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<p>[QUOTE="ThinnPikkins, post: 2254762, member: 32346"]I am glad to have not had to deal with the losses some had to accept over his current situation.</p><p><br /></p><p>With that being said, I believe it was a combination of 2 things that did the consumer in.</p><p><br /></p><p>1) The price of silver and gold slid, knocking A dent into his inventory pricing. The article states at one point before he started showing signs of trouble, He had a known amount of 600,000 oz of silver in stock and on hand. I do not think they made mention of gold levels in his inventory, but one can assume he was highly vested in gold also. Any shift, even the slightest would be dramatic and cause turmoil.</p><p><br /></p><p>2) The amount of loss is too great to swallow and this is when "criminal behavior" kicks in. Judging from the amount of good things people had to say about him and his company regarding shipment of goods and making good on his sales, at one point and time he was running an honest business with focus on customer satisfaction. I believe he got so far behind that filling peoples orders with the money of people making new purchases took a toll. He simply just "gave in" to defeat and created his exit strategy by course of fraudulent means.</p><p><br /></p><p>So I guess in summary, he was the good guy once upon a time. The blows he had to absorb made him into the criminal he now is today. With that being said it does not make it right, but I think his choice in going about survival was planned and executed just the way he wanted it. It just goes to show that the more you are involved in high risk situations, the more likely you will be highly disappointed at one time or another.[/QUOTE]</p><p><br /></p>
[QUOTE="ThinnPikkins, post: 2254762, member: 32346"]I am glad to have not had to deal with the losses some had to accept over his current situation. With that being said, I believe it was a combination of 2 things that did the consumer in. 1) The price of silver and gold slid, knocking A dent into his inventory pricing. The article states at one point before he started showing signs of trouble, He had a known amount of 600,000 oz of silver in stock and on hand. I do not think they made mention of gold levels in his inventory, but one can assume he was highly vested in gold also. Any shift, even the slightest would be dramatic and cause turmoil. 2) The amount of loss is too great to swallow and this is when "criminal behavior" kicks in. Judging from the amount of good things people had to say about him and his company regarding shipment of goods and making good on his sales, at one point and time he was running an honest business with focus on customer satisfaction. I believe he got so far behind that filling peoples orders with the money of people making new purchases took a toll. He simply just "gave in" to defeat and created his exit strategy by course of fraudulent means. So I guess in summary, he was the good guy once upon a time. The blows he had to absorb made him into the criminal he now is today. With that being said it does not make it right, but I think his choice in going about survival was planned and executed just the way he wanted it. It just goes to show that the more you are involved in high risk situations, the more likely you will be highly disappointed at one time or another.[/QUOTE]
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