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Cramer Warns on Gold Scams

With the economy in decline, and the price of gold above $960 per ounce on February 25, demand for gold is on the rise. It’s a big topic these days and one I’m focusing on more and more on Mad Money. So I’m going to spend the next few days here talking about the gold market; how to buy gold, where your best options lie, and how to avoid scams when trading in gold.

Gold has been around for centuries, ever since the first gold coins were made by King Croesus of Lydia around 560 B.C.

I wonder how old King Croesus would have felt about selling his precious currency to an outfit like “Cash4Gold.com.”

These guys are priceless and … read more ->

Beware of Gold Buying Scams

With unemployment up, the price of gold hitting $1000 an ounce in the last thirty days, and many people outright “spooked” by the economy, you may be thinking it’s a good time to unload some gold jewelry.  Maybe a few rings from your college years?  A necklace from the 1980’s that just isn’t in style anymore?  Or even a family heirloom that you’ve never been fond of.  If that’s what you’re thinking, then there are lots of people ready to talk to you.  Unfortunately, not all of them are scupulous.

Scammers are on the gold-buying circuit, promising everything from “the highest per ounce price being paid” to “overnight cash back.”  ”It’s easy,” they say, to “turn Jewelry into CASH” like … read more ->