gold mining scams

Top Gold Scams in How to Avoid Gold Investment ScammingGold scams have existed for thousands of years, but they are not as easy to spot today as they were back then. Technology, complex paperwork and various IRS loopholes have helped scammers raise their game and lure hardworking investors into thinking that the scammers offer is safe and legit

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Mining scandals: four incidents that shook the industryBreXs fake gold mine. In 1989, Canadian businessmen David Walsh founded the BreX mining company, which would find itself at the centre of a scandal so infamous it inspired the 2016 film Gold. In 1993, the company bought land near the Busang River on the Indonesian island of Borneo on the recommendation of geologist John Felderhof, and

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How to avoid being caught in a common gold scam MINING.COM 20, 2012 · The gold scammers claim to be established gold merchants or mining companies. They claim to be in possession of large quantities of gold dust or gold bars, which they offer to sell at below market

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The GEMHUNTER Mining Scams &Stories"A gold mine is a hole in the ground with a liar standing over it" k Twain. For me, I loved investigating mining scams. Most were totally outrageous and perpetrated by people with little prospecting and mining experience.

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Mining Investment Scams Fraud GuidesMining scams are just like all the other scams involving investmentsthey use the promise of big returns and deception to lure you in. No industry is immune to investment scams, including Mining. Theres a long and sordid history of mining investment scams.

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Gold Scams, Frauds, Fakes and Scammers Zen GoldAs one of the fastest growing Gold companies in Europe and the Worlds largest Gold fraud /scam resource we get 10+ offers a DAY. Weve had every gold scam tried on us time and time again. We have lists of 1000s of fraudulent companies and individuals, we couldnt hope to list them all here.

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Mining stock fraud: an old trick that still works 10, 2009 · But according to the author of a 2007 study on preciousmetals mining scams, gold mining investment fraud is in a league all its own. Theres nothing in the world that makes people suspend their critical judgment more quickly than gold, said Thomas Naylor, a McGill University economics professor who authored the study.

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All about African gold deals, scams, fraud and reality about Gold dust, gold nuggets, gold dore bars, FCO, [LOI][], POP, POF, MT103, MTN, bank guarantees, SBLC, letters of credit, Aurum Utalium, Aurum Uranium, reliable, reputable, gold mining communities, and so on, all that is the terminology belonging to the virtual pretended market place as built by many of the fraudulent criminals from Africa and as

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How to Recognize Mining Fraud INNLessons from the worlds biggest mining scam Court proceedings by classaction litigants against BreX reveal a number of basic warning signs about the companys Busang gold project in

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Gold miningbeware of scams 21, 2018 · Just a lil video on gold mining scams and things to look out for. Where there is gold there is always someone trying to take your money. Don't fall for "great offer, get rich fast, double your

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  • Classic Gold Scams SchiffGoldCLASSIC GOLD SCAMS AND HOW TO AVOID THEM 1888GOLD160 (18884653160) For more information about buying silver coins and bullion at competitive prices, visit

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    The BreX Gold Scandal, History and ResourcesJul 03, 2019 · The collapse of BreX cast a cloud over the gold mining industry that lasted into the next century. David Walsh decamped to the Bahamas, where he died of an aneurysm in 1998. BreX's chief geologist, John Felderhof, eventually went on trial in Canada but was acquitted of securities fraud in July 2007.

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    Mining scandals: four incidents that shook the industryBreXs fake gold mine. In 1989, Canadian businessmen David Walsh founded the BreX mining company, which would find itself at the centre of a scandal so infamous it inspired the 2016 film Gold. In 1993, the company bought land near the Busang River on the Indonesian island of Borneo on the recommendation of geologist John Felderhof, and

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    EXPOSING GOLD FRAUD AND GOLD SCAMS 04, 2018 · Gold dust, gold nuggets, gold dore bars, FCO, LOI, POP, POF, MT103, MTN, bank guarantees, SBLC, letters of credit, Aurum Utalium, Aurum Uranium, reliable, reputable, gold mining communities, and

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    Gold Mining Scam Oregon GoldThe whole scheme was a very ambitious operation and will go down as one of, if not thee most infamous gold mining schemes in Oregon history. Tags: David Ross Nonnemaker , gold mining , Gold Mining Con Man , Gold Mining Scam , Linn County Gold Mining , Mining Scam , Quartzville , Quartzville Con Man , Quartzville Scam

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    Gold Garbbage Scams New and Old Mine Engineer.ComBehind almost every mining scam is a professional person gone haywire, in this case an assayer. All sorts of associates get dragged into the circle. Another scam, the multibillion dollar BreX disaster, with something like 42,000 salted samples, began with a spoonful of coppergold shavings in one drill core sample.

