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Gold dust sellers – This scam persuades an investor to purchase a trial quantity of real gold, then eventually delivers brass filings or similar. Counterfeit gold coins. Shares in fraudulent mining companies with no gold reserves, or potential of finding gold. For example, the Bre-X scandal in 1997.
Raw gold is any gold alloy in its natural state. Because raw gold is a natural substance (found in nature), it is not pure gold, but rather a high gold content precious metal alloy. Gold nuggets, gold flakes and gold dust are types of raw gold.
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