Investors with SoCal gold firm lose their retirement savings
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- เผยแพร่เมื่อ 9 ก.ย. 2024
- New complaints are emerging about a Beverly Hills investment firm, Oxford Gold Group, that convinced people around the country to convert large chunks of their retirement funds into gold - and then disappeared. Special investigation by ABC7: abc7.com/post/...
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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@@temmyolarewaju9371 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@FernandoBowen-78 My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@temmyolarewaju9371 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Nah I Can't say I can relate, VICTORIA CARMEN SANTAELLA charge is one-off and pretty reasonable when compared to what I benefit in returns.
If it's not in your hands, you don't own it.
Even if it's in your hands, it could be gold-plated tungsten!
@@d.fenestrator9529 That's why a little knowledge is a must when investing in anything. Any legitimate gold dealer would not sell fake gold or silver.
Sigma verification ALWAYS GUARANTEED ITS REAL
@@d.fenestrator9529 exactly. people are so ignorant.
cheaper to buy a safe
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
And here’s some scammers spamming on a news item about scammers.
Precious metals rule number 1: If you can’t hold it, you don’t own it.
Absolutely.
Can’t hold cryptos, either.
@@tonycrabtree3416cryptos are about the cashless society agenda. Digital money for easier taxation and control
Rule Number Two: If you hold it someone may take it.
@@twiggs24 Gold is easy to Counterfeit
Moral of the story, buy the physical gold yourself.
If I can’t touch it, I don’t want it.
lol that's correct. Buying physical gold is always safer.
🥰👍🏻❤️
I agree with you 100%, the only problem is you can't take physical possession of the metals if you hold them in an IRA.
Be careful. There's a lot of fake gold out there from China and other places.
A photo of "your gold" is proof of nothing. They could sell that same piece of gold to hundreds of people.
There was a farm near Fresno CA in the 80s will sell "a peach tree" to Japanese ppl in japan for about $5000 but include in the price was airfare and a couple night stay hotel ., they had to plant the tree and water it the first day .
It was a killing business , i made a lot tips $ with those ppl 😂😂😂
Fractional reserve banking
Should've bought the gold with pictures of money.
Only the gullible suckers got conned.
@@mdmoz1777underrated comment!
Don’t buy gold contract, buy actual gold coins
Just make sure they are real and not counterfeits made in China.
I agree. I have genuine gold coins filled with chocolate.
@@garyfrancis6193the chocolate filled ones have real value
Exactly right!
Buyer Beware !!
I was about to invest with this company several years ago and my mentor who has been investing in precious metals for 60 + years, said never store your metals with someone else. You don't own it unless you hold it.
I'm glad I listened to him.
Best advice❤❤❤❤..Glad you followed him..
This problem is that with an IRA you cannot hold it yourself - a trustee entity has to be the possessor. That's tricky.
Create your own Trust.
Correct, that is literally one of the main points of investing in metals. These crooks just found a way to turn metals into the usual scam and sell more of it than they have.
Common sense should be common.
People will spend three months, researching kitchen appliances to buy the best one, but spend a few minutes reading a brochure when it comes to investing money that does not make sense
Yeah, some pretty smart people get really weird/dumb when it comes to money. I’ll never understand it.
IT seems like people should get their own lawyer for any kind of these exchanges,, (But, I'm no expert,,,that world seems SO Sketchy
@dastrnad , My wife started a company where she handled real estate, insurance and training. So she had people invest and the company took off. One investor bought a house with their dividends. Another got married and spent over $300k on the wedding. They always told me how much they were making from the dividends. All great right?
Wrong. In the contract it said if wanted capital back, give 3 months notice. Here they come in one month demanding all their invested money back. They heard they could make double, triple their money in a month. Did they check the other company out? No they did not, just sent thousands and thousands of dollars. What they did was send the money to Airbit Club, which was a scam and they lost all their money.
So what happens next? They start coming around demanding my wife refund all the money they lost on Airbit Club. Said it was her fault for not stopping them from investing in Airbit Club.
Same with ♀️
@@dastrnad . That's because they're not that smart to begin with. The problem is that society rewards people with education as opposed to actual intelligence. I have a college degree but never have I considered myself smart or intelligent because of it.
“They sent me pictures of what I bought”..........brilliant.
😂
No didn't you watch? It was TWO really nice pictures! No you don't understand, they were in a folder!
@@incredibleadventures1027 it was 15-20 pages of just high end, you know this is a very nice product!!
Yeah.................................................................................................................................................................................lol
Yeah pictures, right.
It's a real shame this news story didn't report the names of the people who own and ran Oxford Gold.
If it's a legit scam, then it should be easy to catch the masterminds behind it. I'm sure the US Government can arrest them.
Dat mo fo is the big fish
Politicians and big bucks are involved
Ben Shapiro
@@IINVICTA he has birch gold group but I remember other TH-camrs do other companies with similar MO.
Why is this not getting more exposure in the media ? Everyone needs to know about gold scams!
