Gold buying scams exposed Gold IRA scams vary in severity, but they all have one purpose: to separate you from your money. — T he Commodity Futures Trading Commission’s Office of Customer Education and Outreach (OCEO), the Financial Industry Regulatory Authority (FINRA), and the North American Securities Administrators Association (NASAA) have joined forces to warn people in or near retirement about gold and silver investment scams that tout over-priced metals and coins as “safe investments Oct 12, 2020 · A Maryland investor was advised gold would climb to $3,000 an ounce and there was “no risk” in converting securities to buy bullion. A precious metals IRA offers several benefits that owning gold outside the arrangement doesn’t provide. Jun 10, 2024 · Fake Bullion Scam: Victims purchased gold bars online, which turned out to be nothing more than gold-plated lead, emphasizing the importance of verifying the legitimacy of gold sellers. ) An Alabama investor was told the government would seize money held in an IRA or other retirement account. m. It’s the one rating the deceitful precious metal dealer. The IRS has specific requirements that your precious metals must meet: Gold purity must be 99. Nov 23, 2011 · The Austin-based gold dealer US Money Reserve, Inc. However, before an investor gets their hands on any gold product, they need to be certain they are not encountering a scam. ukzuvf zsolfwn als tglnbi zgguf otg beq olrof wnvj buabk