Kansas' securities regulator says investors should be cautious about putting money into gold and should be on the lookout for scams.

Kansas' securities regulator says investors should be cautious about putting money into gold and should be on the lookout for scams.


Securities Commissioner Mark Wilson says as gold prices approach record highs and the economy recovers, investors are seeing a growing number of ads touting gold as safe.


But Wilson says historically the value of gold and related investments fluctuate more than the stock market. He says an investment in gold is not foolproof.


Wilson also says investors have been harmed by promoters who pitch investment pools in precious metals or gold mines. Also, he says, when sellers offer to retain purchased gold in a secure vault and sell it when the price rises, often the gold does not exist.