Uhhh.... cause most people don't "invest" their hard earned money into silly things like gold?
@@ec5838 gold is clearly not the issue here. Not have it in Your hands is the issue
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I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Society: "Listen to your elders!"
Elders: "This brochure looks high quality. Lemme dump my life savings there"
The majority of people who raised me are smarter than this, but as people get much older, some do have a diminished mental capacity and are more likely to be hustled by very smart and malicious people
*Some elders.
Boomers are completely incapable of questioning authority. They believe whatever the government/media tells them
Yea, they bought those nice brochures with your money 😮😢.
"I don't care what's going on with your companies..." well that was his first problem right there.
People make these stupid mistakes! If you want gold then buy it yourself. If you can't touch it then you do NOT own it!
Well not necessarily because try that with property that you own and see when you don't pay taxes
Unfortunately if the gold is in a 401K or IRA you are not allowed to have it in your possession.
It’s a classic way that people loose money
@@divergentthg7925halve goes to public education. Absolute theft!!
100% spot on. thats what I do and no problem.
I'd prefer gold etfs for easy diversification and liquidity
I use them too, love the ability to trade like stocks
I prefer gold mining stocks for potential upside and dividend
Gold etfs are great for dollar cost averaging
gold mining stocks are great too, they offer leverage to gold prices. But my advisor and I already agreed to stick with gold ETFs for now atleast
On the topic of advisors, I have been looking for one myself. I would love any recommendations
Do people really think there is a stack of gold in a vault with your name on it! 😂
Not funny
just like crypto
@@toddshaw9441 very funny. And to think these people could be college graduates
@@Pecunia3 so that gives u a right to come on and be a d? Grow up dude
Its been working for years with the government tricking people they have hold reserve in fort Knox 😆
That guy is surprisingly calm about a devastating loss. This is my worst nightmare.
I don't even trust the industry leading Trusts / ETF's (Which are 3rd party audited). I split my my gold holdings between the top 3. I hold some physical too. Plan for failure.
He's sure that it isn't his own fault and that's what people care about more than anything, saving face.
He's a boomer and will still get social security and wouldn't be surprised if he owns a rental property too
@@CommanderRiker0 I've been watching America corrode quite rapidly since 2020 and wouldn't be surprised if the big banks start "losing" peoples' accounts.
Investing in gold may seem like a wise move, but it's crucial for folks to stay sharp when making investment decisions.
Absolutely, gold has always been a reliable asset during economic uncertainty. They made a good decision, but unfortunately with the wrong individuals.
Is gold truly a solid investment? I've heard stories of people losing money due to not understanding the market. Now, still hearing about someone losing their retirement savings is painful.
That's right. Without the right guidance, it's simple to make expensive errors.
Desiree Ruth Hoffman is the mentor you require. Her expertise in financial planning can help you navigate the intricacies. Furthermore, you could search on Google for more information about her.
I've heard of Desiree Ruth Hoffman. Isn't she known for her comprehensive approach to financial planning?
Never buy gold or any metal that you don't physically possess.
Not even SPDR gold shares?
@@dannydaw59 ikr, lol... that's a good buy too right now.
pretty much duhhhhhhhh
NEVER invest in gold you can NEVER touch
ALWAYS BUY PHYSICAL GOLD... ONLY
Exactly!
Buy: gold, the safe to store it in, and the weapons to defend it with.
@@thegoodtom1718 If you cannot find a buyer for gold, then you are living in a time with far more than just financial crisis.
Goldbacks
@sl4983 hgoldback are a gimmick and not worth buying... the channel streetips did a video where he refined them down and found that there is a small amount t of gold used... a fraction of what you would pay for each bill... therefore the only worth is collectabillity
Pretty much there is $10.00 worth of gold on a bill you pay $40-$100 dollars for
Physical gold... 1 Troy ounce is worth about $2800 and will never depreciate, it might fluctuate but never will it depreciate
Need to get the Postal Service Authorities involved, if they're not already involved. Wire fraud, mail fraud. They assisted me in getting a refund from a scammer in California of all places.
Mail fraud will not apply since these people never received any goods (fraudulent or otherwise).
sure. that'll get them a dollar back
WHOA,, they planned to send GOLD through the MAIL?????? WTHell,, GLad im not rich,, must make ya stoodid.
@@beweber6182 Wire fraud, since they used public communications networks across state lines. not much different from mail fraud.
@@beweber6182 It's wire fraud if they use communications infrastructure that crosses state lines. So even if they never sent anything by mail, use of phone and internet to commit a crime is illegal. Also if they sent the promotional material in furtherance of the scam is a crime.
Who is so stupid to purchase precious metal on paper….? People, there’s more metal sold on paper than actually mined out of the ground.
Please don't call hurting people names😟😪🙏.
😂
@@CarolynWheaton It's not a name, it's a fact.
@@Steve-fx2fb facts still hurt 🤕.
@@CarolynWheaton Yeah they do. That's why you listen to them.
