numisnetwork investing

Discussion in 'Coin Chat' started by snaz, Jan 30, 2010.

  1. snaz

    snaz Registry fever

    I was recently added as a friend by a guy named "Stu Hoetker" on Facebook"
    At first he wanted to discuss coins, at least that's what he said. I added him as a friend, curious to talk to him, until my facebook newsfeed was covered with his status updates telling people to invest in coins and visit his site.
    pay teh small fee to become a member. IMO it is a pyramid scheme and nothing more. Instead of saying "here you are" and here are the people below you.
    They say "Here you are, and here are the people next to you"

    I wrote on one of his comments simply saying "coin investing is a poor choice to invest your money in"
    He then replied with something along these lines---

    I then responded with something like this:
    I then proceeded to write this up, only to push enter and find out, he had already deleted me as a friend. I guess he decided not to let me brainwash his followers. He had an excess of 600 friends, most of which he didn't know, but just added so he could get them to join his site.

    Any opinions on the matter. if he doesn't want to discuss it in front of 600 people, maybe he wants to discuss it in front of thousands on cointalk. :)
    EDIT to add:
    The link wasn't working, click here and click on the first result.
     
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  3. borgovan

    borgovan Supporter**

    Thank you for providing us an educational piece about the potential dangers of social networking sites. I do not personally Facebook, or use any similar site, but I hope this serves as a lesson to others who do.
     
  4. Dollar1948

    Dollar1948 New Member

    Yep, I dont do the facebook or twitter thing either.
    Frankly, I value my privacy way too much, especially when it comes to my hobby.
    Ill be damned that I would give a clue to people I do not know, or idiots from years gone by that I still want nothing to do with, what my preferred hobby is.
    Theres just too much risk out there.
    Snaz I admire and applaud your mature approach with this 'piece of work' but i wouldn't have gone to all the effort to educate him. He had a hidden agenda.
     
  5. I think you handled the situation very well. You caught him in the act and called him out on it. Unfortunately, many other less knowledgeable people will not do so. TC
     
  6. kanga

    kanga 65 Year Collector

    No facebook.
    No twitter.
    No blog.
    No texting.

    I have a few websites like this that I use.

    And my cellphone is for phone calls.
    Only about 5 people know the number.
    It is only on when I'm away from home.
    There is NO message box.
    And if it rings while I'm driving, I pull over to see who the call was from and answer if necessary. No driving and talking.
     
  7. umtrr-author

    umtrr-author Thalia and Kieran's Dad

    I am on FB "casually," I would say. However, my privacy settings are cranked way up, I don't use any of their apps and I don't accept requests of any kind from people I don't know instantly.

    This piece in the New York Times (which is not yet behind a paywall) called "The Three Facebook Settings Every User Should Check Now" has been in the Top Ten e-mailed items since it was published last week-- which is saying something:

    http://www.nytimes.com/external/rea...ok-settings-every-user-should-c-29287.html?em

    Let's be careful out there.
     
  8. Speedy

    Speedy Researching Coins Supporter

    and this is why on FB I have limited my friends list to about 20-25 close friends....anyone else that request friendship is either considdred and then added, or sent a message telling them that I have chosen not to add them since I'm only adding close friends.

    This Numisnetwork scam has been around for several years and they have spammed CT more than once. The people behind it are pretty good at making it sound good, and I bet they are making a mint....

    Speedy
     
  9. snaz

    snaz Registry fever

    Hey guys, lets keep this from being about social networking like Facebook and Twitter. It really isn't related. I'd love to hear more opinions on Numisnetwork.
     
  10. yakpoo

    yakpoo Member

    Here's an interesting link I found to an article and blog about Numisnetwork.
     
  11. Just Carl

    Just Carl Numismatist

    WHAT? Are you me? The above is exactly me.
     
  12. Just Carl

    Just Carl Numismatist

    Basically same subject.
     
  13. coleguy

    coleguy Coin Collector

    Sounds like a bad scam run by a complete idiot to me. Too bad he deleted you before you were able to post that.
    Guy~
     
  14. Grbose

    Grbose CoinSpace.com CEO

    The same guy Stu did the same thing to me on FB. There are several others out there just like him. The NumisNetwork is an (MLM) Multi Level Marketing Co. just like Herbalife or Amway they started about about 4-6 months ago I am very familiar with this business model as I worked in the Corp Headquarters as a Supply Chain Mgr for Herbalife for 12 years here in Los Angeles. How this model can work for Numismatic Coins I do not know. They are using ANACS graded Silver Bullion coins as their flagship product. As i've explained to the 20 or so NM reps that hit me up on my sight or FB trying to recruit or sell graded bullion coins at inflated prices to knowledgable collectors via these message boards is a waste of time. As I mentioned earlier the MLM model isn't suitable in my opinion only for a fixed tight margin product. The prices are inflated to allow each member in a reps downline to get a cut the company included. Additionally why would any collector/dealer/investor need a third party of non professional numismatist to handle their coin/bullion transactions. Again JMO
     
  15. yakpoo

    yakpoo Member

    If anyone wants to express their opinion to both the folks at NM and the people that might be checking them out, the link I posted earlier might be a good place.

    edited - we don't post such personal info on the forum...if you wish to continue your conversation with him directly.
     
  16. swish513

    swish513 Penny & Cent Collector

    wow! the power of the internet! :bow:
     
  17. coleguy

    coleguy Coin Collector

    Investing must be a bit slow to pay out if he's still living with ma and pa at 26 LOL
    Guy~
     
  18. mark_h

    mark_h Somewhere over the rainbow

    Me too - except at times I do drive and talk, but that is very rare. Usually I just wait to get to where I am going and return the call then.
     
  19. mikenoodle

    mikenoodle The Village Idiot Supporter

    Sorry Cole... didn't see your post. I couldn't agree more!

    26 and still lives at home with Mom and Dad...

    Yeah, I'm going to take financial advice from this guy!!!
     
  20. Mr. Coin Lover

    Mr. Coin Lover Supporter**

    I have I think everything on the internet concerning this MLM coin "opportunity". Three guys are the founders, and Mike Muzak that sells coins on HSN is big in it also. The company is based in Tampa.
     
  21. D2121hop

    D2121hop Junior Member

    Numis Network

    Good morning, I joined numis network with the intention of buying a coin each month. As in any industry there are some bad apples and it sounds like you ran into an overly aggressive person. I joined to an MS70 coin each month and if a friend or a coworker wanted the same then I could show them how it works. I want to get an ms70 Panda, maple leaf kookaburra, and anything else that comes along in ms70 condition. My son is 19 and has joined too. He saw the benefit or perceived benefit as an alternative to strictly being in the stock market. I enjoy it and will not badger people about it. One no is enough for me and I admit it is not for everyone. So, there may be another reason to join that a pure collector would not see. My son wants to hang onto these for 10 years and see what the value of an ms 70 coin will be then instead of a stock that stops paying dividends or goes down in value.
    I would like to discuss this with AN OPEN MIND AND SEE THE POINTS OR IDEAS ON WHAT TO BUY IF NOT A MS 70 COIN.

    Thanks, Dave
     
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