Iran’s Gold Union Warns: Don’t Fall for 'Gold Leasing' Scams

Experts in Iran are telling people to be careful with new schemes that promise high returns on gold investments.

Gold experts in Iran have issued a warning today. They are telling people to watch out for 'gold leasing' schemes. So, what is gold leasing? It is a setup where you give your gold to a company or a person. They promise to pay you back in interest or extra gold for letting them use your stash. The gold union says these deals are very risky. They are worried that many of these businesses are not trustworthy. If you hand over your gold, you might never see it again. Right now, many people in Iran are trying to save their money by buying gold. This is because the value of the local money keeps…