Oxford Gold PSA

[regor]

Gold investment with Beverly Hills company ends with loss of thousands of dollars, customers say

A Beverly Hills company that converts retirement accounts into precious metals vanished, and customers fear their savings have gone with it.

abc7.com

A Beverly Hills company that converts retirement accounts into precious metals vanished, and customers fear their savings have gone with it.

An ABC7 investigation found the once highly-rated company, Oxford Gold Group, has a slew of complaints against it and the Better Business Bureau has revoked its accreditation.

 

[monkeyswrench]

Give large amounts of money to someone else (who you only know through ads) to invest in gold for you, and they steal it. Shocking, never would have seen that coming.

Maybe my being poor and a redneck is what compels me to personally keep track of things. Maybe it's just easier for me, keeping track of a few hundred dollars isn't too tough.

 

[badgas]

#dontbuygold

 

[FROGMAN524]

I listen to KFYI 550 in Phoenix and every other ad is for a gold company. It’s amazing.

 

[2Driver]

I heard they bought the Ultra molds

 

[hallett21]

Other than just blatant fraud how could they have gone under? Gold has been on a pretty good run for the year.

 

[Orange Juice]

Other than just blatant fraud how could they have gone under? Gold has been on a pretty good run for the year.

Hedging. That’s how they make money.

 

[hallett21]

Hedging. That’s how they make money.

Even the stock market has been on a decent run. What would they have got caught in?

Nike earnings? Lol

 

[DRYHEAT]

I am convinced, where do I sign up?

 

[Orange Juice]

Even the stock market has been on a decent run. What would they have got caught in?

Nike earnings? Lol

Probably hoping gold would fall back to $1850.

 

[JFMFG]

Nothing wrong with buying precious metals but you need to hold physically lol

 

[stonehenge]

tough crowd, its not like anyone put thousands down on a utv years ago and still haven't seen it in their garage, sheesh

 

[monkeyswrench]

Nothing wrong with buying precious metals but you need to hold physically lol

Honestly, that's what I always thought the goal was, to have a tangible asset. I remember hearing ads thinking to myself this is just the same as other IRA's, just a different hook. I do feel bad for people that may have lost everything though. Anytime someone sells a "sure thing", they seem to be lying

 

[Orange Juice]

Probably hoping gold would fall back to $1850.

If they took the money, and bought Bitcoin or DOGE, instead of gold, that would be worse.

Crypto is in a free fall this month.