Alarming surge in West Aussies buying fool’s gold

Fraud warning from 'gold squad' as price hits new high

Gold buyers are warned to be aware of sophisticated scammers selling counterfeit versions of the precious metal online.

Alarming surge in West Aussies buying fool’s gold

Surging gold prices have hit the Perth Mint with record demand — and a huge spike in fraudsters trying to cash in. Here’s everything you need to know before parting with your cash for gold.

WA Police warn all that glitters is not gold

The Perth Mint is dealing with a spate of scammers imitating its gold. Photo: The Perth Mint. The Perth Mint and WA Police have joined forces to warn customers about the risks of online gold and silver trading as scammers take advantage of historically high prices for the precious metals. Scammers across the state have been exploiting online customers with fake bars by using the high price of one of Western Australia’s most recognisable resource…

WA Police, Perth Mint warn of fake gold bars, coins now being sold

The high price of gold is encouraging scammers to sell fake bars and coins. Image: PublicDomainPictures/pixabay.com WA Police and The Perth Mint say scammers are selling fake gold bars and coins amid historically high demand for the precious metal. WA Mines and Petroleum Minister David Michael says that “we know there are counterfeit products in the market, some with packaging and markings designed to mimic The Perth Mint’s products”. “…