Gold Selling Scams in Sydney: How to Avoid Them
Selling gold can be a great way to make extra money, but there are some risks involved, especially with scams. If you live in Sydney and are thinking about selling gold, it’s important to be aware of common scams and learn how to protect yourself. 1. Common Gold Selling Scams Here are some scams to watch out for: Fake Buyers : Some buyers will pretend to be interested in your gold but disappear once they have it, leaving you with no payment. Lowball Offers : Some buyers will offer much less than what your gold is worth. They rely on you not knowing the market price. Fake Weighing Scales : Scammers may use tampered scales that show your gold weighs less than it actually does, so they can pay you less. Unlicensed Buyers : Dealing with unlicensed gold buyers is risky. They may not follow proper laws, which means you could get cheated or scammed. 2. How to Spot a Scam To avoid getting scammed, look out for these warning signs: No License : Always ask to see the buyer's license. Legit...