🔒 Goldsmith in Malaysia Loses RM40,000 After Being Cheated by Customer
A seasoned goldsmith in Jitra, Malaysia lost nearly RM40,000 after a customer sold him gold bars that were later found to be mixed with tungsten and other metals — causing a significant financial loss when smelting revealed they were not pure gold.
• The 55-year-old goldsmith bought gold bars purportedly from a customer, only to discover after melting that the gold was adulterated with tungsten, a common metal used in frauds.
• The loss occurred about two years ago, but the goldsmith shared the story now as a cautionary lesson for others in the trade.
• Tungsten is often used in scams because its density is very close to gold — making fake bars hard to detect without testing. Experts warn that online gold purchases carry higher risk.
Smelting and refining are complex; impurities or fake metals can cause huge losses. This case highlights the importance of advanced testing and cautious sourcing when buying gold — especially from individual sellers.
#Goldsmith #FraudAlert #GoldMarket #ScamAwareness #MalaysiaNews $XAU
$PAXG