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I'm not sure if this is the right sub, so apologies if not. I'm not looking for advice on what to do with money or if this is a safe option, but rather, what the implications of this situation are. Hopefully someone more informed than me can help me out.
My mom just let me know that she withdrew everything from her Roth IRA and put ALL the money into some company called Noble Gold. She now says she "owns" some gold and silver.
Some backstory- my sister passed away in 2022, and my dad passed away in 2023. This Roth IRA is my dad's. Since only my mom and I are the only ones left, all the money went to "us", but my mom had total control over it. I never questioned it or asked her for money as I don't have a need or a reason to. But she is borderline zealous Christian, and watches a lot of Christian podcasts and "news" shows. Some podcast she watches, I can't remember the name, was pushing this Noble Gold, and she fell for it. This is a high 6-figure amount of money. And all the money she has. She doesn't work.
I know she fell for a complete scam at worst, and a grifter that's going to take 5-10% of her total net at best. I've found online Noble Gold uses fear mongering and sales tactics that manipulate people, like my mom, into buying in to it. She used the same exact talking points as one of their ads I found, literally verbatim. I am extremely worried about my mom at this point. She's 64, lives in a different state than me, and consumes this horrible propaganda, money fueled, right wing, anti-consumer bullshit. Nothing wrong with being conservative or Christian, but there is something wrong with how these companies and talking heads take advantage of vulnerable people and their savings account.
My blood is boiling and she won't listen to reason. Am I overreacting though? What exactly are the repercussions here? Be it long term or short term. Should I be making a plan to be providing for her financially in the future?