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Gold Rush Fever Hits Arizona as Prices Surge, Spokane Pawn Shops Warn of Fake Gold Scams

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Published on April 29, 2025
Gold Rush Fever Hits Arizona as Prices Surge, Spokane Pawn Shops Warn of Fake Gold ScamsSource: Unsplash / {Jingming Pan}

As gold prices soar above $3,300 an ounce, the allure of striking it rich has captured the imaginations and ambitions of many, particularly in Arizona, a state known for its hidden treasures just beneath its arid soil. According to FOX 10 Phoenix, prospector Raw of Pay Streak Gold Panning & Prospecting Adventures believes that, while you might not stumble upon a million-dollar find, there are indeed "pretty nice pieces out here."

Despite the optimism broadcast through Arizona's geographical generosity with gold presence, pawn shops have recently been cautioning against a less shiny truth. Specifically, in Spokane, pawn shop owners are warning the public about fake gold scams aimed at quickly and deceptively parting the good Samaritans from their dollars. As KREM reports, Axel's Pawn Shop owner, Dug Karlson, had to inform several customers that their precious commodities were worthless imitations.

Raw, who took to the fields of San Domingo just outside Morristown, embodies an essence of that eternally human quest for wealth and adventure. His toolkit includes a bucket and a fine-tuned eye for dark, densely packed gravel – the harbingers of gold. "You’re looking for dark gravel, distinguish between dark and wet," Raw explained, emphasizing the necessity of the material's density.

Conversely, back in the urban sprawl, the challenges of authenticity have nothing to do with nature's riddles but rather with human deceit, as a mere glance or the heft of a piece of jewelry is often enough for experienced eyes like Karlson's to detect a forgery. "When they came in, I didn't even have to acid test them. I can tell," Karlson said, attesting to his expertise and the gravity of the situation.