Fake Physical Gold are coming as per WhatsApp University messages. What is the way out?
18th February 2026.
Fake Physical Gold are coming as per WhatsApp University messages. What is the way out?
Dear Fellow Travellers,
Namaste! We always recommend everything Physical be it assets or anything else over virtual assets. Looking at our attitude – some friends have sent me the Videos of how fake gold is being made and sold. I don’t know how far that is true. But I have a way out. Let us understand – 3 most important rules of money.
Three very important rules of MONEY: -
1. Making Money is a SKILL.
2. Keeping Money is a Discipline.
3. Multiplying money is an ART.
Investment can only come if you have money. It means you have the skills to make the money. Now, you are at the most important factor – Discipline.
Now, the DISCIPLINE itself says life is not EASY post making money. You have to be 100 times alert before you invest your hard earned money. Investors want EASINESS over SIMPLE ways to manage the money.
Those who want EASY WAY OUT in managing their money – lose their money sooner than later.
Let us understand what a GOLD SMITH DOES when you go and sell your GOLD purchased from him?
1. He will thoroughly check your gold or gold ornaments before quoting a buy back price.
2. He will check the SKIN of your gold in Karatmeter.
3. To make things more sure – he will melt it and get the overall report of the total gold.
4. Once he is satisfied – he will give you the quote.
You may be an old client but he will follow the above procedure every time they buy the gold from you.
What they do with you – you do with them: -
You also follow the same procedure when you buy. You randomly MELT one of the piece of your jewellery to verify his claim. You can also melt your GOLD bar and confirm from a reputed refinery.
What’s the problem with such a simple way of buying?
People feel it’s too much pain to do all the above. They prefer ETFs and Digital Gold. Now, ETF AMCs also keep the gold in physical form in BANK LOCKER. They have the certificate to back their claim of GOLD UNITS they sold to you.
What has happened in India in the past?
1. Harshad Mehta used fake BANKERS RECEIPT to generate the fake money to fuel Teji in 1992.
2. Satyam used FAKE FD receipts to show the bank balance and it turned out ZERO.
3. NSEL scam used the fake GODOWN receipts to claim the goods that have.
4. In January 2025 – TRUMP announced an audit of gold in FORTNOX. One year is over but the results are not out yet. Conspiracy theorists say they sold the gold and replaced it with Yellow BARS. Some also say they have generated lien on the same 20 times the real gold. God knows the facts.
5. Study the best of the scams and you will find that BIG 4 accounting companies have audited their accounts and still the scam has come. Satyam auditor was PWC.
6. Forget about the corporates and auditors - our Government has done the cheating with the GOLD BOND investors. They removed the TAX advantage of secondary market buyers.
7. We have seen 2 times demonetisation. First, they had proof that PAKISTAN was printing our notes. But what explanation did they give for Rs.2000 notes? None.
The simple point is - DON'T TRUST ANYBODY with your INVESTMENTS. Be HARD NOSED.
What is my personal advice?
You can trust anybody with your MONEY in today's life. The golden rule according to me is – give a friendly loan to the extent you can suffer the losses ( in case money does not come back) without spoiling the relationships.
But in case of INVESTMENTS – don’t trust anybody. Because – investments will decide your wealth growth and financial independence in the days to come.
What NEXT?
French Writer BALZAC had said beautiful statements in some of his novels – behind every great wealth there is a great crime.
Look at EPSTEIN FILES and you will come to know that how mean were the top and so called rich and reputed people were with the normal people.
The main point is – it’s your PUNYA to accumulate a certain amount of wealth. Now, it’s your responsibility to be DISCIPLINED with it.
Do whatever you feel appropriate for you.
Follow me on Twitter @hiteshmparikh / Whats
Learn a Lesson. Live with Passion & Invest with Reason.
Hitesh Parikh.
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