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<p>[QUOTE=&quot;ToughCOINS, post: 3175581, member: 20480&quot;]Okay, I&#039;ll add an example that is guaranteed to be controversial among our members.</p><p><br /></p><p>I don&#039;t care for major sellers of AGE &amp; ASE promoting &quot;self-directed IRAs&quot; wherein their customers take custody of the precious metals themselves.&nbsp; This is a sales-pumping predatory practice, as the IRS has already declared that the tax benefits of such IRAs will be denied when claimed by the customers.&nbsp; The customer may never take custody of the precious metals for the investment to qualify as an IRA.</p><p><br /></p><p>Is it illegal to promote such non-conforming purchases?&nbsp; Not yet, but I think it&#039;s only a matter of time.&nbsp; Will it eventually be labeled a scam?&nbsp; Almost assuredly, because these outfits are deliberately playing on the passage of time between their misled customers taking the bait and later paying the piper.</p><p><br /></p><p>The customers are of course guilty of making a bad choice, but these purveyors are worse, in that they have strategically laid a trap for their unwary customers to step into.[/QUOTE]</p><p><br /></p>

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