This company used clever tactics to take advantage of my fear of the economy and I ended up with 33% less in my retirement account pretty much over night. If you want to buy gold or silver learn from my mistakes and beware of the following:-
Pinnacle gold want you to buy proof gold/silver or pre 1933 "investment grade" coins and not bullion. - they make their money on this type of gold//silver. If you want to buy these coins price shop first on apmex.com and dont listen to any "investment advice" from account executives at gold dealers. These guys are no experts and do not have your best interests at heart. Their goal is to make money and charge you 30% or more over what the the coins are worth (their profit is your loss!)
Be warned. Buy bullion and/or price shop before letting any dealer move your IRA funds or lock in your cash sale pricing over the phone. They will apply clever tactics to lock you into a deal but take your time and price shop first. Don't be persuaded to buy any "special" gold. Buy bullion and dont pay over say 5% more than spot price. Ask what their spread is. They want it to be 33%. It should be 5%!
If you have already bought and have payed a spread which is unnaceptable, complain to Better Business Bureau and Ripp Off report. Also go to the dealer trust link page. To find out the value of your account call them and ask for a buy back or liquidation quote (not "retail value"). Ask them "what will you buy my gold/silver back for today?"
This unscrupulous scam needs to be stopped before more investors lose their hard earned money! Please learn from my mistake.
0 comments