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As Some Predict a 500 Percent Surge in Gold, Beware the Rise in Scams


The European bank and financial services company Societe Generale predicts that gold could surge as much as 500 percent in the near future. Of course, with an increase in value comes an increase in fraud.

“Societe Generale is 'enthusiastic on gold' -- so much so that in their latest cross-asset strategy report, they call 'buy gold ahead of QE3' their number one strategy, saying it's 'the perfect asset to benefit' from additional loose monetary policy,” writes Business Insider’s Matthew Boesler.

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