Facts don't care about your feelings.
“Wow high quality brochure, 15 pages, here take my money”
If you cannot physically touch and hold it, you are highly probable to lose or not own it.
Good point.
Makes me wanna sell ALLLL my crypto 😂😂
Seriously…
If you don't physically hold it you don't own it.
@@slide5039you can have all your crypto in a ledger and you can wear it around your neck. That’s physical. 😂
Yes, but even with that you don’t know if it’s real gold or not. It could be gold plated tungsten.
The beautifully printed material is the clue something's not quite right
Seriously. I could put together something like that, have it bound nice at VistaPrint or Kinkos and it wouldn't mean I'm a reputable business.
You might even say that ... not all that glisters is gold.
You're really looking for promotion material that's ugly, poorly formatted and full of misspellings. That's how you know they're legit.
@@wrobinnes No. You look for something like a prospectus, that's long, detailed, printed on cheap paper and very very boring.
@@wrobinnesCommodities brokers and licensed gold investment firms do not need to advertise on TH-cam. They don't advertise to consumers.
@4:55 "I may die before I have the ability to retire." Welcome to the real world.
He lived a life in the real world and saved, unlike your broke a$$
I’m fully retired. I retired in 2001 at the age of 46. But I have a real pension because I worked for the government in Texas. And I get a bunch of Social Security. No Walmart for me.
Waa waa waaaaaa...rimshot
@@Cruel_ShoesParasite to society
@@txquartz Played the game & played it better than you .
Ps I'm retired to at the age of 41 now 43
How do you like them apples ??
Isn't it sad and pathetic that, despite a near-limitless amount of resources in the banking, finance, crime and fraud sectors of the United States, not a single State or Federal entity cares and claims to be able to track, seize, and reimburse regular people that have been defrauded (or punish those that have done the defrauding)? If the Government can't do this simple, basic human task, what is it good for?!?!
Stealing wealth from its own citizens to give to foreign invaders while culling its own populations with a certain medical procedure? Censorship? Criminalization of truth?
The damn government is in on it
Agree!!!! It is ridiculous- our government is too busy funding wars
Oxford gold was pushing this scam on every TH-cam channel out there! I always commented they where a bad idea!
You Tube should not be allowed to have these scam ads I get them 95% of the time all scams. "Dude from Harvard discovers blah blah blah". it's criminal
@@user-qn5ty3el5b Yeah but if you criticize Kamala, they'll kick you off for offensive comments for 24 hours.
@@user-qn5ty3el5byup!!!
@@user-qn5ty3el5bif Amazon can be held accountable for faulty products sold on its platform then TH-cam needs to be held responsible for scams that are allowed to advertise on its platform.
i report them ALL THE TIME.... YT does absolutely NOTHING.... but i'm the one that gets comments deleted and 24 hour ban.........
If you don't hold it, you don't own it.
I'm holding it right now. Got to say it feels pretty good.
Exactly .I like to look at it with my own two eyes
@veryslyfox The saying goes for precious metals. Do not trust companies to "hold" your gold for you. The money in your checking account is FDIC insured... the bank goes under you may get some, or all, of you money back. You think the bank has all your money sitting in their vault? go try and withdraw everything in cash. Banks could also limit your withdrawals in times of emergency. How much can you pull out of your ATM in one day... but that's your money, right? Got it? Ok.
Funny thing is. Nowadays if you hold it, you don't own it.
There are companies that have subscription based heated seats. 😂
@veryslyfox No, not really. Your dollar is just a promise. Not backed by precious metals anymore.
Just wait until we go cashless. 😂
Disgusting!! As a business owner the thought of defrauding one of my customers is repugnant to me.
I would sell my own home before I would take an innocent persons money from them , if I had to.
There are soo many people that are all to willing to defraud others with absolutely no remorse.
Exactly! These people will go free! Total trust and confidence 😊in our business relationship is morally corrupt! Better to bug out and wait for the reset rebuild! We are gone as a business safe country
I dont know if id give it to them....but id DEFINITELY share it with them. Id even buy dinner!!
@@ActiveTravelWestUSAthis really truly is the bigger picture! The integrity of this economy has vanished. Nothing but corrupt walking corpses soon to be found out and dealt with.
This should be on mainstream media.
Two things:
1. Gold is not an investment. It is a hedge.
2. If the gold is not in your physical position (in your hand) you do not own it.
Yep gold is a shield not a sword. Defensive only.
@@Ziegfried82 If you want to end up with a million buy a boat for 2
But I did buy gold coins for $1760 a couple years ago. I guess they are worth the same now? Also a Kilo Metelor bar.
My mom was giving me shit for buying gold at 1700, now it's 2400. Idk if should buy more if the fed doesn't raise interest rates, it might take a plunge.
@@Z1d3w1nd3r I consider Gold to be the excess cash parking spot. If I couldn't wait up to 10 years for the gold cycle to TOP, I wouldn't put money into Gold. Gold will be higher in the future, that's a given. Gold probably will decline at some point also so you could probably sell up take your gains and buy back in later, unless your gold is for prepping. Then you should probably hang onto it.
