buy gold scam Archives

Fake Gold Scam websites

Whether asking people to buy the Fake Gold Scam websites products is on the rise and more funds are lost to scammers every day.

You will think people will be wiser but greed and ignorance always get to them.

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This post is about helping you avoid getting scammed when buying Gold either in person or online. Our main focus is buying gold in Africa where there’s abundance.

Buy Gold scam : Fake Gold Scam websites

Buy Gold Scam simplified by paceoff.com with a special focus on Africa. We will be looking Gold scam in Africa and in the course of this paragraph will explain how it all unfolds. Staying safe while buying Gold in Africa is our top priority which is why we have made it our business to help buyers worldwide.

This is one of our most important posts for there are people who think it is impossible to fall for the buy Gold scam. We are here to educate you so you do not make a mistake. There are lots of intelligent people in the world. They’ve repeatedly proven their smarts by being amazingly successful, building up a significant amount of personal wealth, and making savvy decisions in their careers and life. However, amazingly, even these folks can be duped in scams that in hindsight seem so obvious, but at the time seem so attractive and worthwhile to pursue.

That has been the case with buy gold scams. For centuries gold has driven people to take risks they wouldn’t even consider for other assets or even people. And when one gets offered a sizable stake in the precious metal, many are willing to take a jump at gold in ways that put themselves on the line considerably.

African Fake Gold scam

It is no secret that there’s gold in Africa and many mines that have not even been claimed yet and because of corruption the prices are very low. This will explain why the standards of living in gold producing areas of Africa is very low. Many travel from afar to Africa to buy gold at prices way below the normal market rates.

Most of these gold are conflict gold and in areas controlled by rebels and insurgents. Dealing with these people is profitable but also very risky as you can lose everything. It is always advisable to buy from legit known sources.

While many are looking to take advantage of these low gold prices, others are looking to rip them off. The African Gold market is a playground for scammers. They have hijacked the market and now make it very difficult for you to find a real dealer.

A majority of real gold vendors in Africa do not have websites and are not computer savvy. Scammers have taken advantage of this and created websites and social media accounts using their names. You can find these fraudsters on Facebook, Instagram, LinkedIn offering gold dore bars, gold dust and diamonds at very cheap rates. Targeting buyers looking for cheap prices is their specialty and most times succeed.

How gold scammers operate

We might explain in a thousand words how to avoid Gold scams but nothing to prepare you when you meet these scammers. They have many ways to scam you and it will be luck if you escape. However, there are many red flags during conversations with these people, and if you are vigilant enough to avoid them.

Every businessman is driven by profit-making what the scammers are looking to take advantage of. To the scammers, offering good deals to buyers is the game changer and even the biggest of the elites have fallen for these scams.

For those looking to buy gold online, the scam is different as most times the scammers will tell you to either pay for a Safe Keeping Fee or buy a Buyer Permit. The case is however different for those who come to Africa to buy directly from these scammers.

The scammers bring gold bars to client meetings to convince people. And there’s nothing like the gleam of real gold in sizable amounts to get peoples’ attention. These samples are usually borrowed from corrupt government officials who also sometimes in on the scam.

Some scammers have even been known to bring the gold in armored vehicles with authentic documents all to fool the buyer. Seeing all this with the government officials vouching for the scammer will convince the buyer and that is how the buy Gold scam works.

How the scam works

Identifying a scammer is not easy especially if you are new to the African gold market. Like every other thing you are buying though be wary of cheap prices. This is the first way the scammers tries to get your attention. Upon contact, they offer you very good terms for taking the gold and paying after receiving and testing it. The only thing they require though is for you to contact the Ministry of Mines and get a Buyers Permit.

As soon as you get the Buyers Permit which usually costs from $2,500 to $7,500, they ship the gold using some fake courier. A tracking number will be provided but you will be later called by the courier to pay extra fees. These fees are sometimes Insurance, Safekeeping fees, and taxes, it never ends.

How to buy gold safely

paceoff.com exposing Fake Gold Scam websites and helping buyers meet real vendors in Africa. The best way to buy gold safely is by reading reviews, asking questions and learning from successful buyers before you. Our website features all that a forum where you can meet buyers, interact and share experiences. You can even send private messages.

