Gold prices rose 18 percent this year, and while analysts believe an interest rate hike will cause Gold to stall, people still see it as a good investment but beware.
Gold dealers say there is a lot of fake gold out there.
Gold coins are easy to fake with modern methods, and they are ubiquitous of websites such as Alibaba and eBay.
Experts can evaluate gold coins based on letter impression, color, weight, size, and sound. But buyers can't be sure gold bought from websites meets these tests, according to The Wall Street Journal.
Rick Good spent ten years in the newspaper business, including with The News & Observer (Raleigh, NC) and The Greenville News (Greenville, SC). He co-wrote, with Melinda Coleman, Rutledge to Riley: Governors of South Carolina, 1776–Present (Published by The Greenville News), and is the author of Mind Games Trivia #1 (Amazon). He has recently spent 15 years creating original trivia content through Sounds Good Mobile Entertainment and continues that with his new company, SGME Software. He edits The Smart Reader’s money, real estate, and business coverage.
