Buyer Beware: Fake Silver On the Market Now

Author: Mac Slavo- February 24th, 2011
8 Comments

As the price of precious metals sky rockets the world over, enterprising counterfeiters in China are jumping on the bandwagon. Being proponents of owning precious metals, especially in smaller denomination recognizable coins and currency, we wanted to alert our readers about what’s happening in the physical silver and gold markets and how taking some extra precautions may be warranted now that everyone’s getting gold and silver fever.

The following alert was sent to us by Sherri Questioning All and has been republished with her permission: http://sherriequestioningall.blogspot.com/

(Video report available below)

I had posted about how Tungsten is up 70% http://sherriequestioningall.blogspot.c ... organ.html in the last year and inserted a video showing fake gold and a video with David Morgan of Silver-Investor discussing fake gold and silver. http://www.silver-investor.com/ Last week during the interview David Morgan did with me, he talked about fake gold and silver possibly being on the market, besides other information about it. He also said in the interview, if there will be any fake silver coins they will fake the old coins and not new ones. http://sherriequestioningall.blogspot.c ... 21711.html WOW – he got that one exactly right!

Gold has been a given in regards to possibly being fake due to the price of it! It is well worth an organization (ie: Fed, govt) to fake besides the price, they are pretending there is much more gold than there really is.

With silver, the cost of faking it compared to the cost of the metal itself has not made it such a likely candidate as gold is. But times have been changing and in my opinion will be really changing in the not too distant future! In fact this next month – March, there will hopefully be fireworks going off at the Comex. http://sherriequestioningall.blogspot.c ... comex.html The physical Silver market is tight, all the experts are saying that. So it was simply a matter of time before fake silver began getting on the market.

We did not have to wait too long, Fake Silver is now here!

There is Fake Silver on the market now! http://www.komonews.com/news/local/115789384.html The coins are Morgan Silver Dollars dating all the way back to the 1880′s and are in pawn shops, besides who knows where else! I would assume it is not just the U.S. that has Fake Silver but also other places in the world too.

A pawn shop in Washington State got a shipment of Morgan Silver Dollars in and felt something was not right about them. They called in a policeman, who could not tell what was wrong with them, until he was told they were fake.

The silver has an iron core and so people WILL be able to tell a Fake Silver coin by using a magnet! If a strong magnet is attracted to the coin it is fake! A real silver coin will not attract a magnet but fake ones will! Also a Fake Silver coin will thud when dropped compared to a high pitched ring of a real one, dropped!

ALERT - FAKE Silver Coin and Bars ARE on the Market - Morgan Silver Dollars http://www.shtfplan.com/precious-metals ... w_02242011

The fact that these fakes are popping up in Washington may explain why the Washington legislature is considering a misguided bill that would require a host of personal data to be provided to dealers when buying or selling precious metals: http://www.zerohedge.com/article/prepar ... e-over-100

…seeks to capture “the name, date of birth, sex, height, weight, race, and address and telephone number of the person with whom the transaction is made.â€