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The attention of the Precious Minerals Marketing Company Limited (PMMC) has been drawn to new tactics deployed by gold scammers to defraud unsuspecting victims of their hard-earned money.

The general public is hereby advised to be wary of the activities of gold scammers who present fake photos and videos of gold available for sale. Some of these eventually turn out to be gold plated tungsten. Using the fake pictures and videos, the gold scammers then convince victims to provide huge amounts of money for the purpose of transporting the gold from the mining sites or specific locations to Accra for the said sale transaction.

Once the money for the supposed transportation of the gold is received by the scammers, various excuses are now given as reasons for their failure to deliver the gold to Accra. The scammers use these excuses to claim more money to facilitate delivery of the gold.

In addition to this tactic, scammers also export some grams or a kilo of gold, purposely to win the confidence and trust of their victims and also to prove their ostensible capacity to supply larger quantities. Once the victim’s trust is won, demands for huge sums of money are made, after which the fraudsters disappear, leaving their victims frustrated.

The general public, particularly individuals interested in the purchase of gold, is hereby advised to be extremely cautious so as not to fall prey to these fraudulent schemes. Prospective gold buyers are also encouraged to conduct due diligence to ensure they are getting value for money. At all times, the usual caveat emptor precautions should be adhered to.

Prospective gold buyers are therefore advised to contact PMMC, the only recognized National Assayer to supervise their gold purchase transactions.

You can always contact PMMC via its website: www.pmmc.gov.gh or email through info@pmmc.gov.gh, or telephone 030 295 3279/ 030 295 3284

Dated this 13th day of June, 2022 at Diamond House, Accra.

SIGNED
Nana Akwasi Awuah
Managing Director

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