Whether you are looking to invest in precious metals or want to sell your gold jewelry and watches for cash, Dallas Gold and Silver Exchange may be an option. This company has been in business since 1978 and operates several physical stores in the North Texas area. They specialize in buying diamonds, fine watches and jewelry, and a variety of precious metals like gold and silver.
If you are considering investing in precious dallas gold and silver exchange – scam or not? metals, it’s important to do your research and find a trustworthy dealer. The best way to do this is to check out customer reviews and transaction history. You can also look for a business that has a physical headquarters so you can go in and verify their legitimacy.
PROS OF DGSE
If you’re looking to buy or sell gold, you can count on DSGE for high-quality products at reasonable prices. They offer a wide selection of precious metals, including gold and silver coins, IRA-approved bullion bars, platinum, and palladium. Their website also features a professional appearance, which is another plus.
CONS OF DGSE
Although Dallas Gold and Silver Exchange is a legitimate company, there are some issues that you should be aware of. The first is that they don’t offer a lot of general IRA services, which can make them difficult for some investors to work with.
Additionally, they only purchase IRA-approved metals, which can be problematic for those who are trying to diversify their investment portfolio.
Scams & Fraudulent Companies
A common tactic used by scammers is to lure seniors into a fake relationship by connecting with them on social media and sending messages about politics and other topics. The scammer then tells them that their securities and retirement funds aren’t safe because a bank can seize their account, the stock market can crash or interest rates are unsustainable.
Then, the scammer tries to get them to sell their securities and retirement funds for less than they’re worth. They often charge high fees, which can be a big problem for elderly people who are trying to preserve their wealth for the future.
Luckily, the Texas Department of Banking is warning consumers to be wary of these types of scams. The Department has filed numerous lawsuits against a number of precious metals dealers.
Scams involving precious metals fraud are usually targeted at senior citizens, because they are concerned about their future security and will likely leave behind a legacy for their children and grandchildren. Scammers often take advantage of the fear that senior citizens have about their assets being secure in the future and then convince them to sell their gold, silver or other precious metals for less than they’re worth.
Scams that target the elderly are especially dangerous because they tend to target those who need the most help to protect their assets from volatility in the stock market and other economic conditions. This is because they know that seniors tend to be more cautious about their investments, and that they have a tendency to lose trust in financial institutions.