NYPD investigates gold bar scam that has stolen more than $100 million from retirees.

The article reports on an NYPD investigation into a gold-bar courier scam that has allegedly stolen over $100 million from retirees. Scammers typically impersonate tech support, government officials, or financial representatives, then pressure victims to move money out of bank or retirement accounts into cash or precious metals for supposed “protection.” Couriers are then sent to collect the gold. The piece emphasizes that this is a broader consumer fraud issue rather than a direct market-moving gold story, but it reinforces gold’s dual role as both a perceived safe-haven asset and a physical target for fraud. It cites FBI data showing 525 complaints tied to gold and precious-metals courier schemes in 2024 with $219 million in reported losses, and more than $7.7 billion in losses reported by seniors in 2025 across scams overall.