AARP Bulletin reports that an increasingly common elder abuse scam is creating fear in seniors about the economy and the future of the stock market, and convincing them to buy a “100% safe†investment in precious metals. The sellers then sneak in hefty fees and then mark up the coins as much as 300%, with the sales pitch being that they are “collectible†and thus worth more. “These scams prey on the concerns that senior citizens may have relating to the economy, their retirement and their financial well-being,†according to AARP Bulletin.
