CFTC Issues Consumer Advisory Alerting Public to Possible Precious Metals Fraud (Press Release)

CFTC Press Release 6172-12

The CFTC issued a Consumer Advisory warning the public to beware of promises of easy profits to be made from rising prices in gold, silver, platinum, palladium, and other precious metals. The Advisory also recommends that the public be alert to companies that sell investments in precious metals based on sales pitches claiming that a person can make a lot of money, with little risk, by purchasing metals through a financing agreement. The Advisory describes how some precious metals companies may use fraudulent tactics to induce customers to invest.