Chinese Sell Homes, Borrow to Buy Gold, Silver, But Lose Millions as Sellers Run

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Silver has been wildly sought after, with many borrowing money to invest in it. Some have mortgaged their homes or taken out online loans to stock up on silver bars, betting on further price increases. But the overheated market has given rise to "harvesting" schemes: some merchants are selling fake or low-quality silver products at inflated prices, and once consumers are tricked, it's hard for them to seek compensation. There are also cases where merchants abscond with customers’ money, leaving them with nothing. Behind the frenzy of the market lies a web of risky traps, and these chaotic situations are pushing the market to the brink of danger.

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