No. of Recommendations: 6
That is to say for viewers of FOX, Newsmax, etc
I guess scammers recognize easy marks when they see them.
How right-wing news powers the 'gold IRA' industry
Ads for gold coins have become a mainstay on Fox News, Newsmax and other conservative outlets, even as regulators have accused some companies of defrauding elderly clients.https://www.washingtonpost.com/business/2023/07/25...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.'Many of the same people keep dumping money into Trump's pockets. I feel sorry for these people, but really...you trust FOX 'news'?
No. of Recommendations: 1
I notice that nearly all the ads (maybe all of them) I see for gold are on FAUX Noise. Never see Spewsmax, so can't comment. I never see those ads whenever I catch a bit of CNBC, or CNN, or HGTV, or any other program that is on in doctors' waiting rooms. Lots of ads, but all the gold ads are FAUX Noise.
Never understood the obsession with gold. Gold prices can fluctuate just like stocks. And if everything collapses, it will be just as worthless as stocks (e.g. a good water purifier will be much more helpful if the collapse is total). It's just metal. Useful in electronics, but otherwise pretty useless. I suppose it is the psychology of the viewers of conservative outlets that drive those sales. I can only think they expect a major collapse, and they are under the illusion that gold will hold its value any better than stocks or bonds.
