
The second most commonly asked question we receive at Bullion Trading is “how do I know if it’s real?” This is a legitimate concern in this business. Scams in the gold and silver business have been around since ancient times. In 2012, there was a counterfeiting scandal right here in the Diamond District that heightened customer apprehension about being sold fakes. A dealer was sold hollowed-out gold bars that were filled with tungsten, which is the substance closest in density to gold (to the trained expert, it still falls significantly short). When another customer came in to buy gold, he ended up being sold the counterfeits that were in stock. The customer was reimbursed by the dealer and the media […]