Ten more bars of fake gold have shown up. The story is here. They are limited to PAMP bars, which are issued in France.
Federal agents are investigating the peddling of bogus gold bars in Midtown.
The Post has learned as many as 10 fake gold bars — made up mostly of relatively worthless tungsten — were sold recently to unsuspecting dealers in Manhattan’s Midtown Diamond District.
The price of gold has risen more than 600 percent since January 2000, while the S&P 500 index is down 0.6 percent over the same period.
The report goes on to say: “The 10-oz. gold bars are hugely popular with Main Street investors, and it is not known how many of the fake gold bars were sold to dealers — or if any fake bars were purchased by the public.” On the contrary, gold coins are popular with Main Street investors. Gold ETFs are popular on Wall Street.
Buy gold coins from a dealer who has been around for a decade. The coins are safe.