[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_column_text]The scam usually works like this:
The “trader” will attract numerous “buyers” who are merely shills. This gives a public appearance of the metal being easily saleable at premium prices (up to Rs500,000 for an old spoon (that’s 9,000 USD)).
Interested parties will come forward with their old cutlery and request that they have it appraised and if interested, that the “trader” might purchase it.
The “trader” will respond that he’s had a major crisis of some kind and is no longer buying but instead needs to sell his stock at bargain basement prices.
The target, believing there is a ready market, will leap at the opportunity at making a quick profit and snaps up the “bargain”.
The advent of the Internet has enabled this scam to flourish as “traders” flood forums and business directories, making it look like a vibrant and respectable industry.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]