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    Mining stock fraud: an old trick that still works 10, 2009 · But according to the author of a 2007 study on preciousmetals mining scams, gold mining investment fraud is in a league all its own. Theres nothing in the world that makes people suspend their critical judgment more quickly than gold, said Thomas Naylor, a McGill University economics professor who authored the study.

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    Mining Scams AZGSPrerequisite to the investment in the development of a mineral deposit is legal access to the resource. The potential investor should know who ultimately owns or administers the subject mineral property and commodity. The property may be controlled by the State, Federal Government, Indian tribe, or a private individual or organization. Moreover, jurisdiction over the land surface may be separate from the jurisdiction of the underlying mineral resource. Where ownership or control of the mineral rights is severed from the surface rights, obvious legal problems can arise. If a mining claim or prospecting permit for minerals is not legitimate, the money invested is wasted from the beginning. In addition, the investor should understand basic differences between leasable and locatable minerals and lode and placer deposits. These classifications determine the type of mining agreement and/or claim established on the resource. Very specific requirements must be met and procedures followed to

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    Perhaps the next major consideration in evaluating a mineral investment is the sample and assay data. One sample does not make a mine. A person who brings a rock that contains two ounces of gold per ton, to an investor, may be carrying the entire mine in his hand. One such highgrade ore specimen is not representative of the deposit. Many samples, commonly numbering in the thousands, are required to give a reasonably accurate measure of the tenor, or quality, and tonnage of the ore. Depending on the configuration and geologic setting of a mineral deposit, there are recommended scientific procedures to follow and methods to use to properly sample the mineralization. The investor should be satisfied that the samples referred to by the mine promoter were collected specifically from the property of interest and also that they were collected in a proper way. The sampling method should be adequately described and each sample site precisely located, preferably on a map. It is important not

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    A degree of skepticism should also be reserved for ores said to contain uncommon metals or minerals. Because of their rarity, these substances may command a very high price and are therefore extremely attractive to the investor. The platinumgroup metals including platinum, palladium, rhodium, ruthenium, iridium, and osmium, are the darlings of the swindler. Considering their high unitvalue, even minute amounts of these metals appear to be a reasonably good bet to the innocent investor. The problem here is usually the grade or tonnage, or a combination of both. The amount of platinum, for example, is generally too low to realistically consider extraction, or the tonnage is almost limited to a hand specimen. As a primary ore, platinum has never been mined in Arizonaits only production has come from trace amounts recovered in the final stage of refining copper ores. The geologic environment of Arizona, diverse as it is, does not encourage the search for platinumgroup metals, graph

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    As plans are drawn to mine an ore deposit, proposals are made which frequently are misinformed and illadvised. There are innumerable examples of deep shafts and long adits driven to nowhere. Many of these openings have been cut at great expense and with little or no evidence to suggest they would meet success. An example of a mining scheme which can be described at best as ignorant was recently sold to a number of investors in the Chemehuevis Placer District, near Lake Havasu City, Arizona. The plan called for an investor to purchase a plot of ground 60 x 120 feet in size from which 8,000 cubic yards of unconsolidated goldbearing gravel would be dug and treated. In order to recover 8,000 cubic yards of gravel from this plot, the excavation would require vertical walls, 30 feet deep! Since loose gravel cannot be mined at a slope exceeding its natural angle of repose, approximately 45 degrees, the maximum amount of material that an investor could ideally and safely expect to obtain

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    There is a tendency among many of us to want to build. We want others to see our accomplishments. To some degree this attitude explains why a mine tunnel is begun with little justification. The same propensity for building might explain why a mineral processing mill is erected or a leaching facility is frequently constructed without any obvious sign of ore. Another reason these engineering marvels are installed is due to their impressiveness. The humming, turning, grinding, and screeching of equipment and the smoke and odors of a mine plant are exciting to the potential investor. He sees industry in action his money at work and profits just around the corner. Unfortunately, however, he is commonly one of a multitude who has emptied his pockets for a pipe dream. With a paltry amount of ore stockpiled, a dump laden with debris, or an old mine map showing the "lost"ore body, the developer spends the last dime of every investor getting ready to treat the mineralrich rock. The $500

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    Even when good ore exists, the treatment facility is often poorly designed. Frequently its component parts are improperly matched or not sized adequately. Materials handling procedures are commonly cumbersome and energy intensive. An adequate supply of water may be lacking. Hazardous operating conditions may be present. These circumstances are a few costly examples that can shut a plant down abruptly. The recovery process is in many cases a mystery to the investor. Technological methods vary according to the metal or mineral recovered. In addition there are many variants based on the size of the mineral component, its gangue association, its state of chemical alteration, the hardness and specific gravity of the ore, permeability of the ore, and a myriad of other factors. The milling and metallurgical treatment of ores is comprised of both physical and chemical means of beneficiation. These processes though technically sound and well understood by the professional are frequently vagu

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    A host of other factors should be evaluated by the prospective investor before spending money on a mine or a beneficiation plant. Proper permitting must be obtained at various stages of development from local, state, and federal authorities. In addition to routine reports required by certain government agencies, internal reports generated for management and for the investors should be factual, accurate, and timely.

