Gold is meant to be an insurance plan against the unthinkable, and financing gold is not the safest move an investor can make.
(PRWEB) September 06, 2013
The Commodity Futures Trading Commission (CFTC) recently announced a slew of investigations and adverse rulings against various U.S. gold dealers, and one gold dealer not involved in the CFTC’s probes has issued a statement warning clients of the dangers of financing gold transactions.
The official Certified Gold Exchange, a U.S. gold dealer that specializes in physical possession gold investments as well as Gold IRAs, does not offer financed gold transactions but according to CGE spokesperson Janet Jones the CFTC’s string of investigations merited a warning to gold investors of all types.
“Gold is meant to be an insurance plan against the unthinkable, and financing gold is not the safest move an investor can make,” said Jones. “The Certified Gold Exchange has nothing to do with the CFTC’s probes and we do not offer financed gold. We feel that it is important to remind gold investors that unless you have physical possession of your gold investment you don’t really own it, IRAs notwithstanding.”
While CGE’s statement did not name any of the companies under investigation due to restrictions placed upon the company by its press release agency, the CFTC offending companies have previously been named by the CFTC and the Associated Press. While the accusations against each company vary slightly, the general offense involves financing precious metals transactions for clients and then failing to actually purchase said metals, choosing instead to pocket the funds.
Certified Gold Exchange, Inc. is one of North America’s premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating. For more information or a free “Gold Investor’s Guide,” visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.