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: Trading
in precious metals is a highly speculative industry. As with CURRENCY
TRADING, an investor in precious metals must be
acutely aware of all events and world conditions affecting the value of the
metals from day to day, or even from hour to hour. Additionally, precious
metals are available in different forms, such as powder or bars, and different
grades of refinement. Each form is affected differently by international
market activity.
: In
the UNDERGROUND
NETWORK phony trading in precious metals is a favorite
pastime. The most common metal trades attempted are in gold,
with a smattering of platinum deals thrown in for good measure.
Gold
deals, or transactions, are offered for bars, ore, and powder. The bars
are always offered in their purest form. Ore and powder are supposedly
available directly from the mines, and may have been refined to a certain
extent.
This is frequently a Nigerian scam.
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