION TRADING LLC, to the address that you provided to us at the time of your registration, or to the email address that you provided to us at the time of your registration.


BULLION TRADING LLC may record phone conversations between you and company agents or representatives. You consent to the recording of such phone conversations.


A decision or a failure by BULLION TRADING LLC to take action with respect to any non-compliance with these terms and conditions does not affect the ability of the company to enforce the terms and conditions with respect to other violations. Whether the violations are similar or dissimilar in nature.