Stay Alert For The New Gold Bar Scam In Minnesota

This isn't good. A new scam has popped up in Minnesota and unlike most other scams these days, this one happens in person. That means it's nearly impossible to find the scammer and to get your money back.

The Baxter Police Department issued a warning on social media the other day, warning residents about a gold bar courier scam - one they say has already impacted people in the area.

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Baxter is just a few hours from the Duluth area. This scam could pop up anywhere in the state now, as scammers are likely moving out of the Baxter area now that they've been somewhat busted.

This scam really is no laughing matter. A few years ago, a similar scam was reported in Wisconsin. People lost out on so much money that the FBI got involved.

Minnesota Police Department Warns Of Gold Bar Courier Scam - Beware!

So how does it work? According to the Baxter Police Department, scammers are targeting older adults, who are more likely to fall for this scam, and convincing them to cash out their money and buy gold bars instead.

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This is where the scary part comes in. From there, the person being scammed is asked to bring the gold to a public location so it can be handled. However, we all know what really happens: scammers take it overseas and it is now hard to track and in their hands forever.

If you have people in your life that may fall for this scam, be sure to tell them about it. Obviously you should consult your bank or local police department if you get a request like this. It can be hard to spot a scam these days!

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I wouldn't even know where to buy a bar of gold. And scammers are getting more sophisticated with every passing day. Plus, when scammers act like something is urgent it creates panic and caution flies out the window.