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    Onsite security should be adequate to protect expensive equipment and supplies as well as the mine or plant product. Of course appropriate security measures must be taken also whenever the product, especially a highvalue material such as bullion, is transported from the treatment facility. Acceptable safety procedures must be implemented and must be adhered to rigidly from the start to finish of any operation. Even after termination of operations, it is imperative that hazardous materials be properly disposed of and unsafe conditions, such as open shafts, be resolved.

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    Proposed or actual marketing of the mine or mill product should be reviewed thoroughly by the investor. There may be assessed charges for further treatment of the product. There may be byproduct credits returned to the miner. The investor should also be aware of the involvement of any intermediate sales agents and their remuneration.

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    Another obvious consideration is the distribution of profits. What liens, including ownership royalties, loan payments, and rental fees, must be deducted from the gross to determine the net profit? Are estimates of operating expenses and proforma statements realistic? The investor should be satisfied with the form of payment whether it is in cash, stock, or inkind.

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    5 Sleazy Gold Coin Scams TheStreetNov 22, 2010 · Here are five of the most common and most damaging gold scams out there right now plus 3 safe ways to invest in gold. Gold Scam No. 1: Grading Games. The Coin Con: In gold coins, MS70 is the

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    Heres how to avoid being caught in mining scams MINING.COMJul 26, 2017 · The course, also available online, might have even prevented investors from falling for some of the worst mining scams, such as Canadas BreX Minerals, which shook Bay Street in the 1990s when

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    Cryptogold Review Kryptogold Mining and Related Scams Jul 06, 2018 · Cryptogold (English domain), Cryptogold.de (German domain), Kryptogold and any of the associated web domains are nothing but hyip scams. There is nothing like this site mining Cryptocurrency of your choice in the cloud.

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    Gold Coin Scams Target Older Americans Costing Them MillionsJul 29, 2016 · Reports of gold and silver scams fell significantly in 2014 and 2015, when metal prices sank. It's hard to find reliable overall national statistics, but a 2014 report from the U.S. Senate Special Committee on Aging estimated that more than 10,000 Americans have been victimized by precious metals cons, with losses of around $300 million.

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    The reallife story &ampBreX gold scandal that inspired 27, 2017 · BreX is the Canadian gold mining stock of the century, having gone from 30 cents to $170 in two years, and made past Canadian plays like Hemlo, Stikine and Golden Star seem sadly insubstantial.

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    ARIZONA MINING SCAMS AND UNASSAYABLE ORE PROJECTS OF THE LATE Fraud or misrepresentation involving mining schemes has occurred for centuries. Although some of the cited cases are more than a few decades old, most correspond to the high gold prices of the mid1980s and the stock market declines of the late 1980s.

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    Cryptogold Review Kryptogold Mining and Related Scams Jul 06, 2018 · Cryptogold (English domain), Cryptogold.de (German domain), Kryptogold and any of the associated web domains are nothing but hyip scams. There is nothing like this site mining Cryptocurrency of your choice in the cloud.

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    20 or 40 acre Colorado Gold Mining Claim Lands of America20 or 40 acre Colorado Gold Mining Claim with Creek. This is a legally registered, 20 acre gold Mining Claim for sale. Total price of $1500. A signed contract will precede payment. I am a retired teacher, and got into prospecting as a hobby with my family.

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    5 Sleazy Gold Coin Scams TheStreetNov 22, 2010 · Here are five of the most common and most damaging gold scams out there right now plus 3 safe ways to invest in gold. Gold Scam No. 1: Grading Games. The Coin Con: In gold coins, MS70 is the

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    20 or 40 acre Colorado Gold Mining Claim Lands of America20 or 40 acre Colorado Gold Mining Claim with Creek. This is a legally registered, 20 acre gold Mining Claim for sale. Total price of $1500. A signed contract will precede payment. I am a retired teacher, and got into prospecting as a hobby with my family.

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    Gold Coin Scams Target Older Americans Costing Them MillionsJul 29, 2016 · Reports of gold and silver scams fell significantly in 2014 and 2015, when metal prices sank. It's hard to find reliable overall national statistics, but a 2014 report from the U.S. Senate Special Committee on Aging estimated that more than 10,000 Americans have been victimized by precious metals cons, with losses of around $300 million.

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    The GEMHUNTER Mining Scams &Stories"A gold mine is a hole in the ground with a liar standing over it" k Twain. For me, I loved investigating mining scams. Most were totally outrageous and perpetrated by people with little prospecting and mining experience.

    Live Chat

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