GoldSilver.Org Comments on NASAA Self-Directed IRA Fraud Alert

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GoldSilver.org spokesperson Nancy Villa says that investors have lost trillions in IRAs recently and that "gold dealers can sometimes be the worst offenders" in terms of investment misrepresentation.

GoldSilver.Org - Your Source for Pure Gold & Silver

...not a week goes by that we don't hear horror stories...

The North American Securities Administrators Association (NASAA) recently issued an Investor Alert to warn individuals with money to invest about the dangers and risks associated with self-directed IRAs, and at least one company who handles IRAs believes with the NASAA. GoldSilver.org, an online precious metals investing platform, sent a note to clients this week concerning the NASAA's Investor Alert. GoldSilver.org's brokers have been eligible to assist clients with gold and silver IRA rollovers since 1997. GoldSilver.org spokesperson Nancy Villa released the following portion of the note to the public:

"IRAs were drained of more than $2 trillion when the economy tanked in 2008, and at that point many investors began transferring their self-directed IRAs to gold and silver-backed IRAs. Unfortunately, gold is not tightly regulated and a lot of less-than-reputable firms popped up. Congress and the CFTC have been able to bring some of these firms to justice but not a week goes by that we don't hear horror stories about dealers being evasive, misrepresenting a company or a product or even telling blatant lies. Putting precious metals into a self-directed IRA could be beneficial for undiversified investors but only if the product and the price match the investor's worldview and goals. We always recommend that investors thoroughly research any potential investing partner via the [Better Business Bureau] and by taking advantage of search engines like Google, Yahoo and Bing."

GoldSilver.org is a North American market leader for gold and silver investments for home delivery or within retirement accounts. They buy and sell investment-grade gold, silver and platinum bars and coins. For more information or a free gold and silver investment guide visit http://www.goldsilver.org or call 1-800-394-3337 today.

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