Gold, Precious Metal Prices Soar, But Beware Of Fraud

This is part three of a series on some of Wall Street’s biggest frauds and how to avoid them. Click here for part one on the “Wolf of Wall Street” and microcap stocks. Click here for part two on pre-IPO scams.

Q2 hedge fund letters, conference, scoops etc

Precious metals fraud is one type of fraud that doesn’t capture a lot of headlines. However, it has caught the attention of the Commodity Futures Trading Commission (CFTC), and it does happen. Given the rally in gold and other precious metal prices right now, it seems like a good time to warn investors to watch out for fraudsters looking to take advantage of increased interest caused by the higher prices.