Don't Fall For These Gold SCAMS | Andy Schectman

Unfortunately there are scams out there in the gold bullion industry. Some companies will push exotic collector coins promising a huge profit, when in reality, the products are being sold sometimes at multiples of the actual buyback value. If you think you may be getting scammed, it is important to get a second opinion on products before finalizing an order.

While the retail bullion industry is federally unregulated, companies in the state of Minnesota, such as Miles Franklin Precious Metal Investments, are regulated. Miles Franklin is bonded in the state of Minnesota, and every broker must pass a background check to be licensed. Miles Franklin's clients, regardless of what state they are purchasing from, are protected by Minnesota's regulation standards.

This week's Miles Franklin special:
Silver Maple Leaf coins (backdated) - $8.50 over spot
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INTERVIEW TIMELINE:
0:00 Intro
2:49 Gold scams
17:19 Red flags
22:21 Trust your gut
28:26 Dedollarization
46:00 Weekly special
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