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How right-wing news powers the 'gold IRA' industry
Yes, the gold IRA business has some grifters, but not nearly as many as reside in central banking. The gold world awaits the Washington Post's first critical question directed to a central banker. A few such questions might be suggested by the documents compiled and summarized here:
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By Jeremy B. Merrill and Hanna Kozlowska
The Washington Post
Tuesday, July 26, 2023
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 learn later that Lear charged a 33% commission.
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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."
While the legitimacy of the gold retirement investment industry is the subject of numerous lawsuits -- including allegations of fraud by federal and state regulators against Lear and other companies -- its advertising has become a mainstay of right-wing media. ...
... For the remainder of the report:
https://www.washingtonpost.com/business/2023/07/25/gold-ira-conservative-media/
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