Shame there’s not a real life ‘Beekeeper’ to go after scammers targeting seniors.
Call the "Transporter"
Chuck Norris would get all their money 💰 back single-handedly. Chuck Norris is TOUGH & gets answers. 😁
Beekeeper seems too nice. I prefer Equalizer to take care of those scammers.
Or is there??? Dun, dun, duuuunnnn!
@@jamesessert8175 I did not see that coming.
My heart goes out to the folks who lost all their money!
My heart doesn’t break for gullible idiots🤣🤷♂️
@@jfrog1979lol, was going to say the same. One guy bought for 50k. How can someone with so much money be so dumb? And the government doesn’t do much about it.
@@jfrog1979 Oh the financial JEDI over here.... You think you are immune to the Siths tricks... how you gonna stop the billionaires upward transfer of wealth via privately owned govt and modern monetary theory. Hyper inflation made you its B!tch. You are not immune to capitalist exploitation nor the lower level scams. They are everywhere these daze... even in your grocery store
@@jfrog1979you obviously have no idea how this works. These people rolled existing IRA’s into metals. You cannot take possession of the metal without paying taxes. You never see the money it goes from the IRA to metals company. Same as if you close and IRA you get taxed heavily. This was not a cash for gold deal.
@@TheBooban
Govt itself is running many such scams :
1) lending out the same gold to multiple parties,
2) printing money to cheat the working class and bail out banking crooks and cronies
3) fake inflation numbers (CPI),
4) changing rules and increasing taxes to ensure more and more is taken from the working class.
Canada at the moment has zero gold reserves with some brainless economic advisors having told the govt to sell off all its gold in 2017 at less than 40% half its current price.
He got hypnotized by the pretty brochure. The definition of an adult child
He called the brochure a "very nice product". Ridiculous. That is the only thing he got for his money.
Proof that Scrooge McDuck had the right idea with keeping his gold in a money bin.
...and swimming in it! 🤣🤣🤣
Scrooge McDuck's super power was being able to dive from great height into a voalt full of gold !
That happened to me. For over fifty years I sent money for every hour I worked to a place I thought it was safe just to find out it was squandered by everyone involved. It was sent to the IRS. Precious metals you cannot touch is like buying a car you cannot drive
People are looking for financial safety by buying gold, but then basically give their money away. I don’t get it.
There is a stark difference with gold EFTs, gold investment funds and buying physical gold yourself and holding your own precious metals. You don't need these gold funds to transact gold. Why people would then pay a fee for some company to purchase it for them is beyond me. I've been buying gold, silver and platinum for years from the mint directly. This isn't rocket science.
gold ETF are good too
@@daveb2280How do you store it?
No such thing as financial safety when you give money for other people to supposedly watch it grow after they get their CUT of the money you put in first.
You shouldn't be investing more than 1-2% of your net worth in PM unless you have a solid plan for trading it (meaning you know what you're doing, not just because of what 'some guy on youtube' said to get you to buy gold). Making money speculating on gold is extremely difficult if you don't have a lot of it or the time is right. It's not really a good investment in terms of short term gain, it's more of a hedge against monetary collapse and inflation.
In other words it's peace of mind.
I have a few ounces of gold on hand "just in case" and because I could afford it, not because I think I'm going to get rich off it. Like for example in Weimar Germany it was said that people were buying very desirable property in Berlin for a few ounces of gold. That may happen again, but it probably won't. If it doesn't, I just sell my gold if and when I need money, or pass it on to my heirs and they get a windfall. If it does, well then I win my bet.
If you can afford a few ounces, it's not a bad place to put some cash into it, throw them in a safe, and forget about them until if and when the time comes. Other than that, stick to stocks!
If you are buying gold, I would suggest first, take physical possession versus using a depository. Second, place a modest order first. For example, if you have $50K, maybe place an initial order for $2,000. If all goes well, if the bullion or coins arrive and they are as they were advertised, then consider placing another order...again, modest in size. It's not a bad idea to take the coins to a reputable dealer and have them checked and evaluated. Is it really Gold, or Silver etc... If they are coins, are they REAL vs. a good counterfeit? If all goes well, then consider repeating the process. First, you have the opportunity to potentially benefit from dollar cost averaging as the price of a metal moves up and down versus one big order that hits on a day the market might be way up. Second, you have the chance to be certain it is entirely legitimate before making a large purchase. Finally, avoid anything to do with China or Chinese bullion! There are an incredible number of scams in China.
You forgot the Gold Confiscation Act.
Securing physical gold seems difficult and risky.
@@gregfawcett5152 I assume you're referring to what took place back in the 1930s? You are correct...you cannot necessarily dodge every possible outcome. If I were told I had to turn in my precious metals, I would tell them it was sold and keep it. No, I don't have a receipt. Yes, I probably owe you some tax... again, you cannot cover every potential "what if" scenario.
