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Story summary
- Gold prices have surged above $5,100 an ounce, increasing interest in gold IRAs as an inflation hedge.
- The rise has coincided with a proliferation of scams, and the Commodity Futures Trading Commission (CFTC) warns retirees to beware dealers promoting non-standard coins, misleading storage claims, and high-pressure sales.
- Legitimate gold IRA companies should only sell IRS-approved bullion and provide clear fee disclosures.
- Investors should verify credentials through the Better Business Bureau and check for legal actions.
