US Gold Scam Targets Vulnerable with Fake Agents

A sophisticated scam has emerged in the US, targeting individuals by convincing them to convert their cash savings into gold bars and then handing them over to scammers posing as federal agents. This scam has intensified with the rise in gold prices, resulting in Americans losing approximately $126 million in 2024 alone. Victims, including a 79-year-old Vietnam veteran, Kris Owen, are tricked through fake pop-up messages and fraudulent communications urging urgent action to protect their assets. The FBI has highlighted the intricate nature of these scams, which often involve fake letters from purported federal agencies and the use of couriers to collect the gold. While the scam is spreading across the nation, law enforcement is working to combat this growing threat. Historical accounts affirm that the US gold reserves are secure and regularly audited, highlighting the ongoing concern over gold-related scams and schemes.