@@pteranodon6612 Precious metals arrive in unmarked boxes. A good size gun safe or large safe is a worthwhile investment as is coming up with a clever and well hidden spot to put the safe within your home. The BEST insurance is to tell no-one what you are purchasing. It is not something you need to talk about or advertise, even with close family. Discretion goes a long way.
@@mrb5491 there is also civil asset forfeiture
“Look at the brochure….look how nice and shiny it is”.
Thats one very expensive brochure. 🤣
They probably haven't paid the printer either...
I’m the designer that worked on them and they payed me with magic beans. Hopefully by next spring I’ll see the fruit of my labor.
@@DownwardElevator you're the designer, and you can't spell PAID?
SInce Vanguard does not have a "nice and shiny" brochure, this must mean Vanguard is not legitimate - any legitimate financial service company would have a "nice and shiny" brochure
That's where he messed up. You always buy physical gold and silver. Having it written down on paper doesn't mean you actually own it. If you want gold or silver, check your local bullion dealer.
Have you observed the movement in Nvidia's stock this year?
Is that so? What insights led Desiree Ruth Hoffman to make such a prediction?
Desiree Ruth Hoffman possesses a profound comprehension of market dynamics and technological trends. Her foresight is quite remarkable.
Impressive. I should certainly consider consulting Desiree Ruth Hoffman's predictions before making any investment moves.
MicroStrategy outperformed Nvidia
Lol bots having a conversation with each other in here. Can you say her name one more time?
Buying gold coins, but not having gold coins?
Might as well throw your money in the fire.
Everyone wanting to be Jack who traded the cow for a handful of magic beans.
If it is not in your possession, you don't own it.
Does the same hold for stocks and bonds? And the money in your 401(k)? Or in your bank account? Not in your hands so not yours?
@@ceesklumper We are forced via taxation to transact in fiduciary media. You almost have to have a bank account, and to make the money mature, you almost have to have it in financial instruments.
If you were to hold the cash, the govt would continuing chipping away at its purchasing power via intentional credit expansion (inflation). You can only ever own bills, but you never own the value of those bills. Thats owned by the bureaucrats because they are the counterparty. Commodities however, dont have any counterparty. Gold answers to no one.
@@ceesklumper I only keep enough Fiat in the bank to run my business that makes the money. I put money in gold, silver durable goods, foreign property and currency like Swiss Francs and Philippines Peso. As an example, I buy a Toyota Hilux turbo diesel automatic truck in the Philippines for $24k USD and a Toyota Innova turbo diesel automatic car, and each of them would cost at least twice that much in the USA and those cars will last me 30 years. I also have moved my gold and silver out of the USA. Just to get around in the USA for my business I bought a Hyundai Sonata which will depreciate nicely. My 2019 truck which I can no longer depreciate would sell for more than I bought it for because it has less than 7k miles on it. Did you witness the stock market crash? Do you think that's the last that is coming in the near future? Suppose a company goes out of business that you hold stock in? The assets are sold off at pennies on the dollar and you are last in line to get whatever residual is left. The only way you get anything back from a stock you hold is to sell it while someone else is willing to buy. Same thing but on steroids for crypto. Remember Bankman Fried 3 years ago? The value of crypto is not yours until you are out just as you haven't won in Vegas until you have made it out of the casino.
That's why you buy the gold and keep it with you. Never invest.
Yes, that is exactly what I do
But how do you know you don't have gold-plated tungsten?
Yeah buy the gold covered cement bricks. Also keeping gold around the house is a hazard with all the home invasion robberies
Bring it to any refinery its free@@d.fenestrator9529
@@d.fenestrator9529 my gold coins are tested and weighed in front of me. I don't buy bars at all.
Same old scams time and time again....can't believe people still falling for this.
Me either people are getting dumber by the day Lol I’m glad god gave me a brain and show me how to use it .
All it took was a fancy pamphlet to take your savings? 🤦
The government takes our money and it disappears. That's also a scam.
If you can’t hold it, you don’t own it!
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like *Layan Talia Chokr* who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
South America sux
Depository? More like suppository
Brooo😂😂
This comment made me😂😂😂😂
Bend over and grab yer ankles cause you are bouta get fooked😆
More like scammatory.
I’m expecting the tv show: American Greed to investigate this financial crime and have a story on their tv show probably in a few years.
Beware, just because you hold a gold bar does not guarantee it is pure gold. Verify all purchases and buy from reliable vendors.
Or buy gold coins from the US Mint directly.
Exactly right.
I own dividend paying gold stocks on the NYSE. That's it for me when it comes to gold.
