26 Jun 2024 9:06 am
Caveat emptor!Blackvegetable » 26 Jun 2024, 8:30 am » wrote: ↑ They Came to See Trump. First They Heard a Pitch to Buy Gold and Silver.
https://www.nytimes.com/2024/06/24/us/t ... roid-share
At a conference this month put on by Turning Point Action, a rising conservative activist group, 8,000 people packed into a Detroit convention hall to hear directly from Republicans’ presumptive nominee for president, Donald J. Trump.But first, there was a word from a sponsor: Alexander Spellane.
Mr. Spellane, who federal regulators say is also known as Alexander Fisher and Alexander Overlie, sells investments in precious metals. Cash, stocks and 401(k)s could plummet in value, he warned from the stage, but he told the throng of Trump supporters that they could protect their money by buying gold and silver from his company, Fisher Capital.
The Commodity Futures Trading Commission has been trying to shut down Fisher Capital’s sales for the past 14 months, alleging in a lawsuit that it sold gold and silver coins at such exorbitant, deceptive prices that virtually every customer had suffered “immediate and dramatic losses on their investment.” Fisher Capital has denied the allegations.
That lawsuit did not keep Turning Point Action from embracing Fisher Capital as a top-level sponsor of the Detroit event, which has required a donation of at least $250,000 and allowed Mr. Spellane to be photographed backstage with Mr. Trump. Mr. Spellane also claims to be the largest corporate sponsor of a sister group, Turning Point USA
Grifters of a feather......
@Vegas
I've labored this nexus for a long time..
Most investors should stick to large mutual funds for the majority of their investments...just my opinion.