Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Chicago ANA Show Report
>
Reply to Thread
Message:
<p>[QUOTE="V. Kurt Bellman, post: 1966354, member: 71723"]People really need to understand the atmosphere at Chicago. The mega-dealers had their lawyers ON SITE, not just on the phone, and every time the ANA floated an idea to stem the gold madness, the lawyers were all over Rhonda, Ostromecki, and the ANA's solicitor. They were ready to march right into court - UNTIL the Mint decided to end it after Thursday's sales. You can screw around with ANA's legal staff, but the US Gov has staff lawyers. No additional costs, just salaries they pay anyway.</p><p><br /></p><p>Who were these guys? Lee Minshull, L&C, SilverTowne, MarcOne, some Chinese dealer whose name I forget, and a few more. They invested several $100,000 up front and NEEDED JFK's to turn a profit due to the obscene infrastructure they had built up front. Some had advertised all over Chicago media for weeks to recruit and pay ($100 in advance, even if they got no coin) their paid line waiters. Every idea floated by ANA to help the situation met with objections from the Mint, the big dealers' lawyers, or both.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 1966354, member: 71723"]People really need to understand the atmosphere at Chicago. The mega-dealers had their lawyers ON SITE, not just on the phone, and every time the ANA floated an idea to stem the gold madness, the lawyers were all over Rhonda, Ostromecki, and the ANA's solicitor. They were ready to march right into court - UNTIL the Mint decided to end it after Thursday's sales. You can screw around with ANA's legal staff, but the US Gov has staff lawyers. No additional costs, just salaries they pay anyway. Who were these guys? Lee Minshull, L&C, SilverTowne, MarcOne, some Chinese dealer whose name I forget, and a few more. They invested several $100,000 up front and NEEDED JFK's to turn a profit due to the obscene infrastructure they had built up front. Some had advertised all over Chicago media for weeks to recruit and pay ($100 in advance, even if they got no coin) their paid line waiters. Every idea floated by ANA to help the situation met with objections from the Mint, the big dealers' lawyers, or both.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Chicago ANA Show Report
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...