Numismaster recently highlighted some of the pitfalls of precious metal IRA accounts, including one instance where multiple cases of Silver Eagles in an unallocated storage pool turned out to be fake, and one account owner got stuck with the short straw.

CHINA - A Chinese farmer has been convicted this week for swindling more than 2 million Yuan (£200,000) from the unwitting public, using fake currency and gold.

The woman, named as Wang Fengying, had posed as a Qing dynasty princess in a year-long scam in China, reported People's Daily Online.

BELLBROOK, OH - An Ohio coin dealer reports receiving eight counterfeit American Eagle 1-ounce gold bullion coins of different dates from among 120 coins submitted by a New York dealer.

CZECH REPUBLIC - An ongoing investigation into tax evasion on precious metals has uncovered a group of people selling fake gold bars, with damages so far at more than 1.4 million Kč [$575,000] although is is expected to be higher as more victims are found.

PCGS President Don Willis introduces the newest PCGS coin holder and talks about how technology is being utilized to fight counterfeiters.

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