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Silver Scam - Gaithersburg Coin Exchange
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<p>[QUOTE="Cloudsweeper99, post: 362505, member: 3011"]I know nothing about the particular company you are dealing with. However, many coin and bullion dealers are not particularly good or efficient businesses, and I have waited more than a month on more than one occasion for a delivery. So it might be too early to panic, but it's never too early to investigate. I also can't help but point out a few mistakes you made. First, you watched the price go up and THEN bought silver. This isn't a particularly good investment technique. Second, you placed a large transaction with a dealer you didn't know anything about. I always place a small order or two with any internet dealer I havent' used before to test the service. In your case, it would have been better to pay a few cents more per ounce to use a local dealer that you could visit. Third, you placed several years worth of savings into silver as an investment. Hopefully this isn't most of your savings since silver is basically an inflation and currency hedge, not a real investment in the sense that it produces interest or dividends or growth. Fourth, you bought all of the silver at the same time instead of buying a little at a time over a period of months or years.</p><p><br /></p><p>Good luck with your investigation. I suspect you will come out okay but please look before you leap in the future.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 362505, member: 3011"]I know nothing about the particular company you are dealing with. However, many coin and bullion dealers are not particularly good or efficient businesses, and I have waited more than a month on more than one occasion for a delivery. So it might be too early to panic, but it's never too early to investigate. I also can't help but point out a few mistakes you made. First, you watched the price go up and THEN bought silver. This isn't a particularly good investment technique. Second, you placed a large transaction with a dealer you didn't know anything about. I always place a small order or two with any internet dealer I havent' used before to test the service. In your case, it would have been better to pay a few cents more per ounce to use a local dealer that you could visit. Third, you placed several years worth of savings into silver as an investment. Hopefully this isn't most of your savings since silver is basically an inflation and currency hedge, not a real investment in the sense that it produces interest or dividends or growth. Fourth, you bought all of the silver at the same time instead of buying a little at a time over a period of months or years. Good luck with your investigation. I suspect you will come out okay but please look before you leap in the future.[/QUOTE]
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