The big reputable gold trading houses would be out of business tomorrow if they sold fake gold. You can do some destructive testing of gold like cut it in half with shears because it's still gold. Gold bars are often serialized or have other mechanisms like chips and visibly holograms which are very hard to counterfeit. Even weight is hard to fake, if the coin/bar is too heavy, it's going to be fake, if it's not within thousandths of the right weigh on the low side, why are you buying it? I own some OPM silver 100oz bars, the are ugly as sin, look to be cut off with a chop saw then had a grinder used on them to get the precise weight. You can see what's in the middle of them. Buying thin gold coins like Austrian Ducats you can bend the real coin with your fingers, tungsten or steel not so much.
the smart ones NEVER transfer all, never trust any company with everything.
🎯💯💯🎯💯💯 Exactly!
That would be the less stupid ones. The smart ones still have all their money.
When you have no money you have none of these worries 😂
🤣😂😂😂😂😂😂 seeeee
truth,,, !! my days going fine,,, lol :)
Yeah but now they’re in the same boat as you. You’re never going to retire.
"If you don't have physical gold you don't have gold".
Surprise!!!
Giving your $$$ to a company for "Safe Keeping" isn't so "Safe" now is it!?!
Store ur own gold wtf is wrong with u people???????
Have been indoctrinated to fear, not to trust themselves and to trust banks.
That's not possible to do with a retirement account unless you plan on cashing it out earlier and taking a huge tax penalty which would defeat the purpose.
Keep it in a safe deposit box at a bank
@@TheDieselndust ‘at a bank’, that’s a problem. We’ve been so conditioned not to trust ourselves to protect our own money. You’re an adult, why trust someone else? Some people are going to have a massive wake up call one day.
That's what I do, I have all of my gold safely stored under my mattress.
People are too trusting. My mom is a senior with very modest pension and some savings. A representative from her bank asked her to invest her savings so she can get good money back. She replied: "I don't need more than what I have. I rather have 8 cents per month interest than loose what I have.
Smart woman. She’s knows herself
Safer to get Certificates of Deposit from a credit union. Credit Unions are better than banks, cheaper fees and interest rates on loans.
Very smart lady. She sounds like my mom...
There ARE banks with FDIC insurance that pay more than pennies per month.
Smart. She sounds content too❤
Man, talk about a gold rush gone wrong! 🤦♂ I’ve been stashing away $231k in my emergency fund, thinking I’d finally get my feet wet in the investment world. I mean, how hard can it be, right? But after seeing this, maybe I should just stick to my piggy bank. Anyone got a map to the nearest treasure island?
"Yeah, these stories are wild! But hey, before you take that emergency fund on a treasure hunt, maybe consider chatting with an investment advisor. I was in a similar spot and trust me, having a pro in your corner makes a world of difference. No gold digging required!
You guys are onto something. I’ve been itching to get serious about investing, but I’m clueless on where to start or how to find a good advisor. It’s like, do I just Google ‘someone to save me from financial ruin’? 😂 Seriously though, any recommendations?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
Funny you mentioned Linda Aretha Reeves, I looked her up after reading this thread and she seems like exactly what I’ve been searching for. Thanks for the tip! This might be the start of something big for my financial journey.
You don't invest?
He bought a brochure?!
💯
A nice brochure
Shiny!
The main purpose of buying precious metal is the have it in your physical possession in the event of economic crisis. Having a picture of coins that are allegedly stored in some place you have never seen is ridiculous.
ridiculous = stupid
@@kingston163 " The difference between Genius and Stupidity is that Genius has its limits"....Albert Einstein .
If you don’t hold it, you don’t own it
I don't own my money in my bank? 🥺
@@user-wr9lh4ly1nYou’re probably being facetious when you say that, but it is actually true. Banks can and have seized THEIR money that you put into their bank. It’s a sad but true fact. Do your own research if you don’t believe me.
@@user-wr9lh4ly1n technically it’s not yours, once it’s in the bank. Read the fine print yourself.
@@user-wr9lh4ly1nnope bank does
@user-wr9lh4ly1n you don't, the money is the banks, and you are an unsecured creditor. There are laws that allow the bank to keep your money if they are in financial trouble, it's called a bailin. After 2008 they made sure there would be no more bailouts from taxes.
Your explanations are clear and concise. Can you kindly suggest a reputable trading coach who can effectively guide me through the process?
Trading with a professional is the best strategy for beginners as well as busy investors who have little or know time to monitor their trade.
I agree; there are strategies for achieving solid gains regardless of economic or market conditions. However, these strategies are typically executed by experienced investment experts.
I wholeheartedly recommend Kathy Allen, having had the pleasure of meeting her at a seminar in London and witnessing her exceptional expertise firsthand. Her impressive track record speaks for itself, and I can confident.
WOW! You just mentioned Kathy Allen Indeed, that woman has been an incredible mentor to me, imparting a deep understanding of the economy that I wish college had provided.
How can I reach her please??
Misappropriation of customer funds... Sounds a lot like the US govt. Move along. Nothing to see here.
The Attorney General needs to get on this and build a case, this is ridiculous. I can’t believe they said people need to just be careful
To the person in video who potentially is looking at big loss - I lost a big chunk in a property scam, it breaks you but know yor life is bigger than this. We came into this world earned few $$ lost few $ , its all part of this game on earth. Know that its all starts and ends here but your soul is bigger than that. It will be hard but emotional and mental health is key -focus on that.fight for it , but if you dont recoup - let go and move on to living. Take care .
