Beware the NIA Penny Stock Pump & Dump

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Schiff Report Video Blog May 20th 2011
NIA touts penny stock Mega Precious Metals based solely on its “inferred” 1.2 million ounces of gold. However, NIA knows that “inferred” recourses are practically meaningless. More important, they also know that their members, not being sophisticated gold investors, have no clue what “inferred” means and they exploit that ignorance to create a false impression of value. DO NOT BUY ANY STOCKS TOUTED BY NIA

Peter Schiff is an American investment broker, author, financial commentator, and was a candidate in the 2010 Republican primary for the United States Senate.

Video © and provided by Peter Schiff.

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