Wednesday, September 19, 2012

Rising retail demand for gold spawns fraud

The Fed's recent announcement of new monetary expansion has sparked increased demand for gold - particularly at the retail level. The number of shares outstanding for SPDR Gold Trust (GLD) has spiked again.

Shares outstanding of GLD (Bloomberg)

And with stronger retail demand come increased chances of fraud. This case of fake gold bars is especially shrewd.

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Source: Fox News
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