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I need help for a friend who got scam by a coin shop
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<p>[QUOTE="Tyler, post: 1665387, member: 32319"]Right, she wasn't taught how to invest or to handle financial matters. That is my point! At her elderly age she thinks it would be intelligent to walk in with $8,000 cash and ask the dealer for silver without making sure she was getting $8,000 worth of silver or probably not even knowing the price of silver per troy ounce of silver at the time. How about asking the dealer how much per coin am I paying. It's common sense. Another thing this women should have done before leaving was to ask the dealer what he would buy back the coins for in the future. To ask a friend what the value of these coins are after the fact is absurd. Does she go to a gas station and hand the worker a hundred dollars and ask for one hundred dollars worth of gas? No, she probably looks at the cost per gallon before purchasing and knows approximately how much gasoline she should receive. </p><p><br /></p><p>Now is this business practice ethical? I am not sure. Is this any different than one dealer charging $10 over spot per troy ounce than another charging $1. At what point does it become unethical? Tell her to bring the case to court. Maybe she will get a judge that has sympathy and sides with her. If she can prove she has an illness that affects her decisions than that too would be golden. Just threatening to sue may be enough. Who knows.[/QUOTE]</p><p><br /></p>
[QUOTE="Tyler, post: 1665387, member: 32319"]Right, she wasn't taught how to invest or to handle financial matters. That is my point! At her elderly age she thinks it would be intelligent to walk in with $8,000 cash and ask the dealer for silver without making sure she was getting $8,000 worth of silver or probably not even knowing the price of silver per troy ounce of silver at the time. How about asking the dealer how much per coin am I paying. It's common sense. Another thing this women should have done before leaving was to ask the dealer what he would buy back the coins for in the future. To ask a friend what the value of these coins are after the fact is absurd. Does she go to a gas station and hand the worker a hundred dollars and ask for one hundred dollars worth of gas? No, she probably looks at the cost per gallon before purchasing and knows approximately how much gasoline she should receive. Now is this business practice ethical? I am not sure. Is this any different than one dealer charging $10 over spot per troy ounce than another charging $1. At what point does it become unethical? Tell her to bring the case to court. Maybe she will get a judge that has sympathy and sides with her. If she can prove she has an illness that affects her decisions than that too would be golden. Just threatening to sue may be enough. Who knows.[/QUOTE]
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