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TexasTowelie

(128,150 posts) Tue Jul 25, 2023, 10:52 PM Jul 2023

Regretful Retiree Says He Was Scammed By Fox News' Gold Ads - Waldorf Nation

A man who decided to plunge $174,000 into gold coins he saw advertised on Fox News is now regretting his decision after losing roughly $70,000 on the investment.

5 replies

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Regretful Retiree Says He Was Scammed By Fox News' Gold Ads - Waldorf Nation (Original Post) TexasTowelie Jul 2023 OP

I have an elderly relative who lost over a fifth of his retirement money on spooky3 Jul 2023 #1

A fool and his money. Chainfire Jul 2023 #2

Retiree/scammed/Fox News...don't care agingdem Jul 2023 #3

It seems like a brokerage account invested in GLD (or similar fund) would be an easier way. Gore1FL Jul 2023 #4

Those ads are still playing on right wing radio. Permanut Jul 2023 #5

spooky3

(38,864 posts)

1. I have an elderly relative who lost over a fifth of his retirement money on

Reply to TexasTowelie (Original post)

Tue Jul 25, 2023, 10:54 PM

Jul 2023

gold purchases encouraged by Fox. He still watches Fox.

Chainfire

(17,757 posts)

2. A fool and his money.

Reply to TexasTowelie (Original post)

Tue Jul 25, 2023, 11:04 PM

Jul 2023

agingdem

(8,958 posts)

3. Retiree/scammed/Fox News...don't care

Reply to TexasTowelie (Original post)

Tue Jul 25, 2023, 11:08 PM

Jul 2023

Last edited Wed Jul 26, 2023, 03:15 PM - Edit history (1)

Gore1FL

(22,982 posts)

4. It seems like a brokerage account invested in GLD (or similar fund) would be an easier way.

Reply to TexasTowelie (Original post)

Tue Jul 25, 2023, 11:10 PM

Jul 2023

Cheaper, too.

But why Gold?

Permanut

(8,572 posts)

5. Those ads are still playing on right wing radio.

Reply to TexasTowelie (Original post)

Wed Jul 26, 2023, 01:23 AM

Jul 2023

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