How did you lose your money 💰 in a property 🏡 scam sir?
Awesome advice👍
Wise words.
So true, we make mistakes in order to learn, very smart people have been swindled by the bad guys...twas ever thus
@user-lb8bg6kj9m I purchased a piece of land to build a home on. All property papers validations , boundary markings were verified by third party. After purchase when I started construction on day 1 the property owned right next to mine claimed a good portion on my side and halted the construction (with threat of violence). The matter could not be resolved and I ended up putting it on sale. It won't sell due to disputed property status, ended up selling for a loss of about $35000 plus legal and agent fees extra. I later found out the property agent, previous owner, and neighbor were all in on this scam and they do it with multiple people. This was in India, after the sale I moved to USA for a better job. It taught me a lot.
❤️Success is not built on success. It's built on failure, It's built on fraustration. it's built on fear that you have to overcome. I pray that anyone who reads this will be successful in life...🇺🇸
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Charlotte's insights. It's akin to finding a diamond in a coal coal mine...
I know this lady you just mentioned. She's really good with and on her job. She's helped a couple of families and individuals’ finances
She is really a good investment advisor.
I was privileged to attend some of her seminars,that's how I started my crypto investment..
Started with 5,000$ and Withdrew profits 89,000$
I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️
So many scammers out there people. Please be careful
Why can't an investigative journalist find out who the individuals are that pulled off this scam? The business must be in someone's name. It can't be THAT hard to name and shame!
The money is gone. Even if they track down the scammers the money is gone forever.
It literally took me TWO SECONDS to search it! Patrick Granfar is the President and Co-Founder of Oxford Gold Group Inc.
@@MrSupernova111 Right and unless the news names and shames the executives at the helm of this scam, they'll just move on and reform as a new company and run it again.
These types of firms priced the gold so that you basically cannot even make your money back upon resale. It’s a complete scam, yet people still buy into it.
If you’re looking to buy gold, check to see if they have the price on their website. If they do not, then that should be a danger sign.
Another shady gold company 🤔
No one can deceive you without your help.
Love this!
By the very definition of deception.. that is not accurate. If you’re allowing yourself to be deceived by remaining willfully ignorant then you are not being decieved.
@@2434-k3l The word used was deceive and I couldn't find the words willfully ignorant in the original post.
True
It really is hard to cheat an honest man. Someone offers me a Fantastic deal!? I couldn't do that to you, it wouldn't be fair is my response.
Far better to watch out for Costco's gold bars and order that. You actually have it on your hands.
People make fake gold bars
Never buy from institutions that will not buy the metals back.
Cosco will not buy back.
Blue Vault
First National Bullion
Buy physical
@diegoflores9237 you can buy from distributors like jm bullion or APMEX who get it straight from the mint
@@diegoflores9237 If a company the size of Costco got involved with selling counterfeit gold that would ruin them. I would trust Costco more than a random eBay seller...
@@diegoflores9237 I have no idea if Costco's gold bars are fake or not but I wouldn't buy from em. Far smarter to buy from reputable gold dealers.
They tried to get my retirement invested in gold and i said hell NO... I am glad i did not invest 💩💩. They called like maniacs to convince me..nay nay
Yep you would have made 20% return in the past 6 months. Good move im sure you made 30%.
Nay nay - Comedian John Pinette
@@wildkatt77 He probably made very little interest, but avoided getting scammed.
@@alakbar7870 yep if you dont hold it you dont own it?
Calling you like crazy is definitely a red flag! 🚩
Imagine thinking that the glossy production value of the brochures, indicates the trustworthiness of the company.
People should watch the show American Greed!! before they think about investing a penny!
California doesn't have to register the company. What??!!!
That was my thought too.
California has more laws than anywhere to protect bad people but when it comes to protecting good people , no laws………typical for California and gruesome Newsome!
@@Eliel7230 So basically the state opens the door to fraudsters by not requiring them to register, and then tries to run them down after the fact. Really stupid in the age of electronic transactions.
Campaign donations to Democrats can go a long way to influence policy and state law.
@@jimkelly4214 Both parties ALWAYS place the interests of corporations first no matter how many "little people" donate to their campaigns.
Pictures and name of stones with not being able to see it physically??? RED FLAGGGGGG
what stones.???? gallstones.????
He could have bought gold stocks online and made a fortune if he bought low. Stupid.
why not just buy gold bars with your own money and keep it in your house? buying coins thru a 3rd party to keep at a location far from your house that likely isnt a bank...
Took the words out of my mouth.
Owner ran off with the bars .
Cause Home Burglaries happen. Whether you have a safe or not.
Put the gold in a safety deposit box.
1945 us govt confiscated safe boxes. @@Paul_Wetor
Didn’t all the famous radio show host advertise these people. They should be held accountable also. Sean Hannity, Glenn, Beck, and all the others should be held responsible.
