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The Gold and Precious Metals Division of the Federation of Egyptian Industries warned against buying gold through unverified apps and platforms. Buyers may not actually own the gold, and there may be no adequate guarantees that they can retrieve it—or get their money back—if the platform shuts down. The division advised consumers to buy from well-known shops and dealers, take physical delivery of the gold, check its karat and hallmark, and obtain an itemized invoice. For online purchases, it urged consumers to use the pages of shops with physical locations and reliable information, and to avoid sellers whose identities are unknown.
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