In September 2024, I transferred nearly $2 million from my 401(k), 403(b), IRA, and annuity to Bishop Gold after Todd Reber convinced me that the stock market would crash and that gold and silver were the safest investment.

I repeatedly told Todd that I wanted my money invested almost entirely in gold and silver bars at market prices. I specifically stated that I did not want collectible coins, except for possibly a couple of Queen Elizabeth coins.

During the purchase authorization calls, I repeatedly asked to confirm I was buying only gold and silver bars. Todd told me I could only answer “yes” or the transactions would not go through, while assuring me I was receiving the bars I requested.

Months later, after finally receiving invoices, my son discovered that most of my retirement funds had instead been used to purchase high-premium silver Perth Whale coins and quarter-ounce gold coins at inflated prices without my authorization. This was not what I agreed to purchase.

When we confronted Bishop Gold, they denied any wrongdoing, claimed other precious metals dealers were lying, and threatened my son with legal action. They later admitted the coins were purchased because they supposedly produced a 15% annual yield, despite previously stating they were not providing financial advice.

We have filed regulatory complaints and are now seeking legal counsel. Since raising these concerns, I have been locked out of my account, lost access to my retirement funds, and my required minimum distributions have stopped. I believe I was misled, pressured into approving transactions I did not fully understand, and sold products that were contrary to my explicit instructions.

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