Common Gold Scams To Avoid | Andy Schectman

TO BUY GOLD & SILVER, contact Andy's firm at info@milesfranklin.com

In response to strong audience demand for it, precious metals expert Andy Schectman and I conducted a livestream this morning discussing the top scams and fraudulent practices prevalent in the gold & silver industry.

Andy shared the warning signs to look out for, as well as what to do if you or a loved one suspects you’re the victim of one of these rip-offs.

It’s sad that such an important asset class is tarnished by fraudsters. But as Andy says, forewarned is forearmed.

To listen to the replay of the livestream, click here or on the video below.

FYI: if you’re looking to purchase bullion online, Thoughtful Money recommends Miles Franklin, co-founded, owned and operated by Andy. The firm has been in operation since 1989, and is a full-service precious metals broker with a mission to educate the masses on the benefits & principles of sound money and deliver fair pricing.

Given the important of the partnership between Thoughtful Money and his firm, Andy himself has offered to give Thoughtful Money followers the “white glove” treatment. So if you’re interested in learning more about their services, email them directly at info@milesfranklin.com and Andy or one of his lieutenants will give you personal attention, answer all your questions and work to get you the products that best meets your needs at the best possible price.

#goldprice #silverprice #preciousmetals

0:00 - Gold and silver IRA scam details
15:00 - Emergence and detection of scams
20:14 - Confronting scam companies and recovery
23:18 - Handling obscure coins
26:44 - Guidelines for safe gold/silver buying
29:54 - IRA self-custody and storage risks
41:05 - Miles Franklin’s storage solutions
45:03 - Bullion taxation and reporting
58:38 - Junk silver handling and value
1:03:27 - Silver’s generational potential
1:21:32 - Closing and viewer guidance
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