“If you don’t know gold, you’d better know your gold dealer,” Stuppler emphasized.  He is from the Temecula, California–based Professional Numismatists Guild (PNG) which was founded in 1955.

Recently published in Coin Update and following the recent fraud charges filed by the Commodity Futures Trading Commission against a California gold seller, a trade group composed of veteran precious-metals experts is urging investors to take important steps before making any purchases of gold, silver, or platinum bullion coins or ingots.

“To avoid paying too much when you buy, or receiving too little when you sell, and to avoid potential scams, investors absolutely must know the credentials of the bullion dealer—not just what the dealer may tout on TV advertisements or with a fancy website,” cautioned Barry Stuppler of Woodland Hills, California, president of the nonprofit Professional Numismatists Guild.

 

Source: Professional Numismatists Guild offers three expert tips to avoid gold scams | Coin Update