Investing in precious metals, such as gold, has long been a popular technique for diversifying investment portfolios and preserving wealth. However, with rising counterfeit schemes and frauds, investors are becoming increasingly vulnerable to losing their hard-earned money. In this article we will show you some reasons to not buy gold (& silver). Gold in IRA Scams, in particular, have been a common concern in recent years, as scammers have discovered new ways to deceive people promising to invest in gold through Individual Retirement Accounts (IRAs).