MADISON, WI (WTAQ-WRN) — Ask questions first, if you’re considering investing in precious metals.
Attorney Lindsay Fedler with the state Department of Financial Institutions, says due diligence is critical before buying gold or silver.
“What are their qualifications, and how does the product they’re pitching meet your personal financial needs, as well as what are their premiums and fees for buying these precious metals?” said Fedler.
Fedler says precious metal firms should be able to give buyers a precise value.
Be wary of advertisements designed to instill fear about the economy, touting certain political or religious affinities, or trying to create a false sense of urgency.
You can find more information and contacts at DFI.wi.gov.