We have done extensive research, met with vendors and buyers alike now confidently tell you information we provide is 100% accurate. If you are looking to buy Gold from Africa then we will point you in the right direction. Send inquiries today and get the list of genuine gold vendors in Africa to avoid Fake Gold Scam websites. You can also go to our review page, see the vendors for yourself then make a choice.

How to stop the Buy Gold scam

Most of these scammers work with government officials hence stopping this business can be very difficult. However, reporting these cases to us will help you get your money back and help others from falling into the same trap.

Always write a review or read reviews if you are looking to avoid buying a Gold scam. These reviews go a long way to educate people and make things very difficult for scammers. It is a small effort but enough to put an end to this very bad practice.

How to buy Gold and avoid scams

We cannot look at how to buy Gold and avoid scams without telling you how it works. Our main focus will be the African Gold scam paceoff.com.

Giving you insight on how to successfully buy gold in Africa without getting scammed. Scammers claiming to sell Gold in Africa have been around for decades and sometimes it beats us how people still fall for it.

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These individuals target innocent individuals looking to invest in either gold mining or buy gold directly. It is very common hence we are ready to tell you how to avoid it. We can do this through reviews and encounters with some of these vendors. There are times we contact them just to know how they operate and if they have come up with new strategies.

We will be looking at how to buy gold and avoid scams under the following headings;

How the scam works
Victims of the Gold Scam
How to spot a scam
What to do if you have been scammed

How the buy gold scam works: How to buy Gold and avoid scams

First you go online looking to buy gold and stumble on fraudsters posing as legitimate gold traders. What they use to attract you is their low prices. If they are selling they sell very low and if they are buying will buy at a very high price above market value. Because you are in Europe buying in Africa, they usually ask for an advance fee. This system was a little bit slow since no one was willing to pay in advance hence the scammers came up with another idea which is the Buyers Permit.

In this scam, you get the buyer’s Permit from the Ministry of Mines which will be used to ship the gold. The scammers claim they cannot sell out of the country without this permit. Once you get the permit, they ask for a delivery fee, and after that continue to ask for more money until you can’t give any more. This type of scam is mostly common in Cameroon.

Others will invite you to their country, show you real samples and after you pay disappear with no trace. This is mostly common in East Africa precisely Kenya.

Victims of the Gold Scam

Anyone can be a victim of the buy gold scam hence you shouldn’t be too hard on yourself. However, you can easily spot these scams if you are not blown away by the idea of making too much profit. The scammers target unsuspecting people who could be individuals or even big corporations looking to invest in Gold.

You find them online looking for people who want to make money fast. People with very little knowledge of the gold market and how it functions.

How to spot a gold scam

Whether you are looking to buy gold dore bars, bullion, or coins, there’s always a chance the person you are talking to is a scammer. This is why you have to be very careful and vigilant. If something is too good to be true then it is probably a scam and we say this with regards to the price. Sometimes scammers sell a kilogram of gold for as low as $17,000. This always attracts unsuspecting buyers who end up losing money.

Another thing to spot is the Buyers Permit. Scammers will send you to a fake Ministry of Mines Website that sells a Buyers Permit. These websites will verify their existence and tell you to go ahead with the transaction. Be careful for there’s nothing like a Buyers Permit. You do not need a permit to buy gold from any part of the world. Always check the reference websites they give you for most are fake. They clone the websites of the real institution and use them to verify their legitimacy.

If you notice any of the above, then stop all communications with them immediately. Do not end there, report them to us, and share their emails, phone numbers,s and other info so others won’t fall victim.

What to do if you have been scammed

If you were scammed trying to buy gold from Africa there are things you can do to get back part of your money. The first of which is to report to the authorities or your Embassy in the country you were scammed. They will easily know where to report the case and have the scammers arrested.

The scammers will try to convince you there’s nothing you can do Some will even threaten to arrest or kidnap but stay steadfast and report to the authorities. You can also contact us if you do not know what to do. Simply send us their information and we will do the rest all free.