Investors with SoCal gold firm lose their retirement savings
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Now, we see where the money went, into marketing materials and commissions, sadly. It frustrates me, because we are so regulated and we see people in person, and we can only put 10% in alternative funds, even high end real estate trusts, which is a protection for all of us. Then on TV, they tell people to roll their IRA into gold/silver, which could be 100% in gold. Then watching this, they do all this and don’t have to be registered? You have got to be kidding. I’m a series 6,63,65,7 licensed plus self study CWS designation. They regulate us to death, and the investments we offer, ARE REAL, UGH, OUT LOUD. I’m so sick of scammers and just as sick that laws seem to encourage it, if you’re crooked enough to figure it out, so sad !
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Never risk more than you can afford to lose !
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That's like the equivalent of a woman working for a military medical team, and the car in perfect condition for 800 on fb marketplace turning out to be a scam
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It’s really sad and scary
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Srry sir but you won’t be getting that money back u got scammed lol
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This happens every time the gold price surges. When the price goes up, ponzi schemes collapse because they cannot afford to cash out or buy gold for people that want out at those higher prices.
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Interesting. I read that one of the ways you can invest in precious metals is to buy it online and keep them in a safe location somewhere else, and it would be smart to do the same for different places so as to not keep your eggs in one basket should one fail. I think they were just following one of those rules, buying online, but they put it all in one place which wasn't smart. If one fails, you shouldn't have to worry about never retiring or worrying about next month's rent.
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“Let the buyer, beware.”
This has to be relearned in every generation.
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Jews
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How dumb are these people?
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A fool and their money…
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😂
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My Nigerian Prince must have some phone issues. I can't seem to get a hold of him.
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Why do people fall for these groups?! Why buy gold that someone else holds for you?
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A wise man once made this statement "Any foul can make a fortune,, But it takes a man of brains to hold onto it" —- Cornelius Vanderbilt
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Only a foul would allow someone else to manage there money in today's day and age
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If you’re not physically holding the gold, it’s likely to be stolen.
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If you don't hold it.. you dont own it..
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Sorry bud. Packaging is everything when it comes to deception, sorry for your experience and loss that's horrible.
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The thing about investing is that, like how a bank maintains a physical cash reserve (what’s in the vault), each citizen needs to earmark a portion of their wealth in a physical form in their own possession that won’t disappear if:
– The banks collapse
– Merchant card processors go offline (no debit/credit card transactions)
– The real estate market collapses
– Local, regional, national, or international data centers, fiber, or satellite communications goes down.Assume at any moment that a natural disaster, a run on the bank, a nasty supply chain interruption, or some other unforeseen situation will knock your household back to just what you physically have on your person and within your home’s four walls. If you think like that, and you set aside enough to get through at least until your next paycheck, you’re already ahead of the curve.
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Idiot paid for an expensive brochure.
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Always hold the stuff.
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Always, always, always, always buy physical gold or silver. That is a major point of buying precious metals, to have it physically in your possession. Anything else is just too much of a risk.
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Buy phisical gold and silver from a local dealer and have them prove to you it is real right before you buy it…They will test it right in front of you….
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Thats why costco bullion sold out idiots
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Your money is GONE!!! YOU'VE BEEN FOOLED !!!😢😢😅
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Don’t ever trust a companies reviews on their own website
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See,, That's why we have to do business the OLD WAY,,,,,, You bring in the Cash,, He brings in the GOLD,, You sit at a table and make a receipt, hand written. It's 21st century so tape or or video it,, blah blah, have a few witnesses and Poof,,, ur done. Kinda crazy to have gold sitting around ur house though, esp. these days.
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,Madoff rises again!
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