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Home>Market Analysis>High-quality counterfeit gold bars sold in Winnipeg and other Canadian cities

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High-quality counterfeit gold bars sold in Winnipeg and other Canadian cities

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Chris Powell

GATA

Published : December 24th, 2016

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FOLLOW : Bars Canada Canadian Counterfeit Counterfeit Gold Gold Perth Mint Police Switzerland

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Category : Market Analysis


	http://www.cbc.ca/news/canada/manitoba/counte...-bars-1.3911346 If you're planning on buying gold bars anytime soon, Winnipeg police are advising extra caution after a series of "suspicious transactions" at locations in the city. The transactions took place Nov. 30 at a number of pawn shops and gold buyers, police said, involving the sale or pawning of counterfeit one-ounce gold bars. Six of the bars were exchanged in Winnipeg for just under $5,000. City police said officers in other Canadian cities also investigated similar incidents. Police said the bars and packaging were very high-quality counterfeits. They were bearing either Perth Mint or PAMP (Produits Artistiques Métaux Précieux -- Switzerland) stamps. Police say anyone purchasing a similar bar should take extra steps to ensure its authenticity.

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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