Does the BHM (black hawk mines) Commodities and Gold Fraud Prevention can possibly work?

Investments in commodities and precious metals can be made indirectly through stocks, mutual funds, ETFs, or derivatives or people can directly buy or sell the commodity or precious metal itself. Commodities may include crude oil, coal, sugar, coffee beans, wheat and other goods.   Precious metals are gold, silver or platinum.  Interest in precious metals has increased in recent years as the price of gold and silver has reached all-time highs. 

These commodities and gold are bought by investors primarily to hedge against inflation, economic uncertainty, and foreign exchange risk, in the belief that these metals, particularly gold, are repositories of absolute value, whereas paper currencies and securities dominated in such currencies have relative value and are vulnerable to loss.  The high value of gold and commodities lead to easy money for scammers.  It attracts more vigorously of fraudulent activity. 

 

There are many types of common tricks that are actually uncommon to ordinary people: 

a.       Cash for gold

b.      High-yield investment programs

c.       Advance fee fraud

d.      Gold dust sellers

e.      Counterfeit gold coins

f.        Gold Party Scam

New report shows an increase in investment fraud scheme.  If someone asks you to engage in big investments and big payment up-front and you are unsure of their identity, be very cautious.  Be extra careful to those people promising you a 20-25% result.  More often than not most promising deals are created just to attract potential victims.