Watch out for Fake Gold and Silver coins from China

Chinese counterfeiters are second to none , they are the world masters in counterfeiting everything on the surface of the earth and of course they do counterfeit Gold and Silver coins and bars too , fake gold and silver coins are big business. and it is getting bigger with the price of the precious metals soaring , Indeed with Spot Silver prices rising the Chinese and others are cranking out millions of fake coins...I mean millions and the fakes are getting so good even advanced dealers and graders are being fooled! Many of these so called replicas "I'd say MOST" are unmarked and are outright dangerous.There a few things that will help you detect that they're fakes . They are even now making fake junk Quarters and Dimes. It's very lucrative for them .There are even better fakes that use 90% Silver, but they are not used on junk coins due to production costs. Only buy higher dollar coins from a reputable dealer, in PCGS, NGC, ICG or ANACS slabs!
NEVER FROM CHINA...Unless you want a few fake specimens, which isn't a bad idea.my role of thumb is avoid anything Made in China and not just for gold and silver



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Perth Mint - 10 Kilo Silver Bullion Coin

I just bought mine and won't open it up just keep it sealed so if I sell it the buyer will get it just as I did from the Perth Mint. Check it out on Ebay. I wish the video included the pressing, and wonder what the other "hours" of work to make the coin perfect. I guess polishing etc. I had the ten kilo tiger but sold it, so had to hop right over to the rabbit. My listing is under RICKSNEWSTORE on Ebay.I am glad Europeans appreciate enjoy these stunning minted works of art. American coin collectors are so cynical about these things. All they care about is investment...not the beauty of the coin. If the price is more than a few bucks over melt, US coin collectors are ready criticize.


A spectacular investment coin weighing 10 kilograms has been released by The Perth Mint. Made from 99.9% pure silver, the large Australian Lunar bullion release celebrates the 2011 Year of the Rabbit. This video shows part of the production process involved in making such a large Australian legal tender coin. Limited to a maximum mintage of 500, it can be purchased at http://www.perthmintbullion.com while stocks last.

Gold Rises As Greece Parliament Approves Austerity

Gold traded higher for a second day in a raw on news that the Greek Government accepted the austerity measures despite the overwhelming rejection of the IMF and EU plan by the Greek population .that is obviously a great news for the Gold and silver but especially for the Euro which rallied against the US dollar . Tim Harvey, Senior VP at ETF Securities, says that Gold is a dollar hedge not an inflation hedge , he expects the Gold to trade higher in the near future




These manipulated modestly low silver prices are getting annoying. Either they let go of the chains and leave it to the free market, or they suppress it down to $25, JP Morgue makes the switch from all short to all long on silver, and then we all watch the price skyrocket.

I understand that these flat, low silver prices are good for industry, especially for solar panel manufacturers, but its really not worth it. They should bring it down to $25 let all industries buy all of the silver they’ll ever need for the next 100 years, then let it skyrocket.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)