I wonder how this company compares
Posted on 07/26/2023 7:55:25 AM PDT by Syncopated
Dedicated viewers of Fox News are likely familiar with Lear Capital, a Los Angeles company that sells gold and silver coins. In recent years, the company’s ads have been a constant presence on Fox airwaves, warning viewers to protect their retirement savings from a looming “pension crisis” and “dollar collapse.”
One such ad caught the attention of Terry White, a disabled retiree from New York. In 2018, White invested $174,000 in the coins, according to a lawsuit by the New York attorney general — only to later learn that Lear charged a 33 percent commission.
Over several transactions, White, 70, lost nearly $80,000, putting an “enormous strain” on his finances, said his wife, Jeanne, who blames Fox for their predicament: “They’re negligent,” she said. A regretful White said he thought Fox “wouldn’t take a commercial like that unless it was legitimate.”
(Excerpt) Read more at washingtonpost.com ...
Is this what the Liberty Daily keeps pushing?
[Honest question: can you give an example of how to do this?]
What’s the commission with them?
Gold is an appropriate (small) part of a financial portfolio, but a 33% commission is never appropriate.
Nope. Just an IRA. ALWAYS read the fine print. ALWAYS read the fine print. ALWAYS.
Gold is something physical you can hold, guard, hide, keep. And IRA is just paper, after having put your money in the hands of someone else, and they get to charge you for that "privilege."
Sigh. My money parted long ago. With my first wife.
It varies by weight and quantity. For example, a single 1 oz. gold coin that sells for approximately $2k will have a premium of between $80 and $90.
My sincere sympathies.
Yeah, what do they think they are, attorneys?
Can’t anyone just look at the price of gold for the last 5, 10, 20, 30 yeras, and see where it’s been and where it’s at??
Thank you to both of you!
I hear those ads all the time on con talk shows. Even ones I like. One thing I know is to never patronize a company which advertises on con talk shows. Just about all of them are scams. And why wouldn’t someone just buy their own gold coins and store them in a vault of in pickle jars in the back yard? Seems dumb to buy PMs for someone else to keep.
Worst performing “investment” I have is my stack of coins. They have lost value when compared to inflation.
> You can literally buy precious metals online, near-spot pricing.
It’s very common for premium on the cheapest silver rounds at the best dealers to be about four to five dollars when spot is about $22-23. That’s 20-25%. Premium on actual minted coins is higher.
Give a link to the the dealers that are charging near-spot.
Yeah...well....it’s as much the decline of the dollar as it is the rise of gold.
Fox is RINO. Those are the idiots these companies must be targeting.
Gold is still better than infalted fiat money they’re deliberaetely devaluing minute by minute.
You have to be careful which company you deal with.
I wonder how this company compares
Agree.
Hugh Hewitt
Chris Plante
Dennis Prager
Sebastian Gorka
Howie Carr
When they aren’t peddling PM to trusting seniors, they hawk majic non-prescription pills that fight pain or that supposedly boost energy.
These senior or near-senior talk show hosts abuse seniors.
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