That means effective salesmen can convince people to move their retirement savings into gold backed IRAs. Unlike typical gold bars, however, the gold IRA industry coins are exclusive to the companies that sell sell them. The companies then massively mark up the price of those coins and tell customers that that price is justified. Because these are unique collectors items. Folks ask the question, well, why is this marked up exponentially? Why is it so much more expensive than say a typical bullion coin? (03:58–04:05)
CLAIM
Asserts that gold IRA companies mark up coin prices and justify them as unique collector's items.
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