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Gold, Precious Metal Prices Soar, But Beware Of Fraud

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Michelle deBoer-Jones
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This is part three of a series on some of Wall Street's biggest frauds and how to avoid them. Click here for part one on the "Wolf of Wall Street" and microcap stocks. Click here for part two on pre-IPO scams.

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Gold
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Precious metals fraud is one type of fraud that doesn't capture a lot of headlines. However, it has caught the attention of the Commodity Futures Trading Commission (CFTC), and it does happen. Given the rally in gold and other precious metal prices right now, it seems like a good time to warn investors to watch out for fraudsters looking to take advantage of increased interest caused by the higher prices.

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.