Gold Warning

Updated 3 years ago

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


MENU