7 Shocking Raw Gold Scams to Avoid When Buying Gold 💰 Buying raw gold in Nigeria can create exciting opportunities for investors seeking tangible assets, but it can also expose an unprepared buyer to serious financial, legal, technical, and security risks. Gold has attracted investors for centuries because it is a physical commodity with recognized value across international markets. Nigeria also has significant gold-producing areas, creating interest among traders, investors, mineral dealers, and people looking for alternative ways to preserve capital. However, buying raw gold in Nigeria is fundamentally different from purchasing professionally refined and certified gold bullion. Raw gold may appear attractive because it can come directly from mining or mineral-producing areas. But raw nuggets, gold dust, concentrates, and unrefined material can contain other metals, minerals, moisture, slag, and impurities.