Beware of fake gold scam

http://www.youtube.com/watch?v=2fS1rcE_yCc 

I have been been bullish on gold as a hedge against currency debasement--long before most retail investors.  As the price of gold rises, expect more fake gold scams, with retail jewelry being the largest target.  The guest interviewee is wrong on fake gold bars though--there have been cases of tungsten-filled fake gold bars being exposed at some smelters, which I blogged about last year.  Click here for the blog entry and watch the video.

As an investor, your best bet to owning physical bullion is to buy sovereign gold and silver coins, such as the American Eagle series or the Canadian Maple Leaf.  These coins from their respective national mints should be the most difficult to counterfeit, are recognized as having monetary value worldwide, and therefore highly liquid.

See the disclaimers in the side bar.

Disclosure:  long physical gold and silver coins.