They advertise it because they get paid to advertise it. You don’t really think they care if it’s a scam do you.
Just like Tom Selleck doing reverse mortgage commercials he makes money from the commercials, He doesn’t give 2 💩’s if they take your house off you.
Everything is about the almighty buck that’s the bottom line, nobody gives a 💩about you only themselves that’s how life works.
my thoughts exactly!
Did that dude actually tell them to go and store the metals 🤦♂️…
Bro, it’s loooooong gone!
Never there to begin with.
If it sounds too good to be true,it probably is.
I’ve been an equities investor for 35 years, never traded nor will trade metals unless you can take possession.
Same as social security paid for a lifetime, where is the money?
When the government does it, it's legal.
Gone. Your money is gone.
Ukraine thanks you for your investment.
They launder it the mafia cartel in dc District of Criminals
No company should never be allowed to operate without being held accountable. California has some explaining to do.
Limited Liability Company, learn what they are, risk free disposable entities to hide behind. I set my business up as a LLC as well, I don't want any liability for what my company does either, gets too bad then I'll dissolve the mess and be done without any hurt to my own personal interests.
Democrats are destroying California and nobody holding them accountable.
@@PatrickBaptistNot entirely risk free, but your risk is indeed limited. Hence *”Limited* Liability Company” (LLC).
"No company should never be allowed to operate without being held accountable" , such as the U.S. government ?
Alllll of California is sickening and just plain greedy! 🤮🤢🤢🤮🤢🤮
Why would ANYONE in their right mind have a depository company hold their gold? If you don't have it in hand, you don't have it. Get your gold sent to you directly and be your own bank. 🙄
Boomers are incapable of questioning authority. As long as it's presented to them as "official" they'll do it. Like the jab for example
This is crazy how you can’t trust your retirement to be there for you
Diversity like it’s going out of style
CPP is another Ponzi scheme as are most govt retirement schemes that promise govt workers the wealth of the private sector worker for their lifelong, gold plated pensions
Beware, it's all fake promises so don't plan your retirement around such lies.
Old school justice is the only way to handle this.
"He wont tell us how much"
He gave up his whole 410K
Arrest everyone that was in charge. There should be a paper trail of names n accounts
Anyone "investing" in gold or other hard assets they don't understand and with a company that is not FDIC insured is basically gambling with crooks. There is no recourse, the scammers stole your money and spent it. They'll be lucky if through bankruptcy they get anything.
Wow 🙄
FDIC insurance has little bearing on this if the whole system is coming apart, or when someone finally does get their "settlement", the money won't buy anything.
@@osakashogun1371 Despite your bleak and pessimistic outlook, having an FDIC is better than having what these 'investor' have, which is nothing at all.
Same with owning stock in a publicly traded company. Stockholders are the last creditor.
@@robertkubrick3738 right, don't 'invest' in companies you don't understand. Plenty of penny stock go bankrupt and stockholders are left empty-handed
I would never consider investing with those people , just by their faces I can tell they’re bad news
Why would u buy gold to have someone else hold it? So weird.
We’ve been conditioned not to trust ourselves with our own wealth.
Be your own bank.
People were brainwashed with television programming channels for decades, reality will break in and crush them.
Wealth was once backed by gold. Then they came for the gold.
Now wealth is backed by debt.
When they come for it, there is nothing to get.
Because it's pre tax retirement money. You can't use it like that. Just like a 401k.
Never ever not ever buy gold and silver unless it’s sitting in your living room. Don’t be a fool.
Possession is 99% of the law.
I bought gold from costco. I could only buy 2 oz at a time. Get the metal yourself
That Costco gold is fake Tungsten from China.
@@antpoo At least it's more real than Bitcoin. It actually exist.
@@walden6272 I’d rather tungsten gold than bitcoin yes. But there is no way in hades real gold would be sold at Costco. You buy gold from the mint, and even the mint cannot be trusted. Look at Perth mint scandal for example.
@@antpoo Proof?
@@waitawhileexplorer3904 if you know gold, you know it would never be sold at Costco, which is where poor people shop.
Gold is the money of nation states.
It’s just common sense. The beauty of gold scams is no one is willing to drill the gold to test it. and tungsten has same specific gravity as gold, So yeah. and the amount of gold/tungsten scams are high.
They bought pictures of gold coins in a magazine
Why not just buy your own gold coins/bars/bullion and store it in a safe deposit box?
Thats not safe either with all the fake gold around
There's precious metals verifiers for that.
@@diegoflores9237Ok, buy real Gold and put in a safe deposit box. Lol.
@@diegoflores9237
If you go to your local Gold Shop that has been operating for many years, you won’t have to worry about fake bars.
Safety deposit boxes are raided overnight when the bank closes their doors, people seem to have a problem with trusting institutions like banks in the first place.
30 % in metal, 30% in stocks, 30% in property and 10% cash + crypto.