In fact, this method has little benefit but many risks, especially for the buyer because of the risk of encountering fake SJC gold.
It is very difficult to distinguish between fake and real SJC gold bars - Photo: TDP
It is difficult to distinguish fake SJC gold with the naked eye.
The price of SJC gold bars today, February 5, reached 91 million VND/tael. The difference between the buying and selling price is up to 3 million VND/tael, so many people think of a way to sell gold online and the two sides split the difference. However, in reality, this method has little benefit but a lot of risk, especially for the buyer because of the risk of encountering fake SJC gold.
According to Tuoi Tre Online , on gold buying and selling groups, many gold holders are selling.
A series of advertisements for selling SJC gold bars in the form of "hand-over" on groups - Screenshot
As in the group "Buy, sell, exchange SJC gold bars, 9999 gold, DOJI, BTMC, PNJ", just today, many people have posted ads such as: "I have a small amount of this, direct transaction in Xuan Dinh, Hanoi. Anyone who needs it, please message me", or "I'm selling 5 Bao Tin Minh Chau bars".
Another account in Ho Chi Minh City advertised to sell a quantity of SJC gold bars and said that he had bought them at Vietcombank before, with papers, for 90 million VND, which is 2 million VND higher than the price that gold companies are buying.
Another case in District 11, Ho Chi Minh City, advertised 5 taels of PNJ gold for sale, the difference was cut in half according to the price listed on the website... According to records, most of the cases were advertised at a price much higher than the listed buying price at gold companies but... lower than the selling price at gold companies. This is what makes many people intend to buy gold at "online markets".
However, according to experts, careful consideration is needed because of the risk of counterfeit gold, fake gold...
Risk of buying fake SJC gold
The SJC gold piece was discovered to be fake gold and SJC Company had "punched holes" on the gold piece (two parallel lines above the gold piece) - Photo: TDP
According to Tuoi Tre Online 's research, fake SJC gold is still real gold but is not produced by SJC Company.
This gold piece is a copy of the packaging in terms of size, font size, embossing, etc. It is over 90% similar to the SJC gold piece produced, so it is very difficult to distinguish with the naked eye, especially for people who are not in the gold business.
Some large gold companies said that during the purchasing process, they still discovered fake SJC brand gold bars. There were cases where fake gold bars were discovered because SJC Company had not produced the serial number printed on the gold bar and the gold bar had been cut at the edge of the bag, replaced with fake SJC brand gold bars.
According to expert Tran Duy Phuong, although the fake SJC gold bars are real gold, they are not produced by SJC Company. Previously, when the price difference between SJC gold bars and 9999 gold prices reached tens of millions of VND/tael, fake gold appeared on the market and many people bought fake gold without knowing it.
So far, these fake SJC gold bars are still floating on the market. Many fakes are so sophisticated that they can even fool some gold shops.
"Many people think that buying second-hand gold and splitting the difference in half will "save" 1-1.5 million VND/tael. But the value of one tael of gold is currently very high, up to 91 million VND/tael. Therefore, consumers should not make such a trade, because the benefits are not yet seen but the risks are lurking.
Many cases were brought to SJC Company for sale and the company discovered that the fake gold had holes punched in the gold pieces, and even reported it to the police," said Mr. Phuong.
You should buy gold bars at reputable places to avoid encountering fake gold - Photo: THANH HIEP
In fact, even though SJC Company has switched to anti-counterfeit packaging, there are times when fake SJC gold still appears due to the trick of cutting the anti-counterfeit packaging to put fake gold pieces in, or making fake molds and producing fake SJC brand gold...
Previously, SJC Company also recommended that consumers should only buy gold at reputable stores. Buyers must request an invoice with the serial number clearly stated so that they can make a complaint in case of problems.
According to experts, gold is a valuable asset. Buying and selling by negotiation is very easy to get caught in the act because of the sophisticated situation of fake SJC gold (ie real gold bars with four 9s but not produced by SJC Company). In addition, there is the risk of buying fake gold or gold of the wrong age.
According to gold shops, the gold bars are so sophisticatedly imitated that it is difficult to distinguish between real and fake gold bars with the naked eye because the design and weight are almost the same. Even the differences that could previously help identify fake gold have gradually been overcome. Therefore, even professional inspectors still "slip through".
Tuoi Tre Online once received a complaint from Ms. VT when she brought a piece of SJC gold purchased from another gold company to sell at SJC Company and was informed that this was not a piece of gold produced by the company. SJC also required a hole to be punched on the gold piece or would notify the police.
Luckily, she still had the invoice, which clearly stated the serial number of the gold piece, so she contacted the company where she bought the gold piece to request a representative to resolve the issue. The company that sold her the gold later agreed to buy back her gold piece. However, if it was a hand-to-hand purchase, it is likely that the gold owner like Ms. VT would not be so lucky.
Please follow the domestic gold price developments here.
Illegal gold counterfeit branded goldSource: https://tuoitre.vn/mua-vang-tren-hoi-nhom-cua-doi-chenh-lech-nguy-co-gap-vang-nhai-sjc-20250205212719545.htm
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