Don’t Fall For These Gold SCAMS | Andy Schectman

Liberty and Finance, Released on 11/8/22

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.

0:00 Intro
2:49 Gold scams
17:19 Red flags
22:21 Trust your gut
28:26 Dedollarization
46:00 Weekly special

Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.

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