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Fake Gold Scam: Be Smart, Be Careful!

Marta
Oct 24, 2020
Fake gold scam: be smart, be careful!

Hard times breed hard scams. One making the rounds: the gas-station gold ring. Here’s how it works — and how not to fall for it.

How they scam you

A stranger approaches at a gas station: he must reach another city, has no money for gas — sometimes with a “wife and kid” in the car for effect. He offers his gold ring, stamped 14K or 18K, asking $300; good negotiators get it for $50.

The trick: stamp or not, the ring isn’t gold at all — usually copper, which wears gold’s colour convincingly. Not even plated. Pure fake.

How to protect yourself

  • Never buy gold at gas stations, on the street, or anywhere but specialized stores
  • Buying from a small jeweller? Check reviews first — make sure it’s legitimate
  • Remember the oldest rule: there’s no such thing as a $50 gold ring

Why the stamp means nothing here: scammers stamp copper freely — marks cost nothing to fake. Only testing tells metal from theatre.

Bought something you’re unsure about? Bring it in — we’ll test it honestly and free, whatever the answer.

Marta

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