Maine Issues Gold Warning

Updated 4 years ago

(AP) – Maine officials are issuing a warningabout gold investments. Securities Administrator Judith Shaw says people consideringgold-related investments should learn about the risks of investingin gold, as well as the potential rewards. The Office of Securities has received several inquiries frominvestors who purchased gold bullion over the Internet fromcompanies offering to hold the bullion on their behalf forsafekeeping. Shaw says those secure vaults in which the gold issupposedly held often do not exist. In other cases, investors are simply unaware of the volatilitythat can occur in the precious metals market. Shaw says it’s a myth that gold is a fail-safe investment.


MENU